According to research conducted by NFT Club, about 4 million trees are necessary to offset CryptoKitties’ carbon emissions. The company looked at an NFT’s energy use during its lifetime to figure out how many trees would be needed to offset its emissions. It also took into account the number of top-selling collections. CryptoKitties has produced...

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A fresh impulse in the cryptocurrency market sees all of the top ten cryptocurrencies up by double digits in the ...

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The post Is The Dawn Of AI Finally Upon Us? appeared first on Blockonomi.

Nothing powers innovation like partnership. The coming together of like minds, a collaboration of projects with the same vision and in this case, to create a purposeful collaboration with the goal of redefining the metaverse experience. In recent news, OVR, a revolutionary augmented reality world, is partnering with Ethernaal, a decentralized organization redefining the tattoo [...]

The post OVR Announces Partnership with Ethernaal: Another Prominent BrandCollaboration in the Metaverse appeared first on Blockonomi.

It’s 2022, and industries from all over the world are beginning to wake up to decentralized technologies such as blockchain.

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Tallin, Estonia, Mar 19, 2022 - (ACN Newswire) - Viblos announces the launch of its decentralized social media project. Viblos is a next-generation decentralized social platform that aims to democratize social media networks in order to help consumers and content providers to build businesses and wealth. Viblos will move this vision forward by completing the following tasks:

• Giving creators control over their own work.
• Encouraging authors to create genuine content.
• Eliminating fake news by providing a content creation and consumption system that's verifiable and transparent.
• Enacting the right to erasure, which allows users to select whether or not their content should remain on

Over the past decade, many prominent social media platforms have progressed from being basic entertainment venues to becoming a cornerstone in many communities' way of life. Today, these websites are owned by a small number of major platforms that have complete control over the internet. While these platforms undoubtedly provide a respectable service to their consumers, the benefits they provide come at an exorbitant price that most users are unaware of. This is primarily due to the fact that the vast majority of users don't actually read through all of the terms and conditions when joining a social media network. In addition to disregarding consumer privacy, the algorithms and political inclination of these platforms are skewed when it comes to ranking content.

Sharing is a fundamental human experience and the rise of social networks has provided new opportunities to do so. Because of the intimate experiences that social networks provide, their membership has exploded in the last ten years. According to DataReportal, there were 4.33 billion active social media users in the world as of 2021. This equates to more than 55 percent of the worldwide population and more than 90 per cent of active internet users. Furthermore, according to recent figures, the average user spent more than two hours and 25 minutes on social media in 2020, which is an increase compared to the two hours and 22 minutes the year before.

At the same time, mobile phones are used by around 67 per cent of the world's population, with smartphones accounting for more than 75 per cent of all mobile devices. Because most mobile phone users access these platforms through their phones, the development of mobile devices has spurred the expansion of social networks. The increasing amount of time spent on these networks has opened up new chances for advertisers and other campaigns, as well as offered useful insights into user behavior. When social networks first began, they relied heavily on advertising and sales to make money.

How Are Blockchain and Decentralization Changing Traditional Social Media?

Here are the five primary hurdles that conventional social media networks must overcome:

• Unequal monetization strategy:According to Social Media Examiner, 3,500 advertising impressions (CPM) equals a measly US$8.75 per month for the content creator Some platforms don't compensate authors at all, or worse, stop monetizing them at all, simply because they express beliefs that are contrary to the platforms' political inclination.
• Privacy concerns:While most networks allow users to select how their information is shared with third parties, this doesn't sufficiently protect the users' privacy. Weak user passwords, which hackers and organizations may readily exploit, exacerbate the situation. According to Pew Research, nearly four out of ten social media users use the same password for multiple accounts.
• Government censorship:In most countries, social networks have essentially turned into public squares, and governments are taking a variety of measures to regulate them. Some administrations have used censorship to achieve their goals. Although users can circumvent prohibitions by using virtual private networks (VPNs), certain countries have cracked down on VPN services, making access to social media information impossible. Without access to social media, users in these nations become alienated as they are unable to communicate with their peers.
• Security:Data leaked from these platforms have recently appeared on the dark web, resulting in an increase in crimes such as credential stuffing. Mainstream social networks collect data directly from users (information about themselves) and indirectly from other users when they post information about their friends. As a result, these networks end up sharing information about members which they themselves would never reveal.

In order to empower and build their enterprises, Viblos also plans to create a common thread and communication channel between celebrities and influencers and their networks. Simply put, we're a go-to platform where your wants and goals, whatever they may be, can come true. Our mantra is "one minute is enough; everything is possible within Viblos".

To find out more about Viblos, visit https://www.viblos.com/.
Twitter: https://twitter.com/Viblos_platform
Telegram: https://t.me/vibloscommunity

Media Contact
Brand: Viblos
Contact: Juan Carlos Pérez Juárez
Email: [email protected]
Website: https://www.viblos.com

SOURCE: Viblos

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

What is the future of blockchain and cryptocurrency? That’s one of the most common questions on the minds of many crypto investors or enthusiasts. While many believe Bitcoin will become the world’s reserve currency, others predict privacy coins like Zcash will take over. But there may be another contender who could be one of the biggest blockchain technology breakthroughs. That is Algorand, an innovative platform based on proof-of-stake algorithm and security deposits. A Review of Smart Contracts What is a smart contract, really? It is a computer program that controls financial assets or property and executes exactly as programmed. It’s to digitally facilitate, verify or enforce negotiation or performance of an agreement. So, there is no need for a third party (like a bank). Essentially, the intention is to replace trust in humans with trust in code. But what does that actually mean for you and me in practice? How will smart contracts change everything for blockchain technology? How do we decide which ones are best for our own needs—whatever they may be? Let’s take a closer look at some potential use cases of blockchains when it comes to smart contracts. ​ One of the most useful applications of smart contracts in decentralized file storage. For example, suppose someone wants to store data on IPFS but can only commit small amounts of money at a time due to constraints set by their employer or university. A simple algorithmic script running on the blockchain allows them to store that piece of data on IPFS without actually owning any cryptocurrency while still gaining credit for other contributions made during their workday. In this way, everyone involved gets access to decentralized storage without needing any cryptocurrency​ themself! How does Algorand Work? Algorand is a new blockchain architecture that focuses on solving several problems that exist in existing blockchain models. The primary goal is to achieve security guarantees like those run by classical Byzantine fault-tolerant (BFT) consensus algorithms. However, unlike PBFT and Tendermint, Algorand requires just 16 nodes to agree on every block. Furthermore, it does not rely on third-party services to run its network. This implies that no single party may withhold service, disrupt processes, or manipulate results without majority consent. Simply put, there’s no way for a bad actor to take advantage of their position and tamper with data. Furthermore, each node validates all transactions locally and must decide on each one independently before acting. Even if an attacker temporarily controlled several of Algorand’s sixteen consensus participants, he would have minimal leverage. His ability to perform future transactions would be limited. He wouldn’t have access to information about prior transactions until they were recorded into blocks. Therefore, he would be unable to predict their effect on his reputation score reliably or otherwise corrupt them. The Problem with Bitcoin, Ethereum, and Other Cryptocurrencies The problem with cryptocurrencies is that they don’t scale. For example, Bitcoin currently carries out 7 transactions per second, while Ethereum can only handle 15. This means that you can’t support a truly global economy with either cryptocurrency as a foundation, not even on a regional level. Many other cryptos are attempting to fix scaling problems. However, few have gained enough popularity for their use cases even to matter yet. And if the use of cryptocurrencies isn’t widespread, how will businesses or governments fully use them? Or do we want them to make full use of them? Besides, all of these cryptocurrencies run off some form of blockchain technology. So there must be something better than blockchain technology for us to get true scalability and better usability. The Problems Algorand Identifies From Other Blockchains There are two core problems concomitant with today’s blockchain applications: scalability and security. Scalability is a matter of size related to how many transactions per second an application can handle. On the other hand, security is a big deal for financial institutions and companies who don’t want careless sharing or compromise in sensitive data. Traditionally, having multiple computers confirm every transaction addresses these issues. The idea is to create redundancy by dividing those transactions among several devices rather than one mega computer. Then, if something goes wrong on one device (or gets hacked), others pick up where that device left off. That strategy has some pretty serious limitations, though. First, because everyone needs to process every transaction, scalability remains on a tight leash no matter how many computers you add-in. Another issue is that only one group can process all those transactions. It’s not very private when everyone knows exactly what everyone else is doing. And finally, there’s latency or lag time. As more people join a network, it takes longer for your transaction to appear as part of that network. This is because each computer must first verify everything before adding its approval on top of everything else. That makes … Continued

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