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Your Smartphone’s Storage Could Help Fuel the Future Smart City

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Blockchain data science has been labeled a dream by those in the field for its great potential in real-time analytics and in more easily identifying longer-term data patterns.

But the challenge of storing Big Data is one that will require a more scalable solution than blockchain technology, and indeed a better solution than the hardware-based data centers relied on today.

One startup has proposed the use of a new technology, but it’s not blockchain—in their eyes, it’s much better.

Enter DAG

CyberVein, based in Shenzhen, China, seek to use a Directed Acyclic Graph (DAG) architecture as they look away from traditional blockchains.

This is a move that may carry some capital; a major strength of a DAG-based network is that ledgers can be essentially sharded – or broken up into smaller pieces – which means that the entire ledger does not have to be seen by each and every node.

Ethereum’s own sharding solution is expected to take up to five years to implement, while Bitcoin is capped at 1mb of data for each block and will hope that ‘soft forks’ such as SegWit can come good.

But a scalable solution that arrives before then could be set to change the game and a DAG-based network is a potential answer, with a growing amount of users only serving to improve the network’s efficiency.

The Smart City Industry is Set to be worth $158 Billion by 2022

Investment is set to roar into the Internet of Things (IoT) in smart cities—that is, the web of interconnected devices that will produce data on measures such as traffic flow and electricity usage.

However, this is a scale of co-ordinated data collection that has never before been imagined. In the future, there will be petabytes of data continuously collected every single day and across every major city in the world, perhaps even beyond city confines.

Here is where CyberVein think they may have a clever solution: they want to decentralize data by storing datasets across donated disk space from millions of users on their network.

This would theoretically scale as far as it was needed to, provided that the network has enough users, and could easily handle continually growing datasets.

China is also home to roughly half of the 1,000 smart city projects across the world. This puts CyberVein, based in what has been dubbed China’s Silicon Valley, right at the centre of the action.

How a DAG Might Work in Practice

A DAG-based network looks to resolve the challenge of siloing smart city data; the answer for CyberVein is to not silo it at all. Databases can be stored across the devices and computers of its network users, who are rewarded with CyberVein Tokens (CVT) for the storage space donated.

The beauty of a DAG architecture means that it has no blocks – and thus no mining – with each transaction holding two layers; the transaction layer and the data layer.

These transactions are verified by the ‘father-son’ nodes, aka. the nodes that precede and follow the transaction, which means it can finalize in a matter of seconds.

Each time a user wishes to make a transaction, their device, as a node, will have to verify the transactions of at least two other nodes. The value of data is intrinsically linked to whether it is verifiably true, so the immutable nature of the transaction chain ensures confidence in data.

Such technology could be so seamless that cities would live and breathe without ever really noticing it. But amid the hustle and bustle, a DAG architecture would be fuelling a smart city and helping to optimize the daily lives of its inhabitants.

All of this because of a user base that offers up a small amount of storage space in exchange for crypto tokens. It sounds simple, but right now it may just be one of the more plausible solutions for Big Data out there.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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Property Loans for Foreigners in Singapore That You Must Know About

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Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

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CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone, including those who are trying this betting for the first time.…

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