Bit.Country

bitcountry

The coming of the metaverse and Web3 is widely billed as the next Internet revolution, but the promise of immersive cyberspace is no longer just a fantasy. Even though a consistent definition of the metaverse still escapes us, most agree that it represents a network of virtual, 3D worlds powered to some extent by augmented and virtual reality to build digital economies and social connections. The lure of the metaverse is so strong that Facebook’s parent company Meta recently committed $10 billion towards building its own take on the idea. The likes of The Sandbox and Decentraland meanwhile have already made strong progress with their own, decentralized metaverses built on the Ethereum blockchain. They might be the biggest names in the metaverse space but they’re far from the only players aiming to fulfill Web3’s destiny. Of the many competing metaverses that have been attracting attention, two, in particular, stand out: , which is the first native metaverse built on the Polkadot blockchain Bit.Country , one of the most popular online games platforms in the world that boasts over 40 million daily active users and hundreds of immersive, user-generated 3D worlds. Roblox What is The Bit.Country Metaverse? Trying to set itself apart from rivals such as The Sandbox and Decentraland, Bit.Country bills itself as the platform for everyone to come and create their own metaverse by building an immersive 3D world complete with a map, games, stores, economics, and governance. Bit.Country is built atop of the , defined as a metaverse version of the Ethereum blockchain with lower gas fees. Metaverse.Network It was built using the framework on top of the . Substrate Polkadot ecosystem On Bit.Country anyone can use the platform to invest in their own virtual world, complete with an economy based on cryptocurrency that rewards anyone who visits and spends time within it. Brands who build or launch decentralized apps on Bit.Country can use them as a medium (a kind of app store) to interact with visitors and showcase just about any kind of product or service and make sales on the platform. Individuals can build their own metaverses too for their friends, family or followers, with full control over the worlds they intend to create. What is The Roblox Metaverse? The Roblox metaverse is a rising phenomenon that has seen multiple brands leverage the Roblox development engine to build games encompassing promotions that overlap with the real world. Most brands within the Roblox metaverse design games that promote real-life products and events. For example, a movie producer might build a game that advertises an upcoming film and perhaps, also promote other brands outside of the entertainment industry that it partners with. This has resulted in Roblox seeping into mainstream culture, working with brands such as Nike and franchises such as Stranger Things. Roblox has also incorporated these brands' products and worlds into various immersive games. How to Build on Bit.Country Building a metaverse on Bit.Country is open to anyone at all, though it must be noted that the virtual land within its Continuum is not infinite and is in high demand. The can be thought of as a map of metaverses, or bit countries, with a limited number of blocks that represent each one. Continuum While the future shape of the Continuum will be driven by Bit.Country’s community, there is a total supply of 100,000 land blocks available, so there can only be that many bit countries. Within each land block, the virtual space is subdivided into 100 land units, where individual buildings and environments are based. A group of land units is known as an “estate”. Each bit country is represented by a small block in the Continuum with a unique coordinate. This block represents the essence of the community and is home to all of the content within that individual metaverse. The land units within each one can be independently owned, bought and sold on third-party marketplaces, represented by an NFT. Within each land unit, the owner (landlord) is able to build assets, sell products and services, display NFTs and host events - pretty much anything they can think of, in fact. Bit.Country is a fully decentralized metaverse which means landlords have complete freedom to customize their land units. They can use predetermined block themes provided by Bit.Country or by third-party developers, then decide on the features and images, style of the ground and walls of the buildings, the size and shape of the block and much more. The idea is that each block should be based on a topic, with whatever content is built inside corresponding to that topic. Visitors to the Bit.Country Continuum are free to visit any of the blocks they wish and explore all the lands within them, interacting with other visitors and events. To acquire a new block and start building, budding landlords will have to purchase it at an auction. Bear in mind however that the “Good Neighborhood Protocol” gives existing block owners a say in what neighbors they’d like to have, so they can avoid having a bit country with inappropriate content located close to their own. Once a landlord has built up his own block, he or she can create or import another cryptocurrency that can be used to buy products and services and incentivize others to participate within the community and its governance. Landlords have full autonomy to decide upon the incentive rules, which might involve creating content for the metaverse, hosting events or something else. It’s worth mentioning that Bit.Country’s official NUUM cryptocurrency token and NFTs are a critical element of its metaverse. NUUM is not only used to buy items but also as a governance token. Users can mint their own NFTs on the platform and exhibit them in virtual galleries. They can also be traded through the Bit.Country NFT marketplace, which is a decentralized auction platform. How to Build on Roblox Roblox’s concept of the metaverse is quite a bit different from the more typical model followed by Bit.Country. As a games development platform, Roblox’s virtual worlds are basically all a kind of video game, in which players must complete various tasks to win in-game items. For instance, The Nikeland game built by none other than Nike involves players competing in various sports activities such as racing. If the player wins a race they get to unlock exclusive Nike-themed items that can be used to customize their avatar with branded clothing. Another example is Stranger Things, which built a carbon 3D copy of the Starcourt Mall that featured so prominently in Season Three of the hit show. Players get to run around the shopping center, exploring various locations seen in the show and collecting various themed items and hats. Building a game on Roblox is actually fairly simple thanks to the comprehensive power of its development platform that’s based on the Lua scripting language. Roblox Studio Roblox Studio provides hundreds of “templates” for different game genres, be it platform games, shoot ‘em ups, racing games, driving games, etc. For instance the Line Runner template is perfect for anyone wanting to create a Super Mario style side-scrolling platform game. The next step is to design the graphics and layout or map, depending on the game genre. Then the characters, monsters and obstacles, items, weapons and so on. It’s at this stage where designers get to brand their game, adding their logo in various locations within the game’s world, or creating branded items etc. PC Mag has an excellent on how to build a Roblox game from scratch. step-by-step walkthrough Which Metaverse Is Better? While Roblox allows anyone with minimal skills to build their own game-based virtual world, the potential audience of that metaverse is likely restricted to games players only. Still, there are monetization opportunities available. A recent example is the Pet Simulator X title, which has started selling themed NFTs on its platform. That said, most metaverses on the platform do not take advantage of this capability yet and remain focused on advertising brands only. No doubt, that’s partly due to the lack of an official Roblox cryptocurrency. Bit.Country, on the other hand, is designed to create an entirely new level of social interaction through a platform that offers a lot more than just game experiences alone. Brands, celebrities and individuals can build their metaverse entirely as they wish, creating any kind of immersive 3D experience their imagination comes up with, along with hosting events and stores to sell any kind of product or service. At present, Bit.Country is the only fully decentralized network that enables brands to build their own metaverse that comes complete with governance and a token economy. Best of all, perhaps, it means brands and celebs can get much closer to their fans by building an immersive world as they see fit, eliminating the need to rely on existing social media sites and apps like they do now.

Bit.Country vs Roblox: A Look at 2 Promising Metaverses

195 Stories To Learn About Play To Earn

A Short History of the World, by H. G. Wells, is part of the HackerNoon Books Series. You can jump to any chapter in this book here . THE TEACHING OF JESUS THE TEACHING OF JESUS It was while Augustus Cæsar, the first of the Emperors, was reigning in Rome that Jesus who is the Christ of Christianity was born in Judea. In his name a religion was to arise which was destined to become the official religion of the entire Roman Empire. Now it is on the whole more convenient to keep history and theology apart. A large proportion of the Christian world believes that Jesus was an incarnation of that God of all the Earth whom the Jews first recognized. The historian, if he is to remain historian, can neither accept nor deny that interpretation. Materially Jesus appeared in the likeness of a man, and it is as a man that the historian must deal with him. He appeared in Judea in the reign of Tiberius Cæsar. He was a prophet. He preached after the fashion of the preceding Jewish prophets. He was a man of about thirty, and we are in the profoundest ignorance of his manner of life before his preaching began. Our only direct sources of information about the life and teaching of Jesus are the four Gospels. All four agree in giving us a picture of a very definite personality. One is obliged to say, “Here was a man. This could not have been invented.” But just as the personality of Gautama Buddha has been distorted and obscured by the stiff squatting figure, the gilded idol of later Buddhism, so one feels that the lean and strenuous personality of Jesus is much wronged by the unreality and conventionality that a mistaken reverence has imposed upon his figure in modern Christian art. Jesus was a penniless teacher, who wandered about the dusty sun-bit country of Judea, living upon casual gifts of food; yet he is always represented clean, combed and sleek, in spotless raiment, erect and with something motionless about him as though he was gliding through the air. This alone has made him unreal and incredible to many people who cannot distinguish the core of the story from the ornamental and unwise additions of the unintelligently devout. We are left, if we do strip this record of these difficult accessories, with the figure of a being, very human, very earnest and passionate, capable of swift anger, and teaching a new and simple and profound doctrine—namely, the universal loving Fatherhood of God and the coming of the Kingdom of Heaven. He was clearly a person—to use a common phrase—of intense personal magnetism. He attracted followers and filled them with love and courage. Weak and ailing people were heartened and healed by his presence. Yet he was probably of a delicate physique, because of the swiftness with which he died under the pains of crucifixion. There is a tradition that he fainted when, according to the custom, he was made to bear his cross to the place of execution. He went about the country for three years spreading his doctrine and then he came to Jerusalem and was accused of trying to set up a strange kingdom in Judea; he was tried upon this charge, and crucified together with two thieves. Long before these two were dead his sufferings were over. The doctrine of the Kingdom of Heaven, which was the main teaching of Jesus, is certainly one of the most revolutionary doctrines that ever stirred and changed human thought. It is small wonder if the world of that time failed to grasp its full significance, and recoiled in dismay from even a half apprehension of its tremendous challenges to the established habits and institutions of mankind. For the doctrine of the Kingdom of Heaven, as Jesus seems to have preached it, was no less than a bold and uncompromising demand for a complete change and cleansing of the life of our struggling race, an utter cleansing, without and within. To the gospels the reader must go for all that is preserved of this tremendous teaching; here we are only concerned with the jar of its impact upon established ideas. The Jews were persuaded that God, the one God of the whole world, was a righteous god, but they also thought of him as a trading god who had made a bargain with their Father Abraham about them, a very good bargain indeed for them, to bring them at last to predominance in the earth. With dismay and anger they heard Jesus sweeping away their dear securities. God, he taught, was no bargainer; there were no chosen people and no favourites in the Kingdom of Heaven. God was the loving father of all life, as incapable of showing favour as the universal sun. And all men were brothers—sinners alike and beloved sons alike—of this divine father. In the parable of the Good Samaritan Jesus cast scorn upon that natural tendency we all obey, to glorify our own people and to minimize the righteousness of other creeds and other races. In the parable of the labourers he thrust aside the obstinate claim of the Jews to have a special claim upon God. All whom God takes into the kingdom, he taught, God serves alike; there is no distinction in his treatment, because there is no measure to his bounty. From all moreover, as the parable of the buried talent witnesses, and as the incident of the widow’s mite enforces, he demands the utmost. There are no privileges, no rebates and no excuses in the Kingdom of Heaven. EARLY IDEAL PORTRAIT, IN GILDED GLASS, OF JESUS CHRIST IN WHICH THE TRADITIONAL BEARD IS NOT SHOWN But it is not only the intense tribal patriotism of the Jews that Jesus outraged. They were a people of intense family loyalty, and he would have swept away all the narrow and restrictive family affections in the great flood of the love of God. The whole kingdom of Heaven was to be the family of his followers. We are told that, “While he yet talked to the people, behold, his mother and his brethren stood without, desiring to speak with him. Then one said unto him, Behold, thy mother and thy brethren stand with THE ROAD FROM NAZARETH TO TIBERIAS Photo: Fannaway And not only did Jesus strike at patriotism and the bonds of family loyalty in the name of God’s universal fatherhood and brotherhood of all mankind, but it is clear that his teaching condemned all the gradations of the economic system, all private wealth, and personal advantages. All men belonged to the kingdom; all their possessions belonged to the kingdom; the righteous life for all men, the only righteous life, was the service of God’s will with all that we had, with all that we were. Again and again he denounced private riches and the reservation of any private life. DAVID’S TOWER AND WALL OF JERUSALEM Photo: Fannaway “And when he was gone forth into the way, there came one running, and kneeled to him, and asked him, Good Master, what shall I do that I may inherit eternal life? And Jesus said to him, Why callest thou me good? there is none good but one, that is God. Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Defraud not, Honour thy father and mother. And he answered and said unto him, Master, all these things have I observed from my youth. Then Jesus beholding him loved him, and said unto him, One thing thou lackest; go thy way, sell whatsoever thou hast, and give to the poor, and thou shalt have treasure in heaven; and come, take up the cross, and follow me. And he was sad at that saying, and went away grieved; for he had great possessions. A STREET IN JERUSALEM Along such a thoroughfare Christ carried his cross to the place of execution Photo: Fannaway “And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the Kingdom of God! And the disciples were astonished at his words. But Jesus answered again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the Kingdom of God! It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the Kingdom of God.” [ ] 2 Moreover, in his tremendous prophecy of this kingdom which was to make all men one together in God, Jesus had small patience for the bargaining righteousness of formal religion. Another large part of his recorded utterances is aimed against the meticulous observance of the rules of the pious career. “Then the Pharisees and scribes asked him, Why walk not thy disciples according to the tradition of the elders, but eat bread with unwashen hands? He answered and said unto them, Well hath Isaiah prophesied of you hypocrites, as it is written, “This people honoureth me with their lips, “But their heart is far from me. “Howbeit in vain do they worship me, “Teaching for doctrines the commandments of men. “For laying aside the commandment of God, ye hold the tradition of men, as the washing of pots and cups: and many other such things ye do. And he said unto them, Full well ye reject the commandment of God, that ye may keep your own tradition.” [ ] 3 It was not merely a moral and a social revolution that Jesus proclaimed; it is clear from a score of indications that his teaching had a political bent of the plainest sort. It is true that he said his kingdom was not of this world, that it was in the hearts of men and not upon a throne; but it is equally clear that wherever and in what measure his kingdom was set up in the hearts of men, the outer world would be in that measure revolutionized and made new. Whatever else the deafness and blindness of his hearers may have missed in his utterances, it is plain they did not miss his resolve to revolutionize the world. The whole tenor of the opposition to him and the circumstances of his trial and execution show clearly that to his contemporaries he seemed to propose plainly, and did propose plainly, to change and fuse and enlarge all human life. In view of what he plainly said, is it any wonder that all who were rich and prosperous felt a horror of strange things, a swimming of their world at his teaching? He was dragging out all the little private reservations they had made from social service into the light of a universal religious life. He was like some terrible moral huntsman digging mankind out of the snug burrows in which they had lived hitherto. In the white blaze of this kingdom of his there was to be no property, no privilege, no pride and precedence; no motive indeed and no reward but love. Is it any wonder that men were dazzled and blinded and cried out against him? Even his disciples cried out when he would not spare them the light. Is it any wonder that the priests realized that between this man and themselves there was no choice but that he or priestcraft should perish? Is it any wonder that the Roman soldiers, confronted and amazed by something soaring over their comprehension and threatening all their disciplines, should take refuge in wild laughter, and crown him with thorns and robe him in purple and make a mock Cæsar of him? For to take him seriously was to enter upon a strange and alarming life, to abandon habits, to control instincts and impulses, to essay an incredible happiness. . . . [ ] Matt. xii, 46-50. 1 [ ] Mark x, 17-25. 2 [ ] Mark vii, 1-9. 3 About HackerNoon Book Series: We bring you the most important technical, scientific, and insightful public domain books. This book is part of the public domain. H. G. Wells (2011). A Short History of the World. Urbana, Illinois: Project Gutenberg. Retrieved October 2022, from https://www.gutenberg.org/files/11870/11870-h/11870-h.htm This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org , located at https://www.gutenberg.org/policy/license.html .

THE TEACHING OF JESUS

For the 28th part of Unhashed, I reached out to Emma Cui, Founding Partner & Chief Executive Officer of , and discussed the various aspects of VC funding in the web3 space. LongHash Ventures Hi Emma! Welcome to Unhashed. What is your career story, how did you venture into the crypto space, and what led you to work on LongHash Ventures? I first bought Ether in early 2016. I joined crypto full-time in late 2017 when my co-founder Shi Khai, whom I met at McKinsey, and I decided to launch LongHash Ventures together in Singapore. We started as a Web3-focused accelerator, which has now grown into a leading Web3 early-stage VC fund and accelerator in Asia. From day 1, the values that Web3 stands for –  transparency, true ownership of data and assets enabled by distributed ledger technology and cryptography, trustless and permissionless exchange of assets – resonated strongly with us. We want to build LongHash Ventures into a platform that not only invests in the future of Web3 but also venture-builds and value-adds to projects in a Web3 native way. Crypto and Web3 startups drew nearly $32 billion in funding from the VC market last year. Can you explain this sudden surge of interest for the web3 space and what key factors do you think are driving VCs to invest in this space? The Web3 revolution started in 2008 when Bitcoin was first invented. Since then, we’ve been through a few cycles of boom and bust, whereby each cycle brings in new innovation, more adoption and a clearer understanding of what Web3 could be. So I wouldn’t call it a sudden surge of interest. The factors driving this wave of adoption are: Real use cases have emerged: Defi, GameFi, Metaverse, NFTs, etc. Each vertical has brought in a diverse set of users, investors, and stakeholders. The underlying technology has matured: Various layers across the entire Web3 stack matured at rapid speed. Layers 0/1/2, middleware, marketplaces - they have all come a long way. Traditional players started to adopt/invest in this space: For instance, El Salvador has made Bitcoin legal tender, and traditional and Web3 native VCs have raised billions of dollars to allocate to the space. Okay! A slightly controversial question here. Jack Dorsey, the former CEO of Twitter, said last year that when VCs are involved, Web3 cannot truly belong to its users. What is your opinion on this? I don’t agree with Jack Dorsey’s view. Decentralization is a journey and I don’t think we are even close to the end. Compared to the Web2 model, where ownership of startups remains within a small circle of insiders (team and VCs) until they become publicly listed, Web 3 model has given the retail and the community an incredible opportunity to participate and gain ownership of the projects that they use and like early on. And this ownership doesn’t have to be obtained through capital contribution. It can be earned via proof of contribution. For example, users contribute to the early liquidity pool of a decentralized exchange, or test out the product and provide feedback, or spread the word and attract other users. Blockchain networks are essentially permissionless, allowing any developer to build and launch projects on their own. So, in this context, what do you think is the importance of accelerators in web3? Are they pivotal to the success of emergent startups? I think Web3 calls for a different breed of accelerators. They are of paramount importance to a protocol’s success because they focus on bootstrapping the ecosystem for the protocol’s growth in its early days. At LongHash Ventures, we invest in the underlying protocol token, accelerate early-stage projects and bootstrap the ecosystem. We actively participate in governance and take a long-term view to support the growth of the ecosystem. A specific example is our involvement with the Polkadot ecosystem since 2019: We invested in Polkadot’s private sale in 2019 and subsequently partnered with Parity to launch the first Polkadot accelerator (we had Polkascan, Polkawallet, and Plasm/Aster come through the program) We invested in >10 Polkadot/Substrate projects including Acala, Astar, Manta, Unique Network, Bit Country, Composable, and Zeitgeist We committed >1M  DOT and >100k KSM tokens for Parachain Crowdloans for Acala, Moonbeam, Astar, Kilt, Bit Country, Centrifuge, Composable, and others We have authored and produced thought leadership on Polkadot through Medium articles and through our Web 3 Native podcast We have spoken at Polkadot events (DotCon 2019, Polkadot Singapore meetup, Polkadot Decoded) and hosted folks from the ecosystem at our accelerator in Singapore (including Gavin Wood and Bjorn Wagner) We’ve also supported the Filecoin ecosystem in a similar way and now are looking to expand the relationship with the Cosmos ecosystem and a number of other upcoming protocols. Can you also share insights into LongHash Ventures? What kind of projects are you focused on building and how has your journey been so far? We focus on building and investing in projects that are Web3 native, in a sense that these projects have unique business models that are not possible with Web2 technologies. They leverage the unique advantages that Web3 has to offer, such as on-chain digital ownership, tokenomics, and community governance. At this point, we are particularly interested in multi-chain infrastructure across the key verticals that we are bullish on, such as DeFi, GameFi, Metaverse, NFT and DAO. We also place a lot of focus on vision-driven founders. Speaking of compelling projects, what innovations do you think will define the transition towards web3 and a more open social and financial infrastructure? I think what defines Web3 is a fundamentally more equitable ownership structure and open/permissionless participation. We look forward to seeing more innovations around below key areas so that today’s internet population can be onboarded to Web3 en masse. Scalable and secure basic layers Better UI/UX for retail users to gain access to Web3 services without realizing they are Web3 services Privacy solutions that can protect users from being tracked on-chain Lastly, is there any advice that you would like to share with new crypto and DeFi investors? Do your own research and participate actively in the projects that you have invested in, which means trying out the product, immersing yourself in the community, and talking to the founding team to understand their vision (most founders are actually very friendly and approachable!). Additionally, understand that crypto is a risk asset and manage your exposure accordingly. Disclaimer: The sole purpose of Unhashed is to unhash (decode) information about projects innovating using blockchain and cryptocurrencies and share it with the community. The does not have any vested interest in any of the projects covered herein. Not that this article shares any, but still, taking investment advice from strangers on the internet is not a wise thing to do. writer

Ownership in Web3 Needn't be Obtained Through Capital Contribution - Unhashed #28

Parachains are individual blockchains that work alongside the main blockchain in the Polkadot ecosystem. Each parachain has its niche and transactions are settled on the parachains network, preventing the main Polkadot blockchain from becoming congested. Projects that aim to become a Parachain on the Polkadot network must win a parachain slot auction, through a “crowd loan” process. Crowd loans enable supporters to temporarily loan out their DOT to assist their project of choice in winning the auction. In this post, we’ll look at five innovative Polkadot parachain projects. 1. Centrifuge is a decentralized finance (Defi) lending protocol that promises to make loans more accessible to small enterprises while also providing investors with a predictable income by bringing pooled liquidity into the conventional finance market. Centrifuge The protocol is based on Parity Substrate, a framework for building distributed blockchain systems on the Polkadot and Kusama networks. The platform’s decentralized application Tinlake is a marketplace for tokenized real-world assets where users can issue NFTs as collateral for loans, allowing them to acquire liquid cash from lenders. In exchange, investors can use standard business financing methods to get a more predictable return on their investments and protect themselves from the volatile nature of cryptocurrency markets. The platform is powered by the Centrifuge token (CFG), which offers blockchain security while also enabling holders to pay transaction fees, stake assets, and participate in the governance of Centrifuge. 2. Bit.Country is a platform that allows users to build 3D worlds, they can also build games and apps to be accessed within that world. The protocol aims to develop various degrees of social engagement across typical social media platforms and 3D virtual worlds such as Decentraland. The platform also aims to integrate virtual reality (VR) into its ecosystem. Users will be able to create their own NFT galleries, complete with markets, tokens, and community governance. Bit.Country Users may create their little virtual nation, which is a Bit.Country map with a finite amount of points. Its eventual form will be entirely determined by the members of the community. To encourage individuals to contribute to the community, land owners will be able to create or import their own tokens. Members of the community can use these funds to buy assets, pay for services, and even participate in community governance. Landowners set the incentive guidelines, which might take many different forms (content creating, holding events, shares, etc). 3. Acala is a cross-chain decentralized finance initiative that aims to become a Defi center for the Polkadot ecosystem as a whole. In addition to DOT-based assets and derivatives, the Acala platform offers a Polkadot native decentralized stablecoin, as well as liquid staking alternatives for DOT (LDOT) and interoperability with the Ethereum virtual machine EVM, among other features. Acala Acala is made up of two basic protocols. The first is the Honzon System, a decentralized stablecoin protocol that enables the minting of the Acala dollar, or aUSD, a digital asset collateralized US dollar stablecoin. The second protocol is Homa, a tokenized staking liquidity protocol that allows Defi protocols built on Polkadot to utilize a tokenized form of staked DOT called LDOT. Acala has also created a cross-chain DEX that will include wrapped assets like renBTC that can be used as collateral to mint a USD stablecoin, which I think is amazing. If you've already tried searching it up on CoinMarketCap or CoinGecko, the platform's native utility token is ACA. There's a good chance you didn't discover anything. 4. Moonbeam is a blockchain network in the Polkadot ecosystem that is developing a smart contract platform. Moonbeam's purpose is to combine the scalability and interoperability of Polkadot with the previously known set of tools for Ethereum smart contract development. Moonbeam Moonbeam provides a platform where Ethereum developers can move their Ethereum-based dapps to the Polkadot ecosystem. Developers can also build new applications using development tools they are already acquainted with, by offering full implementation of the Ethereum Virtual Machine (EVM). Decentralized apps on the Moonbeam platform benefit from the Polkadot Relay Chain's security whilst being able to interact with the other parachains linked to the Polkadot Relay Chain. Glimmer (GLMR) is the Moonbeam project's cryptocurrency, and it works similarly to ETH on the Ethereum network. On Moonbeam, GLMR is utilized for transactions and smart contract execution. However, GLMR is also utilized for staking and on-chain governance. 5. Efinity is a blockchain network created by the Enjin team. The project's purpose is to provide a platform for minting, transferring, and trading NFTs that is both efficient and scalable. The Efinity team anticipates that the platform will be able to process transactions per second, with each transaction validated in roughly 6 seconds. Efinity 700 to 1,000 Efinity will have a built-in NFT marketplace, allowing users to trade NFTs with one another in a decentralized manner. The protocol also has cross-chain bridges that make it easier for NFTs on other blockchains to migrate over to the Efinity network. The platform has a native token called EFI, which is used to pay transaction fees, staking, governance, and rewarding users to keep the network up and running. In Efinity's NFT marketplace, EFI will be utilized as a currency. Conclusion In this post, we looked at five different Polkadot parachain projects and their uses. Polkadot aims to support up to 100 parachains so in time we may see many more innovative blockchains that are connected within the Polkadot ecosystem.

5 Polkadot Parachains to Look Out for in 2022

Hackers rejoice! Here we are with the winners for the month of March! #Decentralized-Internet writing contest For those who are reading about it for the first time, the Decentralized Internet Contest has just got BIGGER and BETTER! HackerNoon is excited to host a Decentralized Internet Writing Contest in collaboration with ! Here’s your chance to win money from a whopping monthly prize pool. You can write about anything related to decentralized internet - it could be the exciting new updates you know about or your opinion piece on them. QuickNode 5,000 USDT Here's how you can participate: on HackerNoon Set up an account the Check out Decentralized Internet Writing Competition's rules and submit it with as one of the tags Pen your story #Decentralized-Internet How do we shortlist the best stories? First, we picked all the stories on HackerNoon, published in March. Then we picked the top 10 stories, using 60:30:10 weightage respectively, to: tagged with #Decentralized-Internet Number of hours read The number of people reached The freshness of the content Here is the list of our top 10 contenders: by 5 Exchanges Where You Can Trade Crypto Options @Cryptonite by 10 Affordable NFT Projects You Should Know About In 2022 @Cryptonite by RichQUACK Aims to Combat Inflation via Token Burns & Staking @Cryptonite by The Fascinating Science of the Dollar @kameir by 10 Best No-Code NFT Avatar Creators @aasif-khan by The Decentralized Web is Here to Stay @mariopizzilano by Bit.Country vs Roblox: A Look at 2 Promising Metaverses @Cryptonite by Dear Professor: Your Opinion on Crypto Sucks, Warm Regards @abhijoysarkar by How I Used Reddit and Crypto to Make $15,000 Doing Amateur NSFW Private Shows! @AR by Curators Will Play a Major Role in Fostering Art NFTs — Here’s Why @montyatsaatchi Winners! We created a poll in HackerNoon's writing contest channel and asked the editors to vote. This time, it took us a week to decide on our favorite stories. In the first place, we have by The Fascinating Science of the Dollar @kameir To evaluate a potential central bank digital currency, the Board of Governors of the Federal Reserve System published a document in January 2022 titled . The paper purports to summarize the current state of domestic payments systems, and further discuss the different types of digital payment methods and assets that have emerged in recent years, including stablecoins and other cryptocurrencies. The authors have requested feedback via an online form that poses more than twenty-two questions due by May 20th, 2022. Money and Payments: The U.S. Dollar in the Age of Digital Transformation Since meaningful responses require more than the five-thousand characters allowed by the twenty field - and some sections actually contain more than one question, we are publishing thoughts and observations on it here instead, while further addressing some of the shortfalls in the framing and positioning of the paper, and a consequent request for comment. response form Congratulations @kameir, you have won 2,500 USDT! by has won the second place Dear Professor: Your Opinion on Crypto Sucks, Warm Regards @abhijoysarkar Sir, congratulations again on the work anniversary! Privileged to have taken your course. You taught us to read more and explore with an open mind. Thank you. Over the last few years, I have tried to do just that: explore with an open mind. It has led me to the wonderful world of Web3. Hence, after reading your opinion piece about cryptocurrencies, I felt slightly troubled. Unfortunately, I cannot agree with some of the views stated there. Loved your story, @abhijoysarkar! You have won 1,500 USDT​ In the third place, we have by Curators Will Play a Major Role in Fostering Art NFTs — Here’s Why @montyatsaatchi I wholeheartedly believe that curation does have an important role in the space. The industry will not only need artists to create NFTs and collectors to purchase them, but it also needs curators to help develop and foster talent, and guide buyers towards finding the next work to add to their collection. A curator can also help society better understand what art NFTs are, and provide insight into an individual work’s value and meaning within the context of this historic art movement. Yay @montyatsaatchi, You have won 500 USDT​. The story that got the highest number of reads this month is by 5 Exchanges Where You Can Trade Crypto Options @Cryptonite As more institutional investors come into the crypto space, exchanges offering derivatives trading will be crucial for the continued growth of the crypto market. @Crptonite keep those awesome stories coming! You have won 500 USDT. Congratulations to all the Winners! We will contact the winners soon! Keep an eye on to keep up with all the writing contests. contests.hackernoon.com

The Decentralized Internet Writing Contest 2022: March Results Announced

Concurso de redacción de Internet descentralizado 2022: se anuncian los resultados de marzo

Concours d'écriture Internet décentralisé 2022 : résultats de mars annoncés

विकेन्द्रीकृत इंटरनेट लेखन प्रतियोगिता 2022: मार्च परिणाम घोषित

分散型インターネット ライティング コンテスト 2022: 3 月の結果発表

Concurso de redação de Internet descentralizada 2022: resultados de março anunciados

Cuộc thi viết trên Internet phi tập trung 2022: Kết quả tháng 3 được công bố

2022 年去中心化互联网写作大赛：公布 3 月结果

Abstract The ecosystem of games based on Blockchain technology is enjoying stellar growth. A in large numbers in the ecosystem. broad array of gaming models, from metaverses to games focused on play-to-earn mechanics, are found today The Covid-19 pandemic has accelerated growth in this sector, . If we add to this the growing flow of activity, user numbers and market volume in decentralized applications (dApps) focused on gaming, the outlook looks quite promising. which according to Newzoo should grow at an annual rate of approximately 9% in the coming years While blockchain-based gaming platforms are fun and use incentive mechanisms (each its own approach) that manage to attract new audiences to the ecosystem, more technological progress is required to achieve mainstream adoption. Top 5 NFT Collections on a Blockchain Ecosystem . This year, the games sector surpassed DeFi in the number of users and transaction volume. And most of these applications will become part of the "games" sector. Ethereum currently has the largest ecosystem of decentralized applications, according to data from , with +84% dominance over TVL in billions of dollars DappRadar However, because of the scalability limitations of Ethereum, non-user friendly UI/UX interfaces and other shortcomings resulting from the rigid architecture and rather limited programming language, newbies and outsiders to blockchain technology are hesitant to make use of these decentralized platforms. As a consequence, , sometimes preferring to risk security and centralization over decentralized ownership, due to the natural resistance to complex and inefficient user interfaces. many end up frustrated and neglecting these decentralized gaming platforms Substrate: Web3 for Gaming Blockchains Since the collection of Web3 libraries has made it possible to interact with a local or remote Ethereum node through HTTP, IPC or WebSocket, developers have been able to develop decentralized applications focused on gaming through client-blockchain interaction. Top 4 Blockchain Virtual Machines for Decentralized Applications and new applications to be created that are compatible with the largest blockchain ecosystem. The Substrate blockchain framework has made substantial progress in the development of the Web3 Gaming Blockchain by enabling native gaming dApps to “scale” on Ethereum The results are amazing and specific to the client/end user product: more powerful dynamic interfaces, and quicker loading times and execution of interactive smart contracts on the Ethereum Blockchain. In addition, the low cost of transaction fees compared to the high gas fees of end up hooking most newbies on blockchain technology, which is being reflected in the increasing numbers we are observing in transaction volume and users in the different dApps of the Substrate-based ecosystem. Ethereum ParaState: Ethereum-Substrate Key Bridge To bring these improvements to dApp development for the blockchain-based gaming sector, a highly scalable multi-chain platform, has built a smart contract virtual machine (VM) for Substrate-based blockchains. ParaState, while providing a technological foundation in Substrate that guarantees high execution speeds in a more secure environment. ParaState expands the frontier of Ethereum with its innovative SSVM Ewasm pallet, a leading standard in the blockchain industry that expands the programming possibilities of smart contracts, ParaState recognises that the entire blockchain industry go through Ethereum at some point to take advantage of the large number of users and applications that support it, and while awaiting ETH 2.0 improvements to arrive, ensures the problems inherent in its virtual machine will not continue to be an impediment for the success and development of all blockchain metaverses. Everything you need to know about NFTs, DeFi, and Gaming From high transaction speeds to more robust smart contracts, in a wide variety of programming languages, allowing the end user to experience Web3 .0 in all its glory. SSVM offers developers in the gaming sector the ability to deploy new functionalities according to the  demands of players Ewasm The Ethereum virtual machine is also compatible with the ParaState virtual environment, which allows cross-string compatibility at both source code and bytecode levels, allowing the Ethereum ecosystem to be sustainable alongside a broad base of new development languages that include LLVM standards, in addition to Solidity. General example of how to build Web3 Games in Substrate Web3 Games is a blockchain-based gaming ecosystem on Substrate. To build the next generation of the gaming ecosystem on Substrate you must install Rust: curl https://sh.rustup.rs -sSf | sh Initialize your Wasm Build environment: ./scripts/init.sh Build Wasm and native code: cargo build --release If you are running a development chain from a single node, you can purge any existing developer chain status: ./target/release/web3games-node purge-chain --dev Then start a development chain with: ./target/release/web3games-node --dev Detailed logs can be displayed by running the node with the following environment variables set: RUST_LOG=debug RUST_BACKTRACE=1 cargo run -- --dev For multiple nodes, you only need to create a local test network with two or more validator nodes, assigning each node a name and exposing them on different TCP ports for them to be listed on the Polkadot telemetry site. Some examples of Web3 Blockchain Games on Substrate In order to get an idea of the potential at the level of performance and costs when building gaming dApps in Substrate with ParaState, let's take a look at the top three Web3 blockchain games built on . Substrate CheersLand This platform combines gaming with the DeFi sector so that players can earn rewards through skillful play and contributions to the ecosystem combining the play-to-earn and build-to-earn mechanics. "An expandable GameFi universe where anyone can monetize their gaming and social media experiences." The platform introduces elements of decentralized finance such as staking, mining, farming and a decentralized market of NFTs for the commercialization of the digital assets of the game. Currently has launched its first classic mini-game, on the Binance Smart Chain. CheersLand Crypto Pirates PolkaFantasy This cross-chain NFT market, offering interaction of non-fungible tokens between Ethereum and Polkadot , takes advantage of the low-cost and high-speed potential offered by the Substrate architecture to explore the use of NFTs within gaming. offers play-to-earn game play with exclusive rewards through a simple interface using an NFT wallet, based on the culture of games, comics and Japanese animation. PolkaFantasy Bit.Country Substrate natively offers options beyond traditional games. demonstrates how the technical capabilities can be used to take advantage of the gaming trends of the moment. Bit.Country Bit.Country is a platform that allows non-technical users to build their own metaverse. Developers can use the available API to build their scalable and secure smart contract games and dApps on Substrate, making use of powerful and familiar programming languages like Rust. Additionally, by nature, it enables cross-chain interoperability and an Ethereum compatibility layer through the industry-leading WebAssembly (WASM) environment. The platform hopes to develop the first Bit.Country genesis metaverse in stage 3 of its roadmap to grow the community.

The Web3 Games Blockchain Network Based on Substrate

Today, a new paradigm is emerging in the online gaming industry—one that allows gamers to not only earn money within games but also own a part of the games they play. Instead of buying or downloading a game in a “pay to play” format with in-game micro-transactions, players can now use digital currencies and NFTs to purchase in-game digital products to both “ ” and “ .” play to earn play to build This new breed of gaming experience, in which the players can earn a portion of the game’s in-game currency by simply playing the game, is known as a “play-to-earn” NFT game. The concept of play-to-earn is straightforward. The more you play, the more digital currencies or NFTs you can earn. These games offer users NFTs for the time and effort they put in. They’re also a great way to earn crypto while having fun and getting to know your favorite game better. estimates that the full value of the gaming industry now exceeds $300 billion. Accenture This is “more than the combined markets for movies and music, driven by a surge in mobile gaming and an emphasis on social interaction during the COVID-19 pandemic.” With many play-to-earn games already online, they will only contribute to the explosive growth of the gaming industry. How NFTs Contribute to the Online Gaming Economy Play-to-earn games are another way game designers are creating and leveraging in-game NFT items and rewards that can be bought and sold within the game or via third-party marketplaces such as . Opensea For instance, let’s say you’re designing a game that involves racing. In the game, players earn digital currencies if they win a race. Because the racetrack is built on a blockchain, the in-game currencies or coins can’t be copied or cloned. They’re also transferable, which means you can trade them for other coins, or sell them to other players in the game for fiat currencies. Some of the most successful play-to-earn games such as let players purchase, battle and breed virtual characters that are minted on the blockchain and then sell them on third-party marketplaces. Axie Infinity Ethereum Combining Play to Earn with Play to Build Games Just like the real world economy, gamers can choose what they want to specialize in or play within the metaverse. Play to Build game mechanics create sustainable economies within metaverse worlds where players can play to earn NFTs or connect on/off-chain activities to build NFTs. In the case of , Play to Build links the real-world behaviors on the Phala network blockchain with the activities of Phala World in the Metaverse. Phala World is a Metaverse based on the blockchain that utilizes the ‘Play to Build’ gaming concept. The upcoming game combines user behavior, characters, communities, and sci-fi stories on the Phala blockchain, while integrating strategy, development, MMORPG, and other game types. Phala World Phala Network Phala World is also a community-driven game that rewards community contributions and participation to Phala network in-game assets. Players can earn, trade, and build while playing the game. Phala is also collaborating with and to develop NFT and Metaverse gaming infrastructure. RMRK Bit.Country Phala’s vision is to build the world’s first ‘Play- to- Build’ Metaverse game that connects Phala World and on/off-chain actions in the real world, where millions of players can turn their passion for gaming into real assets. Players will be able to play a game they enjoy, while simultaneously earning, trading, and building in a massive, open-world economy. Phala World will combine the following gameplay attributes: A player's in-game identity is called a “Spirit NFT” and represents a non-transferable NFT that combines attributes and activity from Twitter, Discord and other data on the Phala chain. For example, if a player commits code to Phala's GitHub, the in-game NFT avatar value will increase. Phala will use the decentralized DID protocol to implement this system developed with . NFTs as game identity: Litentry The back-end system of the game records the player's in-game experience acquisition, construction records, etc., so as to push the data to the Spirit NFT for permanent records. We plan to deploy this game service using Fat Contract running on Phala's decentralized computing nodes. Unlike traditional smart contracts, Fat Contracts provide low-latency, computationally-intensive services, and can even interact with HTTP requests in the contract. : mapped community roles with game roles (career), and mapped on-chain activities with game activities. For example, A Bot-druid is actually a miner on the Phala blockchain, and the Druid can summon Robot fighters which match his computation nodes amount on the Phala blockchain. Mapping : NFT avatars are divided into different camps according to the user's role on-chain or off-chain. In Phala World, different camps can compete according to the construction speed. The winner can unlock a metaverse land plot based on auctions. Socialization

A New Paradigm: From "Play to Earn" to "Play to Build" Gaming

Ishan Pandey: Hi Ray, welcome to our series “Behind the Startup.” Please tell us about yourself and the story behind ? Bit.Country I started entrepreneurship in 2012; the first startup was , which helps people kick-start their tech career by solving the problem that recent graduates lack industrial experience. Currently, Industry Connect has operations in most English-speaking countries, approved by SG IMDA. Having graduates working for more than 500 companies. Ray Lu: IndustryConnect.org With the top students that Ray Lu selected, they also work together at MVP STUDIO, a startup incubator. Over the years, LG Trust Real estate (BI enabled property investment company), , and the Bit.Country / Metaverse.Network. GlobalTalent.io The culture is a journey together. Business is created based on accelerating individual growth by providing a lifetime roadmap, for example, top students, employees, managerial roles, and co-founders and CEO of their own startups.  Bit.Country & Metaverse. The network was also founded the same way with three other co-founders who were students at many years ago. IndustryConnect.org Ishan Pandey: What are your views on the metaverse? Further, what future do you see in the next 2 years for the metaverse industry? Since we registered Bit.country on Jan 22nd, 2018, we envisaged that the blockchain-backed virtual world (now metaverse) would become a medium for crypto to be used for mainstream use. There will be new native supply and demand in the metaverse and creating new career opportunities. Ray Lu: Humans have never stopped expanding their consciousness and sphere of exploration. We are composing a new chapter in the web3.0 paradigm for mass adoption with sustainable technologies. Ever since the internet came into our lives, we have benefited from the high speed of information exchange, and then blockchain networks provided us with a trustless flow of value. We now envisage that the metaverse will bring civilization a highway of imagination, happiness, and opportunities. Ishan Pandey: Please tell us a bit of Bit.country and how users can create their metaverse? Everyone can start their metaverse for their people with the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new dimension on web3.0. Ray Lu: With at least one land block, users can launch a metaverse with a map engine, 3D world, local governance, and marketplace.  Metaverse owner can invite their community to check out their design and culture. The land block is subdivided into land units or estates, and users can buy the land units and become a stakeholder in the metaverse. User with the land has mining power to earn in-game current BIT used as base material or energy source. Users can join various earning opportunities in the community, such as participating in tasks or games created by users. According to you, what are some of the primary ways metaverse will alter users’ lives? Ishan Pandey: Ray Lu: •	Connect with people in a metaverse native way. •	A new identity with new personal traits reflected in their avatar, e.g. MetaSoul •	Earn through new supply and demand native to the metaverse •	The community can be perpetuated and governed by stakeholders that can last as long as bitcoin exists. Ishan Pandey: Researchers are now concerned about the human mind’s ability to process competing binaries while maintaining equilibrium in the natural and digital world. Is the metaverse weakening our ties to the real world? Humans have never stopped expanding their consciousness and sphere of exploration. We are composing a new chapter in the web3.0 paradigm with sustainable technologies. To a certain extent, the digital world brings efficiency and less environmentally impactful activities. Nowadays, the digital world has already become the main medium for people to learn, connect and entertain. Ray Lu: Metaverse’s role will bring the current web2.0 experience to a new level with open economies and governance. Just as what web2.0 had brought to the world, we believe web3/metaverse will create exponential opportunities for people for better living. Education has always been our passion. We are also launching an initiative through , the global tech career academy, to bring education efficiency into the metaverse and web3.0. IndustryConnect.org Is the metaverse weakening our ties to the real world? It may or may not. We see it as an extension to the real world and potentially make it better. Ishan Pandey: Some argue that the metaverse is little more than marketing hype, while others argue it will revolutionize civilization. According to you, what are the major hurdles in the industry which may impact the Metaverse ecosystem? Our view is metaverse will bring our civilization to a new level. While blockchain technology unlocks the trustless flow of value, a medium built on the blockchain is the new place for opportunities regardless of their location and nationalities. A private key is a key to a career and the door to many opportunities. Ray Lu: Protocols used in the metaverse will act as the business rules and it does not care who you are and where you are from. It is a fair system to give the same opportunities to everyone willing to learn and put the effort in. For example, the rich will create new demand in the metaverse, such as growing their influence, and metaverse will unlock more opportunities for the new demand and make them available to those who need it regardless of where they are. Ishan Pandey: Brands have developed arenas, services, and branded characters inside games as some of the more exciting Metaverse deployments. According to you, will we soon witness mass shifts across all sectors to this digital world? Further, why are brands building in the metaverse? Brand accessibility in metaverse can be much easier than in the real world. That is why Brands are now considering building up the presence and providing services in the metaverse. This has happened already on web2.0 e.g. websites, social channels. If metaverse brings the next level of user experience, the trend is inevitable. Ray Lu: We are disrupting the current creators’ value system built by web2.0, as traditional social platforms are harvesting the value from the community’s time, only distributing a portion of the profits to the creators. At the same time, members are only being entertained but not rewarded. We are building a future for metaverse owners to have the ability to grow exponentially while letting the members take ownership and earn through a variety of opportunities, benefitting directly from the development of the metaverses they are in. We see community owners and big brands on web2.0 have a huge desire to build up their metaverse. Ishan Pandey: What role has the pandemic and the persistent lockdown across the globe affected in the development of the blockchain industry and what will the scenario look like in the post-pandemic era? Pandemic forced people to stay in the same place, and some people had lost their jobs. Metaverse and blockchain technologies had proven for bringing opportunities during the lockdown. From NFT sales to Play2earn protocols, it provided income and brought meals to the families. Ray Lu: In the post-pandemic era, we see the trend will continue, especially some of the existing business models are being shifted during the pandemic, people’s view has changed, they will look for a sustainable solution to operating their business and constantly seek for new opportunities to create value. We believe metaverse/web3 is the solution for the needs. Ishan Pandey: According to you, what new trends are we going to see in the blockchain industry? According to the decentralized nature of blockchain, there will be more and more community-driven business models to come into our life. We envisaged that utility tokens, especially NFTs would be more utilized in the real world. And metaverse is the native place to have these created in the first place before it comes to the real world. Ray Lu: Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence, asking the right questions, and equipping readers with better opinions to make informed decisions.

The Metaverse Will Bring Our Civilization to a New Level

We’ve all been there. You’re trying to play a game online, but the servers are down or the video graphics rendering fails. Or maybe you’re just trying to watch a video and the site is offline. These outages can be frustrating and the downtime is outside of your control. Today’s centralized cloud computing infrastructure cannot keep up with the demands of our technology-driven society. And, as a result, companies often experience downtime with cloud services failing without warning, affecting potentially millions of users. This is especially true for online video games which rely on the fastest internet speeds and 99.999 percent or “5-nines” uptime to deliver a lag-free, always-on gaming experience. The Roblox Outage of 2021 was notable because it forced millions of teen gamers offline when its . In a blog post, Roblox CEO David Baszucki the outage was caused when “a core system in our infrastructure became overwhelmed, prompted by a subtle bug in our backend service communications while under heavy load.” cloud infrastructure failed said The service interruption was not due to an external traffic spike, it was a result of server growth and a code error in its data centers, he continued. And, as a result, Roblox lost more than $1.5 billion in market cap at the time and an estimated $15 million in revenue. Our current internet infrastructure — based on centralized services provided by public cloud computing providers like Amazon Web Services (AWS) or private cloud infrastructures such as the built by Roblox  — may be subject to downtime and provide less than stellar user experiences. Without a reliable cloud infrastructure — public or private —  video game companies building the emerging metaverse, a digital world where users can be physically present together in virtual spaces, will struggle to make them become a viable reality. Scaling the Metaverse Although blockchain technology has the potential to upend how both consumers and businesses use the internet, it must also eliminate the need for centralized compute services and embrace a decentralized approach to increase reliability and service levels. Because metaverses are digital worlds where users interact with each other and software programs in a three-dimensional space, they are also complex systems that require copious computing resources to run their 3D worlds and advanced AI algorithms. Their collection of interconnected applications and services will allow users to freely move between cross-chain visual worlds, requiring highly-distributed and powerful compute power for reliability. The metaverse will also be a critical piece of Web3, providing users with access to blockchain-based applications and services as well as new decentralized applications (dApps) to be built that were never possible before. Fortunately, this infrastructure for a powerful, secure, and scalable computing cloud based on blockchain is already in place and embedded into modern microprocessors. The foundation of this infrastructure is called a trusted execution environment or TEE-based privacy technology. TEE is a secure area of a microprocessor that can provide confidential and isolated application execution while creating a blockchain compute and transaction infrastructure across nodes distributed everywhere and anywhere and on any personal computer. Despite the higher possibility of single node failure, this compute model can be easily deployed to multiple nodes in a decentralized computing cloud, increasing the overall stability. By harnessing the power of TEE technology, blockchain developers will be able to build user-friendly applications, process transactions and build metaverse worlds that are faster, more secure, and more scalable than ever before. Because TEE technology is a platform for building global web-scale services that provide a level of reliability and compute power that wasn’t possible before, it has the potential to become the core of Web3 infrastructure. This decentralized Web3 infrastructure is fast enough to meet the demands of our modern technology-driven society and be resilient enough to power many metaverses. All of this compute power can be distributed across a global network of personal computer nodes that provide uptime and reliability beyond that of today’s traditional cloud computing model, powering the metaverse and beyond. Phala - A Decentralized Web3 Platform that Scales Many people got to know Phala because of its distinctive privacy feature and innovative “blockchain + secure enclave” architecture. However, data privacy is just one of the basic features mentioned in Phala Network’s white paper. Our vision is to become the world’s largest computing network, that is, a standard decentralized computing cloud based on Web 3.0. P2P Phala acts as a go-between, with the blockchain keeping transactions, between users and computing operations, in order, and ensuring privacy as well as security whilst allowing for massive trustless data exchanges between parties. Phala enables next-generation cloud services to the Web and beyond as well as computing power that will help scale projects such as & to provide a low-latency, high-performance and user-friendly, immersive metaverse experience. Bit.Country Metaverse Network Also published here: https://www.ibtimes.com/decentralized-web3-computing-key-scaling-metaverse-3382850

Stories, News & Mentions about BITCOUNTRY

Bitcountry’s Stories on HackerNoon