LUCA is a native cryptocurrency issued by the Autonomous Trust Momentum (ATM). It serves as a token that rewards users who establish Consensus Connections within the ATM meta-community. LUCA has a currency coefficient of 5 and aims to motivate users to build stable connections, contributing to the growth and development of the blockchain community. The value of the reward is determined by the parameters of the connection, allowing users to earn additional revenue while maintaining the original currency value. This mining of value from consensus connections is made possible through the implementation of PageRank, which gathers and connects ATMs relative consensus. LUCA aims to become one of the major currencies circulating within the ATM community and the broader economy. It emphasizes the concept of relative consensus, recognizing the strength in numbers, trust, and momentum.

LUCA Token Overview

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What are the utilities of tokens? The LUCA token has several utilities within the Autonomous Trust Momentum (ATM) ecosystem. Some of its key utilities include:

These are some of the utilities of the LUCA token within the ATM ecosystem. The token plays a vital role in incentivizing participation, promoting consensus connections, and facilitating the growth and development of the community.

Which infrastructure does the project ecosystem include? The project ecosystem of the Autonomous Trust Momentum (ATM) includes several key components:

These components work together to create a dynamic and interconnected ecosystem where users can earn rewards, contribute to consensus-building, and participate in the growth and development of the ATM community.

How to create consensus connections?

User A connects his/her wallet with ATM platform and sets up a consensus contract which initiates a request to establish a connection to user B. If B agrees, the contract will be executed, and the consensus connection will be successful. Both users need to confirm Locked Token, Investment Amount, and Lock-up Time. During this lock-up period the contract cannot be cancelled by User A or User B independently, but instead must be cancelled jointly. ATM believes that the network that will emerge from the technologies deployed by ATM will be the core of a new generation of decentralised economy.

Autonomous Trust Momentum ATM

ATM provides a smart contract known as a Consensus Connection, which allows users to connect with each other on the multiple public blockchains that support smart contracts. Through consensus connection, users can receive rewards according to their PR value. LUCA held on each public chain will be sent to a public deposit smart contract where users can withdraw at any time. Consensus Contracts are the underlying technical features of ATM. With the creation of the Consensus Contract the decision is removed from individuals and moved to the connections between them; Isolated Consensus becomes Related Consensus. As more and more consensus contracts are created, a relative consensus network will emerge- creating a more prosperous and sustainable place.

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The world of blockchain technology is rapidly evolving, with various platforms and frameworks emerging to meet the diverse needs of organizations. In this deep dive into the Hyperledger Fabric and Sawtooth blockchains, we will explore the fundamental concepts, architectures, and features of these two prominent blockchain platforms. From Hyperledgers inception as a global enterprise blockchain Read more

The world of blockchain technology is rapidly evolving, with various platforms and frameworks emerging to meet the diverse needs of organizations. In this deep dive into the Hyperledger Fabric and Sawtooth blockchains, we will explore the fundamental concepts, architectures, and features of these two prominent blockchain platforms. From Hyperledgers inception as a global enterprise blockchain platform to the modular design and secure smart contract capabilities of Hyperledger Sawtooth, this Cryptopolitan guide provides valuable insights into the world of blockchain technology.

Hyperledger, a global enterprise blockchain platform, was established by The Linux Organization in December 2015. Initially comprising 30 participants, it has grown to encompass over 120 members. Hyperledger aims to create and maintain open-source blockchain networks and platforms for various organizations, providing the necessary infrastructure and protocols for the development of blockchain tools and networks. The collaboration fosters commercial blockchain initiatives by offering a set of principles, rules, and methods through the Hyperledger Greenhouse, which includes frameworks and tools supporting blockchain technology.

With a diverse range of leading organizations in finance, banking, IoT, supply chain management, manufacturing and production, and technology, Hyperledger boasts a notable membership base. Companies such as Bosch, Daimler, IBM, Samsung, Microsoft, Hitachi, American Express, JP Morgan, and Visa are actively involved in shaping the future of blockchain technology. Additionally, several blockchain-based companies like Blockforce and ConsenSys contribute to the Hyperledger project.

Within the Hyperledger ecosystem, various sub-projects operate to enhance the efficiency and quality of systems and services across a network of computers. These sub-projects include Hyperledger Fabric, Hyperledger Indy, Hyperledger Caliper, Hyperledger Burrow, Sawtooth, Composer, and Cello. Understanding the nuances and differences between these projects can be challenging, particularly for newcomers to the cryptocurrency space.

Hyperledger Fabric, an open-source initiative by the Hyperledger corporation, serves as a robust foundation for building modular applications and driving innovation in the realm of blockchain technology. Positioned as a blockchain platform, it empowers private enterprises to construct blockchain-based products and applications by leveraging plug-and-play components. Within the Hyperledger platform, ledgers, standards, protocols, and smart contracts work in harmony to enable efficient and secure blockchain solutions.

One of the key advantages of Hyperledger Fabric lies in its ability to facilitate data segregation and expedite transactions. As a private platform, it operates on the principle of access rights, ensuring that only authorized users can connect to the network. By restricting access to internal staff, businesses can fortify their infrastructure against unauthorized entities and establish an exclusive network system.

Hyperledger Fabric was specifically designed to overcome common limitations associated with traditional blockchain solutions, such as private exchanges and confidential contracts. It offers a flexible and secure platform for delivering industrial-grade blockchain services. The framework incorporates robust rules for storing information about network users and their access privileges, ensuring granular control over data points. In addition, Hyperledger Fabric supports permissioned membership, making it an ideal choice for sectors like finance, healthcare, and more, where privacy and regulatory compliance are critical considerations.

The consensus layer ensures agreement on transaction order and validates the accuracy of the transaction database within a block. It communicates with clients and network peers through the communication layer. By adhering to approval and consensus policies, it confirms the correctness of transactions in a proposed block. It also collaborates with the smart contract layer to validate the accuracy of the ordered transaction database, contributing to data synchronization and transaction consistency across the network.

The smart contract layer validates transaction validity based on policies and contracts, ensuring only valid transactions are included in blocks. It comprises two types: installed smart contracts for pre-launch business logic and on-chain smart contracts for business rules implemented through committed transactions. In Hyperledger Fabric, smart contracts, called chaincode, are developed using languages like Go, JavaScript (Node.js), and potentially Java. Chaincode runs securely in a separate Docker container from the endorsing peer process.

The communication layer enables peer-to-peer message transfer among nodes in a shared ledger. It facilitates communication between the consensus layer, clients, and network peers. Transactions are executed atomically and sequentially, treating the system as a single node. Successful communication ensures all non-faulty nodes receive submitted transactions. Transport Layer Security (TLS) ensures secure communication in Hyperledger Fabric, supporting one-way and two-way authentication.

The data store abstraction allows modules to use different data stores. In Hyperledger Fabric, private data is stored in a dedicated database on authorized peer nodes, accessed through chaincode. A hash of the secret data is recorded in the ledgers of all channel peers. Hyperledger Fabric supports LevelDB and CouchDB as state databases. LevelDB stores chaincode data as key-value pairs, integrated into peer activity. CouchDB, an optional external database, enables rich JSON queries when chaincode data is represented in JSON format. Successful deployment installs the chaincode on the blockchain.

The crypto abstraction allows the use of different cryptographic techniques or modules without affecting other components. Hyperledger Fabric version 2.0 introduces Fabtoken, enabling the creation of native cryptocurrencies. Hyperledger Besu, based on Ethereum, is an open-source public Ethereum implementation compatible with permissionless platforms and the Ethereum network. Hyperledger Besu supports CPU and GPU mining, with Ethminer used for GPU mining testing. Its important to note that Hyperledger Fabric doesnt support cryptocurrencies like Bitcoin, but focuses on providing infrastructure and standards for industrial blockchain-based applications and systems.

The identity service establishes a trusted root, manages enrollment and registration of identities, and facilitates changes in a blockchain instance. It handles authentication, permission, and is utilized by the smart contract layer to authenticate and authorize entities during transaction processing. Hyperledger Fabric provides a personal identity service for managing user IDs and authenticating network participants, enabling permissioned networks. Access control lists add layers of permission by authorizing specific network actions. Certification Authorities (CAs), like Hyperledger Fabric CA, manage certificates.

The policy service manages system policies such as endorsements, consensus, and group management. It collaborates with other modules to enforce these policies effectively. In Hyperledger Fabric, policies govern the approval or rejection process for network changes, routes, and smart contracts. They are established during the initial channel setup and can be modified as the channel evolves. Policies distinguish Hyperledger Fabric by ensuring transactions are generated and confirmed by approved network nodes.

The API module enables client and application interaction with blockchains. It consists of three types of APIs in Hyperledger. The admin API manages operations like runtime installation, refreshment, and pinging. The common API accesses information about the connected Business Network and facilitates asset, participant, transaction, and event creation. The runtime API allows transaction functions to query, emit events, retrieve registries, access participant information, and serialize JavaScript objects. It also supports HTTP REST calls.

Interoperation enables communication and interaction between separate blockchain instances. It relies on comprehensive data and transaction standards to unlock the full potential of blockchain technology. Industries like food safety have leveraged data standards for enhanced product visibility. However, achieving interoperability and integration remains a significant challenge in the blockchain sector, necessitating ongoing efforts to establish seamless communication and collaboration among diverse blockchain networks.

Hyperledger Fabric offers a range of core features, including:

Hyperledger Sawtooth is an enterprise blockchain platform that facilitates the creation and operation of distributed ledger networks and applications. It prioritizes secure smart contracts for enterprise use cases and follows a blockchain-as-a-service (BaaS) model.

Hyperledger Sawtooth distinguishes itself through its modular design, allowing organizations and consortia to establish policies tailored to their specific domains. Applications can select transactional, permissioning, and consensus algorithms that align with their unique business requirements, enhancing flexibility compared to traditional blockchain systems where core and app functionalities reside on the same platform, potentially impacting security and performance.

As an open-source enterprise blockchain-as-a-service platform, Hyperledger Sawtooth enables the execution of customized smart contracts without the need for in-depth knowledge of the underlying core system design. It supports various consensus algorithms, including PBFT and PoET, and offers a user-friendly design optimized for enterprise usage. Additionally, Sawtooth ensures separate permissioning, ensuring confidentiality by eliminating centralized services that could expose sensitive information.

Functioning as a modular platform, Hyperledger Sawtooth empowers the development, deployment, and operation of distributed ledgers. It incorporates the innovative Proof of Elapsed Time (PoET) consensus algorithm, utilizing trusted execution environments (TEEs) for fair and efficient consensus. With its pluggable consensus algorithms and support for both permissioned and permissionless networks, Sawtooth provides a distributed ledger that logs transactions and smart contract execution across network nodes. Transactions are processed in parallel to enhance performance.

To streamline smart contract deployment and execution, Sawtooth offers the Sawtooth Lake smart contract engine. The platform provides a RESTful API for seamless interaction with the ledger and submission of transactions. Hyperledger Sawtooth boasts scalability, capable of supporting networks with thousands of nodes and processing millions of transactions per second.

Hyperledger Sawtooth is a flexible and powerful platform for building and deploying distributed ledgers. It caters to diverse applications such as supply chain management, digital asset tracking, and voting systems. By separating the core ledger system from application-specific environments, Sawtooth simplifies app development while maintaining system security. This approach allows developers to define business rules specific to their applications, enabling easy hosting, management, and usage in their preferred programming language, even outside the core blockchain network.

Lets take a detailed look at the architectural components and functions of Hyperledger Sawtooth:

Hyperledger Sawtooth Architecture Diagram (source sawtooth.hyperledger.org/docs/1.2/architecture/)

Hyperledger Sawtooth follows an asynchronous client/server pattern. Clients send requests to the server, and the server responds with zero or more replies. Clients can send multiple requests without waiting for replies, and servers can send multiple replies without waiting for new requests.

Hyperledger Sawtooth provides a pragmatic RESTish API that allows clients to interact with a validator using common JSON/HTTP standards. The REST API serves as a separate process for transaction submission and block reading with a language-neutral interface. It is extensively documented using the OpenAPI specification, ensuring clarity and accessibility for both machines and humans. The REST API supports common HTTP status codes for quality improvement, such as 404 for Not Found and 503 for Service Unavailable. It utilizes a JSON envelope to send metadata back to clients and provides error handling with code, title, and message properties. Query parameters are supported to specify request formation, and endpoints offer references to resources in the Sawtooth ledger, including blocks, transactions, and metadata.

Transaction processors validate and handle business logic for transactions, deciding whether to include them in the state. They apply transaction changes and add them to the next block. Validator nodes ensure the validity of transaction signatures. Additional logic can be added to transaction processors to meet specific requirements. Transaction handlers, added to process transactions, include apply and helper functions. The processor class, provided by the Software Development Kit (SDK), offers general-purpose functionality, while the handler class contains application-specific business logic. The transaction processor class connects with the validator and the handler class.

The consensus API has been redesigned and moved to a separate process called the consensus engine. It provides an interface for language-independent consensus algorithms, expanding the consensus options for Sawtooth. The consensus engine operates as a separate process alongside the REST API and transaction processors. It includes three processors: BlockPublisher for creating candidate blocks, BlockVerifier for verifying consensus rule compliance, and ForkResolver for selecting the next block to be the chain head.

In Hyperledger Sawtooth, authorized nodes validate blocks and batches similarly. Block validation includes checking on-chain transaction permissions and applying on-chain block validation rules. Batches are sent to the transaction scheduler. The network layer facilitates communication between validators, REST API, transaction processors, and clients. It handles peer discovery, transaction handling, block management, and supports consensus engines. Sawtooth supports both serial and parallel scheduling of transactions and efficiently handles transactions modifying the same state addresses. The validator process consists of the chain controller, responsible for maintaining the current chains last block and determining chain head updates, and the block manager and publisher, responsible for creating new candidate blocks and adding valid transactions to them.

Here are some of the unique features of Hyperledger Sawtooth:

As the adoption of blockchain technology continues to grow, platforms like Hyperledger Fabric and Hyperledger Sawtooth play a crucial role in enabling organizations to build secure and scalable blockchain-based solutions. Hyperledgers collaborative approach and extensive membership base contribute to the development and standardization of blockchain tools and networks. With their modular architectures, robust consensus mechanisms, and support for smart contracts, Hyperledger Fabric and Hyperledger Sawtooth provide a solid foundation for organizations looking to leverage the benefits of blockchain technology. As the blockchain landscape evolves, Hyperledger remains at the forefront, driving innovation and transforming industries across the globe.

Hyperledger is a global enterprise blockchain platform that provides infrastructure and protocols for the development of blockchain tools and networks, aiming to create and maintain open-source blockchain networks for organizations.

Hyperledger Fabric is a modular platform for private enterprises, offering flexible smart contract implementation and data privacy. Hyperledger Sawtooth is a modular enterprise platform that separates the application layer from the core system, emphasizing secure smart contracts.

Hyperledger Fabric supports permissioned membership, enforcing access rights and providing granular control over data points, making it suitable for industries like finance and healthcare.

The Rest API in Hyperledger Sawtooth serves as a separate process for clients to interact with a validator, enabling transaction submission and block reading with a user-friendly interface.

The consensus engine in Hyperledger Sawtooth operates independently and supports language-independent consensus algorithms. It includes processors like BlockPublisher, BlockVerifier, and ForkResolver, enabling a flexible and customizable consensus mechanism.

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How to Explore the Capabilities of Hyperledger Fabric and Sawtooth ... - Cryptopolitan

Exploring the Potential of Blockchain in Revolutionizing Smart Grid Technology

The role of blockchain in smart grid technology has been a topic of discussion among industry experts, as the potential for revolutionizing the way we manage and distribute energy becomes increasingly apparent. Blockchain, the decentralized digital ledger system that underpins cryptocurrencies like Bitcoin, has applications far beyond the world of finance. Its secure, transparent, and tamper-proof nature makes it an ideal solution for addressing the challenges faced by the energy sector, particularly in the context of smart grids.

Smart grids are an innovative approach to energy management that leverages digital technology to optimize the generation, distribution, and consumption of electricity. They enable a more efficient and flexible use of energy resources, integrating renewable energy sources and facilitating the transition to a low-carbon economy. However, smart grids also face significant challenges, such as the need for secure and reliable communication between various devices and systems, as well as the management of vast amounts of data generated by these interconnected networks.

This is where blockchain technology comes into play. By providing a secure and transparent platform for the exchange of information and value, blockchain can help address some of the key challenges faced by smart grids. For instance, it can enable secure peer-to-peer energy trading between consumers, allowing them to buy and sell excess energy directly with one another without the need for intermediaries. This not only reduces the cost of energy transactions but also encourages the adoption of renewable energy sources, as consumers can be rewarded for generating their own clean energy.

Moreover, blockchain can help improve the overall efficiency and resilience of smart grids by providing a decentralized and tamper-proof record of energy generation, consumption, and transactions. This can facilitate accurate and real-time monitoring of energy flows, enabling grid operators to optimize the use of resources and respond more effectively to changes in demand or supply. In addition, the use of smart contracts self-executing agreements encoded on the blockchain can automate various processes within the grid, such as billing and settlement, further enhancing efficiency and reducing the potential for errors or disputes.

Another key advantage of using blockchain in smart grid technology is its potential to enhance cybersecurity. The energy sector has become an increasingly attractive target for cyberattacks, with potentially devastating consequences for the stability and reliability of the grid. Blockchains decentralized and encrypted nature makes it inherently more secure than traditional centralized systems, as there is no single point of failure that can be exploited by hackers. Furthermore, the use of blockchain can help ensure the integrity and authenticity of data exchanged within the grid, making it more difficult for malicious actors to manipulate or tamper with this information.

While the potential benefits of blockchain in smart grid technology are clear, there are also challenges to be overcome before this vision can become a reality. For instance, the scalability of blockchain systems remains a concern, as the energy sector generates vast amounts of data that need to be processed and stored. Additionally, there are regulatory and legal hurdles to be addressed, as well as the need for greater collaboration and standardization among industry stakeholders.

Nevertheless, the potential of blockchain to revolutionize smart grid technology is undeniable. As pilot projects and research initiatives continue to explore the various applications of this innovative technology, it is becoming increasingly clear that blockchain has the potential to transform the way we manage and distribute energy, paving the way for a more efficient, secure, and sustainable energy future.

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The Role of Blockchain in Smart Grid Technology - CityLife

Base, a Layer 2 network in development by Coinbase, reported that more than one million wallets initiated smart contracts on its test network during the Builder Quest period.

This initiative was designed to identify potential issues in the network, which is still a testnet, under high stress conditions. With this surge in activity, the team was able to identify critical stress points in both the platforms design and infrastructure, which it is now actively addressing. Yet it found these issues difficult to solve while keeping the whole system working as intended.

During this testing phase, the network faced a significant spike in activity and a flood of data-intensive transactions. In response, developers increased the Base block gas limit allowing for more transactions per block and aiming to mitigate the sharp rise in base fees.

However, following this modification, the team encountered challenges in securely delivering batches of cryptographic proofs of its network blocks back to Ethereums Goerli testnet, which serves as the Layer 1 (L1) chain in this context. A Layer 2 network runs on top of a Layer 1 network and batches transactions to it.

The team noted, After the implementation of this [doubling gas limit] adjustment, we faced issues due to larger L2 blocks when trying to batch blocks back to the Goerli L1. After this, the team continued with fine tuning parameters regarding how it batches transactions.

We fine-tuned parameters and made adjustments, hoping to reach equilibrium," Base said. Despite these changes, the system struggled to reach equilibrium and publish the unsafe blocks to the L1. It wasnt until the quests slowed down that we could close the gap emphasizing the need for a more robust, long-term solution, the team acknowledged.

Built on Optimisms development software stack, known as the OP Stack, Base is designed to serve as a rollup network, similar to Optimism. It aims to execute off-chain computations on a secondary layer to facilitate faster, cheaper transactions all while maintaining the security benefits of the Ethereum mainnet. Furthermore, this solution could potentially become the default Layer 2 network for Coinbases on-chain products.

Bases core team has made two optimizations in an attempt to stabilize the system after seeing a major spike in activity. First, the core team said, it enhanced the data compression, aiming to better use the "L1 transaction call data." Second, the team modified their system to allow the submission of multiple batches of transactions for each L1 block, rather than a single batch at a time. These changes, the team stated, could address the technical issues previously observed.

As we look towards mainnet, these changes not only pave the way for possible increases in block gas limit but also ensure that base fees remain low and accessible for users," the team said. "They [changes] also increase the reliability of writing L2 data to the L1, crucial for maintaining speedy withdrawals and transactions.

The Base team previously reported its testnet has drawn interest from a range of developers and projects, including Blackbird, Thirdweb, OAK, and Parallel. Additionally, notable DeFi platforms like Uniswap and Aave are considering deploying on Base once it goes live.

2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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1 million wallets use Coinbase-backed Base's smart contracts in testing - The Block - Crypto News

In the age of digital information, data privacy has become a critical issue for individuals and organisations alike. With the rise of cyber attacks, data breaches, and unauthorised access to personal information, it is essential to have effective measures in place to protect sensitive data. Blockchain technology offers a promising solution to enhance data privacy by providing a secure and decentralised way of storing, sharing, and managing data.

Blockchain technology is a distributed ledger that uses cryptographic algorithms to secure and validate transactions. A network of computers maintains the ledger, and each transaction is recorded in a block linked to the previous one, forming a chain of blocks or a blockchain.

Decentralised control: Blockchain is a revolutionary technology allowing decentralised and distributed data storage. Unlike traditional centralised and decentralised databases controlled by a single entity, blockchain technology provides a network of users with a copy of the same ledger. This eliminates the need for intermediaries and ensures that a single entity does not control data, reducing the risk of data breaches and unauthorised access.

For example, consider a supply chain management system that uses blockchain technology. All parties involved in the supply chain, such as manufacturers, distributors, and retailers, can access the same ledger and view the entire history of the product from its origin to its final destination. This provides transparency and accountability and reduces the risk of fraud or tampering with the product. Additionally, the network records and verifies any changes or updates to the ledger, ensuring that the data is tamper-proof and secure.

Immutable record-keeping: Once a transaction is recorded in a block, it cannot be altered or deleted. This ensures the integrity of the data and makes it almost impossible for unauthorised parties to access, modify, or delete data.

For instance, let's consider a real-life example of how blockchain's immutable record-keeping feature could be applied in healthcare. Suppose a patient's medical records are stored on a blockchain. Each time a new record is added, it is encrypted and added to the blockchain as a new block. This ensures that the patient's medical history is secure and unalterable, preventing unauthorised access or modification of the data. It can also facilitate better sharing of medical records between different healthcare providers, reducing the risk of errors and improving the quality of care.

Smart contracts: Blockchain technology allows for the creation of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts can automate processes and ensure that data is only shared or accessed under specific conditions.

For example, a smart contract can automate claims processing in the insurance industry. The insurance policy terms can be written into the code, and when a claim is filed, the smart contract will automatically execute the claims process based on the predefined terms. This can eliminate the need for intermediaries and reduce the time and cost of traditional claims processing.

Permissioned access: In some blockchain networks, access to data is restricted to authorised parties only. This means that participants in the network must be granted permission before they can access or modify the data. This ensures that data is only accessible to those authorised to view it.

For instance, manufacturers, distributors, and retailers in a blockchain-based supply chain network may have permissioned access to certain data, such as product origin and delivery details. The network may grant access to these entities based on their role in the supply chain, ensuring that the sensitive data is only available to authorised parties and enhancing data privacy and security.

Overall, blockchain technology provides a powerful tool for enhancing data privacy. By leveraging its decentralised, secure, and consensus-based architecture, blockchain can help protect sensitive data in various sectors, including healthcare, finance, and government. As blockchain technology continues to mature and gain wider adoption, it will likely become an essential tool for safeguarding data privacy in the digital age.

(The author is the CTO and co-founder of Mudrex, a global crypto investing platform)

Disclaimer: The opinions, beliefs, and views expressed by the various authors and forum participants on this website are personal and do not reflect the opinions, beliefs, and views of ABP Network Pvt. Ltd. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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From Smart Contracts To Limited Access: How Blockchain Technology Can Help Support Data Privacy - ABP Live