Category Archives: Technology

The Lightning Network

Implementations such as a private Lightning client, Lightning Network Daemon (lnd), will allow wallets to make these types of payments “seamless in the long-term.” They could also result in very cheap transactions, he added.

Several cryptographers practical on the privacy-minded cryptocurrency Zcash, as an example, have proposed BOLT, a new emblem of lightning-style micropayments tech that also preserves the network’s anonymity. And project developers have hinted the technology is being worked on, even though it’s not clear when it will launch.

Padiou proved out his eclair Lightning client on Litecoin’s testnet before Litecoin activated Segwit, and happily assert that “it worked out of the box, all we had to do is change a few configuration parameters.” 16 days later, within two hours of Segwit activation, Blockstream programmer Christian Decker sent the very first Lightning repayment to fix on Litecoin’s main reticulation.

Scalability was the first major motivator for Lightning, as Bitcoin’s distributed nature hugely limits the transaction rate of the network. While Visa can process tens of thousands of transactions per second, Bitcoin’s network is bounded to less than 10 per second. Another motivator for Lightning’s development is that the Bitcoin blockchain’s “block confirmation delay” is approximately 10 minutes long. That means it takes 10 diminutives for a bitcoin process to confirm. Further, transaction fees on the Bitcoin blockchain can run between 5 and 10 cents per transaction, rendering micropayments infeasible. Lightning Network, as oppose, can enable near-instant transactions, at a rate of thousands to millions per second, with fees of a fraction of a penny (or even liberated).

terryRabRedditor for 9 months. 14 points15 points16 points 4 months ago (2 children)This is not my answer but I found it on the ARK subreddit from about a month ago: “While the smart bridge can be used to substitute ARK from one quoin to another, it seems like the technically pleasing obstacle the smart-bridge hurdles is being able to trigger smart contracts on other chains from ARK. Let’s say there is a particularly useful app or smart contract on Ethereum that you want to integrate with a dapp you built on another chain, say NEO. The smart bride can personate as an intermediary between the two irons and their contracts. Atomic stroke at the moment is a benefit of segwit and the lightning network. It is only available on invent that have implemented these take policy (BTC, LTC, VTC). Ethereum has a very similar protocol to the lightning network called Raiden, but it doesn’t allow for atomic swaps because it is only similar to lightning, not actually lightning. Once listeners are in place, ARK has no reliance on the secondary blockchain’s procedure.”

The Internet of Things (IoT)

The Internet of Things (IoT), also sometimes referred to as the Internet of Everything (IoE), consists of all the web-endow devices that collect, send and act on data they acquire from their surrounding environments using fixed sensors, processors and communication ironmongery. These devices, often called “connected” or “smart” devices, can sometimes talk to other related devices, a process assembles machine-to-machine (M2M) communication, and act on the intelligence they get from one another. Humans can interact with the gadgets to plant them up, give them instructions or attack the data, but the devices do most of the work on their own without human intervention. Their existence has been made possible by all the tiny mobile components that are available these days, as well as the always-online nature of our home and business networks.

It’s a must peruse book for anyone who was feeling rare about the internet of things and think of making investments in IOT products. Not much has been said and revealed about this quantum leap of technology. But, this book is written to become every entrepreneur, executive, an investor familiar with growth, possibilities, and roadblocks in living with connected products. Daniel Kellmereit and Daniel Obodovski write this set. Reading this account book will provide you a great sight of the chances of living with connected devices shortly.

The IoT is now a reality due to the convergence of several technologies A “thing” is an object with embedded electronics that can transfer data over a network — without any human interaction. Wearable devices, environmental sensors, machinery in factories, components in a vehicle or devices in homes and buildings can all be connected to deliver insights and drive transformation. So opine if you had smart devices in your home, your car, your workplace ─ or even on yourself. The Internet of Things can make life easier and reinvent the highway we interact with the physical world. Learn more

The original idea of the Auto-ID Center based on RFID-tags and unique identification through the Electronic Product Code, however, this has evolved into objects having an IP address or URI. An alternative look, from the world of the Semantic Web, focuses instead on making all things (not those electronic, smart, or RFID-enabled) addressable by the existent naming protocols, such as URI. The objects themselves do not converse, but they may now be referred to by other agents, such as efficacious centralized servers acting for their human owners.Integration with the Internet implicates that devices will use an IP address as a unique identifier. Due to the restricted address space of IPv4, objects in the IoT will have to apply the next generation Internet protocol (IPv6) to scale to the so large address space required. Internet-of-things devices also will benefit from the stateless address auto-configuration present in IPv6, as it reduces the configuration overhead on the hosts and the IETF 6LoWPAN lintel compression. To a large extent, the future of the Internet of things will not be possible without the support of IPv6; and therefore, the global espousal of IPv6 in the coming years will be critical for the successful development of the IoT in the forward.

Digital govern systems to automate preserver controls, operator puppet, and service information systems to optimize safety and security are within the purview of the IoT. But it also extends itself to asset management via predictive maintenance, statistical evaluation, and measurements to maximize reliability. Smart business management systems can also be integrated with the Smart Grid, thereby enabling real-time energy optimization. many of networked sensors provide Measurements, automated controls, plant optimization, health and safety management, and other activity.