CategoriesBlockchain

Blockchain Technology: Key Features & Security Architecture

Blockchain technology refers to a decentralized database system containing cryptographically linked blocks of digital assets. It is a peer-to-peer network database ruled by a decentralized system. It represents a sequential shift away from the conventional agents towards transparent conduct.

With blockchain technology, industries have been transformed simultaneously in all dimensions, most notably in how businesses operate on a day-to-day basis. Blockchain integration in business solutions also cuts out intermediaries’ role across various vital services and reduces overheads.

Blockchains are secured through multiple mechanisms, including advanced cryptographic techniques, logical models, and many more.

This article explores techniques that make blockchains secure.

Blockchain Security: Centralized Blocks

The term ‘Blockchain Technologyrefers to a centralized digital blockchain that contains money transactions. It consists of cryptographic blocks that are interconnected to each other. Blockchain solutions are designed to be tamper-proof and highly secure.

Blockchain consists of three key strategies: Cryptography, Decentralization, and Consensus.

All of these features make it difficult for tampering with a blockchain record. It is because the hacker would be required to change the entire block containing the blockchain records. The network participants also have their security keys assigned to the ultimate transactional key that acts as a personalized digital signature.

In any circumstance, if the record is altered, the digital signature will get invalid, and any attack will be detected immediately by the corresponding network.

Early notifications and alerts are essential for preventing further damages or attacks in blockchains. At a glance, blockchain security also provides various desirable features that help to secure transaction data.

Key Characteristics of Blockchain Security

Unquestionably, blockchain is a means to ensure security. It has become a disruptive technology due to its ability to centralize, incentivize, digitize, and secure the transactions’ validation. The records are protected through cryptography decentralization to ensure the foolproof blockchain security of the blocks. 

Many sectors are evaluating blockchain technology for detecting the strategic differentiation to leverage their business potential. Blockchain has the potential to simplify business processes and give them access to enhanced performance and security.

Every transaction in this technology that gets recorded and stored is not directly labeled as a blockchain.

Some of the defining characteristics of blockchain technology are as follows:

Immutable

In blockchain technology, all transactions are immutable. Even the code encryption is used for the transactions, effectively securing the participants’ date, time, and information.

Consensus-Based

Blockchain technology executes transactions only when the parties participating in the network anonymously approve them. One may even choose to alter the consensus-based regulations to match the circumstances.

Distributed

With distributed blockchain technology, the processing is distributed evenly among all business peers, building a shared infrastructure within the business system. Participants can independently validate the details without any centralized authority.

Digital Signature

Blockchain technology streamlines the exchange of translational values by using unique digital signatures that are based on public keys. In blockchain technology, private key codes are known only to the key owners to develop ownership proof. It is a critical feature that avoids any fraud in blockchain record management.

Persistent

An invalid transaction is detected by consensus-based blockchain technology. When transactions are integrated into a blockchain ledger, it is not easy to roll them back. Cryptographically, blockchain blocks are created and sealed inside the chain, making it difficult for the hackers to edit or delete already developed blocks and put them on the network.

The Security Architecture of Blockchain Technology

Blockchain records are protected by cryptography, in which network users have their own private and secure keys. This key is attached directly to the transaction keys, and it functions as a customized digital signature. Blockchain safeguards and prevents any malicious attack and secures the data of the company by encrypting it.

Blockchain is empowered at many layers for developing any enterprise application.

These layers include the following elements:

  • User access layer
  • Presentation layer
  • Identity and access management layer
  • Application layer
  • Network layer
  • Infrastructure layer

Blockchain technology is specially designed to pay off in the long run. Blockchain professionals can help you implement the essential measures to ensure the success of your blockchain solution. Blockchain has irreversible and highly encrypted data blocks that allow us to fight against any fraudulent conduct.

Conclusion

Blockchain Technology has shown its potential for conventional transformer industries with its key attributes like persistence, decentralization, audibility, etc. Blockchain offers highly enhanced security during transactions irrespective of its value. The security of blockchains makes it a highly unique and universal solution to streamline legal contracts and ensure Enterprise transparency.

If you are looking for Blockchain development companies, Mpiric Software is available to assist you with Blockchain services

If you have any queries then book an appointment, we’ll be happy to connect with you.

CategoriesWeb Technology

NodeJS vs AngularJS: Differences to Consider

Both Node.js and AngularJS are developed to build web applications using JavaScript, both use JavaScript syntax, but they work and use it in quite different ways.

Now before we look into Node.js vs AngularJS, let us first understand Node.js and its advantages.

Node.js: What Are Its Advantages?

Node.js is a cross-platform runtime environment for running JavaScript applications outside the browser. It is a free and open-source tool to build server-side JavaScript applications. Additionally, it provides an extensive library of JavaScript modules that simplify coding.

Benefits of Node.js are:

  • It’s open-source
  • It includes an API that allows developers to build different types of servers
  • It’s scalable. Developers can use it either for horizontal scaling or vertical scaling
  • It supports out of the box unit testing. Developers can use any JavaScript unit testing framework to test their Node.js code
  • It enables rapid development suitable for applications that require frequent changes
  • It is a high-performance tool, thanks to incorporating non-blocking I/O operations. It employs the JavaScript V8 engine to execute code, increasing its speed
  • It supports scripting languages like Ruby, Coffee Script, and TypeScript

AngularJS: What Are Its Advantages?

The AngularJS framework is designed for building dynamic web applications. It allows developers to use HTML as template language and lets HTML’s syntax to express application’s components briefly but clearly.

Benefits of AngularJS are:

  • It’s open-source
  • It provides a smooth, dynamic Model View Control Architecture, making it easier for developers to create client-side web applications
  • It provides built-in features like filters, directives, and automatic data binding
  • It’s easy to use, thanks to decoupling Document Object Models (DOM) manipulation from application logic
  • It makes unit testing easy, thanks to its built-in test runner
  • It uses the Plain Old JavaScript Objects (POJO) data model, producing spontaneous and clean code, ideal for interactive, user-friendly web-based apps
  • It supports object-oriented, functional, and event-driven programming paradigms

Following our understanding of Node.js and AngularJS, let us now examine the key differences between Node.js and AngularJS.

Node.JS

Angular JS

Node.js is a cross-platform run-time environment for applications written in JavaScript language.

AngularJS is an open-source web application development framework developed by Google.

You need to install Node.js on the computer system.

You just need to add AngularJS file just like any other JavaScript file to use it in applications.

It is written in C, C++ and JavaScript languages. Node.js supports non-blocking input/output API and an event-driven architecture.

AngularJS is written entirely in JavaScript. It also allows extending the HTML’s syntax to describe the components of your application.

Node.js is useful to build fast and scalable server-side networking applications.

This framework is best suited for building single-page client-side web applications.

Node.js has many different frameworks like Sails.js, Partial.js, and Express.js.

AngularJS is itself web application framework.

It is Ideal for developing small size projects.

It is Ideal for creating highly active and interactive web apps.

Developers can use JavaScript on the client as well as the server. So, they can focus on learning one language.

Angular JS needs a deep understanding of prototyping, scope, and various other JavaScript aspects.

Node.js is quite useful for generating database queries because JavaScript is used to write database queries for databases like MongoDB, CouchDB. This reduces the developer’s task as they don’t need to remember the syntax differences while combining Node.js and NoSQL databases.

Almost all other frameworks implement MVC by asking splitting an app into MVC components. It is difficult task, but Angular makes it simple as it implements MVC by splitting the app into MVC components.

Node.js will be an ideal option for the real-time collaborative drawing/editing-type apps, where the user can see the document being modify live by another user like Dropbox or Google Docs.

Angular’s declarative approach simplifies app development in a sort of WYSIWYG way. Instead of spending time on how the program flows and what loaded first the developers can define what they want, and Angular JS will take care of the dependencies.

Node.js will be useful in situations when something faster and more scalable is needed.

Angular is useful in creating real time applications like instant messaging or chat apps.

On the whole, AngularJS is a client-side framework, whereas NodeJS is a cross-platform runtime environment. The JavaScript developers can integrate NodeJS and AngularJS to simplify the development of isomorphic applications. They can even use both AngularJS and NodeJS as two primary components of the MEAN software stack along with MongoDB and ExpressJS.

As a top web development company, we are delighted to assist you with the new web development technologies. Contact us today for any kind of web development services!

CategoriesWeb Technology

Web 3.0 – Decentralization and Trust

Web 3.0 has taken social media by storm. There are many articles about the future of technology in the tech world. But What is Web 3.0 and how does it differ from the internet we are all familiar with?

To understand Web 3.0, first, you must understand Web 1.0 and Web 2.0

We are here to clear all this confusion in your head. In this article, we’ll examine the differences between today’s internet and tomorrow’s as well as what to expect from them. So, let’s dive in!

Web 1.0

Web 1.0 was the first version of the Internet that enabled people to consume content, made up of simple text- and image-based pages, and marked by the first business websites. Media companies adopted Web 1.0 early as a route to market because of its simplicity.

It lacked user interaction and the ability to create your own content, and web searches were limited to very specific phrases. It wasn’t intelligent and malleable.

It was eventually going to change, as forums would give way to Web 2.0.

Web 2.0

Web 2.0 is also known as the social web. It emerged around 2004-2005, and we are still using this version of the web.

In the early days of Web 2.0, new web design practices and powerful web browsers ushered in the era of human and social web interactions. In turn, we saw the emergence of rich, responsive web design and the rise of the web app, which turned webpages into software applications capable of complex functions previously available only through native Windows or Mac software.

With the two-way nature of Web 2.0, online socialization, creativity, division, and idea sharing have increased around the world. Furthermore, it has allowed us to use our collective data in many ways, from suggested search results to targeted advertising to song recommendations.

This data will eventually pave the way for Web 3.0.

So, What Is Web 3.0?

On today’s internet, content creation and consumption happen instantly, and data on these activities are often collected, analyzed, and stored at specific locations.

Facebook, for example, stores huge amounts of user data in data centers around the world. But Web 3.0 aims to change that by making data more widely available and usable.

How is Web 3.0 Different?

Personalized browsing

No matter how invasive those ads can seem, you can’t deny the convenience of being able to easily click through to a special offer for something you need or want that you might otherwise have missed.

Web 3.0 provides a far more personalized browsing experience for all of us. Web apps can become far more efficient as they adapt to the device, location, and accessibility requirements we might have, and websites can automatically adjust to fit our needs.

Search more efficiently

Search engines with natural language capabilities have incredible power, as previously stated. Almost no learning curve is involved, and the benefits extend well beyond the consumer; businesses will be better able to optimize their websites more naturally, rather than resorting to complex keyword strategies.

Better app experiences

Aside from websites, web apps will also start to provide far richer experiences for users from the multifaceted Web 3.0.

An example of such a service is Google Maps, which combines the basics of location searching with route suggestions, hotel recommendations, and live traffic updates. This simply wasn’t possible in the Web 2.0 era.

Conclusion

In a similar way to how the Internet of Things (IoT) is gradually creating a more digitally-centric, connected society, Web 3.0 is making the Internet more accessible to more people as it removes lingering complexity.

As a web development company, we are extremely excited by all the new changes happening in the web world.

CategoriesMarketing

Businesses need DIGITAL MARKETING: Why?

It is no longer necessary for businesses to approach their customers the old-fashioned way; traditional marketing has taken a back seat in favor of a new look.

We are constantly trying to create new ways of making things possible, which has led a lot of things down a new path. Even though traditional marketing strategies aren’t gone, the methods used by marketing professionals today are much more popular than what we used to know.

It is estimated that 60% of the world’s population uses the internet. Due to the pandemic, this number increased by 20% over the past two years and businesses had to adapt at a rapid pace. Change is one of the key components of effective evolution – there was an overnight digital transformation of businesses.

Due to its high reach, visibility, and measurability, Digital Marketing has emerged as one of the fastest-growing forms of marketing. It will soon become the main focus of all advertisers.

Importance of Digital Marketing for Small and Large Businesses

Cost-Effective and Faster

The cost of digital marketing is more affordable than traditional marketing. If your business has limited resources, you cannot afford to advertise solely through traditional marketing. Printing flyers is also an expensive and time-consuming endeavor.

But with digital marketing, your small business can begin the process right away. All you need to do is conduct some research, then try any of the digital marketing types.

Brand Awareness

Investing in digital marketing services will allow your business to establish a rapport with prospects. This helps you to show your customers exactly what your company does and how it can fulfill their needs.

Broad Reach

Digital marketing has a global reach. Hence, it is possible to accept orders from all over the world and not be restricted to any one region. Furthermore, you can still target specific demographics when you go global. That makes it a win-win situation.

Customer Relationship Building

The importance of customer service in digital marketing cannot be overstated. Marketing professionals build relationships with customers by answering their questions, solving any problems they encounter while using a product, and turning them into repeat customers.

Good relationships with your audience can boost your business.

Brand Image

A company’s image makes all the difference. Choosing the right campaign strategies can make or break a company’s brand image. Digital marketing enables effective campaigns to be designed and can fix any glitches instantly.

Better ROI

By investing in ads, companies can increase their revenue with digital media and, ultimately, increase conversions. The cost of investing in digital media is much lower than that of traditional media and the returns are also higher.

Result-oriented

Companies can measure their results in real-time with digital marketing. As a result, they can analyze the campaign’s effectiveness and formulate strategies accordingly. It is very important to analyze data in order to evaluate the effectiveness and success of your campaigns today.

Conclusion

Clearly, Digital Marketing is a crucial aspect of survival for businesses today. If you want your business to grow, you must expose your brand to a wider audience. Digital Marketing seems intimidating at first, but once you learn about it, you’ll see that it offers a lot of potential for your business.

We, at Mpiric Software, offer Performance-Driven Digital Marketing Solutions. It provides digital marketing services to companies across the world. Grow your Brand Visibility & Sales. Enquire Now!