Where possibilities begin

We’re a leading marketplace platform for learning and teaching online. Explore some of our most popular content and learn something new.
Total 8 Results
Blockchain Identity Management- Boon or Bane?

Created by - Digitalatto Academy

Blockchain Identity Management- Boon or Bane?

Cybersecurity, especially identity theft has become an urgent issue around the world. Resolving is most important for obvious reasons. And given the availability of blockchain today,what is the better way we could have hoped? Blockchain technology has the potential to better and more securely manage and validate user identities and credentials. But you might ask why it's a blockchain. This is because we do not want incidents where personal data is hacked. Technologies like the blockchain give people the right to control their data, the right to have a self-sovereign identity that they control. The blockchain will allow users to manage their identities and be more proactive in managing and sharing their identities as needed. The blockchain-based identity management concept also applies to the following general phrase: "The best way to protect your data is not to collect it in the first place." This is because traditionally central servers collect data and store prone databases. It is a single point of failure and can be hacked. You can think of it as the perfect honeypot for cyber attacks. Even if not hacked, it is certainly used for monetary purposes by the same centralized organization that sells data without your permission to generate high annual profits. Facebook andGoogle are classic examples of such data monetization but they are not the only ones in this business. On the other hand, blockchains are based on the fundamental tenant of not collecting the data or distributing the data in ways that it becomes impossible to attack them considering there is no single point of failure or the involvement of a central system. Most identity management systems that are being developed via the power of blockchain have this basic tenant as their departure thereby making it more difficult for unauthorized entities to exploit it or monetize it in one way or the other.  Fundamentally, blockchain-based identity management solutions put control of personal identity data back in the hands of end-users.  And when the engagement of data, like identity, happens with blockchain systems, the following benefits are natural to emerge: Reduce or eliminate redundant compliance steps Better security of end-users Better end-user experience Being able to meet global identity/privacy requirements  While there is no doubt, KYC and identity management are one of the biggest use-cases for blockchain technology. However, this is still in the very early stages. That doesn't mean it's useless, you'll never see the morning light. We still have time, and we need to do more to solve this multi-billion dollar global problem with digital identities before it becomes widespread.  However, some problems cannot be solved by blockchain technology in the field of ID management. Standardization Demographic restrictions Synthetic ID Issues  Despite these limitations, they are better every day than today's traditional single point of failure systems. For those who don't know, over 20 digital identity platforms are working to make the solution the best. Finally, while it is certain that many countries will switch to blockchain-based identity management solutions in the future, some will resist changes as they develop their own centralized honeypot-like systems. An example of such a country is India, and it's interesting to see why.  Now it's up to you to decide if blockchain is a digital identity management solution.

More details

Published - Tue, 15 Mar 2022

‌Digital Assets on Blockchain

Created by - Digitalatto Academy

‌Digital Assets on Blockchain

Digital assets are electronic records of information that can be claimed and moved by people, and utilized as money to make exchanges, or as an approach to putting away immaterial substance, for example, mechanized fine arts, video, or agreement archives. Instances of Digital assets incorporate cryptographic forms of money, for example, bitcoin, purported resource upheld stablecoins, like the tie, and non-fungible tokens (NFTs) - authentications of responsibility for computerized media.  Records of responsibility for digital assets are held safely on a sort of decentralized information base, or electronic record called a blockchain, which is conveyed among its clients. This design empowers the exchange of digital assets without the need to go through a focal party, like a bank, specialist, or go-between. This can make exchanges faster and simpler. At Digitalatto, we provide you with all kinds of digital assets that you can own and are secure and immutable. What precisely is a blockchain? A blockchain is a sort of electronic record, wherein digital assets exchanges are recorded in squares of information that is "chained" together in a particular request and safeguarded utilizing complex PC "hash" codes. Subtleties of each new exchange should be confirmed by an organization of PCs, or hubs before they can be added to the record. This confirmation cycle includes the subtleties of the exchange being shipped off each of the hubs in the organization, which endeavor to take care of intricate numerical issues to demonstrate that the exchange is legitimate. A larger part should reason that it is legitimate - it should be an agreement choice by the organization.Every one of the hubs in the organization can get to the data and content to be close to approve another exchange and add it to a square. In contrast to customary records, in this manner, a blockchain data set is decentralized and there is no expert adaptation.How is a blockchain developed? Every agreement-checked exchange is added to a square of information, and the squares are associated with one another in a chain. As each new square is added, the blockchain turns into a developing information base of time-stepped exchanges that, in commonsense terms, are difficult to adjust.What makes a blockchain secure and unalterable?Each new square that is annexed to the blockchain contains a perplexing and extraordinary PC-produced code, called a hash. This is like an advanced "finger impression". Each square additionally contains the hash, or unique finger impression, of the past square in the chain, to which it is currently appended. These matching hash codes demonstrate that the chain is unblemished, properly aligned, unaltered.Assuming any endeavor is made to alter the substance of a square, this will produce another hash for that square, which will then, at that point, the contrast from the hash of the past square - breaking the chain. To disguise this altering, a programmer would need to recalculate the hash code held in the following square in the chain, which would change that square's own hash, requiring the following square's hash codes to be recalculated, etc. Each hash in each ensuing square in the chain would in this manner be recalculated - an interaction requiring such a lot of registering power that it would be incredibly troublesome. The information base is in this manner, essentially, "add as it were" - it isn't workable for anybody to return and reconsider it later. Who gives this blockchain innovation?A few innovation stage suppliers work with the structure of blockchains. As indicated by industry gauges, 60-70 percent of public blockchains are run on the Ethereum stage. Some accept this could turn into the favored supplier of innovation for a scope of decentralized cycles. In any case, more current adversary blockchain stages with more prominent handling limits have now jumped up, including Avalanche, Solana, and Cardano. Solana has been utilized as a stage for the offer of new assortments of NFTs.What are the advantages of holding digital assets?Digital assets can be speedier to issue than paper-based or actual resources. Their electronic-no one but organization can likewise smooth out the exchange interaction, decreasing authoritative and actual stockpiling costs. These are a portion of the reasons that national banks and business banks are thinking about the utilization of digital assets and blockchain advances.Invest, earn, shop and do all transactions with your Digital asset at Digitalatto.What are the dangers of holding digital assets?Digital assets hung on a blockchain can present both venture and security hazards.The fundamental venture hazard is that computerized resources that are not upheld by actual possessions or government-issued types of money given by governments or national banks can vary broadly in esteem - driven by opinion and request. Cryptocurrencies such as bitcoin have been known to twofold or split in esteem against traditional monetary standards inside the space of a couple of months.

More details

Published - Tue, 15 Mar 2022

Beginner's guide to NFTs

Created by - Digitalatto Academy

Beginner's guide to NFTs

What are NFTs?NFTs or Non-fungible tokens are brilliant agreements that address the responsibility for things (advanced workmanship, recordings, music, passes to an occasion, authoritative reports, and so forth).When something is "Non-fungible," it implies it is special and can't be supplanted with something different. For instance, a dollar note is a fungible thing as one dollar greenback can be supplanted by another and be thought of and worth the equivalent. A "Non-fungible" thing outside the crypto world is resources like jewels, land, and even baseball cards. A Non-fungible thing isn't exchangeable with different things on account of its remarkable properties.How NFTs work:At the point when an NFT is made or "stamped," it makes a brilliant agreement recorded onto the blockchain. This agreement is overseen through a uniqueID (or address) that shows who the current proprietor is. Whenever you buy an NFT (think advanced workmanship), that uniqueID changes and is considered the blockchain (an internet-based public record). A solitary individual can claim an NFT, and the record of the deal, cost, and possession all exist on a public record (blockchain). At the point when the NFT changes hands, the blockchain recognizes the exchange visible by all out in the open.You own the NFT, demonstrating the proprietorship is very basic and secure, as is any procedure offered of the resource.NFTs are coming to Digitalatto soon! Keep a look out to get your first or your any other major NFTs.Before you make your first large buy, you might need to know how to esteem an NFT. We like to consider NFT's a piece uniquely in contrast to most.close to 100% of NFT's will presumably not go up in esteem, so buy an NFT from which you will get genuine use.To expect this large number of resources will see the value in it would be a helpless presumption.To try and comprehend assuming NFT's will hold future worth, it is vital to track down projects with one of the accompanying components.·  Extraordinariness/Celebrity: Is the undertaking exceptionally alluring, restricted inventory, or made by a big name?·  Utility: Does the NFT project have use outside of simply being a piece of craftsmanship?·  Uniqueness: Is the workmanship/project exceptional, or does it follow a similar 8-bit equation as the past? Digitalatto offers unique NFTs to increase your wealth, coming soon.You are presently at the purpose of proceeding with your NFT instruction, joining a local area, and possibly putting resources into an undertaking.To settle the score further into the domains of NFTs, you want to join a Discord server. Assuming you have never known about Discord, Discord is a free voice, video, and text visit application utilized as of now by a huge number of individuals overall intrigued by NFT's and Cryptocurrency.The greater part of these servers is ideally suited for the people who are new to NFTs and new to Discord. Recall that most Discord channels have a short however important check process before you are conceded to every one of the servers' media. This confirmation cycle helps remove any spam or bots that may dirty the channel with superfluous babble.

More details

Published - Tue, 15 Mar 2022

Crypto Mining Explained

Created by - Digitalatto Academy

Crypto Mining Explained

What Is Crypto Mining and How Does It Work?The majority of people consider crypto mining to be nothing more than a method of manufacturing new currency. Crypto mining, on the other hand, entails validating bitcoin transactions and adding them to a distributed ledger on a blockchain network. Most crucially, crypto mining prevents digital currency from being spent twice on a decentralized network.When a member spends cryptocurrency, the digital ledger must be updated by debiting one account and crediting the other, just like with physical currencies. The disadvantage of digital money, on the other hand, is that digital platforms are easily manipulated. As a result, the distributed ledger of Bitcoin permits only certified miners to update the digital ledger. This places an additional burden on miners to protect the network from double-spending.New currencies are created in the meantime to compensate miners for their efforts in safeguarding the network. Because distributed ledgers lack a centralized authority, transaction validation is dependent on the mining process. Miners are thus motivated to safeguard the network by taking part in the transaction validation process, which enhances their chances of winning newly generated coins.A proof-of-work (PoW) consensus system has been implemented to ensure that only confirmed crypto miners can mine and validate transactions. PoW also protects the network against outside threats.Crypto mining is somewhat similar to mining precious metals. While miners of precious metals will unearth gold, silver, or diamonds, crypto miners will trigger the release of new coins into circulation. For miners to be rewarded with new coins, they need to deploy machines that solve complex mathematical equations in the form of cryptographic hashes. A hash is a truncated digital signature of a chunk of data. Hashes are generated to secure data transferred on a public network. Miners compete with their peers to zero in on a hash value generated by a crypto coin transaction, and the first miner to crack the code gets to add the block to the ledger and receive the reward.Each block uses a hash function to refer to the previous block, forming an unbroken chain of blocks that leads back to the first block. For this reason, peers on the network can easily verify whether certain blocks are valid and whether the miners who validated each block properly solved the hash to receive the reward.Over time, as miners deploy more advanced machines to solve PoW, the difficulty of equations on the network increases. At the same time, competition among miners rises, increasing the scarcity of cryptocurrency as a result.How to Get Started with Cryptocurrency Mining?Mining cryptocurrency necessitates the use of computers equipped with specialized software designed to solve complex cryptographic mathematic equations. Cryptocurrencies like Bitcoin may be mined with a simple CPU chip on a home computer in the early days of the technology. CPU chips, on the other hand, have become impracticable for mining most cryptocurrencies as the difficulty levels have risen over time.Cloud mining is another method to start mining which is easy to start and more lucrative. Individual miners can use cloud mining to tap into the power of large organizations and dedicated crypto mining facilities. Digitalatto uses such cloud mining. Various Cryptocurrency Mining TechniquesDifferent types of cryptocurrency mining take different amounts of time. CPU mining, for example, was the go-to solution for most miners in the early days of the technology. However, many people nowadays believe that CPU mining is too slow and impractical because it takes months to earn even a little return, especially with rising power and cooling costs and increased difficulty across the board.Another technique of cryptocurrency mining is GPU mining. It enhances processing power by combining multiple GPUs into a single mining setup. A motherboard, as well as a cooling system, are necessary for GPU mining.ASIC mining, on the other hand, is another way to mine cryptocurrency. ASIC miners, unlike GPU miners, are developed exclusively to mine cryptocurrencies, hence they create more cryptocurrency units than GPU miners. They are, however, expensive, and as mining difficulty rises, they will fast become obsolete.Cloud mining is growing more popular as the costs of GPU and ASIC mining continues to rise. Individual miners can use cloud mining to tap into the power of large organizations and dedicated crypto mining facilities.Individual cryptocurrency miners can search the internet for both free and paid cloud mining sites and rent mining gear for a set period. This is the most hands-off approach for mining coins.Curiosity and a strong will to learn are a prerequisite for aspiring crypto miners. As new technologies develop, the crypto mining space is continuously changing. Professional miners who are rewarded the most are continually analyzing the space and adjusting their mining tactics to increase their performance.Climate change activists, on the other hand, are growing increasingly concerned as more fossil fuels are burnt to power the mining process.

More details

Published - Tue, 15 Mar 2022

What is a Seed Phrase?

Created by - Asif Mahmud Arnob

What is a Seed Phrase?

As taking a step ahead in the new world of Crypto and start investing or gathering crypto assets, it is a basic requirement to understand seed phrases. Seed phrases are also defined as " seed backup phrases " or " seed recovery phrases ". What is a seed phrase?When you create any new wallet, the wallet provider will create a Seed Phrase for you, which is a random series of 12-24 words that acts as the key to your crypto funds. A seed phrase is a collection of words that can be used to access your cryptocurrency wallet. If you’ve ever created a crypto wallet, you were probably prompted to note down a series of words similar to the following:follow flip swallow achieve correct view tourist alarm travel crew logic sight Seed phrases leave less room for human error (as it’s easier to remember and enter a series of words than numbers). Keeping your seed phrase safeYour seed phrase gives access to your crypto wallet and all of the private keys contained inside. Keeping your seed phrase safe and hidden is crucial. If you lose access to your seed phrase, you lose access to your funds. As long as you have your seed phrase, you have access to your crypto. Even if you lose your hardware wallet or the device containing a software wallet, you can retrieve your crypto by entering your seed phrase in another wallet. Many people write their seed phrase down and store copies in multiple locations. Others engrave seed phrases in durable materials or store them in a safe.BackgroundSeed phrases were introduced after the 2013 Bitcoin Improvement Proposal 39 (BIP39). There are 2048 words on the BIP39 wordlist. This means that a series of 12 words has 128 bits of security which has 2128 possible combinations. In other words, a hacker would have to complete 2128 operations to complete a 12-word seed phrase. So, it’s almost impossible for even the most experienced hacker to guess your phrase. The longer the phrase, the more secure it is.  Seed phrases – as opposed to private keys – leave less room for human error when it comes to backups, as they're easier to record and transmit. Better still, they’re capable of generating not just one, but a colossal amount of keys from a master one. This allows users to avoid address reuse as, with a single seed, they can create a seemingly infinite number of receiving addresses.

More details

Published - Sun, 17 Apr 2022

What is blockchain?

Created by - Asif Mahmud Arnob

What is blockchain?

Blockchain is actively developing and now even has several generations. But still, what is blockchain, why is it called decentralized, and how do new blocks appear? Let's find out!Blockchain is a continuous and sequential chain of data "blocks". Copies of it are stored on computers around the world. It has no center through which all transactions are carried out, or the process is controlled. Because of this, the system is called decentralized.Each block contains encrypted information in the form of a hash code. The hash is a mathematically generated set of characters, it is copied to the next block in the chain, thus connecting it to the previous one. Any corrections in the block lead to a change in the hash, which means that the code in the corrected block and the next after it will not match — this completely discredits the following chain; it is marked as fictitious and is not allowed. When blocks are added to the chain, the Blockchain system automatically checks the authenticity of the data of previous and new ones. Thus, it is impossible to replace or falsify information in the chain.New blocks are added with the help of miners — these are computers that solve complex computational problems using the POW algorithm — in the case of first and second-generation blockchains — and POS — in the case of the third one — as a result of which new blocks are added. Depending on the power of the computer, it takes a different amount of time to solve the problem. For each solved block, the owners of the miners receive a reward in the form of coins of the corresponding cryptocurrency and transaction fees.Storing copies of the chain on independent computers around the world, connecting blocks with a unique code, and control of changes — this set of functions makes the Blockchain system transparent as well as one of the most secure and independent from others. Therefore, it has become popular in various areas not even related to the financial industry.

More details

Published - Sun, 15 May 2022

Basic Crypto Terms Explained

Created by - Asif Mahmud Arnob

Basic Crypto Terms Explained

CryptographyIn simple terms, cryptography is the practice of hiding or encrypting data. Today, cryptography utilises computation and mathematical theories to encrypt or decrypt information.Cryptography & BlockchainsCryptography allows blockchains to complete digital transactions on a decentralised, public ledger safely and anonymously, without the need for an intermediary. It also enables "trustless" crypto transactions where users don't need to know anything about a person to complete transactions with them securely.HashingThe Bitcoin protocol utilises cryptographic proofs to secure the network and validate every transaction. Every user is issued a private key which can be used to generate a public key through a process called "hashing."NFT stand for Non-Fungible TokenNFTs are a blockchain-based commodity that has whipped the art world into a buying frenzy. The technology offers a form of certificate of authenticity to the digital creations, allowing individual ownership of something that could otherwise be replicated endlessly. NFTs can also be pricey.DeFi stand for Decentralised FinanceDecentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.MiscellaneousSatoshi Nakamoto created Bitcoin. The process of creating new bitcoins is known as Minting. DAO stand for Decentralised Autonomous Organisation. Maximum 21 Million bitcoins can be created. All tokens that can currently be bought or sold is the circulating supply. TVL stand for Total Value Locked. IDO stand for Initial Dex Offerings. Gas powers the Ethereum Virtual Machine.

More details

Published - Mon, 30 May 2022

What is cryptocurrency and how it going to change the world

Created by - Zuhaa Liaqat

What is cryptocurrency and how it going to change the world

What is crypto currency?It is a digital currency in which transactions are verified and records are kept by a decentralized system rather than a centralized authority using cryptography. In other terms, decentralized cryptocurrencies, such as bitcoin, now provide an outlet for personal wealth that is not subject to restriction or confiscation. You can use crypto to buy regular goods and services, but most people invest in cryptocurrencies in the same way they would in stocks or precious metals. While cryptocurrency is a novel and exciting asset class, investing in it can be risky because you must conduct extensive research to fully understand how each system operates.Cryptocurrency may appear to be a futuristic technology. It has and will continue to revolutionize how we store money, pay for goods and services, and conduct business. There are additional ways that cryptocurrency will make the world a better place. This can be done by things such as reducing fraud, this is because it is not linked to your bank account or cash funds and is transferred electronically and securely with the blockchain recording all transactions, cryptocurrency will play an important role in reducing fraud and providing peace of mind.DGTLWhat is DGTL? DGTL is a binance BEP-20 standard coin that can be used for trading, paying for products online and performing DeFi services such as staking, yielding and so on. There is even a DGTL wallet where users can manage all their crypto and digital assets. They can trade and exchange all types of cryptocurrencies at the most economic rates.

More details

Published - Mon, 13 Jun 2022

Search
Popular categories
Latest blogs
Tax Deduction Ideas for Entrepreneurs & Business Owners
Tax Deduction Ideas for Entrepreneurs & Business Owners
Most governments primarily rely on taxes as a source of income, and the business sector consistently makes the most contribution.It is crucial for business owners to have a comprehensive awareness of their tax responsibilities in order to maintain good standing all year long.Every business owner is under pressure to pay significant sums of taxes each year. Fortunately, by claiming tax deductions, owners can dramatically lower their taxable income.Some Tax Deductions for Business Owners      Tax deduction for self-employmentIf you are self-employed, you may be able to reduce your tax burden by taking advantage of a self-employment tax deduction. The Tax Cuts and Jobs Act (TCJA) allows you to deduct 7.65% of your net income, or half, of your social security and Medicare taxes. The employer's portion of the tax is essentially considered a business expense.      Travel costs for businessOwners are entitled to a tax deduction for all business-related travel-related charges, including hotel, meals, airline tickets, laundry, rental cars, and any other expenses listed by the IRS.To qualify as a work-related trip, the following conditions must be met:·         crucial to your company's success.·         Away from your tax jurisdiction, that is, away from the city in which your business is located.·         Away from home for more than an usual day's work.       Office supplies You can write off the cost of office supplies such pens, printers, computers, software, papers, and fax machines as long as you used them for business during the tax year in which you made the purchase. Postage and shipping costs are also valid deductions.      Office costsPhone and internet bills, as well as business dinners, are examples of office expenses. Through December 31, 2022, you are permitted to deduct up to 100% of qualified meals. So make sure to keep solid records of all your receipts. You'll need to present correct documentation proving the occasion, location, and total costs.      Promotions and advertisementsMaking business cards, using digital advertising techniques, running print ads, and developing websites are all expenses associated to promoting a firm.      DepreciationAs a business owner, you can also write off the costs of depreciating assets like cars or machinery and be reimbursed for any related expenses over their lifespan.      Bank interestYou may have to borrow money from financial institutions to help finance your business operations as an owner. On your annual filings, you can claim a 100% deduction for the interest on the loan as well as any other bank charges, such as annual business credit cards or service fees.      Educational expensesEducation costs that went towards improving your work skills and that of your employees are eligible to be deducted. These may include seminars, fieldwork classes or training, industry publications, and other business learning material.

Sat, 27 Aug 2022

How to Export Your Gmail Contacts
How to Export Your Gmail Contacts
What to KnowIn Google Contacts, select Export > Contacts and choose the appropriate format.You can export the entire list or only certain groups.New automatic contact entries are found under Other contacts in Gmail Contacts.Export Your Gmail ContactsYour address book isn't tied to one Gmail address. You can use it with another Gmail account or a desktop email program such as Outlook, Mozilla Thunderbird, or Yahoo Mail. To export your full Gmail address book:1. Open Google Contacts. The easiest way to do that is to visit https://contacts.google.com/ or select the apps menu in the upper-right corner of Gmail and choose Contacts.2. Select Export.3. To export an entire address book, select Contacts. Select the drop-down arrow to choose a Google Contacts group.4. Choose an export format:## The Outlook CSV format exports all data and converts names to the default character encoding.## The Google CSV format exports all data and uses Unicode to preserve international characters. Some email programs such as Outlook do not support Unicode.## The vCard format is an internet standard that is supported by many email programs and contact managers such as OS X Mail and Contacts.5. Select Export.6. Download the file (named Contacts) to your computer. You can rename the file anything you want, like gmail-to-outlook.csv (for the Outlook CSV format), gmail.csv (for Google CSV), or contacts.vcf (for the vCard format).Where to Find Contacts Automatically Added by GmailYour list and file of contacts may be large because Gmail adds new contact entries to your address book when you reply to an email or forward it to a new address. These new automatic entries are found under Other contacts in Gmail Contacts.Prevent Gmail From Adding Contacts AutomaticallyTo prevent Gmail from adding new addresses to your Contacts automatically:1. Go to Gmail and select the Settings gear in the upper-right corner of the page.2. Select See all settings. 3. Under the General tab, scroll down to Create contacts for auto-complete section and select I'll add contacts myself.4. Select Save Changes at the bottom of the page.

Fri, 01 Jul 2022

How to Export Connections from LinkedIn
How to Export Connections from LinkedIn
You can export a list of the connections you have on LinkedIn at any time.To export LinkedIn connections:1. Click the  Me icon at the top of your LinkedIn homepage.2. Select Settings & Privacy from the dropdown.3. Click Data privacy on the left rail.4. Under the How LinkedIn uses your data section, click Change next to Get a copy of your data.5. Select Want something in particular? Select the data files you’re most interested in.6. Select Connections.7. Click Request archive.8. Enter your password and click Done.9. You'll receive an email to your Primary Email address which will include a link where you can download your list of connections.Notes:When you’re exporting your connection data, you may notice that some of the email addresses are missing. You will only see email addresses for connections who have allowed their connections to see or download their email address.The CSV and vCard formats don't support all characters. As a result, languages with extended character sets (such as Chinese, Japanese, or Hebrew) aren’t supported.You currently can't export a list of your contacts that aren’t 1st-degree connections.If you're exporting your connections because you have a duplicate account, remember to close your extra account and import your connections list to another LinkedIn account. Make sure you've saved the file in a location you can find, and then follow the instructions for uploading contacts using a CSV file.

Fri, 01 Jul 2022

All blogs