algorithms

South Korea’s Largest Crypto Unveils New Consensus Algorithm

Source Node: https://cointelegraph.com/news/south-koreas-largest-crypto-unveils-new-consensus-algorithm
Time Stamp: April 8, 2020 8:02 PM - Modified On: May 21, 2021 - Published By:
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South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8.The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without compromising security.Innovation reduces network load and improves throughputThe LFT 2.0 white paper was published on today been published on Github, following three years of research and development. It marks the first time that a South Korean team has successfully innovated on this element of blockchain

Japan Launches Digital Court Based On Blockchain Technology

Source Node: https://insidebitcoins.com/news/japan-launches-digital-court-based-on-blockchain-technology/256821
Time Stamp: April 8, 2020 5:09 AM - Modified On: May 21, 2021 - Published By:
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Researchers across the globe have come together and developed a digital court system based on blockchain technology. The court itself will be used in cases like auctions, sales, contracts, as well as other civil matters, at least for a start. The digital court will identify then punish individuals who have deviated from their respective legal obligations.New Courtrooms Are DigitalProfessor Hitoshi Matsushima, coming from the University of Tokyo, led the project alongside Shunya Noda, from the University of British Columbia. Through the press release, the Japan and Canada-based researchers explained that

15 Tips to Write Better Smart Contracts

Source Node: https://medium.com/better-programming/15-tips-to-write-better-smart-contracts-abba3e94ddf2?source=rss-------8-----------------cryptocurrency
Time Stamp: April 6, 2020 6:17 PM - Modified On: May 21, 2021 - Published By:
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Functions should be concise and self-explanatory. Any functions which look too large, or perform nested loops or recursion should be revisited. More computation means more gas, meaning it costs more to perform those functions.Consider off-chain computing to take some load off your blockchain application. For example, decentralised exchanges use off-chain order filling algorithms to fill orders, since the algorithm is quite complex. Once an order is filled, the settlement is performed on the blockchain.If reducing complexity is too difficult, consider the possibility that blockchain may not be the ideal solution

Evolution of‘Payments’ Will Bolster Next-Generation Businesses

Source Node: https://medium.com/datadriveninvestor/evolution-of-payments-will-bolster-next-generation-businesses-f670ff793f80?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 9:36 AM - Modified On: August 29, 2021 - Published By:
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Humans have always been on a developmental journey. When we are born into thousands of years of inventions and improvements, it’s easy to take for granted what’s around us— as if they always existed. We seldom think about the changes it took to get to where we are.Take for example, the creation of language and how that opened up a new course in human history. How it led to communication, collaboration, communities and organizations. From there, people organized a set of doctrines and came up with story-telling, a precursor to