This piece will be a four part series in which I will be introducing the DataBroker DAO project, analyzing the challenges and solutions, how it works and its use cases, and then finally reviewing the project ICO/token sale. Project Introduction At first glance word DATABROKER is a combination of two words DATA and BROKER, so by default it gives an idea of what the platform is about; buying and selling of data. Sounds simple and easy enough? Not quite. Let’s dive into some facts; Smart devices like our smartphones, home appliances or even vehicles gathers and exchange data on the go with IoT (Internet of Things) sensors embedded in them Technological innovations needs these authentic data to monitor and optimize their operations, but most are limited by the cost of gathering it IoT sensors are very expensive to buy and install (over $600 billion is spent on IoT sensors yearly) The data gathered by IoT sensors for most devices serve a specific purpose and the...
The cryptocurrency space has repeatedly come under different forms of malicious attacks to date with traders, exchanges and blockchains being targets of these attacks at different points in time losing millions of dollars worth of cryptocurrencies in the process. Bitcoin, ethereum, and the majority of other blockchains run on the proof of work PoW consensus algorithm. This has proven time and time again to be not only inefficient but also insecure. Insecurity of PoW All blockchains that run on Pow are vulnerable to a malicious attack called the "51% attack". A 51% attack is possible when a mining pool is able to attain more than 50% of the whole hashrate in a particular blockchain's network. When a mining pool or miner gains this, they will be able to rewrite the blockchain ledger (blockchain reorganization) and then steal the native cryptocurrency of that blockchain through an act called a "double spend". 51% attacks are not fictional this is a very ...
Joy Token Joy token revolutionizes the online casino industry using the blockchain technology to create a platform where the players, the game developers as well as the casinos can all have a level playing field to transact safely and fairly. Joy Token's Solutions to Existing Problems Joy's Solution to Fraud and Calculation of Rewards: Using a blockchain where all information about transactions and earnings are recorded in nodes that cannot be tampered with, Joy token is governed by a smart contract and uses it in the generation of rewards based on gaming actions; meaning gamers are paid their winnings fairly and developers are also rewarded fairly per every game played by the players. The developers also have access to this smart contracts to inspect the fairness before the integration of their games. Joy's Solution to Game Integrations: Joy allows game developers to develop and integrate games to run on its backend through smart contracts. The Joy ga...
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