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Should you consider EOS for your blockchain development?

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The world has witnessed a massive technological advancement. People dealing in digital currencies demand a safe and secure environment. But the traditional forms of blockchain development have some loopholes. And the latest technologies are thus being introduced in the market. One such platform is EOS.

We will discuss everything you must know about EOS in this article so that you can ensure whether to consider EOS for your blockchain development or not.

What is EOS?

In short, EOS is a cryptocurrency. The smart contract platform of EOS blockchain development removes transaction fees and its potential to conduct millions of transactions every second. This particular fact is helping it to earn the blockchain investors’ trust.

Its primary objective was to offer a straightforward interface for facilitating blockchain development. Another attractive feature of EOS was that it eliminates the gas fees for transaction processing.

Should you consider EOS for your blockchain development?

Features of EOS:

The few features that make EOS preferred are given below:

  • Convenience:

EOS offers convenience in several aspects of developing blockchain, including EOS wallet development. The bare-bone interface is useful for developing DApps. It can also be used to deploy private, public, permissionless, and permissioned infrastructures of blockchain. The EOS smart contracts allow you to make custom business logic and programmable governance.

  • Performance:

It offers top-notch TPS rates. Thus, it is the best for developing mission-critical blockchain apps. EOS is also proved to show superior performance and eliminates the latency rate of sub-second block time. It also keeps the accuracy intact.

  • Upgradability:

EOS allows the developers to change and upgrade the code besides improvising it. This feature of EOS contributes to flexibility. The developer-friendly nature of EOS is another side that makes it a blockchain software that is preferred for expanding tools, products, and features.

  • Measurability:

It is proved that EOS can potentially process and measure millions of transactions every second. It is made possible by the incorporation of advanced DPOS technology that further enhanced the efficiency of the framework of EOS. Even with having a massive user base, there are no performance issues.

  • Consensus protocols:

The correct algorithms furnished with EOS give it an upper hand. DPOS mechanism in EOS enhances its functionality.

  • Parallel processing and Multiprocessing:

EOS successfully reduces the excessive load on a program, as there exist multiple processors. Horizontal measurability improves transaction speed. And vertical measurability boosts the processing power. Asynchronous communication fuels time management assets and smoothens communication.

The end-to-end encryption contributes to the security of EOS. All the verification standards and safety norms are used while developing EOS. Trouble-shooting is also added to the blockchain platform.

How does EOS work?

A validator’s coin or EOS token gets locked up as stakes. Then, the validation starts, and the betting system is activated.

The validators now think about the blocks that are possible to add to the chain and put a bet on them. If the block gets added, based on their bets, validators are rewarded.

Role of DPOS in EOS blockchain:

DPOS (delegated proof-of-stake) is a consensus system for seamlessly channelizing cryptocurrency transactions. Additionally, it is backed up with speed and security. In cases of malfunctions, it entertains the longest chain automatically.

DPOS protects blockchain as it depends on the voting process. Being a decentralized framework, it contributes to feasibility both for the business and the user. Besides being usable and reliable, it is faster, cheaper, and more efficient, making it ideal for a decentralized system.

The payment system in EOS:

EOS is a cryptocurrency of EOS.IO. Free transactions, a popular advantage of EOS for being a preferred software.

The holder’s EOS coin owns a network instead of any transaction fees or renting virtual machinery. For instance, if you possess EOS’ 3% of coin stakes, you own 3% of network strength for processing the transaction, thereby allowing free transactions. Just like any other crypto, one can possess, get, or give away funds among digital EOS wallet ledger.

Business application of EOS:

Blockchain can be beneficial to your business. And blockchain technology can be used in different ways in business. Some of the business applications of EOS are described below:

  • Cryptocurrency:

You can use EOS as a tool for investment in a cryptocurrency or crypto space. The proof-of-stake system provides mining power to the blockchain. Because of no transaction fee, it is popular among developers.

  • High-end transactional DApps:

EOS blockchain can be applied in DApps that require a massive capacity of transaction. EOS stabilizes user authentication at different levels. And thereby, it allows anyone to develop a DApp, run it, and authorize it while sharing data among users.

Conclusion:

EOS comes with countless features. And, this makes it one of the most assured blockchain platforms in the world of cryptocurrency. Opt for EOS development services for developing efficient apps.

Moreover, the business applications of EOS have already popularized it across the world. We can expect EOS to expand more in the foreseeable future and will overpower the traditional applications of blockchain.

Should you consider EOS for your blockchain development?

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Choosing a Distributed Ledger Technology

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Executing an IT project requires you to depend on the software that is well documented and has a better and active developer community. Having an active community and strongly responding developer community helps in searching out information for your project easier.

The active support and a great performance from the software help in steering programming and fixing bugs. Even the blockchain system’s development is more similar to this. Thus, opting for Distributed Ledger Technology (DLT) can be an advantageous option if users want to derive out information.

So, let us talk more about it below.

Choosing a Distributed Ledger Technology

Criteria to look out for:

So, in recent finding, it is concluded that Blockchain Research Lab had been associated with selecting the DLT to facilitate the DiBiChain blockchain project. To make the products more optimized, this project was liable enough for creating a virtual picture of the product’s life cycle.

From the vast list of available DLT creation services, any one of them can be used to formulate DibiChain. So, among the large number of DLTs, anyone with the vastest technical characteristics can be used.

However, there are many other criteria that you can consider before selecting the apt Distributed Ledger Technology, like the documentation’s quality, how well the community is active and how popular the technologies are.

Study of 15 different DLT technologies:

Some recent reports have been published as an assessment based on the explorative scrutiny of resources and community of candidate technologies. In that report, 15 different DLT implementation and integration technologies were scrutinized based on the present document, their popularity, and how effective the developer’s community is.

The 15 technologies, which were scrutinized, are also studied based on the connection with resources such as Whitepapers, documentation, video channels, Whitepapers, and chats. The name of the DLT technologies is Bitcoin, Cosmos, Corda, Hedera Hashgraph, Hyperledger Fabric, Ethereum, Hyperledger Iroha, IOTA, Hyperledger Sawtooth, Quorum, Tupelo, MultiChain, WRMHL, Stellar, and Tendermint.

The result after scrutinization:

Upon scrutinizing, it is found that technologies that are of Hyperledger, Corda, Ethereum, Quorum, Bitcoin, Tendermint, Hedera Hashgraph, and Stellar have complete documentation amongst others.

However, all DLT implementation technologies have a dedicated community for group chats with developers that can be contacted and be asked for help.

Utilizing the GitHub metrics:

Another analysis was made with the GitHub metrics for finding the collaborative effort made by the open-source DLTs in comparing one another. On GitHub, analysis was based on three things, i.e., the “fork,” “stars,” and “commits.”

These three metrics determine DLT’s effort on helping the public with a generalized interest in knowledge and also analyze the effort that was devoted by the Distributed Ledger Technology.

So, here somebody utilizing “stars” means it points out a certain that technology has helped them throughout the project, and they want them to take their help in the future. The term number of “forks” refers to the number of projects that the developers have worked on. And from the developer’s side, they use “commits” to deliver the changes that they have made in the project and distributed them to the common people.

So, based on all three factors mentioned above, Ether and Bitcoin came on top considering all three factors.

On the other hand, Hyperledger Fabric performed well when compared to other technologies in terms of several forks and stars. This makes it certain that their community has a solid curiosity for this particular technology.

In contrast, others such as Corda, Stellar, Quorum, and Tendermint were close in terms of “stars” and “forks.” Ethereum, Quorum, and Hyperledger Fabric have an equal number of commits, and that determines their dedication towards the project. However, Quorum technology is a part of Ethereum. Thus, it gets all the commits obtained from the parental project of Ethereum.

And to trace out if the development of DLT integration technologies is still going on actively, the particular date of the newest “commits” need to be considered. This explains if the technology is actively participating or not.

Hence, only two from the long list have last been active for one month. Like MultiChain and Cosmos, these technologies have been active in the last eight months and three months, respectively. And this, therefore, determines that most of the current open-source-based development communities are inactive.

Conclusion

It is derived that the study here unfolds the differences between different DLT blockchain technologies.

Technologies and their developer community such as Bitcoin, Ethereum, Stellar, Quorum, Tendermint, Corda, and Hyperledger Fabric have done better work by investing their time and effort on delivering the project.

On the contrary, many other technologies have better resources that can support the better development and formulation of the blockchain project.

So, all these analyses and their result can help you determine which Distributed Ledger Technology to consider, so that can be useful for your project and help you advance your DLT-related project.

Choosing a Distributed Ledger Technology

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How to Market Your STO (Security Token Offering) Successfully?

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Because of the high potential of blockchain in transforming the world, financial services can be enhanced by crypto assets. Undoubtedly, nowadays, people are aware or familiar with utility tokens. But the concept of STO is still new in the market.

How to Market Your STO (Security Token Offering) Successfully?

STO stands for security token offering. It contributes to the launching of a crypto token. If you have high expectations of future returns and profits, you need to market your STO. To begin with the marketing of STO, you need to follow the article.

Initial stage:

To proceed with the initial stage, you need to follow the given below factors:

Being one of the most vital prerequisites for STOs, it serves as a proposal for investors as it holds almost everything associated with your project. Investors must be able to make correct decisions. Thus, you must include information related to legal compliances and regulations. Commercial, financial, and technological details of a security token must be included in a pro-language.

  • One-pager:

One Pager serves as a top-notch overview of a product, business, or service. The enterprises and startups can make use of the one-page document for advertising their offerings to accredited investors.

While launching a security token, make sure that the website is secured with HTTPS. Moreover, sites having HTTPS are preferred to rank higher by the search engines.

  • Simplify your idea:

Before finalizing your idea behind the project, try to discuss it with both of your non-technical or technical friends. And make sure that they understand it well. And if they do not understand it, it is more likely that your website visitors might not understand it as well. Thus, try to make it more practical, easy, and understandable.

  • SEO and blog writing:

To improve the offer value and branding of your project, you may have a blog to attract more organic traffic. Try to publish a new article at least twice a week. Showcase your idea clearly and tell how it is going to transform the world. While opting for STO marketing, focus on the quality of writing rather than the quantity. And make sure that your site is search engine optimized.

PreSTO:

Some of the pre STO strategies are given below:

  • Press release and media outreach:

Media outreach and press releases will make your STO project reach multiple corners of the world. Just do thorough research for press release websites that allows publication of STO press releases.

  • Getting high domain authority backlinks:

Domain Authority or DA is referred to as a search engine ranking score that shows how a site is going to rank on Search Engine Result Pages (SERPs). The higher the DA, the higher your chance to rank better. You may opt for the best security token development service for better results.

  • Social media marketing:

If you want to promote your STO to investors across the world, you may opt for some excellent social media marketing platforms. Twitter, Reddit, Steemit, and Telegram are some of the platforms that you can use.

  • Run video campaigns:

You need to run video ads on multiple video streaming channels like YouTube, Vimeo, and several others. For attracting investors and giving them a clear understanding of your concept, you can market your project’s demo videos.

Running STOs:

Some of the running STOs strategies are given below:

  • Deal marketing:

You have to be an expert in explaining your concept or idea if you want to boost your security token selling skills. Opt for security tokens blockchain and keep your project’s CIM upgraded, and collect and create a library of potential buyers and investors.

  • Build credibility through networking:

You need to build trust and network in the field of security token marketing. Understand that the buyers will always look for seamless transactions without any hassles. Thus, act accordingly. In-person promotion of your products will help you in customer trust generation and gain social capital.

When a token is distributed to a community for free or small tasks, it is known as airdrops. This technique of STO marketing will help you to raise micro-tasks freelancers’ groups.

Post STO:

The post STO strategies are discussed below:

  • List STOs on exchange:

Having friendly relations with some key people in the cryptocurrency industry may help you to get through the listing process quicker. Include the token’s name, symbol. Value, min cap, and mas cap while listing tokens.

  • Keep community updated:

On all the channels where you have created profiles, interact with the accredited investors and community members. Try to respond to the queries of the members as soon as possible.

  • Performance marketing:

If you are looking for a cost-efficient solution for marketing your innovative ideas, opt for performance marketing. Additionally, as for the security tokens crypto, it improves visibility. The advertisers and the marketing companies are rewarded for attracting traffic to the site.

Conclusion:

All the above-mentioned steps can help you in marketing your STOs. But, besides all these, you need to make sure that you have proper planning and strategy to overcome the obstacles. If you are unable to do it alone, you may also look for professional help. STO marketing is not an overnight process, and you need to stay patient to get the best results.

How to Market Your STO (Security Token Offering) Successfully?

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Experts’ Corner: Pitch Deck Tips for Fundraising Success

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Fundraising can prove to be advantageous. But, if a company wants to opt for fundraising regardless of its stage, it can be both challenging as well as a daunting process.

An accompanying pitch deck, along with a compelling pitch, plays an indispensable role. And both of these become important even for both startups and seasoned entrepreneurs who are already with the traction of the market.

Experts’ Corner: Pitch Deck Tips for Fundraising Success

Pitch deck best practices

Some of the best practices related to blockchain pitch deck solutions are given below.

Treat your pitch as a story

Showcase a compelling narrative of an existing problem in the world, then put up a solution to it, and also tell how your product or service is going to help and how you are going to be successful. Your story must be both coherent and streamlined. Stay passionate and try to make it personal.

Predict potential questions and insert corresponding answers into the deck

You need to identify the potential gaps by examining your presentation and company. Think about what the investors might question you, and provide them with visual supports for your answers.

Understand the context

It is important to understand and evaluate the context in which your audience will read and listen to your pitch. The goal must be to have a meaningful conversation regarding your business with familiar investors. And, if you have to share a deck with investors whom you have never met before, only focus on enticing them to take a meeting. Once they get interested, go for your initial meetings.

Keep aesthetics polished and consistent

The pitch deck needs to be aesthetically professional and pleasing. Opt for a pleasing deck design, or you may even hire a pitch deck design provider for this purpose. It is because pitch decks reflect the personality of your company. Whatever you do, keep it unique.

Refresh your pitch desk continually

A pitch deck is dynamic and evolves with time. The questions that the entrepreneurs are facing every time must be noted down by them, and they may address and incorporate them in a solution. Additionally, you may opt for business pitch deck solutions to showcase the company traction data, and the market data must be updated continually.

Imperative slides to include

Some of the topics that the investors pitch presentation must include are given below:

  • Company overview:

The company overview slides act as the deck opening, and by taking a look, the investors must get an idea of what they are going to get. It must include the problems that your products solve, the management team background, and your company’s key traction. The information needs to be straightforward, understandable, and exciting.

  • Company mission, vision, and purpose:

The main objective is to showcase the ultimate goals of your company. Thus, you need to include the mission, vision, and purpose of your company.

  • Mission statement: Discuss your business’s current status and what you are planning for the future.
  • Vision statement: Focus on showing what your company wishes to be like in a memorable way.
  • Purpose: Summarize what your company is serving to the customers.
  • The team:

Investors decide on checking whether they can trust in you, your potentialities, and your consistency. Give the importance of the team and highlight the necessary skill sets and the experience that your team possesses. You may include images of your key team member and summarize their prior employment and educational attainment.

  • Current traction or progress:

To build credibility among investors, incorporate compelling traction statistics. It may include sales, downloads, traffic, or any other in-development metrics to show your adoption and scale. By availing of presentation deck services, you may also include client testimonials, strategic partnerships, or achieved accolades.

  • Total Addressable Market (TAM):

TAM slide demonstrates that the current opportunity at hand is a larger trend or marketing shift’s part. It indicates the revenue opportunity that is underlying for a specified service or product.

  • Business or revenue model:

You will have to address your company’s pricing strategy, revenue model, sales, average account size, and distribution model. Include both current and future model plans. To demonstrate decisiveness, you may also include specific dates.

  • Marketing and growth strategy:

This will show your investors your plan to grow and market your services and product. You may include almost anything from several market channels that you will be using for the promotion of your product.

  • Financials:

Stay prepared with your financials in Excel if the investors are interested. Showcase your company’s current financial situation and future burn rate correctly.

Conclusion

You also need to focus on showing who your competitors are and how your company is different from them. Stay clear about what you are asking the investors. Before anything, ask yourself, what are the needs of your company. And showcase everything in detail to the investors, clear your doubt and stay clear about how much fund you exactly need to raise.

Experts’ Corner: Pitch Deck Tips for Fundraising Success

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Tokenomics From Myths to Reality

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Now that the world is transforming towards a more technologically enhanced environment, newer terms are occupying markets. Every day there is something new coming up and surprising us. The tech market has given us a brand-new term to ponder upon, Tokenomics!

So, what is it? Well, Tokenomics is widely defined as a system used for formatting pricing policy for tokens. Tokenomics is basically an amalgamation of two words: Token and Economics.

The driving concept of Tokenomics is none other than Blockchain and cryptocurrency development services. Here, we will have a look into how Tokenomics is becoming prevalent for tokenized transactions and what the challenges are waiting on its way.

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Tokens and Tokenomics:

Tokens are value units assigned by a specific organization and a part of an existing blockchain. Tokens can have value in the form of a certain service, ownership, or rights over any asset. The values are more of use cases than currency.

Tokens should also possess certain qualities to qualify as valid Tokens. The value assigned to a token must be scalable and be resilient to inflations. The basic Tokenomics is what helps a token to get funded, thus promoting a financially sustainable business model of tokenization blockchain service provider.

The future is digitized, and thus, improvising on the revenues in digital spaces can be richly aided with the involvement of Tokenomics. Digitization of assets is the very first step towards building a digitally stable and competent business system by virtue of tokenization security.

Why Tokenomics?

Tokenomics is fundamentally different from economics and has an important role to play in the growth of digitization. With the intervention of Blockchain and cryptocurrency, the security of transactions has increased manifolds, and it is strongly believed that the future is tokenized.

Let’s see some applications of Tokenomics.

Producer-Consumer Alignment:

Tokenized economies are helpful for consumers whose values are not aligned with big profit-centered enterprises. Bypassing such enterprises will bring you closer to token-based blockchain networks where consumers and producers join hands to meet each other’s specific needs and establish a healthy relationship.

Full Cost Accounting:

With the use of tokens, the prediction of both social and economic costs can be done effortlessly. This is a great benefit for multiple stakeholders, and thus, the involvement of Tokenomics is highly encouraged in such fields.

Investments:

Investors all around the globe are searching for opportunities that will let them analyze and look through the vulnerabilities and benefits of each investment made. This not only lets them build a reliable and robust model but also helps them to mobilize their business throughout the community. Token Development Services, along with Tokenomics, is an aid for the aforesaid plan and certainly is a factor that lets the business ecosystem grow to match the ongoing digitization standards.

Challenges about Tokenomics

Now there are four challenges that Tokenomics is facing while growing into a reliable business aid.

The first one is mental inertia. This is basically a stopping force that is raging among people who have never used such technologies in their business. Thus, fear and uncertainty creep in to form a rigid belief that may be; the outcome would not be as expected.

Tokenomics, being quite an infant technology, is still not preached globally, and many businesses resort to equip such newer technologies in their model. This is certainly because Tokenomics is either overly simplistic or cautious.

The next challenge about Tokenomics is associated with the inculcation of Artificial Intelligence. A lot of stakeholders believe that AI involvement might lead to False paths, and thus, the ultimate outcome will be that the business failed to reach where it headed to. The lost path might not be a good risk to take, and hence tokens are avoided by such businesses.

The third and one of the biggest challenges that token development services face is the existence of Government rules and restrictions. In many cases, these rules and regulations are contradicted by Tokenomics policies, and thus, they are unable to cross through the judicial barriers, to reach out to potential businesses.

The last Challenge to mention regarding Tokenomics is that people think differently about this new aspect of the digital business scheme. The dilemma to decide on whether to bring in Tokens or avail of cryptocurrency development services as part of a business is a confusing question, and the answer solely depends on one’s requirement.

How to overcome the challenges?

Now that these challenges are visible around, it is important to seek help from crypto security companies and systemize the entire process of bringing in Token services in a business.

  • Start with describing the expectations from the product of the project, along with customer characteristics. This will enable you to assign the value of each Token accurately.

Conclusion

The arrival of new technologies does face a bit of resistance in the first go, but with time and developments, the option available widens, and people start trusting the newcomer. Tokenomics has a long way to go, and it has already started the journey with little steps. Businesses that have equipped Tokenomics will serve as encouragement for others, and the growth will stabilize soon.

Tokenomics From Myths to Reality

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