Omni Labs

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When thinking about robots and artificial intelligence (AI) most of us will envision the archetypical images of Star Wars legends R2D2 and C3PO or my personal favourite childhood badass the Terminator. While science fiction literature and movies have provided a stage for robots to display their awesome potential, they also often paint a picture of a dystopian world in which robots become self-aware beings, rebelling against and ultimately suppressing mankind. I wouldn’t be surprised if a lot of people are actually quite anxious about robots taking over the world in the future. Luckily this is not the case (yet) and are robots nowadays used for carrying out all kind of routine or complex tasks. Currently, robots can be used to perform various tasks, such as: surgery, accompany the elderly, diffuse bombs, and space exploration. Hence robots can save lives and perform tasks that would otherwise be too complex or too dangerous to perform by humans. In this article I would like to take you on an adventure and take a look at the interesting history of robotics and AI. How to define the term robot There are a lot of different definitions of what a robot is; but perhaps the simplest and most accurate definition is: “ ”. a robot is a machine, especially one programmable by a computer, capable of carrying out a complex series of actions automatically The term “robot” was first coined by the Czech in the play ( ) originated in 1920. is a satirical play about robots manufactured with the sole purpose of performing all unpleasant manual labor. The word was derived from the Czech word , meaning servitude. In 1942, science fiction author formulated the , which are: Karel Čapek R.U.R. Rossum’s Universal Robots R.U.R. robota Isaac Asimov Three Laws of Robotics The first encounters Perhaps the earliest instance of robotics dates as far back as 1500 B.C. During that period the Egyptians developed the so-called water clock. The water clocks measured time as a result of the force water falling through it at a constant rate and used human figurines to strike the hour bells. The oldest example of the water clock, found in the tomb of Amenhotep I, dates as far back as . 1500 B.C. In 350 B.C. the Greek mathematician Archytas invented “The Pigeon”, a mechanical bird that could be propelled into the air via the use of steam. Another well known automation is a humanoid drawn by Leonardo da Vinci dating back to around 1495. Leonardo’s Da Vinci’s drawings was that of a mechanical in armour which was able to sit up, move its head and jaw and wave its arms. knight Da Vinci’s mechanical knight My personal favourite attempt of robotics was the built by Wolfgang von Kempelen, which was basically designed to be a robot that could play a strong game of chess. During the late 18th and 19th century this machine toured all over Europe and defeated many challengers including Napoleon Bonaparte and Benjamin Franklin. Eventually the Mechanical Turk was revealed to be a hoax, with a real human chess master being hidden inside the compartment and operating the machine. Mechanical Turk the Mechanical Turk Chess Engine The first humanoid robot is said to be built in 1810 by Friedrich Kaufmann and represented a soldier blowing on a trumpet. The Kaufmann Trumpeter had leather bellows acting as lungs and reeds which mimicked the sound of a trumpet. For that time, this was quite the spectacle. Advances during the 20th century During World War I remote control weapons were deployed. Most noteworthy it was , who had designed and manufactured an electrical boat that could be controlled remotely via radio signals. Nikola Tesla In 1932 Lilliput was introduced in Japan, which is considered to be the first toy robot. Lilliput was a 15 cm tall wind-up toy that could walk around. In Japan the love for Robots grew and during the 1950’s robots became well-known comic book characters. Perhaps the most iconic one being . Astro Boy Thanks to the advances in programmable computers during the 1940s, the robots as we know them today began to take shape. George Devol would invent , which is considered to be the first industrial robot and one of the most important milestones in the evolution of robotics. Unimate was able to transport die castings and weld them into automobiles and through the hands of Joseph Engelberg (who later acquired the nickname “the father of robotics”) joined the assembly line at the General Motors. Unimate Joseph Engelberg, the father of robotics The 1970s and 1980s were characterized by new advances and gave rise to projects such as: , which was the first general-purpose mobile robot able to reason based on its own actions. Shakey was able to perform tasks, such as: travelling from one location to another, opening doors and pushing obstacles around. The would become the standard regarding the design for future robot arms, and ultimately gave rise to the , the first medical robot to be used in surgery. Puma350’s task was to orient the needle during a brain biopsy, but it was discontinued for safety reasons. Shakey Stanford Arm Puma350 Another big milestone in the history of robotics was the development of the Mars rover . The Mars rover was part of the mission (1997) and was built to perform semi-autonomous operations on Mars’ surface. Equipped with an obstacle avoidance program, the Mars rover was able to plan and navigate routes across the terrain in order to study the surface of the planet. Sojourner Mars Pathfinder Mars rover Sojourner During the same year ’s would go on to be the first computer to defeat a world chess champion (in this case Garry Kasparov) under tournament conditions. Noteworthy is that Google’s AlphaGo defeated world-class GO player Lee Sedol in 2015 ( ), using neural networks and reinforced learning; whereas previously computers were only able to beat amateur Go players. IBM Deep Blue computer AlphaGo versus Lee Sedol The years 2000 till present The last two decades have seen a lot of technology enhancement in the field of robotics and AI and a lot of interesting projects have emerged. Too many to name them all, so I have made a small selection to represent the current advances. , During the aftermath of the attacks, the collapsed buildings were too dangerous and confined for humans or dogs to navigate. The small PackBots (manufactured by iRobot) were used to determine the structural condition of the buildings and search the debris for survivors. PackBots Sept. 11 , In 2000 Honda brought us ASIMO, which was designed to advance the mobility of robots, allowing it to walk smoothly and climb stairs. Newer versions of ASIMO were even able to run, turn, navigate uneven surfaces, map its environment, avoid obstacles, reach for and grasp objects and even recognize faces. ASIMO robot ASIMO playing soccer , Another robot manufactured by iRobot is the Roomba. The Roomba can be considered the first widespread used domestic robot, riding around the house vacuuming the floors, without any instruction or aid from its owner. Roomba , In May 2006, a robot integrated with data from 10,000 real operations conducted an unassisted, 50-minute surgical procedure on a 34-year-old man’s heart. Robot Surgeon , the transportation industry can greatly benefit from technological advancements, such as: urban aerial mobility, drones and self-driving cars; making transportation safer and reducing traffic congestions. Two promising projects I would like to highlight are: and . Hyperloop’s objective is to be the fastest land transportation ever with a projected top speed of 1,080 kilometres per hour. Transportation industry Hyperloop One Pop.up NEXT Design of the Hyperloop.one Pop.up NEXT is a modular vehicle capable of either ground or air transportation. With the wheels activated the vehicle functions as a car; but when the fly-module is attached the vehicle can also function as a helicopter; click for a video. here is modelled after actress and is characterized by a human-like appearance and behavior, which is more advanced than previous robotic entities. Sophia uses artificial intelligence, visual data processing and facial recognition to imitates human gestures and facial expressions and is designed to get smarter over time. Sophia is also capable of engaging in simple conversation and answering various questions. On , Sophia was granted Saudi Arabian citizenship, making her the first robot ever to have a nationality. Although this is pretty cool; it also raises a few questions as whether this implies that Sophia is eligible to vote or marry, or whether a deliberate shutdown of Sophia’s system can be indicated as murder. Very interesting food for thought to say the least. Sophia , Audrey Hepburn 25 October 2017 Say hi to Sophia Kambria, the next evolutionary step? Although the field of robotics and AI is growing, a lot of the knowledge remains siloed, leading to similar projects doing the same research and development. The development of the robotics and AI industry can benefit from more collaboration between developers. aims to disrupt the robotics an AI industry by building an open innovation platform which will accelerate the growth of the industry, enabling faster, cheaper, and easier development and adoption of technologies. Kambria Network Kambria Kambria proposes a blockchain based platform that incentivizes contributors which will fuel the platform through with the help of Kambria Network’s native KAT tokens. Kambria that was initiated by robotics and AI manufacturing company which developed telepresence robot Ohmni. By using 3d printing technology and streamlining an iterative design, OhmniLabs offers an affordable telepresence robot to customers worldwide. While working on Ohmni, the team noticed they were wasting precious time and resources because they were researching things that were already done by other companies or university research labs. OhmniLabs This issue led them to start Kambria. By sharing thoughts, ideas, research, designs and incentivizing those that contribute to the Kambria platform, the industry can become much more efficient, grow faster and reduce overall costs. Five main pillars Kambria Network is comprised of the following : five main pillars - The KDNA codebase: The platform’s foundation is the Kambria codebase or KDNA. The codebase contains all the information, software, firmware, hardware and AI needed to build a robot. - The Manufacturing Alliance (KMA): The codebase will be supported by the manufacturing alliance, which allows people to prototype and manufacture the robots created with the help of the KDNA codebase. - The innovation bounty marketplace: In the innovation marketplace manufacturers can offer robotic parts in exchange for a bounty, or interested parties can launch a crowdfunding campaign that runs on bounty tokens where developers manufacture a robot based on their demands. - Legal Protection: The community will come together to protect the innovation platform in the Proof of Violation (PoV) standard. Besides legal protection, there will also be a fair use policy put in place that consists of terms and conditions for community members. Free-riders will be dealt with in the appropriate way. - Value capture: This feature will use KAT tokens to bring value to the platform so that the longevity can be guaranteed and the project is not dependent on donations. Various value points will be created. For instance, when a robot is manufactured, after the value point occurs the fee will be enforced and the collected KAT tokens will be disbursed to the manufacturer (largest part) and into the community reserve (small part). It will be interesting to see new steps that will be taken in the development of robotics and chances are that the Kambria platform can speed up the next evolutionary step by facilitating cooperation between researcher, developers and manufacturers. Website: Kambria Social Media https://kambria.io/ Whitepaper: https://bit.ly/2y7eckC Telegram (ENG): https://t.me/kambriaofficial Twitter: https://twitter.com/KambriaNetwork Medium: https://medium.com/kambria-network . Disclaimer : This article is not intended as investment advice. It is just my personal opinion about Kambria. You should always do your own research #DYOR. Kambria incentivizes me for writing this article and encourages me to express my own opinions Subscribe to my channels: , and if you enjoy my articles and would like to be informed about blockchain, cryptocurrency and news. You can also read my articles on . Medium Twitter Steemit LinkedIn If you have any questions about this article, please comment in the comment section below. Claps are also welcome, Thank you! CryptoShowdown

The Next Step in the Evolution of Robotics and Artificial Intelligence

According to a recent research study, the robotics economy is projected to see an explosive growth, increasing from a total market value of to a potential market valuation of . According to the , the robotics market has some great prospects in terms of compounded annual growth in the coming years. 40 Billion USD in 2016 135 Billion USD in 2019 market statistics The term Robotics was first introduced by science fiction author, Isaac Asimov. Robotics is the branch of technology that handles the design, operation, construction and application of robots. In the book Mr. Asimov described the three laws of Robotics: ➡️ A robot may not injure a human being or, through inaction, allow a human being to come to harm. ➡️ A robot must obey orders given by human beings except where such orders would conflict with the First Law. ➡️ A robot must protect its own existence as long as such protection does not conflict with the First or Second Law. I, Robot (1950) The Articficial Intelligence (AI) and robotics economy consists of various branches ranging from human-friendly companion robots that citizens to fully and anything in between. One of the projects that aims to disrupt the robotics industry by making the development process faster, cheaper and easier is Kambria. accompany elderly autonomous vehicles is building an open blockchain platform where businesses and developers can come together to collaborate on creating new innovative projects that will enable the launch of consumer-based applications. Kambria ✅ , which is the company behind the initiation of the Kambria project, has already been very active in the robotics business, manufacturing personal robots. Kambria is based in the worlds’ tech capital, Silicon Valley, USA. OhmniLabs By building their own open source blockchain platform, Kambria aims to accelerate the development of AI and robotics. The project centers around the Kambria codebase in which everything and everyone comes together. The codebase is similar to Android and Linux, as it specializes in having all the items needed to build a robot or robotics parts. The Kambria DNA (KDNA) is the modular language that enables different parts in the database to be combined and made into a specific robot or robotics part. The KDNA can contain both hardware and software. When developers re-submit their developments back into the Kambria codebase, they can get rewarded for their accomplishments by the incentives given to them in Kambria’s nativate KAT tokens. The Kambria alliance enables manufacturers to interact with the Kambria codebase to ask for robots or robotic parts to be made while incentivizing the platform’s developers. The Kambria innovation marketplace can make a big difference in the acceleration of the robotics development as the marketplace will hold development competitions with significant token rewards. Free-riders and violators will be penalized by the Kambria community and in some cases legal actions will be made against malicious actors, keeping the network safe from frauds. All the technology that will be developed on the Kambria platform will be made available free of charge for personal and Research and Development (R&D) purposes. An option for a licensing fee on commercial and enterprise usage will be made available. ✅ In their Initial Coin Offering (ICO), Kambria intends to raise a total capital of 19,000,000 USD, in exchange for 50% of the total token supply. While the presale phase has recently been finalized, we are waiting for the Token Generation Event (TGE), or public sale to commence. More details will be announced shortly. According to their Telegram channel, a total of 5,000,000,000 KAT tokens will be minted. KAT will be launched as a native ERC-20 token. Several ICO rating platforms were very positive about the Kambria project potential. ✅ Having a team that is comprised of highly qualified team members and top-notch investors will definitely add confidence to the project to make it a success. Besides having field experts and people with blockchain experience on their team, Kambria has also been endorsed by one of the most respected Venture Capital firms in this industry, called . Partner and CEO of #HASHED, Simon Seojoon Kim is also one of the project advisors, and is joined by other industry giants, like Kyber Network’s CEO Loi Luu, NEO Capital founding partner, Roger Lim and WeTrust CEO and Co-founder George Li. #HASHED ✅ As I see it, the AI and robotics economy is gaining ground and it is gaining it fast. Do I believe robots will take over jobs of ‘regular’ employees, of course I do, it would be naïve to think they won’t. I do however think there are opportunities for people that are adapting to these new technological innovations. Sometimes you need to break out of your bubble and educate yourself about new innovations that potentially will be a part of our everyday lives. You don’t want to be left behind. Kambria is elaborating on the development of AI and Robotics and is trying to establish a decent market share in this niche. Doing the research on this project has made me realize its full potential. I will be following this project closely. ✅ If you would like to know more about the Kambria project you can check out their official channels: Website: https://kambria.io/ Whitepaper: https://kambria.io/Kambria_White_Paper_v2.pdf Telegram (ENG): https://t.me/kambriaofficial Telegram Announcement Channel: https://t.me/kambria Twitter: https://twitter.com/KambriaNetwork Facebook: https://facebook.com/KambriaNetwork Reddit: https://www.reddit.com/r/KambriaOfficial/ Email: info@kambria.io Full disclosure : I do not own Kambria tokens and I have not yet participated in Kambria ICO. This article is not intended as investment advice. It is just my personal opinion about the Kambria project. You should always do your own research. This article was created in exchange for a potential token reward from Bounty0x and it is written by LindaCrypto. Subscribe to my channels Steemit, Medium and Twitter if you would like to be informed about Blockchain en cryptocurrency projects and news. My handle is @LindaCrypto for all channels. You can also read my articles on LinkedIn . If you like my article please give me a clap. Thank you! LindaCrypto

Kambria: disrupting the robotics industry, a project overview

DOVER, DE, USA, May 7, 2024 — ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO of its latest launchpad project: OMNIA Protocol, a specialized RPC (remote procedure call) provider solving a wide range of challenges in DeFi relating to decentralization, security, compliance, and user experience. Set for May 9, OMNIA Protocol’s IDO leverages the ChainGPT Pad and its incubation program to launch the $OMNIA token—supporting the wider blockchain ecosystem through a seamless interface combining decentralization, real-time pending transaction streams, liquidity aggregation, and more. As a premier decentralized fundraising and incubation platform for Web3 projects of all types, the ChainGPT Pad has been recognized as the most popular launchpad of 2023. The incubation program promotes emerging startups strategically hand-picked by ChainGPT based on their disruptive potential, transforming their ideas into viable business solutions. The program extensively assists in product development, smart contract implementation, and user engagement. Through expert mentorship and access to an extensive network of influential partners and investors, the ChainGPT Pad’s incubation provides Web3 startups with the tools to navigate and thrive. OMNIA Protocol lays the foundation for state-of-the-art solutions to build on top of its infrastructure by leveraging the Proposer-Builder Separation (PBS) to facilitate the private order flow of transactions. This allows OMNIA to not only guarantee front-running, or sandwich, attack protection but also opens the door for innovative business use cases leveraging good MEV (maximal extractable value), transaction bundles, and intent-based dApps to reduce transaction fees and potentially earn cash back on every DeFi trade a user executes. Furthermore, OMNIA plans to decentralize the node measurement process on top of EigenLayer by building a special-purpose Actively Validated Service (AVS) to facilitate transparent governance over node performance and integrity checks—all while tapping into billions of dollars as part of EigenLayer’s TVL.  The OMNIA Protocol boasts several other key products geared toward fostering a more robust, secure, and decentralized blockchain environment, including: Robust RPC infrastructure: Provides the foundation for blockchain interactions with added features for security, compliance, and more.
Decentralized Node Incentivization: Encourages community members to run nodes to strengthen the network and ensure its decentralized nature.
MEV Infrastructure Monetization: Leverages MEV strategies to capture value and redistribute it to users.
Staking nodes: Offers staking opportunities for token holders to participate and earn rewards. Additionally, the KYT suite effortlessly integrates with existing AML/KYC workflows and adheres to OFAC (U.S.), UN and EU guidelines for mitigating financial crimes and terror financing. Untrusted entities coupled with aggregators must stake to earn a high level of trust, thus being able to provide higher levels of traffic. Each community node will stake $OMNIA to join the network, with nodes committing to a specific uptime and synchronization. Token holders will also enjoy fee reductions with the more $OMNIA they hold. ChainGPT is a pioneer in the field of blockchain AI infrastructure, offering a wide range of tools and services, including a smart contract generator and auditor, advanced AI trading, an NFT generator, an AI-powered security extension, and SDK and API access for developers and organizations to integrate ChainGPT. “OMNIA is one of our most promising projects and it was a pleasure to collaborate with them to support their mission of opening access to 40 blockchain networks,” says Ilan Rakhmanov, CEO and Founder of ChainGPT. “OMNIA has demonstrated its ability to bridge the gap between centralized providers offering strong functionality and decentralized RPCs that tend to lack advanced capabilities through resource clustering and effortlessly incorporating MEV extraction. Their IDO symbolized a unique opportunity for ChainGPT to support a project that is truly building the foundations for a better Web3, for everyone” ‘Working closely with ChainGPT during the incubation period allowed us to accelerate the development of our truly innovative protocol,” says Cristian Lupascu, CEO of OMNIA Protocol. “Thanks to our talented team and the ChainGPT Pad providing us with a strategic partner and strong foundation for success, we will bring about unprecedented progress in blockchain accessibility, security, and democratization.” About ChainGPT: ChainGPT is the leading provider of AI-powered infrastructure for crypto, blockchain, and Web3. From a next-generation IDO launchpad and incubator to automated smart contract generation and auditing, as well as an advanced Web3 AI chatbot to AI-powered news aggregation, an AI training assistant, cross-chain swap, and an NFT generator, ChainGPT is a sophisticated, end-to-end solution for AI Web3 infrastructure. By integrating large language models (LLM) with blockchain, the company builds advanced, accessible, and user-friendly tools for all users. Further solidifying its position at the forefront of technological innovation, ChainGPT has established strategic partnerships and received recognition from notable tech leaders such as Google, Nvidia, BNBChain, and Chainlink. ChainGPT aims to advance the use of AI within the blockchain space. For more information, visit: https://www.chaingpt.org About Omnia Protocol: Founded in 2021, OMNIA Protocol is a specialized RPC provider designed by cybersecurity, cryptographers, and software engineers to address the unique challenges of DeFi. It champions decentralization, aggregation, and the redistribution of MEV (maximal extractable value) while prioritizing security and transaction optimization. OMNIA’s mission is to provide a seamless blockchain interface that combines decentralization with advanced features like real-time pending transaction streams and robust broadcasting. By strategically leveraging MEV, OMNIA empowers DeFi traders, wallets, dApps, and DEXs to directly benefit from the value generated by their transactions. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. DOVER, DE, USA, May 7, 2024 — ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO of its latest launchpad project: OMNIA Protocol , a specialized RPC (remote procedure call) provider solving a wide range of challenges in DeFi relating to decentralization, security, compliance, and user experience. OMNIA Protocol OMNIA Protocol Set for May 9, OMNIA Protocol’s IDO leverages the ChainGPT Pad and its incubation program to launch the $OMNIA token—supporting the wider blockchain ecosystem through a seamless interface combining decentralization, real-time pending transaction streams, liquidity aggregation, and more. As a premier decentralized fundraising and incubation platform for Web3 projects of all types, the ChainGPT Pad has been recognized as the most popular launchpad of 2023 . The incubation program promotes emerging startups strategically hand-picked by ChainGPT based on their disruptive potential, transforming their ideas into viable business solutions. The program extensively assists in product development, smart contract implementation, and user engagement. Through expert mentorship and access to an extensive network of influential partners and investors, the ChainGPT Pad’s incubation provides Web3 startups with the tools to navigate and thrive. ChainGPT Pad ChainGPT Pad most popular launchpad of 2023 most popular launchpad of 2023 OMNIA Protocol lays the foundation for state-of-the-art solutions to build on top of its infrastructure by leveraging the Proposer-Builder Separation (PBS) to facilitate the private order flow of transactions. This allows OMNIA to not only guarantee front-running, or sandwich, attack protection but also opens the door for innovative business use cases leveraging good MEV (maximal extractable value), transaction bundles, and intent-based dApps to reduce transaction fees and potentially earn cash back on every DeFi trade a user executes. Furthermore, OMNIA plans to decentralize the node measurement process on top of EigenLayer by building a special-purpose Actively Validated Service (AVS) to facilitate transparent governance over node performance and integrity checks—all while tapping into billions of dollars as part of EigenLayer’s TVL.  The OMNIA Protocol boasts several other key products geared toward fostering a more robust, secure, and decentralized blockchain environment, including: Robust RPC infrastructure: Provides the foundation for blockchain interactions with added features for security, compliance, and more. Decentralized Node Incentivization: Encourages community members to run nodes to strengthen the network and ensure its decentralized nature. MEV Infrastructure Monetization: Leverages MEV strategies to capture value and redistribute it to users. Staking nodes: Offers staking opportunities for token holders to participate and earn rewards. Robust RPC infrastructure: Provides the foundation for blockchain interactions with added features for security, compliance, and more. Decentralized Node Incentivization: Encourages community members to run nodes to strengthen the network and ensure its decentralized nature. MEV Infrastructure Monetization: Leverages MEV strategies to capture value and redistribute it to users. Staking nodes: Offers staking opportunities for token holders to participate and earn rewards. Additionally, the KYT suite effortlessly integrates with existing AML/KYC workflows and adheres to OFAC (U.S.), UN and EU guidelines for mitigating financial crimes and terror financing. Untrusted entities coupled with aggregators must stake to earn a high level of trust, thus being able to provide higher levels of traffic. Each community node will stake $OMNIA to join the network, with nodes committing to a specific uptime and synchronization. Token holders will also enjoy fee reductions with the more $OMNIA they hold. ChainGPT is a pioneer in the field of blockchain AI infrastructure, offering a wide range of tools and services, including a smart contract generator and auditor, advanced AI trading, an NFT generator, an AI-powered security extension, and SDK and API access for developers and organizations to integrate ChainGPT. “OMNIA is one of our most promising projects and it was a pleasure to collaborate with them to support their mission of opening access to 40 blockchain networks,” says Ilan Rakhmanov, CEO and Founder of ChainGPT. “OMNIA is one of our most promising projects and it was a pleasure to collaborate with them to support their mission of opening access to 40 blockchain networks,” says Ilan Rakhmanov, CEO and Founder of ChainGPT. “OMNIA has demonstrated its ability to bridge the gap between centralized providers offering strong functionality and decentralized RPCs that tend to lack advanced capabilities through resource clustering and effortlessly incorporating MEV extraction. Their IDO symbolized a unique opportunity for ChainGPT to support a project that is truly building the foundations for a better Web3, for everyone” “OMNIA has demonstrated its ability to bridge the gap between centralized providers offering strong functionality and decentralized RPCs that tend to lack advanced capabilities through resource clustering and effortlessly incorporating MEV extraction. Their IDO symbolized a unique opportunity for ChainGPT to support a project that is truly building the foundations for a better Web3, for everyone” ‘Working closely with ChainGPT during the incubation period allowed us to accelerate the development of our truly innovative protocol,” says Cristian Lupascu, CEO of OMNIA Protocol. ‘Working closely with ChainGPT during the incubation period allowed us to accelerate the development of our truly innovative protocol,” says Cristian Lupascu, CEO of OMNIA Protocol. “Thanks to our talented team and the ChainGPT Pad providing us with a strategic partner and strong foundation for success, we will bring about unprecedented progress in blockchain accessibility, security, and democratization.” “Thanks to our talented team and the ChainGPT Pad providing us with a strategic partner and strong foundation for success, we will bring about unprecedented progress in blockchain accessibility, security, and democratization.” About ChainGPT: ChainGPT is the leading provider of AI-powered infrastructure for crypto, blockchain, and Web3. From a next-generation IDO launchpad and incubator to automated smart contract generation and auditing, as well as an advanced Web3 AI chatbot to AI-powered news aggregation, an AI training assistant, cross-chain swap, and an NFT generator, ChainGPT is a sophisticated, end-to-end solution for AI Web3 infrastructure. By integrating large language models (LLM) with blockchain, the company builds advanced, accessible, and user-friendly tools for all users. Further solidifying its position at the forefront of technological innovation, ChainGPT has established strategic partnerships and received recognition from notable tech leaders such as Google, Nvidia, BNBChain, and Chainlink. ChainGPT aims to advance the use of AI within the blockchain space. For more information, visit: https://www.chaingpt.org https://www.chaingpt.org https://www.chaingpt.org About Omnia Protocol: Founded in 2021, OMNIA Protocol is a specialized RPC provider designed by cybersecurity, cryptographers, and software engineers to address the unique challenges of DeFi. It champions decentralization, aggregation, and the redistribution of MEV (maximal extractable value) while prioritizing security and transaction optimization. OMNIA’s mission is to provide a seamless blockchain interface that combines decentralization with advanced features like real-time pending transaction streams and robust broadcasting. By strategically leveraging MEV, OMNIA empowers DeFi traders, wallets, dApps, and DEXs to directly benefit from the value generated by their transactions. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

ChainGPT Pad Launches OMNIA Protocol To Enhance And Secure Web3 For DeFi Users Via DePIN And MEV 

ContractPedia: An Encyclopedia of 40+ Smart Contract Platforms

Please read our Disclaimer found at the bottom of this page or . here The Good, the Bad, and The Ugly of ICOs and What’s to Come Intro Every year around this time, I visit Mexico City, the city I grew up in before moving to Canada in 2010. I usually take cabs or Uber to get around the city, and talk to the drivers. I find this is a good way to hear about the city from their perspective, and how it has been evolving. The conversation usually turns into a discussion of our respective professions. What made this trip different from previous years was that every driver I talked to had some understanding, or at least had heard about . It was both amazing and disconcerting. The general idea everyone had was that investing in cryptocurrencies or Bitcoin was the way to make money quick. None had a firm understanding about wallets or the underlying technologies that make cryptocurrencies exciting, but they were all vaguely familiar with the idea. cryptocurrencies The reason this was pretty unsettling is that making investment decisions without having any understanding of why it’s a good investment, or how long it will take to pay off is a quick way to lose a lot of money. And while accredited investors may have the capital to take those risks and accept the hits, this is not true for the vast majority of the population in Mexico, or anywhere in the world, really. This year has seen the largest amount of companies fundraising through Initial Coin Offerings. More than 50 companies now ICO every month. We have also seen the largest amounts of funding ever raised through ICOs, over $4B according to , and . We have also seen the largest amount of , and hundreds of and class action lawsuits. Coinschedule Coindesk scandals, and hacks related to ICOs millions of dollars of scams The purpose of this blog is to demystify the field and shed some lights about the good, the bad, and the ugly, of ICOs. In this article, we will take a look at the past, present and future of the technology. We have a personal goal to educate the public in the benefits and risks associated with investing in ICOs. 2013–2016: The First 4 Years of ICOs We figured that in order to explain and summarize 2017, we have to explain the history and context for Blockchain applications, and how those naturally evolve into ICOs. Youtube Video: What the ICO market looked like in 2014–2017, by Justin Wu, , Blockchain Growth ( ) Elementus LinkedIn Background — The Pioneers In 2013, a company by the name of (now called Omnilayer) became one of the first applications built on top of the Bitcoin Blockchain. It was an effort to create the ability to perform more complicated financial transactions on the Blockchain, and was the first ever project to ICO. Mastercoin Much like a seed stage or crowdfund investment, the founders of Mastercoin believed that their token would appreciate in value over time and so allowed a month long “fundraiser” where people could buy Mastercoin using Bitcoin, thus creating what is now known as an ICO (Initial coin offering). Mastercoin raised what was then worth , thus making it a very successful ICO at the time. By 2014, Mastercoin had appreciated in value to make the initial investment worth , proving the validity of the investment model and paving the way for further ICOs. $500K USD $5.5M USD 2014 — Ethereum In 2014, a 20 year old University of Waterloo student by the name of Vitalik Buterin developed a new Cryptocurrency and Turing-Complete framework. This new framework enabled others to easily and quickly deploy Cryptocurrencies. The name of this framework was . Ethereum Full disclosure: One of the staff at Best of ICOs was a classmate of Vitalik’s during 2012 at the University of Waterloo. We wish to inform our readers in case they believe certain views represented in this section do not appear neutral. Initial Coin Offerings were made possible due to a combination of new technologies in Blockchain. More specifically we look at ICOs that were made possible with the introduction of Ethereum. That same year the first implementation of the Ethereum platform and its corresponding token sale occured. This was a large step in the future of ICOs because Ethereum allowed a much easier way to create tokens and offer them for crowdsales. In its simplest form, Ethereum is different than say Bitcoin, because it also has an inbuilt scripting language that is much more powerful than the scripting language that Bitcoin came with, thus making it easier for someone to create a token on the Ethereum Blockchain rather than the Bitcoin Blockchain. A big step towards allowing multiple companies to adopt Blockchain technology. 2015–2016: Scaling ICOs Image originally from: https://www.coindesk.com/2016-ico-blockchain-replace-traditional-vc/ These events did not go unnoticed, and a lot of companies started taking note of Ethereum, and the amounts of money raised. From 2014–2016 over $300 Million dollars were raised by ICOs including: $18M Ethereum : : $10.6M ICONOMI $10M Golem Project : : $7.5M SingulardTV : $5.5M Digix DAO These ICOs did not go unnoticed; A lot of companies took note of the effect of ICOs and started to experiment with creating their own currencies (not cryptocurrencies) to test the effects that an ICO would have in their platforms. 2017: The Good, The Bad, and The Ugly In 2017 Waterloo company Kik decided that their experiment creating their own Token was successful and they would move forward with a cryptocurrency. The result of that was one of the most exciting ICOs, KIK’s KIN. The reason we find KIN exciting was that the creators “KIK” had an opportunity to test their own version of a token, called KIK Points. These Points were traded through their platform, and enabled people to create apps and receive payment through them. They also enabled users to purchase the points or win them through apps or by watching ads. They ran the experiment from 2014–2016 and were able to demonstrate a higher transaction volume than Bitcoin (per unit). Convincing them that creating a Blockchain / Classic token hybrid would give them the best results. KIK Points v. BTC Number of Transactions, from the KIN White Paper found . here Since KIK already had over 300 Million users, it made it one of the first ICOs that came from an already established company, with hundreds of millions of users, giving ICOs legitimacy, but also a playfield with real users, and a great environment for testing. KIK was able to raise over $100M USD through their ICO. This opened the doors for many more ICOs, creating the incredibly healthy environment that we see today. What the ICO market looks like, by Justin Wu, Elementus, Blockchain Growth ( ) LinkedIn Largest ICOs of 2017 Some of the largest ICOs of 2017 year were: : ~$257 Million USD Filecoin : ~$236 Million USD (Lawsuits) Tezos : ~$200 Million USD EOS : ~$153 Million USD (Lost Most Value) Bancor : ~$120 Million USD Paragon The Good Besides the large amount of people who have generated a lot of money through ICOs. The amount of information, technology, services, and general viability of ICOs, has been a very positive change in crowdfunding this year. In fact, ICOs have been so instrumental to crowdfunding that about 30% of all funding this year at the Seed stage came from ICOs. If we take a look at the Investment environment, a lot of promising companies with good initial seed rounds struggled to raise series A and B money purely based off of investor perspectives even if their network effects were quite strong and they had a chance to be profitable. (Investors look for very large ROI and don’t want a company to just become a small profitable business). This created a sizeable number of companies that had raised some seed money but were struggling to continue growing in their markets due to lack of belief and funding from institutional investors, a scenario that left the initial investors without any ROI and the companies slowly burning capital and collapsing. However ICOs turn this problem on their head and are a perfect solution to bridging the gap between two funding rounds. If the company can prove that its product is able to generate sales, then their customers will only benefit from investing in an ICO performed by the company, since they benefit not only from the products but also from their investment in the company’s currency The Bad Blockchain technology still has a lot of problems and questions. The technology has still a series of flaws that make any large scale real-world implementation incredibly impractical. The most common problems are: The more miners on the network, the more you have to pay for their electricity Expensive Transaction Fees: : As the network increases, the constant throughput struggles to keep up with transaction verification Slow Transactions : As the Blockchain grows, fewer people can mine, so more and more of the total pool is controlled by the few who own the mining pools 51% Attacks : If you are scammed, hacked, or mistakenly buy something, the money is gone Irreversibility Current Wallets are incredibly user unfriendly, they do not pass the grandmother test: can my grandmother use this technology? Technical Requirements: Those are just some of the criticisms regarding the technology. Many have also criticized the actual feasibility of Blockchain technology in a market. Medium writer “Kai Stinchcombe” wrote one of the best criticisms of the Blockchain technology we have read on medium: “ ” Ten years in, nobody has come up with a use for blockchain Written by Kai Stinchcombe The Ugly While the above problems with Blockchain technology are pretty bad, there are plans and strategies in place to address these technological issues, however there is still another layer of difficulties. The ICO space is riddled with people who are looking to specifically commit malicious attacks against others. Most of these attacks have been seen as Hacks, Scams, and Securities Fraud that have been committed by dozens of ICOs, and which prompted us to to write our first article, “ ”. Why Most ICOs are Scams From LinkedIn User Douglas Y. Park via LinkedIn The amount of scams, and companies claiming to sell non-securities has also increased exponentially. It has gotten so bad, that two months ago, United States’ Securities Exchange Commission launched a new Cyber Unit specifically looking to . investigate ICOs and Blockchain Companies 2018: The Future Solving the Problems A lot of the issues we currently see in Blockchain technologies are currently being solved by various efforts: : The Raiden Network, Raiblocks and Counterfactual are three major efforts that are currently being implemented to solve both the problem with expensive transaction fees and slow network times by establishing off-chain transactions that can then be settled on-chain without blocking the entire network. There are minor differences between all three implementations but they are all based around state channels and off-chain transactions. Expensive transaction fees and slow transactions Ethereum and consequently many other tokens on the Ethereum Blockchain are looking towards moving to a different trust algorithm, namely proof of stake as opposed to proof of work. This will render any computing power based attacks unusable and thus effectively solve 51% attacks as they are currently defined today. 51% attacks: Multisignature (commonly 2-of-3 transactions) are already allowed in the Bitcoin and Ethereum protocols, which enables an arbitrator to settle transaction disputes (thus effectively reversing bad transactions). Currently we do not know any cryptocurrencies that implement these protocols as default options in their transaction/wallet schemes however, since a solution already exists for this problem it is not a major stumbling block to improve the technology to be easily usable. Irreversibility: Many companies that have ICOd are continuously working towards increasing the user-friendliness of cryptocurrencies and related products by contributing development work to better wallets, more scalable and established schemes such as hybrid token models where the cryptocurrencies are semi-controlled by the company that generated them, as well as other efforts by cryptocurrency enthusiasts to bring awareness and education about the benefits and drawbacks of crypto-economic products. Other technical requirements: Moving Forward A series of services, legal requirements, and technologies, are also being currently developed to protect users against hacks, scams, and scummy practices. As we previously mentioned, the SEC has developed a Cyber Unit with the purpose of debunking scammy ICOs. But also governments around the world are starting to describe the requirements that ICOs have to fulfill in every jurisdiction, as well as better descriptions of their status as securities, utilities, or both. Websites that provide users with information regarding ICOs are also exploding everywhere. Good examples of these services include: : Aims to make Initial Coin Offerings transparent, easy to understand and available for everyone. ICOIndex : An exchange that enables users to safely store and purchase cryptocurrencies Coinbase : A company looking to help ICOs scale, as well as provide with a series of protocols and services for token sales Coinlist All of these services are looking to make and purchase ICOs easier, more transparent, safer, and fair. Conclusion Every year since 2013 has been the greatest year for ICOs. 2017 has no exception, creating a market that is recognizable, and most importantly, bringing enough notoriety to the industry to make it mainstream. As more cryptocurrencies are added to the list, the amount of services, indexes, and websites helping users determine which ICOs to purchase will just continue to increase. We have seen an explosion not only in the amount of ICOs, but also in the options that people have to purchase, trade, and read about them. As we mentioned in “ ”. Anyone who is interested in getting involved with the market, has to take the right precautions to safeguard their investments. What You Need to Know About Managing Crypto-Investments We also make a prediction. We predict that 2018 will be the largest year for ICOs ever, and that there will be at least one Unicorn (a Billion dollar company) born from this revolution. 2018 will also bring with it, the largest amounts of platforms, technologies, and services for the field. We think that these surge of products will hopefully create a society that cares more about the companies and products they invest in, and in return gives power to the users and holds companies more accountable. Looking to help? Support us on Bountey! https://www.bountey.com/bestoficos Want to stay up to date in ICOs? Visit us at https://thebestoficos.com Have an interesting story? Write us at info@bestoficos.com Disclaimer This website and the information contained herein is not intended to be a source of investment, financial, technical, tax, or legal advice. This website cannot substitute for professional advice and independent factual verification. The ideas and strategies on this website should never be used without first assessing your own personal financial situation, and without consulting a financial professional. All content in this website is for informational purposes only, and is provided “as is”, with no guarantee of completeness,accuracy, timeliness or of the results obtained from the use of this website. This is just a stub, your access to and use of this website is conditioned upon your acceptance of and compliance with the The Disclaimers apply to all visitors, users, and others who wish to access or use this website. Full Disclaimers.

2017: A Year in Review - Initial Coin Offerings

While implementing s i found out that the process of implementing it was not that complicated, but there were some hidden facts that took me time to figure out. And as there is no much examples out there about this case i decided to write an article that may be helpful for someone dealing with . In App Subscription In App Billing Play Store First of all you must have a for implementing and testing In App related cases**.** Unfortunately you won’t be able to run InApp Subscription Google Play Developer Account without publishing a signed APK (at least on Beta or Alpha testing) on Play Store . License Key For initializing you will need a . For getting it you must create an application from play store by clicking on filling required fields and clicking on In App Billing public key Add new Application, Upload APK: This will redirect you to the newly created application page (You can fill later on the details for app publishing). Navigate to and copy as we will need it later on: Services & APIs YOUR LICENSE KEY FOR THIS APPLICATION Publishing APK Than you have to upload a signed APK in Alpha or Beta Testing_(in this example i use Alpha Testing)_ by clicking on APK tab > Alpha Testing > Upload your first APK to Alpha: Google will process the APK and . it will take some hours till it is published You must keep the version of apk in your device same with the one that is published, otherwise the In App Billing won’t work Creating a Subscription After the apk is published, you will be able to create a : Subscription (Product) You create a product if app is cannot unpublished Clicking on Add new product will show a popup screen asking you to write details of your product: As we are going to create a subscription, we choose Product ID is a unique id to identify your product. When you want to consume the product from play store, you will use this unique id to identify it. Subscription tab. After creating a product, a page for filling the details of the product will be shown. Fill them based on your needs and now you are ready to go. SETUP provides an easy to use library that is able to handle the payment,subscriptions and querying tasks. You can download it from or from the Google here {SDK_PATH}\extras\google\play_billing\samples. You must create a folder under called and inside it create a package named as: Inside that package you will have to put file found in the downloaded sample or locally from the above told google extras path. You will also have to copy the other files in your projects package . At the time i wrote there were 8 files, in case you forget any: main aidl com.android.vending.billing. AIDL (IInAppBillingService.aidl) (it doesnt matter where, you can create a purchaseUtils package and put inside it) {IabBroadcastReceiver, IabException, IabHelper, IabResult, Inventory, Purchase, Security and SkuDetails}. Do not forget to add BILLING permissions to AndroidManifest.xml: <uses-permission android:name=”com.android.vending.BILLING” /> Initialize Later on you need to create an instance and initialize In App Billing on or wherever it satisfies your needs: IabHelper OnCreate() IabHelper iabHelper = new IabHelper(context, );iabHelper.startSetup(new IabHelper.OnIabSetupFinishedListener() {@Overridepublic void onIabSetupFinished(IabResult result) {if (result.isFailure()) {Log. ("YOUR_TAG", "Problem setting up In-app Billing: " + result);dispose();}}}); base64EncodedPublicKey d /*** Method for releasing resources (dispose of object)*/public void dispose() {if (iabHelper != null) {try {iabHelper.dispose();} catch (IabHelper.IabAsyncInProgressException e) {e.printStackTrace();}iabHelper = null;}} It is a good behavior you also enable (optionally you can give a tag name also) as it will help you debug faster: debug logs iabHelper.enableDebugLogging(true, "YOUR_TAG"); Launch Subscription To launch Subscription panel we have to call You need to provide the you wrote when you created a new Product and a so it can catch it method: launchSubscriptionPurchaseFlow() method. Product id (subscriptionType) REQUEST_CODE (it can be any random integer) onActivityResult() try {iabHelper.launchSubscriptionPurchaseFlow((Activity) context,subscriptionType, ,new IabHelper.OnIabPurchaseFinishedListener() {@Overridepublic void onIabPurchaseFinished(IabResult result, Purchase info) {if (result.isFailure()) {Log. ("TEST", "Error purchasing: " + result);return;}if (info.getSku().equals(subscriptionType)) {if(subscriptionFinishedListener != null){subscriptionFinishedListener.onSuccess();}Log. ("TEST", "Thank you for upgrading to premium!");}}},payload);} catch (IabHelper.IabAsyncInProgressException e) {e.printStackTrace();} REQUEST_CODE e e then you handle it with a help of method: handleActivityResult() @Overridepublic void onActivityResult(int requestCode, int resultCode, Intent data) {if (!iabHelper.handleActivityResult(requestCode, resultCode, data)) {super.onActivityResult(requestCode, resultCode, data);}} Consume Subscription Details You can also get subscription details for displaying or verifying them through method. It queries details asynchronously, hence it is safe to call it from UI thread: queryInventoryAsync() try {iabHelper.queryInventoryAsync(true, null, skuIdsList, new IabHelper.QueryInventoryFinishedListener() {@Overridepublic void onQueryInventoryFinished(IabResult result, Inventory inventory) {if (result.isFailure()) {Log. ("TEST", "Problem querying inventory: " + result);dispose();return;} d for (String skuId : skuIdsList) {  
    SkuDetails sku = inventory.getSkuDetails(skuId);  
    if (sku.getSku().equals(skuId)) {  
    Log._e_("YOUR\_TAG", "Product Price:" + sku.getPrice());  
    }  
  }  
} });} catch (IabHelper.IabAsyncInProgressException e) {Log. ("TEST", "EXCEPTION:" + e.getMessage());} e skuIdsList is a List of Strings where multiple Product Ids are stored Test For testing you will need to add your testing email on located on tab of Google Play Account Details. This way you won’t get charged when you subscribe: LICENSE TESTING Settings Note that you cannot subscribe with the same Developer Account you used to publish the app. You must open your play store on device with different account Thats all! tl;dr; i wrote about In App Subscription. You can include that in your app. Than you can initialize it’s instance in method or somewhere you find it most suitable for your case: Here is a gist SubscriptionUtil.class onCreate() subscriptionUtil = new SubscriptionUtil(context); release resources on : onDestroy() @Overridepublic void onDestroy() {super.onDestroy();if (subscriptionUtil != null) {subscriptionUtil.dispose();}} handle requests on : onActivityResult() @Overridepublic void onActivityResult(int requestCode, int resultCode, Intent data) {if (!subscriptionUtil.getIabHelper().handleActivityResult(requestCode, resultCode, data)) {super.onActivityResult(requestCode, resultCode, data);}} If you want to consume subscription types, create a list with of those subscriptions you want to consume and send them as request using method: Product Ids getSkuDetailsList() ArrayList<String> skuRequestList = new ArrayList<>();skuRequest.add("first_product_id");skuRequest.add("second_product_id"); subscriptionUtil.getSkuDetailsList(skuRequestList, new SubscriptionUtil.SubscriptionInventoryListener() {@Overridepublic void onQueryInventoryFinished(ArrayList<SkuDetails> skuList) {//Do whatever you want with list of SkuDetails}}); If you want to proceed with subscription, you can send an object of that subscription(SkuDetails object) to method: initSubscription() subscriptionUtil.initSubscription(skuDetailsObject.getSku(), new SubscriptionUtil.SubscriptionFinishedListener() {@Overridepublic void onSuccess() {// }}); Do whatever you want on subscription success And you are good to go :)

InApp Subscription Setup and Testing-V3 API (Android)

Magento 2 was released in 2015, but official support for Magento 1 lasted until mid-2020. Although many eCommerce websites still run on the older version, the need to move to the newest became acute. There are some misconceptions about the complexity of switching and possible performance issues in M2. These fears hinder business owners from upgrading their stores. You should know how to migrate in the right way, how to optimize your Magento site’s speed, and how to tackle common challenges that occur after launching a Magento 2 store. In this article, we’ll concentrate exactly on the latter. Magento 1 vs. 2 Key Distinctions Magento 2 is a platform that was a direct descendant of Magento 1. The development team behind Magento 2 made the decision to build the next version based on the same functionality, only with more . advanced design features, scalable architecture, and modern technologies , which means it’s more suitable for higher loads, featuring better indexing, built-in support of popular caching solutions, various improvements in database and code functionality, faster checkout, and an emphasis on the mobile experience. Magento 2 is more focused on performance and scalability than Magento 1 Magento 1 vs. 2 Resource Requirements In addition to bug fixes, integrations with other systems are often pushed to the after-launch period. This is the time when you need to link Magento 2 with different CRMs, ERPs, and internal corporate software that aren’t considered vital for the initial store launch. One of the obstacles of migration is . Magento 2 can be several times hungrier for your server resources than M1. While your real system requirements will heavily depend on your usage pattern, we can at least shape your expectations a bit. the spike in resource needs Take a look at the specs. PHP M1 – 512 MB. PHP M2 – 2 GB. An x4 growth! It doesn’t have to be this big, of course. But depending on the functionality (installed extensions and customizations, traffic and store layout, the number of SKUs, and product structure), expect the load to rise by at least 30-40%. So a store that used to work on several servers could migrate to a 3-server setup, where for Magento 1, you could do just fine with a simpler hardware solution. Magento 1 vs. 2 System Requirements Magento 1 starts to show its age. It was first released in 2007, which means it’s already 14 years old. The Magento development team does not provide M1 with quality and security updates anymore. One of the distinct differences that shape Magento 1 vs. 2 performance is system requirements. These are important because technology defines the breadth of solutions and what you can do to your store. To better understand the widening gap between M1 and M2, take a look at the table: Technology Magento 1.9.x Magento 2.4.x Web Server Apache 2.x Apache 2.4 Nginx 1.7.x Nginx 1.8 PHP Version 5.4, 5.5, and 5.6, later versions patched to PHP 7 7.3, 7.4, 8.1 Database MySQL 5.6 (Oracle or Percona) MySQL 5.7, 8.0 MariaDB 10.2, 10.3, 10.4 Cache Management Redis Memcached Varnish 6.x, 6.2, 6.4, 6.5Redis 5.0, 6.0 Memcached Search Apache Solr (M1 EE only) Solr 4.x (native support ended with M2.1) Elasticsearch 7.6, 7.7, 7.9, 7.10 From the get-go, you can notice . The most important here is Varnish. a few brand-new technologies that Magento 1 doesn’t have Don’t get us wrong. Varnish is still available for Magento 1, but it’s only supported through a third-party module. On the contrary, Magento 2 supports Varnish natively from the standard configuration menu. Magento 2 is better optimized to use Varnish as a caching solution. Tight integration with Magento 2 offers developers a simpler approach to turning Varnish on. Using Varnish for Magento 1 is more cumbersome and involves a more convoluted installation process. Improperly installed Varnish introduces new stability risks to the system, which means Magento 2 is a winner here since M2 installation is way easier. 1. Add Varnish to Magento 2 to Improve Response Time In stark contrast to Magento 1, . Varnish as a solution is well integrated into Magento 2 and even gets a recommendation from the Magento development team. Varnish’s installation for Magento 2 is relatively easy We also advise that you use Varnish instead of that’s set as the default solution. Magento’s full-page cache Compared to the Magento 1 Varnish setup, all you need to do is make sure Varnish is installed on your server, then go to your Magento Admin panel and switch to Varnish cache. Even though is way easier to set up, you still need to be careful: Varnish for Magento 2 Take into consideration cacheable=false blocks which will hurt your web store if configured incorrectly. Make sure content with undefined TTL is taken care of as well. You can turn Varnish on at Stores > Configuration > Advanced > System > Full Page Cache. 2. Solve Perceived Performance Slowdown in Magento 2 M2 performs better than M1 because of access to Varnish, , and even the default full-page cache. Redis But despite all this, some long-time Magento users still complain that Magento 2 feels sluggish compared to Magento 1. While this is not actually true, it shows why perceived performance is important for user experience. Depending on the configuration, a Magento 2 site can be 2-3 times faster than a similar Magento 1 store. The issue is in the fact that Magento 2 loves its frontend dynamic AJAX code. And AJAX will display spinning wheels anywhere on the page where the content is not yet ready for display. This constant spinning can give users the impression that the site has slowed to a crawl when in fact, it’s ready for interaction. A quick workaround would be to change how Magento 2 shows your customers what it’s doing. Instead of using an out-of-the-box busy wheel for every operation, Magento 2 can just pop in new content into the page once it’s ready. A good addition to this content load approach could be the introduction of a pattern. Lazy Loading uses placeholders or blurred pictures instead of real images to improve user experience. It can be implemented using a . lazy loading lazy loading extension 3. Install Elasticsearch to Boost Search Performance Elasticsearch is an extremely useful search acceleration tool that has only grown in popularity since the M1 release. For Magento 2, you no longer need to purchase a separate extension. , while for Magento 1, you’ll have to buy a third-party extension to use it. Magento 2 supports Elasticsearch natively Native support has three main advantages: Native Elasticsearch is obviously free, which is nice Native support means Elasticsearch will update with Magento; no need to worry that something breaks along the way You enjoy enhanced stability with fewer compatibility issues with core Magento All you need to do is install Elasticsearch, then go to and turn it on. Stores > Configuration > Catalog > Catalog > Catalog Search Elasticsearch is an integral part of Magento 2. Learn how you can install and configure it on the . official Magento 2 portal 4. Choose Reliable Third-party Modules to Avoid Security Issues By default, Magento 2 offers an optimal security level. Therefore, there are no additional configurations needed to protect your M2 store. However, the threat might come from numerous third-party modules, either ready-made or custom. The root of possible problems is an unoptimized code. In this case, there are two main recommendations: purchase Magento 2 extensions on trusted marketplaces like the official one. The second way is to order custom modules from certified Magento experts. Magento 5. Draw Attention to SEO Recovery Moving to Magento 2 inevitably leads to substantial losses in terms of SEO. Your store’s ranking in Google will deteriorate anyway because of rebuilding and changing URLs. Besides this, keep an eye on duplicate content as well as localization and multi-store-related SEO issues. To Conclude As we see, pitfalls that you may face after switching to Magento 2 are not so dramatic that you refuse to move to Magento 2. After all, the instant and distant advantages of the up-to-date CMS outweigh discomfort and problems during the migration process.

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