Chainstack

chainstack

Building on top of Ethereum has never been easier.Frameworks such as the ever popular and make it very easy for developers to quickly deploy contracts and interact with them. Truffle-suite Embark These frameworks unfortunately is best suited for testing and experimentation. What happen’s if we want to have a server connect to a blockchain, and then have it interact with Smart Contracts? Enter Web3. Web3 is a wrapper for Ethereum’s JSON-RPC API. Despite being an abstraction library, it still offers great flexibility and a large deal of complexity. In this tutorial, we’ll be developing on top of the network. Quorum is , so you’ll find that this guide will work perfectly well with Ethereum as well. I choose Quorum specifically because transactions are near instant, and i don’t need to refill my wallet with test ethers. All transactions are free, so we do not need to get test Ethers. Quorum extremely similar to Ethereum We’ll split this guide into two sections: and Contract Deployment Contract Interaction. Creating your Quorum Network At Chainstack, you can create your own Quorum Node easily. We have a free trial for 14 days, so hop on over to our to get started. console If you don’t want to use Quorum, you can connect to your own Ethereum node via Geth or Parity, but you can deploy your own node on Chainstack as well for free :) Disclaimer (I work for Chainstack) Contract Deployment Let’s prepare a simple Smart Contract called Hello.sol pragma solidity ;
contract Hello { text; ;
    constructor( memory _text) {
        text = _text;
    } { text;
    } {
        text = _newText;
    } { ;
    }
} 0.5 .0 string ( ) event received address _received string public function ( ) view ( ) getText public returns memory string return function ( ) changeText memory _newText string public function ( ) payable pay public emit ( ) received msg.sender The contract accepts String argument to deploy it. You can also call to get back the string that you set during deployment. To change the text, call and supply it with your new string :) Hello getText() changeText() Finally, the contract has a payable function called A payable function is a function that can be sent Ethers to, and then the function is executed. We’ll see how all of this is done using . pay(). Web3js We’ll also assume that you know how to compile and get the bytecode and ABI of the contract. An easy way to do so if to use REMIX, and copy the bytecode and ABI that it provides. Let’s start by creating a contract instance: Contract = web3.eth.Contract(abi) const You have to supply the ABI so Web3 knows the specifications of each function in the Contract. Next, deploy the contract. .deploy({ : contractData.bytecode, :[title],
}) data arguments The deploy function accepts an object. This object contains two things, the bytecode of the contract (which you obtained via REMIX) and the arguments for the constructor. While this function is called , it actually doesn’t deploy the contract to the blockchain. We’ll have to use to finalize this process: .deploy() .send() .send({ : address, : , gasPrice: , }) from gas 470000000 //9000000 for Ethereum 0 // 3000 for Ethereum (3000 wei) also takes in three key objects: .send() 1. From Address 2. Gas Limit (or just Gas) 3. Gas Price Let’s chain .deploy() and .send() of this together: contract.deploy({ : contractData.bytecode, :[title],
    })
    .send({ : address, : , : ,
    }) data arguments from gas 470000000 gasPrice 0 This will return a promise, which contains the transaction receipt for the deployment of the contract. Hello In summary, to deploy a contract you need to: 1. Get the bytecode and ABI of the contract 2. Create a contract instance 3. Include the bytecode and constructor arguments in . deploy() 4. Send it to the blockchain using .send() Once deployed, the transaction receipt contains the address of the Smart Contract. We’ll need this in the next section. Contract Interaction Contract Interaction is slightly more complicated. The contract has three functions, , and getText() changeText() pay() Let’s get an instance of the smart contract so your javascript file can interact with it. contract = Web3.eth.Contract(ABI,contractAddress) const We’ll have to supply the ABI so web3 knows how to interact with the contract. This time, we supply the contractAddress, so Web3 knows where to send our calls to. With the contract instance, we can now access the function: getText() text = Contract.methods.getText().call({}) const await The important thing here is the object. The contract Object exists as a nested Object in javascript, and the function calls are stored in the object. .methods methods Since ) is a view function, it does not make any changes to the blockchain. Thus, we chain the the function with . also returns the value in the returns() argument of the function in the Smart Contract, and the transaction receipt. getText( .call({}) call() not How about the function? Take a look: changeText() Contract.methods.changeText( ).send({ : accounts, : , : }) 'New Text' from gas 470000 gasPrice 0 For non-view functions, or rather functions which changes the state of the blockchain, we have to chain it with . Recall how we used during contract deployment. This makes sense because deploying the contract is also changing the state of the blockchain. You’ll get the transaction receipt as the response. .send() .send() The final function is a function that accepts ether. Let’s see how we can do this using Web3. pay() Contract.methods.pay().send({ : accounts, : , : gasPrice: }) from gas 470000 value 1000000000000000000 // in WEI, which is equivalent to 1 ether 0 We still chain it with the function, but this time we include the value parameter in the object to be sent. This value has to be in wei, and not Ether. So do your conversions accordingly. send() But wait, what about payable functions that returns a value? How do we return value but also send it some Ether? The answer is to use first, and then . .send() .call() That’s it! You’re now an expert in Web3 :P Don’t hesitate to drop me a message. Explore Chainstack Website: Console: www.chainstack.com console.chainstack.com

Essential Web3 calls

Start and Deploy your Own Fully Synced Ethereum Node in Under 10 Minutes

So let’s start! Tell us a bit about yourself. For example, name, profession, and personal interests. I'm Kirill Balakhonov, working at Chainstack.com, a leading Web3 infrastructure provider. As the Lead Product Manager, I specialize in our recently launched product, Chainstack Subgraphs hosting, which focuses on blockchain data access and indexing. Prior to this role, I spent five years in the Data Science field, where I developed and trained various computer vision neural networks and large language models. I have a strong passion for exploring new technologies, programming, and prototyping everything on my own. I adore my family, which consists of my wife, a 5-year-old son, and a pug dog. Interesting! What was your latest Hackernoon Top story about? It was the first part of a three-part series called " ." This series came after years of developing telegram bots solely for my own usage, which proved to be very helpful in various cases. I am truly inspired by the idea of having a group of intelligent helper bots that can handle certain tasks on my behalf. How to Create a Telegram Bot to Monitor Your Service Uptime in Python (Part 1: Instant Metrics) Although I can't recall all of them, there were some exceptionally useful bots that continue to assist me in my daily life. They read numerous telegram channels and only send me the most interesting and relevant content. Additionally, I have several personal ChatGPT-powered telegram bot assistants, a news navigator bot, pet projects alerting&monitoring bots, and bots for sharing community links, amongst others. Do you usually write on similar topics? If not, what do you usually write about? I write a lot about programming. I really like the format of zero-to-hero tutorials because I always learn best using this type of material, considering it the fastest approach to learning anything. Additionally, I write about Web3/blockchains/smart contracts development, which is also my top interest in the technological business field. Great! What is your usual writing routine like (if you have one?) Usually, I write about a project that I have just implemented to showcase my work and share the results with the developer community. The routine is simply to describe something that I have had experience with. Being a writer in tech can be a challenge. It’s not often our main role, but an addition to another one. What is the biggest challenge you have when it comes to writing? The biggest challenge for me is finding time to write after I come up with an article idea. I have so many ideas in my head that I can't possibly put them all on paper, as it would take up a significant amount of time. What is the next thing you hope to achieve in your career? To be honest, I'm not really focused on career goals. The main thing for me is to have an interesting time and the opportunity to develop myself. Wow, that’s admirable. Now, something more casual: What is your guilty pleasure of choice? I love walking, eating delicious food, and spending time with friends. Do you have a non-tech-related hobby? If yes, what is it? I love snowboarding, traveling, and watching TV shows. What can the HackerNoon community expect to read from you next? It would be great to write more about the real development of decentralized applications in simple language, from a first-person perspective, and for beginner developers. Web3 is an area that fascinates me from various angles, as a creator of developer tools, interesting and useful content, and as an avid learner of new technologies. What’s your opinion on HackerNoon as a platform for writers? This is an excellent place to study, learn new things and share experiences. Thanks for taking the time to join our “ ” series. It was a pleasure. Do you have any closing words? Meet the Writer Thank you for such a wonderful platform!

Meet the Writer: HackerNoon's Contributor Kirill Balakhonov, Web3 Product Lead @ Chainstack

Conozca al escritor: colaborador de HackerNoon, Kirill Balakhonov, líder de producto de Web3 @ Chainstack

Rencontrez l'écrivain : Kirill Balakhonov, contributeur de HackerNoon, chef de produit Web3 @ Chainstack

लेखक से मिलें: हैकरनून के योगदानकर्ता किरिल बालाखोनोव, वेब3 प्रोडक्ट लीड @ चेनस्टैक

ライターのご紹介: HackerNoon の寄稿者、Chainstack の Web3 プロダクト リードである Kirill Balakhonov

Conheça o escritor: Kirill Balakhonov, colaborador do HackerNoon, líder de produto Web3 @ Chainstack

Gặp gỡ người viết: Cộng tác viên của HackerNoon Kirill Balakhonov, Trưởng nhóm sản phẩm Web3 @ Chainstack

来认识一下作者：HackerNoon 的贡献者 Kirill Balakhonov，Chainstack 的 Web3 产品负责人

What It Takes to Run a Solana Validator: Hardware, Bandwidth, and Budget

Was es braucht, um einen Solana Validator zu laufen: Hardware, Bandbreite und Budget

Qué hace falta para ejecutar un validador de Solana: hardware, ancho de banda y presupuesto

Ce qu'il faut pour exécuter un validateur Solana: matériel, bande passante et budget

एक सोलाना सत्यापन को चलाने के लिए क्या है: हार्डवेयर, बैंडविड्थ और बजट

Solana Validator を実行するには何が必要ですか:ハードウェア、帯域幅、予算

Solana Validator를 실행하는 데 필요한 것 : 하드웨어, 대역폭 및 예산

Kas nepieciešams, lai palaistu Solana validatoru: aparatūra, joslas platums un budžets

Sida loo yaqaan "Solana Validator": Hardware, bandwidth, iyo Budget

Шта је потребно за покретање Солана валидатора: хардвер, опсег и буџет

สิ่งที่ต้องใช้ในการเรียกใช้ Solana Validator: ฮาร์ดแวร์แบนด์วิดท์และงบประมาณ

Ano ang Kailangan upang Kumuha ng isang Solana Validator: Hardware, Bandwidth, at Budget

Yintoni kufuneka ukuqhuba i-Solana Validator: I-Hardware, I-Bandwidth, kunye neBudget

Inside the Unseen War Between Shared and Custom Blockchain Nodes

Understanding Blockchain APIs and RPC Nodes. 

Table of Links Abstract and I. Introduction II. Expectations of Blockchain Accessibility III. Approach I: Maintain a Ledger Locally - Run a Full Node IV. Approach II: Query a Third-Party Ledger-Node-As-A-Service (NAAS) V. Approach III: Light Node - External Query & Local Verification VI. Concluding Remark and References VI. CONCLUDING REMARKS Ultimately, any blockchain accessibility solution has to decide on a split of responsibilities: either the user does most of the computation necessary or some third party does. A spectrum of solutions may be developed based on different types and needs of users, from a full node to a full third-party service. However, we consider that any solution must still adhere to reasonable security expectations: integrity, availability, and privacy. Most blockchain research is based on the assumption that users run their local nodes. This means the fact that running a full node is still the best way to provide integrity, availability, and privacy. Indeed we surveyed third-party service providers in the field and noted the lack of a data integrity guarantee when the provider is not trusted. We also recalled events that render the providers unable to provide service. These facts mean that third-party service providers can and do fail, and thus relying on them can become risky. At the same time, considering the high cost of running a full node locally, we believe that users should have more choice that does not impact the security guarantees. We observe the emergence of so-called ultralight nodes, which provides a way for third-party services to give a verifiable statement that requires little hardware power from the client. Many open questions remain regarding the accessibility of blockchains, even regarding full-node solutions and third-party providers. Any number of light node protocols can also be built to serve different users’ needs. We reiterate that ensuring the accessibility of blockchains is paramount for the technology. If we believe that blockchains are a common good, then making them accessible to all in a secure and available manner is critical for the future development of Web3 technology. Any information is as useful as how it can be read, and such reasoning also applies to blockchains. REFERENCES [1] AL-BASSAM, M., SONNINO, A., AND BUTERIN, V. Fraud and data availability proofs: Maximising light client security and scaling blockchains with dishonest majorities. arXiv preprint arXiv:1809.09044 (2018). [2] ALCHEMY. Alchemy. https://alchemy.com/, 2022. [3] ALL THAT NODE. All That Node. https://allthatnode.com/, 2022. [4] ANKR. Ankr. https://www.ankr.com/, 2022. [5] BADDOUR, R. Setting up a Litecoin super node: A complete step-bystep recipe that anyone can follow. https://medium.com/@baddour/sett ing-up-a-litecoin-full-node-a-complete-step-by-step-recipe-that-anyon e-can-follow-fb18b82d5cfe, 2022. [6] BINANCE. Binance. https://www.binance.us/, 2022. [7] BITCOIN PROJECT. Minimum requirements. https://bitcoin.org/en/ful l-node#minimum-requirements, 2022. [8] BITCOIN PROJECT. RPC API reference. https://developer.bitcoin.org/ reference/rpc/#, 2022. [9] BLOCKDAEMON. BlockDeamon. https://blockdaemon.com/, 2022. [10] BUNZ, B., KIFFER, L., LUU, L., AND ZAMANI, M. Flyclient: Superlight clients for cryptocurrencies. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 928–946. [11] CHAINSTACK. Chainstack. https://chainstack.com/, 2022. [12] CHATZIGIANNIS, P., BALDIMTSI, F., AND CHALKIAS, K. Sok: Blockchain light clients. In International Conference on Financial Cryptography and Data Security (2022), Springer, pp. 615–641. [13] CLEPER, Y., AND BINDER, G. Lava: A decentralized RPC network for blockchains - litepaper v0.1. Tech. rep., Lava Protocol Inc., 2022. [14] COINCASHEW. How to run your own Monero node. https://www.co incashew.com/coins/overview-xmr/guide-or-how-to-run-a-full-node, 2022. [15] CONSENSYS. Privacy policy. http://web.archive.org/web/2022112109 5716/https://consensys.net/privacy-policy/, 2022. [16] CRYPTO.COM. Crypto.com. https://crypto.com/us, 2022. [17] DAIAN, P., GOLDFEDER, S., KELL, T., LI, Y., ZHAO, X., BENTOV, I., BREIDENBACH, L., AND JUELS, A. Flash boys 2.0: Frontrunning in decentralized exchanges, miner extractable value, and consensus instability. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 910–927. [18] DASH CORE GROUP. Masternode requirements. https://docs.dash.org/ en/stable/masternodes/understanding.html#masternode-requirements, 2022. [19] DATAHUB. DataHub. https://datahub.figment.io/, 2022. [20] DENNIS, R., AND DISSO, J. P. An analysis into the scalability of bitcoin and ethereum. In Third International Congress on Information and Communication Technology (2019), Springer, pp. 619–627. [21] ELECTRIC COIN COMPANY. Troubleshooting guide. https://zcash.read thedocs.io/en/latest/rtd pages/troubleshooting guide.html, 2022. [22] ETHEREUM FOUNDATION. Ethereum portal network. https://www.ethp ortal.net/, 2022. [23] ETHEREUM FOUNDATION. Light Ethereum subprotocol (LES). https: //github.com/ethereum/devp2p/blob/master/caps/les.md, 2022. [24] ETHEREUM FOUNDATION. Light node. https://ethereum.org/en/develo pers/docs/nodes-and-clients/#light-node, 2022. [25] ETHEREUM FOUNDATION. Node as a service. https://ethereum.org/en/ developers/docs/nodes-and-clients/nodes-as-a-service/, 2022. [26] ETHEREUM FOUNDATION. Requirements. https://ethereum.org/en/deve lopers/docs/nodes-and-clients/run-a-node/#requirements, 2022. [27] ETHEREUM FOUNDATION. Who should run a node? https://ethereum .org/en/run-a-node/, 2022. [28] FANTI, G., KOGAN, L., AND VISWANATH, P. Economics of proof-ofstake payment systems, 2019. [29] GETBLOCK. GetBlock. https://getblock.io/, 2022. [30] GOES, C. The interblockchain communication protocol: An overview. arXiv preprint arXiv:2006.15918 (2020). [31] GRIFFITH, E. Why the crypto collapse matters. The New York Times (Nov 2022). [32] INFSTONES. InfStones. https://infstones.com/, 2022. [33] INFURA. Infura. https://infura.io/, 2022. [34] KALEIDO. Kaleido. https://kaleido.io/, 2022. [35] LI, K., CHEN, J., LIU, X., TANG, Y. R., WANG, X., AND LUO, X. As strong as its weakest link: How to break blockchain dapps at rpc service. In NDSS (2021). [36] MALWA, S. Two Polygon, Fantom front ends hit by DNS attack. https: //www.coindesk.com/tech/2022/07/01/two-polygon-fantom-front-end s-hit-by-dns-attack/, 2022. [37] MEE, D. Bitcoin full node on RBP3 (revised). https://medium.com/@ meeDamian/bitcoin-full-node-on-rbp3-revised-88bb7c8ef1d1, 2017. [38] MEE, D. Litecoin full node on RBP3. https://medium.com/@meeDam ian/litecoin-full-node-on-rbp3-69f851f74f1b, 2017. [39] METAMASK SUPPORT. Why Infura cannot serve certain areas. https: //metamask.zendesk.com/hc/en-us/articles/360059386712-Why-MetaM ask-and-Infura-cannot-serve-certain-areas, 2022. [40] MORALIS. Moralis. https://moralis.io/, 2022. [41] NAKAMOTO, S. Bitcoin: A peer-to-peer electronic cash system. Decentralized Business Review (2008), 21260. [42] NELSON, B. J. Remote procedure call. PhD thesis, Carnegie Mellon University, 1981. [43] NOWNODES. NOWNodes. https://nownodes.io/, 2022. [44] PAAVOLAINEN, S., AND CARR, C. Security properties of light clients on the ethereum blockchain. IEEE Access 8 (2020), 124339–124358. [45] POCKET NETWORK. Pocket Network. https://www.pokt.network/, 2022. [46] QUICKNODE. QuickNode. https://www.quicknode.com/, 2022. [47] RIVET. Rivet. https://rivet.cloud/, 2022. [48] SENSEINODE. SenseiNode. https://senseinode.com/, 2022. [49] SETTLEMINT. SettleMint. https://console.settlemint.com/, 2022. [50] SOLANA FOUNDATION. Validator requirements. https://docs.solana.co m/running-validator/validator-reqs, 2022. [51] SONG, Y.-D., AND ASTE, T. The cost of bitcoin mining has never really increased. Frontiers in Blockchain (2020), 44. [52] WATCHDATA. WatchData. https://watchdata.io/, 2022. [53] XRP LEDGER. System requirements. https://xrpl.org/system-requireme nts.html, 2022. [54] YAISH, A., AND ZOHAR, A. Correct cryptocurrency asic pricing: Are miners overpaying. arXiv preprint arXiv:2002.11064 (2020). [55] ZMOK. ZMOK. https://zmok.io/, 2022. Authors:
(1) Zhongtang Luo, Purdue University (luo401@purdue.edu);
(2) Rohan Murukutla, Supra (r.murukutla@supraoracles.com);
(3) Aniket Kate, Purdue University / Supra (aniket@purdue.edu). This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. Table of Links Abstract and I. Introduction Abstract and I. Introduction II. Expectations of Blockchain Accessibility II. Expectations of Blockchain Accessibility III. Approach I: Maintain a Ledger Locally - Run a Full Node III. Approach I: Maintain a Ledger Locally - Run a Full Node IV. Approach II: Query a Third-Party Ledger-Node-As-A-Service (NAAS) IV. Approach II: Query a Third-Party Ledger-Node-As-A-Service (NAAS) V. Approach III: Light Node - External Query & Local Verification V. Approach III: Light Node - External Query & Local Verification VI. Concluding Remark and References VI. Concluding Remark and References VI. CONCLUDING REMARKS Ultimately, any blockchain accessibility solution has to decide on a split of responsibilities: either the user does most of the computation necessary or some third party does. A spectrum of solutions may be developed based on different types and needs of users, from a full node to a full third-party service. However, we consider that any solution must still adhere to reasonable security expectations: integrity, availability, and privacy. Most blockchain research is based on the assumption that users run their local nodes. This means the fact that running a full node is still the best way to provide integrity, availability, and privacy. Indeed we surveyed third-party service providers in the field and noted the lack of a data integrity guarantee when the provider is not trusted. We also recalled events that render the providers unable to provide service. These facts mean that third-party service providers can and do fail, and thus relying on them can become risky. At the same time, considering the high cost of running a full node locally, we believe that users should have more choice that does not impact the security guarantees. We observe the emergence of so-called ultralight nodes, which provides a way for third-party services to give a verifiable statement that requires little hardware power from the client. Many open questions remain regarding the accessibility of blockchains, even regarding full-node solutions and third-party providers. Any number of light node protocols can also be built to serve different users’ needs. We reiterate that ensuring the accessibility of blockchains is paramount for the technology. If we believe that blockchains are a common good, then making them accessible to all in a secure and available manner is critical for the future development of Web3 technology. Any information is as useful as how it can be read, and such reasoning also applies to blockchains. REFERENCES [1] AL-BASSAM, M., SONNINO, A., AND BUTERIN, V. Fraud and data availability proofs: Maximising light client security and scaling blockchains with dishonest majorities. arXiv preprint arXiv:1809.09044 (2018). [2] ALCHEMY. Alchemy. https://alchemy.com/, 2022. [3] ALL THAT NODE. All That Node. https://allthatnode.com/, 2022. [4] ANKR. Ankr. https://www.ankr.com/, 2022. [5] BADDOUR, R. Setting up a Litecoin super node: A complete step-bystep recipe that anyone can follow. https://medium.com/@baddour/sett ing-up-a-litecoin-full-node-a-complete-step-by-step-recipe-that-anyon e-can-follow-fb18b82d5cfe, 2022. [6] BINANCE. Binance. https://www.binance.us/, 2022. [7] BITCOIN PROJECT. Minimum requirements. https://bitcoin.org/en/ful l-node#minimum-requirements, 2022. [8] BITCOIN PROJECT. RPC API reference. https://developer.bitcoin.org/ reference/rpc/#, 2022. [9] BLOCKDAEMON. BlockDeamon. https://blockdaemon.com/, 2022. [10] BUNZ, B., KIFFER, L., LUU, L., AND ZAMANI, M. Flyclient: Superlight clients for cryptocurrencies. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 928–946. [11] CHAINSTACK. Chainstack. https://chainstack.com/, 2022. [12] CHATZIGIANNIS, P., BALDIMTSI, F., AND CHALKIAS, K. Sok: Blockchain light clients. In International Conference on Financial Cryptography and Data Security (2022), Springer, pp. 615–641. [13] CLEPER, Y., AND BINDER, G. Lava: A decentralized RPC network for blockchains - litepaper v0.1. Tech. rep., Lava Protocol Inc., 2022. [14] COINCASHEW. How to run your own Monero node. https://www.co incashew.com/coins/overview-xmr/guide-or-how-to-run-a-full-node, 2022. [15] CONSENSYS. Privacy policy. http://web.archive.org/web/2022112109 5716/https://consensys.net/privacy-policy/, 2022. [16] CRYPTO.COM. Crypto.com. https://crypto.com/us, 2022. [17] DAIAN, P., GOLDFEDER, S., KELL, T., LI, Y., ZHAO, X., BENTOV, I., BREIDENBACH, L., AND JUELS, A. Flash boys 2.0: Frontrunning in decentralized exchanges, miner extractable value, and consensus instability. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 910–927. [18] DASH CORE GROUP. Masternode requirements. https://docs.dash.org/ en/stable/masternodes/understanding.html#masternode-requirements, 2022. [19] DATAHUB. DataHub. https://datahub.figment.io/, 2022. [20] DENNIS, R., AND DISSO, J. P. An analysis into the scalability of bitcoin and ethereum. In Third International Congress on Information and Communication Technology (2019), Springer, pp. 619–627. [21] ELECTRIC COIN COMPANY. Troubleshooting guide. https://zcash.read thedocs.io/en/latest/rtd pages/troubleshooting guide.html, 2022. [22] ETHEREUM FOUNDATION. Ethereum portal network. https://www.ethp ortal.net/, 2022. [23] ETHEREUM FOUNDATION. Light Ethereum subprotocol (LES). https: //github.com/ethereum/devp2p/blob/master/caps/les.md, 2022. [24] ETHEREUM FOUNDATION. Light node. https://ethereum.org/en/develo pers/docs/nodes-and-clients/#light-node, 2022. [25] ETHEREUM FOUNDATION. Node as a service. https://ethereum.org/en/ developers/docs/nodes-and-clients/nodes-as-a-service/, 2022. [26] ETHEREUM FOUNDATION. Requirements. https://ethereum.org/en/deve lopers/docs/nodes-and-clients/run-a-node/#requirements, 2022. [27] ETHEREUM FOUNDATION. Who should run a node? https://ethereum .org/en/run-a-node/, 2022. [28] FANTI, G., KOGAN, L., AND VISWANATH, P. Economics of proof-ofstake payment systems, 2019. [29] GETBLOCK. GetBlock. https://getblock.io/, 2022. [30] GOES, C. The interblockchain communication protocol: An overview. arXiv preprint arXiv:2006.15918 (2020). [31] GRIFFITH, E. Why the crypto collapse matters. The New York Times (Nov 2022). [32] INFSTONES. InfStones. https://infstones.com/, 2022. [33] INFURA. Infura. https://infura.io/, 2022. [34] KALEIDO. Kaleido. https://kaleido.io/, 2022. [35] LI, K., CHEN, J., LIU, X., TANG, Y. R., WANG, X., AND LUO, X. As strong as its weakest link: How to break blockchain dapps at rpc service. In NDSS (2021). [36] MALWA, S. Two Polygon, Fantom front ends hit by DNS attack. https: //www.coindesk.com/tech/2022/07/01/two-polygon-fantom-front-end s-hit-by-dns-attack/, 2022. [37] MEE, D. Bitcoin full node on RBP3 (revised). https://medium.com/@ meeDamian/bitcoin-full-node-on-rbp3-revised-88bb7c8ef1d1, 2017. [38] MEE, D. Litecoin full node on RBP3. https://medium.com/@meeDam ian/litecoin-full-node-on-rbp3-69f851f74f1b, 2017. [39] METAMASK SUPPORT. Why Infura cannot serve certain areas. https: //metamask.zendesk.com/hc/en-us/articles/360059386712-Why-MetaM ask-and-Infura-cannot-serve-certain-areas, 2022. [40] MORALIS. Moralis. https://moralis.io/, 2022. [41] NAKAMOTO, S. Bitcoin: A peer-to-peer electronic cash system. Decentralized Business Review (2008), 21260. [42] NELSON, B. J. Remote procedure call. PhD thesis, Carnegie Mellon University, 1981. [43] NOWNODES. NOWNodes. https://nownodes.io/, 2022. [44] PAAVOLAINEN, S., AND CARR, C. Security properties of light clients on the ethereum blockchain. IEEE Access 8 (2020), 124339–124358. [45] POCKET NETWORK. Pocket Network. https://www.pokt.network/, 2022. [46] QUICKNODE. QuickNode. https://www.quicknode.com/, 2022. [47] RIVET. Rivet. https://rivet.cloud/, 2022. [48] SENSEINODE. SenseiNode. https://senseinode.com/, 2022. [49] SETTLEMINT. SettleMint. https://console.settlemint.com/, 2022. [50] SOLANA FOUNDATION. Validator requirements. https://docs.solana.co m/running-validator/validator-reqs, 2022. [51] SONG, Y.-D., AND ASTE, T. The cost of bitcoin mining has never really increased. Frontiers in Blockchain (2020), 44. [52] WATCHDATA. WatchData. https://watchdata.io/, 2022. [53] XRP LEDGER. System requirements. https://xrpl.org/system-requireme nts.html, 2022. [54] YAISH, A., AND ZOHAR, A. Correct cryptocurrency asic pricing: Are miners overpaying. arXiv preprint arXiv:2002.11064 (2020). [55] ZMOK. ZMOK. https://zmok.io/, 2022. Authors: (1) Zhongtang Luo, Purdue University (luo401@purdue.edu); (2) Rohan Murukutla, Supra (r.murukutla@supraoracles.com); (3) Aniket Kate, Purdue University / Supra (aniket@purdue.edu). Authors: Authors: (1) Zhongtang Luo, Purdue University (luo401@purdue.edu); (2) Rohan Murukutla, Supra (r.murukutla@supraoracles.com); (3) Aniket Kate, Purdue University / Supra (aniket@purdue.edu). This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. available on arxiv

Balancing Blockchain Access: Local Nodes vs. Third-Party Services

Blockchain games have hit the headlines for rewarding players with cryptocurrency based on their performance and the level of effort they put into playing games. It’s an emerging niche within the crypto industry that undoubtedly has huge potential, but it’s also one that has struggled to gain popularity with traditional gamers. Many play-to-earn games struggle to effectively engage their communities, which lowers the value of the incentives they offer. One of the main reasons for this lack of engagement is the “grind-like” experience of many blockchain games, which feel more like a chore than an enjoyable hobby. Games are meant to be entertaining, but when players have to grind through repeated battles or challenges, it can quickly become a source of frustration, causing a loss of interest. Another problem is the unsustainable economic models found in many blockchain games. The issue is one of tokenomics. Games developers are generally experts in creating games, but they’re not always so hot in terms of designing an economy. For a game’s crypto rewards to accrue value, they need to provide utility for their in-game tokens to establish demand. This means building a crypto payments infrastructure that can support a vibrant economy, enabling players to spend their rewards and recycle value throughout the game. But without user engagement, it’s almost impossible to create this kind of flourishing economy, and this is an area where many games fall short. Because the games are less entertaining and more about grinding, there’s little excitement within the game’s community. How to engage gaming audiences? The challenge for blockchain game developers then is to create an entertaining game complete with rewarding experiences that are accessible to every player. In doing so, this can help to foster a more lively community that’s much more engaged, with vibrant forums and social media discussions and multiple ways to put the rewards they earn into practice. Doing this requires developers to think outside of the box about the ways they can grab and then keep the attention of players. Some ideas include making games more equitable and inclusive, perhaps by distributing rewards based on the player’s skills and achievements, as opposed to the time they invest in the game. This can ensure that the best players are rewarded for striving to up their game. In doing this, developers can foster discussions among the community, rewarding the best players for sharing hints and tips with others to improve their performance. To further stimulate attention and brand loyalty, blockchain games can tap into external platforms such as Azarus, the live streaming platform for video games. The best players can livestream their gameplay via Azarus and interact with their audiences during gameplay to create more excitement. The great thing about Azarus is that it rewards players for sharing their gameplay experiences, meaning players gain additional incentives. Players also have a way to use their rewards on Azarus. The company recently announced support for crypto payments in the Azarus store, enabling players to spend both their AZA rewards and their in-game rewards on items such as Netflix gift cards and new video game titles such as Homeworld 3 and Hellblade 2. To further encourage a vibrant in-game economy, developers need to look at incorporating GameFi elements into their games. A good example of this is Eldarune, an immersive RPG game built on ChainStack that not only offers in-game rewards, but also tons of passive income earning opportunities, such as the ability to stake ELDA tokens, loan NFTs to other players, engage in yield farming, provide liquidity and more. Eldarune has created an extensive crypto payments infrastructure to support these GameFi activities. By providing these kinds of opportunities, developers will generate interest that expands beyond the actual gameplay to encompass all of the financial activities that make their in-game economies go round. It also serves to boost engagement and help create a more sustainable environment for growing the real-world value of their in-game assets. Engagement drives in-game economies Blockchain games have the potential to transform the gaming industry by introducing economic opportunities for gamers, effectively giving something back to their communities of players. However, building a game on the blockchain and integrating crypto payments is not a magic bullet. Developers must focus on building an engaging platform together with a sustainable economy players to engage in financial interactions. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Blockchain games have hit the headlines for rewarding players with cryptocurrency based on their performance and the level of effort they put into playing games. It’s an emerging niche within the crypto industry that undoubtedly has huge potential, but it’s also one that has struggled to gain popularity with traditional gamers. Many play-to-earn games struggle to effectively engage their communities, which lowers the value of the incentives they offer. One of the main reasons for this lack of engagement is the “grind-like” experience of many blockchain games, which feel more like a chore than an enjoyable hobby. Games are meant to be entertaining, but when players have to grind through repeated battles or challenges, it can quickly become a source of frustration, causing a loss of interest. Another problem is the unsustainable economic models found in many blockchain games. The issue is one of tokenomics. Games developers are generally experts in creating games, but they’re not always so hot in terms of designing an economy. For a game’s crypto rewards to accrue value, they need to provide utility for their in-game tokens to establish demand. This means building a crypto payments infrastructure that can support a vibrant economy, enabling players to spend their rewards and recycle value throughout the game. But without user engagement, it’s almost impossible to create this kind of flourishing economy, and this is an area where many games fall short. Because the games are less entertaining and more about grinding, there’s little excitement within the game’s community. How to engage gaming audiences? The challenge for blockchain game developers then is to create an entertaining game complete with rewarding experiences that are accessible to every player. In doing so, this can help to foster a more lively community that’s much more engaged, with vibrant forums and social media discussions and multiple ways to put the rewards they earn into practice. Doing this requires developers to think outside of the box about the ways they can grab and then keep the attention of players. Some ideas include making games more equitable and inclusive, perhaps by distributing rewards based on the player’s skills and achievements, as opposed to the time they invest in the game. This can ensure that the best players are rewarded for striving to up their game. In doing this, developers can foster discussions among the community, rewarding the best players for sharing hints and tips with others to improve their performance. To further stimulate attention and brand loyalty, blockchain games can tap into external platforms such as Azarus , the live streaming platform for video games. The best players can livestream their gameplay via Azarus and interact with their audiences during gameplay to create more excitement. The great thing about Azarus is that it rewards players for sharing their gameplay experiences, meaning players gain additional incentives. Azarus Azarus Players also have a way to use their rewards on Azarus. The company recently announced support for crypto payments in the Azarus store, enabling players to spend both their AZA rewards and their in-game rewards on items such as Netflix gift cards and new video game titles such as Homeworld 3 and Hellblade 2. support for crypto payments support for crypto payments To further encourage a vibrant in-game economy, developers need to look at incorporating GameFi elements into their games. A good example of this is Eldarune , an immersive RPG game built on ChainStack that not only offers in-game rewards, but also tons of passive income earning opportunities , such as the ability to stake ELDA tokens, loan NFTs to other players, engage in yield farming, provide liquidity and more. Eldarune has created an extensive crypto payments infrastructure to support these GameFi activities. Eldarune Eldarune passive income earning opportunities passive income earning opportunities By providing these kinds of opportunities, developers will generate interest that expands beyond the actual gameplay to encompass all of the financial activities that make their in-game economies go round. It also serves to boost engagement and help create a more sustainable environment for growing the real-world value of their in-game assets. Engagement drives in-game economies Blockchain games have the potential to transform the gaming industry by introducing economic opportunities for gamers, effectively giving something back to their communities of players. However, building a game on the blockchain and integrating crypto payments is not a magic bullet. Developers must focus on building an engaging platform together with a sustainable economy players to engage in financial interactions. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

Azarus Boosts Player Engagement Through Live Streaming

আজারস লাইভ স্ট্রিমিংয়ের মাধ্যমে প্লেয়ারের ব্যস্ততা বাড়ায়

Azarus steigert das Engagement der Spieler durch Live-Streaming

Azarus aumenta la participación de los jugadores a través de la transmisión en vivo

Azarus stimule l'engagement des joueurs grâce à la diffusion en direct

अज़ारस लाइव स्ट्रीमिंग के माध्यम से खिलाड़ियों की सहभागिता को बढ़ाता है

Azarus はライブストリーミングを通じてプレイヤーのエンゲージメントを高めます

Azarus는 라이브 스트리밍을 통해 플레이어 참여를 향상합니다.

Azarus aumenta o envolvimento dos jogadores por meio de transmissão ao vivo

Azarus повышает вовлеченность игроков посредством прямых трансляций

Azarus, Canlı Yayın Yoluyla Oyuncu Etkileşimini Artırıyor

Azarus tăng cường sự tham gia của người chơi thông qua phát trực tiếp

Azarus 通过直播提高玩家参与度

**SANTA CLARA, US, April 30th, 2024/Chainwire/--**CARV, the modular data layer for gaming and AI, today announces the final approval of ERC-7231 – the protocol that establishes a revolutionary system of data self-sovereignty, empowering users to possess, manage, and contribute their information to both AI systems and data consumers, thereby enabling the equitable sharing of generated value. Ethereum Community greenlighting the standard is a major step in bridging disparate digital identities and enabling users to own their online history, relationships, and experiences across platforms. ERC-7231 binds multiple Web2 and Web3 identities to a single non-fungible token (NFT) and achieves encrypted aggregation of multi-domain identity data. The result is an “identity of identities” that enables self-authentication, social overlapping, and commercial value generation from targeted user data. “At long last, this solution breaks down identity silos, rewrites the rules of data ownership, and lays the foundation for a user-owned internet where individuals can have an equitable share in value distribution,” said CARV Co-Founder Victor Yu. ERC-7231 offers three important benefits at the dawn of Web3. First, the protocol’s integration with account abstraction wallets makes Web2 and Web3 onboarding (and therefore adoption) easier. Second, uniting multiple identities under one banner enables greater interoperability between different platforms and services. Third, users exercise unprecedented control over their data to decide how it’s used. If they opt to share this data, for example, users can passively earn whenever brands leverage their on-chain and off-chain identity information. Case in point: CARV ID is integrated with the standard and already empowering users to manage their digital presence across the gaming universe with ease and confidence. More than 900,000 CARV ID holders are playing their favorite games and earning rewards across CARV’s comprehensive ecosystem, which spans from its foundational data stack, its gaming-focused application layer, to the increasing list of games integrated with CARV ID. CARV has also developed an AI Agent in house, where more nuanced data can be scrapped in a privacy-preserving way and attributed to CARV ID. Entities building on CARV’s modular data layer, such as MARBLEX which recently just announced their strategic partnership with CARV, can tap into this rich data source for game and AI development. ERC-7231 is “the key to stringing everything together,” said Yu. Understanding gamers today is increasingly difficult due to app tracking changes (IDFA) and shifting privacy regulations (CCPA). With ERC-7231, users can not only aggregate, own, and control their identities, but gaming and AI companies can leverage this zero- and first-party data to create customized experiences and more accurately target gamers. For example, according to the company, improved user acquisition was the aim of Electronic Arts and its latest game, EA Sports FC Tactical, in Indonesia. Utilizing CARV as one of the primary channels for user acquisition, EA recently recruited Indonesian gamers for the beta test at a lower Cost Per Install (CPI) than traditional channels. Better yet, the game can better understand each gamer and their history thanks to ERC-7231’s aggregated data from multiple gaming accounts. “Backed by this standard, brands can shift and shape their offering with quality and compliant data, and users can share in the value creation from this information. We welcome all user identity solutions to adopt ERC-7231 and usher in a new age of identity-aggregated NFTs,” said Yu. About CARV CARV is the largest modular data layer for gaming and AI, revolutionizing how data is used and shared. CARV ensures privacy, ownership, and control are firmly in the hands of individuals and provides gaming and AI development with holistic and high-quality data reinforced with human feedback in a regulatory-compliant, trustless way. To pioneer a future where data generates value for all, CARV has built CARV Protocol, the modular data layer integrated with 40+ chain ecosystems, and CARV Play, its flagship gaming superapp. CARV has more than 2.5 million registered users and 700 integrated games. For more information users can visit here or stay in the loop here. Contact Cofounder & COO Victor Y. CARV vito@carv.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SANTA CLARA, US, April 30th, 2024/Chainwire/--**CARV, the modular data layer for gaming and AI, today announces the final approval of ERC-7231 – the protocol that establishes a revolutionary system of data self-sovereignty, empowering users to possess, manage, and contribute their information to both AI systems and data consumers, thereby enabling the equitable sharing of generated value. ERC-7231 ERC-7231 Ethereum Community greenlighting the standard is a major step in bridging disparate digital identities and enabling users to own their online history, relationships, and experiences across platforms. ERC-7231 binds multiple Web2 and Web3 identities to a single non-fungible token (NFT) and achieves encrypted aggregation of multi-domain identity data. The result is an “identity of identities” that enables self-authentication, social overlapping, and commercial value generation from targeted user data. “At long last, this solution breaks down identity silos, rewrites the rules of data ownership, and lays the foundation for a user-owned internet where individuals can have an equitable share in value distribution,” said CARV Co-Founder Victor Yu. “At long last, this solution breaks down identity silos, rewrites the rules of data ownership, and lays the foundation for a user-owned internet where individuals can have an equitable share in value distribution,” said CARV Co-Founder Victor Yu. ERC-7231 offers three important benefits at the dawn of Web3. First, the protocol’s integration with account abstraction wallets makes Web2 and Web3 onboarding (and therefore adoption) easier. Second, uniting multiple identities under one banner enables greater interoperability between different platforms and services. Third, users exercise unprecedented control over their data to decide how it’s used. If they opt to share this data, for example, users can passively earn whenever brands leverage their on-chain and off-chain identity information. Case in point: CARV ID is integrated with the standard and already empowering users to manage their digital presence across the gaming universe with ease and confidence. More than 900,000 CARV ID holders are playing their favorite games and earning rewards across CARV’s comprehensive ecosystem, which spans from its foundational data stack, its gaming-focused application layer, to the increasing list of games integrated with CARV ID. CARV ID CARV ID CARV has also developed an AI Agent in house, where more nuanced data can be scrapped in a privacy-preserving way and attributed to CARV ID. Entities building on CARV’s modular data layer, such as MARBLEX which recently just announced their strategic partnership with CARV, can tap into this rich data source for game and AI development. ERC-7231 is “the key to stringing everything together,” said Yu. strategic partnership strategic partnership Understanding gamers today is increasingly difficult due to app tracking changes (IDFA) and shifting privacy regulations (CCPA). With ERC-7231, users can not only aggregate, own, and control their identities, but gaming and AI companies can leverage this zero- and first-party data to create customized experiences and more accurately target gamers. For example, according to the company, improved user acquisition was the aim of Electronic Arts and its latest game, EA Sports FC Tactical, in Indonesia. Utilizing CARV as one of the primary channels for user acquisition, EA recently recruited Indonesian gamers for the beta test at a lower Cost Per Install (CPI) than traditional channels. Better yet, the game can better understand each gamer and their history thanks to ERC-7231’s aggregated data from multiple gaming accounts. “Backed by this standard, brands can shift and shape their offering with quality and compliant data, and users can share in the value creation from this information. We welcome all user identity solutions to adopt ERC-7231 and usher in a new age of identity-aggregated NFTs,” said Yu. About CARV CARV is the largest modular data layer for gaming and AI, revolutionizing how data is used and shared. CARV ensures privacy, ownership, and control are firmly in the hands of individuals and provides gaming and AI development with holistic and high-quality data reinforced with human feedback in a regulatory-compliant, trustless way. CARV CARV To pioneer a future where data generates value for all, CARV has built CARV Protocol, the modular data layer integrated with 40+ chain ecosystems, and CARV Play, its flagship gaming superapp. CARV has more than 2.5 million registered users and 700 integrated games. For more information users can visit here or stay in the loop here . visit here visit here here here Contact Cofounder & COO Victor Y. CARV vito@carv.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. here. here.

Ethereum Community Backs CARV’s NFT Standard For Value Redistribution Of Users In The AI Revolution

AI বিপ্লবে ব্যবহারকারীদের মূল্য পুনর্বন্টনের জন্য Ethereum সম্প্রদায় CARV-এর NFT স্ট্যান্ডার্ডকে সমর্থন করে

Die Ethereum-Community unterstützt den NFT-Standard von CARV zur Wertumverteilung der Benutzer in der KI-Revolution

La comunidad Ethereum respalda el estándar NFT de CARV para la redistribución de valor de los usuarios en la revolución de la IA

La communauté Ethereum soutient la norme NFT de CARV pour la redistribution de la valeur des utilisateurs dans la révolution de l'IA

एथेरियम समुदाय एआई क्रांति में उपयोगकर्ताओं के मूल्य पुनर्वितरण के लिए CARV के NFT मानक का समर्थन करता है

イーサリアムコミュニティがAI革命におけるユーザーの価値再分配のためにCARVのNFT標準を支持

Ethereum 커뮤니티는 AI 혁명에서 사용자의 가치 재분배를 위해 CARV의 NFT 표준을 지원합니다.

Comunidade Ethereum apóia o padrão NFT do CARV para redistribuição de valor dos usuários na revolução da IA

Сообщество Ethereum поддерживает стандарт NFT CARV для перераспределения ценностей пользователей в революции искусственного интеллекта

Ethereum Topluluğu, Yapay Zeka Devriminde Kullanıcıların Değerinin Yeniden Dağıtılmasına Yönelik CARV'nin NFT Standardını Destekliyor

Cộng đồng Ethereum ủng hộ tiêu chuẩn NFT của CARV để phân phối lại giá trị của người dùng trong cuộc cách mạng AI

以太坊社区支持 CARV 的 NFT 标准，用于人工智能革命中用户的价值重新分配

Unraveling the synergy between Web3 and blockchain, we delve into the transformative role of blockchain development companies in this new digital era. Understanding their capabilities and influence is crucial for navigating the rapidly evolving tech landscape. This article offers an in-depth exploration and insights, equipping you with the knowledge to identify and collaborate with the right partners for a future shaped by innovation and decentralization. blockchain Key Takeaways: The evolving role of blockchain development companies in shaping Web3. Impact of blockchain technology on various industries. Emerging trends and future prospects in blockchain development. In the ever-evolving landscape of technology, the concept of Web3 has emerged as a groundbreaking paradigm, reshaping how we interact with the digital world. At the forefront of this revolution are blockchain development companies, driving innovations that promise to redefine numerous sectors. This article delves into the burgeoning role of these companies in the Web3 era, inspired by the visionary insights shared and the practical wisdom offered by industry leaders like Chain Stack, TokenMinds, and Wagmi Labs. Why Blockchain Development Companies Are Crucial in the Web3 Landscape Blockchain technology, known for its decentralization, transparency, and security, is the backbone of Web3. It extends beyond cryptocurrencies, influencing sectors such as finance, healthcare, education, and more. Blockchain development companies are not just technology providers; they are architects of a new digital ecosystem. Their expertise in smart contracts, decentralized applications (dApps), and tokenization is pivotal in building the infrastructure of a decentralized internet. Innovations Spearheaded by Blockchain Developers Revolutionizing traditional finance by eliminating intermediaries, offering financial inclusivity, and ensuring transparency. Decentralized Finance (DeFi): Transforming the art and collectibles market, providing artists with more control and new revenue models. Non-Fungible Tokens (NFTs): Enhancing traceability and efficiency, reducing fraud, and ensuring authenticity. Supply Chain Management: Improving patient data privacy and enabling secure, decentralized medical record-keeping. Healthcare Data Management: For those looking to dive deeper into the realm of blockchain development, resources like a comprehensive or a blockchain development tutorial offer valuable insights and practical knowledge, paving the way for a better understanding and adoption of this groundbreaking technology. blockchain development guide The Impact of Web3 and Blockchain Technology on Various Industries The integration of blockchain technology by development companies is not just a technological upgrade; it's a paradigm shift affecting diverse sectors. Here's a closer look at how blockchain is revolutionizing various industries: Finance Blockchain development companies are catalyzing a significant transformation in the finance sector through Decentralized Finance (DeFi) platforms. These platforms are not just challenging but are poised to redefine conventional banking systems. By leveraging blockchain, DeFi offers more accessible, efficient, and transparent financial services. This includes peer-to-peer lending, automated insurance, and borderless banking. All of them without the need for traditional financial intermediaries. This democratization of finance is enabling greater financial inclusivity. It also empowers individuals with more control over their financial assets. Education Similar to the , blockchain's impact is akin to how the Metaverse is reshaping learning experiences. Blockchain brings unparalleled transparency and security to educational processes. It's enabling new models for distributing and verifying educational content and credentials. Imagine a world where academic records and achievements are immutably recorded, easily verifiable, and universally recognized. This not only streamlines administrative processes but also opens doors for innovative educational platforms where learners can securely store and share their achievements across borders. impact of the Metaverse on education https://www.youtube.com/watch?v=gyMwXuJrbJQ Healthcare In healthcare, blockchain development companies are revolutionizing the way we manage patient data. Secure and efficient management of medical records using blockchain technology helps bolster data security and privacy. Blockchain can track and verify the authenticity of medical products. It further helps manage pharmaceutical supply chains. We can also ensure the integrity of clinical trial data. Moreover, it empowers patients by giving them control over their medical data. It allows us to make more informed healthcare decisions. Retail The retail industry is also reaping the benefits of blockchain technology. With blockchain, retailers can achieve improved supply chain transparency, which is pivotal in an era where consumers demand to know the origin and journey of their purchased products. Anti-counterfeiting measures are enhanced as blockchain provides a tamper-proof record of product origins and handling. Furthermore, blockchain enables innovative customer loyalty programs, where loyalty points can be more securely managed and used in a more flexible manner, enhancing customer engagement and trust. Emerging Trends and Future Prospects of Web3 and Blockchain Development The momentum in the Web3 space is tangible. The global Web 3.0 blockchain market is a testament to this. It has expanded from in 2022 to an expected $3.25 billion in 2023. These numbers marked a significant compound annual growth rate (CAGR) of 42.8%. This upward trajectory is set to continue, with projections showing that the market could grow at a CAGR of from 2023 to the year of 2030. This remarkable growth is driven by the rising demand for data privacy and decentralized identity offered by Web 3.0, alongside ongoing advancements in internet technology​. $2.28 billion 47.1% Blockchain development companies are spearheading innovations across several key areas. They are working on interoperability to ensure seamless communication between diverse blockchain networks and scalability solutions to overcome transaction speed and volume limitations. These companies also integrate blockchain with Artificial Intelligence (AI) and the Internet of Things (IoT). It helps enhance smart contract functionality and enables advanced data-driven decision-making. These trends are crucial for the evolution and wider adoption of blockchain technology. Conclusion Blockchain development companies are playing a pivotal role in the unfolding Web3 revolution. Their contributions go beyond mere coding and technical development. They are shaping a future that is more transparent, decentralized, and fair. It becomes increasingly important to understand the significant influence these companies have across various industries. Their work in advancing blockchain technology is more than creating new tools and systems. They’re about laying the groundwork for a more interconnected, efficient, and equitable digital world. Keeping abreast of their innovations and the transformative changes they bring is essential for anyone looking to stay ahead in this dynamic technological landscape.

The Role Of Blockchain Development Companies In Web3

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