The modern era started a compelling, broad, and imagination-inspiring time where people’s experiences and reality is extended by means of merging the physical and virtual world. It fulfills to an advanced technology called Extended Reality (XR). It incorporates Virtual Reality, Augmented Reality and newly-developed immersive technologies, combines and engages users at more profound, more meaningful levels. It creates wholly new ways for people to experience the world around them. But how can users fully benefit to this innovation?
XR Web is pioneering the development of this augmented reality layer of the internet and is creating the central platform tools and foundation. The XR Web is developed on a blockchain to have security and trust as core principles of this new platform focusing on the use of Extended Reality (XR).
How XR Web Works
XR Web operates by enabling anyone to build XR Apps on the network utilizing the extensive collection of development tools available on XR Development Suite. Content Creators also develop content for consumers to consume. The charges generated from the use of the platform/network is therefore distributed amongst network participants and XR stakers. XR Web enables users to buy and lease lands on the XR digital space and command real economic advantages from it.
1. Developers create XR apps on XR network using our suite of development tools, allowing them to publish either on web or mobile or both.
2. XR apps are communicated broadly into the community for active users.
3. Transactions happen on XR Web utilizing the XR token which is recorded in XR Network by geolocation.
4. Holders stake XR tokens on XR Web qualifying them to receive XR tokens from different sources based on their holdings and staked amounts.
XR Web Application Types
XR Web enables developers to build geolocation powered applications extending personalized experiences to users based on collected information on their location. Such apps incorporate but not restricted to Games, Social Medias, Advertising network, etc.
Applications utilizing cryptocurrency to power their digital economy can is possible to develop inside the XR Web network. The cryptocurrency could be applied for staking, purchase of digital assets with real-world values, payment for services, etc.
By theory, XR apps can be used without AR/VR but XR Web considers most future apps should be in AR/VR. Virtual Reality/Augmented Reality can be created on the top XR Web to offer ultra-secure and loaded engaging experience to users. Apps such as Games, Shopping/Retailing Apps, Real Estate apps can be built on XR Web.
Possible XR Apps That Can Be Built On XR Web Network
XR Social Media
Extended reality (XR) is already influencing social media and has impacted for several years. AR is taking over the most widely used social networks in the world such as Facebook, Instagram, and new AR technology is created all the time. Additionally, these top social networks are very much helping people to not only utilize their AR features, but even to design their own AR experiences by providing the tools they necessitate to build AR camera lenses and effects. Brands, too, are starting to use this technology more and more, but the most significant innovations will likely come when all XR experiences are available in one platform.
XR Home Sharing
Home owners can set part or whole of their homes or other resources for rent. Rental period can be hold any period home-owners require and the incomes can again be shared with several stakeholders that includes property owner, operator, network operator, insurance, etc
XR Deliveries (Food & Others)
XR Web network can be worked to safely and securely transport food and other products from one point to the other.
Interactive and immersive gaming is revolutionizing how gamers play/consume entertainment contents. With XR Web, users can traverse both visual, augmented or mixed reality content playing, get drawn into a new reality and experiencing new levels of interactive and entertaining actions.
The capacity to virtually project oneself into a virtual world with superimposed products on the physical spaces, peruse within a broad list of products, working them out to see how they work out and buy from anyplace is revolutionary game evolving and it is poised to provide a new meaning and experience to shopping.
XR Location based Advertising network
By employing the XR Web technology, app developers can develop apps that are customized and user focused to give advertisement accurately while relishing immersive and interactive on multiple locations.
Personal Mobility / XR Ridesharing & Carsharing
XR Web technology advances the ability for users to experience unique and distinct ride sharing experiences and car sharing activities. Rides can be shared between the car owner, driver, rider, insurance companies and other stakeholders while sustaining a blockchain ledger of proof of the location of all assets.
XR Real Estate
Real Estate is ever in demand as people will prefer to get a property. Though, the achievements of any estate agent or developers extends in their innovation in promoting products and enticing clients. With XR Web technology, Real Estate developers can support potential customers and tenants to inspect properties without having to be physically present.
The applications above are just samples of potential applications that can be built using XR Web platform. They can be created by different companies which can be connected or not associated with XR Web’s legal entity. The creators of the applications will have options on how much of the network charges and transaction fees. For transaction fees, the makers of the app can choose how much they want to deal with XR Web stakers, with a point of 0.5%. Higher sharing will accommodate to build a higher following to XR Web users and such market dynamics should end in a sharing arrangement that works for both application developers and XR Web.
XR Web Ecosystem Security
XR Web are aware of the fact that alongside new technology is accompanied by risks. Inside XR Web’s platform is sufficient standards put in place to resist threats at the network or application level or both by continuous auditing of network and application layer, internally and externally for security concerns. Also, evaluation of Applications to be started on the XR Web Network.
XR Web Network’s intention to revolutionize the use of extended reality (XR) is not just a promising proposal, but a possibility that can lead to significant and extraordinary achievements using the future apps built on their platform. Their whole system architecture, stability, and security utilizing blockchain technology are enough certainty on what it can bring to every industry and consumer, innovating products and services, making processes easier and accessible.
To know more about this project, visit their site at http://xrweb.networkor you can follow their official social media pages below:
For nearly 20 years, CPUs evolved at an incredible rate
Following Moores law, CPUs doubled in speed roughly every eighteen months until the mid-2,000’s, when companies began exploring new multi-core design. Eventually, processors would become quad core, then hex-core, then octo-core and more, as tech companies began searching for ways to design the fastest and most efficient machine. Now, adding on additional cores to the CPU does not necessarily mean that the computer was faster, but rather allowed multiple programs to run at once. When the limits of single core processing were thought to have been reached, engineers devised clever ways to keep increasing the power and capabilities of computers.
The closest thing to a blockchain equivalent of a CPU would be a node
A node is any electronic device that connected to a blockchain’s network, and stores a copy of that blockchain.
Nodes take care of three aspects of a blockchain.
• First, they are in charge of the computational component This is the component which most people will understand as hashing the transactions and creating the blocks.
• The second element is the storage of the results in the ledger
• The third component is the consensus, that is, notifying the data is correct.
The first and third elements are generally reliant on the computational power of each node and the speed each transaction can be processed. The storage is reliant on a slightly different aspect ma node’s performance.
The current node setup is where one node is made up of one computer, essentially a single core CPU. The problem with this is that in order to improve the performance of the network you must improve the performance of every single node. Improvement is definitely needed. We continue to see instances where blockchains become congested, they slow down or become too expensive to be used. This directly relates to the performance of the nodes. Engineers have had to be more intuitive with their solutions, and it shouldn’t be a surprise that there have been a wide variety of ways that blockchain developers have sought to improve this technology. Common solutions have been to try and increase block size (increasing the rate that information can be processed, but this also increases the rate at which the blockchain grows), writing simpler smart contracts, or improving the consensus mechanism to make the network less reliant on all nodes (which often comes with the side effect of losing some decentralization).
But none of these solutions address the issue at the heart of the blockchain scalability problem-that as a blockchain becomes more popular and successful, there will inevitably become a large backlog of transactions that will need to get verified with each successive block, and the blockchain will eventually slow down. This is further frustrated when smart contract platforms, like Ethereum, need to run non-competing smart contracts sequentially, taking up time and processing power.
One could theoretically add more performance to the one computer, but this quickly gets out of proportion quickly for the cost vs. benefit ratio. Put this aside then one would reach the physical limit of the developed technology. But even before we reach this point, they are two more limiting factors that come into play, first by running one transaction at a time; there will clearly be limiting factors in that each transaction needs to be processed will take time and this minimum time cannot be reduced further. But on a second level, we have the physical write speed limit of the data storage. You cannot physically write data faster than the Hard-drive on which it is stored on.
An approach which has eluded developers until now is the concept of adding more than one computer to an individual node. Similarly to a CPU which now runs multiple cores simultaneously, aelf has tackled this approach head-on. The problem with this lies in just two words, transaction dependency. I go into this in more depth in my article on parallel processing. But in essence, once transaction dependency has been resolved, then one can start adding multiple computers into the one node.
By creating nodes that are made up of multiple computers which can run in parallel, aelf is able to process non-competing transactions at the same time. Just like multiple cores M a processor allows a computer to run multiple programs at once, multiple computers in a node allow a blockchain to verify multiple transactions at once. This also means the nodes are scalable the natural problem to blockchain’s previous lack of node scalability. Computers can be added or subtracted from nodes, meaning that if the transactions grow more complex, or there are other changes in the blockchain, the nodes can adapt to meet the new demands of the blockchain. This flexibility is crucial for any project which plans to last well into the future.
This has fixed the computational component of blockchain speeds, but we still have the problem of data storage speeds. Aelf has also come up with an innovative approach. That is, to split the data storage process from the computational processing component To explain this in simple terms, you could say an aelf node will be split into two clusters. One cluster of computers will focus on the computational processes, while the second cluster will focus on the data storage component. This has now removed the physical limiting factors for both layers. By default the blockchain ledger will now be stored on a cluster of computers rather than on every single computer. Technically speaking, a complete ledger will still exist on every node.
By having this approach, aelf simply needs to add another computer onto a node in order to improve the sociability of the blockchain. Many projects talk about their block-chain as being scalable, but none have resolved these core issues in such a manner which future proofs it from bottlenecks. Aelf is implementing a solution which is viable for the current and future needs of blockchain adoption. They have also designed the ecosystem in such a manner to allow for it to evolve according to future needs. This allows elements like the Consensus Protocol to adapt should a newer Protocol be developed with higher security, or a side chain’s requirements change.
Author: Cole Gibson
Originally posted at Coincentral
Before it became intertwined in the controversy surrounding Facebook’s misuse of data, Cambridge Analytica was planning to raise funds for a new digital currency. According to sources at Reuters, the firm was looking to raise as much as $30 million for their cryptocurrency project.
Brittany Kaiser, former employee of Cambridge Analytica, stated in an interview that the intended purpose of the firm’s proposed digital currency was to help people secure and control their online data.
“Who knows more about the usage of personal data than Cambridge Analytica? So why not build a platform that reconstructs the way that works?”
The irony in Kaiser’s statement is glaringly apparent, seeing how recently the company has been all over headlines for obtaining the personal information of almost 87 million Facebook users.
A spokesman for the firm went into more detail about the proposed tech:
“Prior to the Facebook controversy, we were developing a suite of technologies to help individuals reclaim their personal data from corporate entities and to have full transparency and control over how their personal data are used,” the spokesman stated. “We were exploring multiple options for people to manage and monetise their personal data, including blockchain technology.”
Before Cambridge Analytica’s push into the crypto market was halted, the firm pitched its services to multiple digital currency startups as an ICO. Blockchain technology consultant Jill Carlson was present at one of these meetings. Carlson believed that the company’s pitch was contrary to cryptocurrency’s raison d’être:
“The way that Cambridge Analytica was talking about it, they were viewing it as a means of being able to basically inflict government control and private corporate control over individuals, which just takes the whole initial premise of this technology and turns it on its head in this very dystopian way,” .
Her view on Cambridge Analytica’s digital asset almost comes off as an ominous warning. However, even prior to the Facebook fiasco, the firm had received its fair share of criticism. During the 2016 election, the consultancy was hired by President Trump’s campaign to craft political messages for online audiences.
The future of Cambridge Analytica’s digital currency is unsure, and they are not the only legacy company competing to enter into the crypto market. Firms all over the world are working on their own coin offerings in an attempt to raise capital. This year, organizations have raised $3.5 billion through offerings such as these, according to research firm Autonomous Next.