Cryptocurrency is one of the most popular trends of the modern internet. Many people, group of people and organizations are investing in cryptocurrency. The virtual currency has gained a lot of attention from the enthusiasts and is one of the hottest topics of discussion in the finance and technology industry.
Digital currencies, also known as cryptocurrencies are complex algorithms solved using a process of cryptography. It is a decentralized currency and uses a peer to peer technology. The transaction takes place between the two entities and no third entity is involved in the transaction. Each transaction is encrypted and uses special algorithms to take place. Invented a decade ago, cryptocurrencies have developed a lot and are giving a wide range of benefits, from alternate payment method to solving basic financial problems for enterprise companies.
Every day, a new technology is introduced to assist and advocate the cryptocurrencies. One of the new technologies that have gained the attention of the entire world is crowd machine. Crowd machine is a combination of a Crowd Computer, Crowd App Studio, and Crowd Share. The computer is a global engine with an application development engine embedded in it. The computer develops and runs applications to execute smart contracts. It is a decentralized computing system and requires no central authority to perform its tasks.
Crowd Computer is developed with a built-in app development engine that doesn’t need any code to generate and develop applications. The biggest benefit of Crowd Computer is that it can be utilized by any sophisticated computer user. You don’t need to be a programmer to work and develop on Crowd Computer. Crowd Machine consists of a network of virtual machines connected to each other via a peer to peer network. The Crown App Studio is the development tool that allows the users to execute their tasks. Crown Share is a GitHub kind of repository that consists the source code for free. Developers can use this source code to develop the blockchain smart contracts.
Although Crowd Machine is a new technology, yet it has been under development for quite some time. There are a lot of uses of the technology. Crowd Machine technology helps the blockchain by developing applications to increase the efficiency and speed of the operations being performed. As the system generates automatic smart contracts, the load on the blockchain can be minimized using the technology.
Besides assisting the blockchain technology by providing faster transaction rate, Crowd Machine can have a lot of other uses. One of the reasons why I would prefer this latest technology for every developer is its ability to generate and develop applications using minimal code. Crowd Machine is surely a developer’s paradise. All you have to do is to pay for the Crowd Computer processor each time you use the processor. With a number of uses, minimal requirement of coding and smart processing, it is safe to predict that the future of this particular technology is very bright. So if you are a developer, I would personally recommend you to shift on this technology as soon as possible to develop smart applications without writing any code.
This is my entry for the contest created by @originalworks that can be found here:
crowd2018