Five Blockchain Projects Changing the World
The Blockchain is changing the world not only in Technology and Economy, but also in social relationship and organization architecture.
SmartMesh.io
While all blockchains are based on Internet, SmartMesh can extend blockchains outside the boundary of Internet. By embedding blockchain and an off-chain architecture node (Raiden-SmartMesh extension) into smartphones, this forms a Mesh network by directly connecting smartphone to smartphone, or smartphone to smart devices, off-internet communications and payments are made possible. Large scale of edge computing or fog computing will be available. SmartMesh can potentially connect 40 billion people unconnected and bank 20 billion people unbanked, it is the basic protocol for Internet of Things and Internet of Everything.
bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto in 2009. This was the beginning of the blockbitchain.
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Lightning Network is a proposed solution to the bitcoin scalability problem. The software uses an off-chain protocol and is currently in alpha phase of development. It features a P2Psystem for making micropayments of digital currencies such as bitcoin, Litecoin, Vertcoin or Groestlcoin through a scale-free network of bidirectional payment channels without delegating custody of funds or trust to third parties.
IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain. The main purpose of IOTA is to serve the machine economy by enabling feeless M2M (Machine-to-Machine) payments.
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