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Think of a virtual world in which people live, work, shop, and interact with others -- all from the comfort of their own spaces in the physical world. This is known as the metaverse. Metaverse is a new technology, an improved version of an augmented reality that enables several people to share a collaborative, and immersive virtual space. The recent announcement by Facebook, now Meta, (NASDAQ: META) was created for a virtual universe that integrates each of its services. Various companies like Disney, Qualcomm, Nike, and Microsoft have shown immense interest in it. The metaverse market supposedly is projected to grow at 45.2% CAGR from 2024 to 2030, according to the latest Market Research Future report. DIFFERENT APPLICATIONS Owing to its appealing features and multiple benefits, metaverse has a wide range of applications such as, Healthcare- Considering the arrival of the latest 5G technology, telemedicine may attain new horizons. Using AR in the metaverse, healthcare can supplement maximum people’s requirements across the globe. For example, during an eye exam, doctors can use tools and devices from the metaverse to facilitate the diagnosis. Through this technology, ophthalmologists can capture the patient’s eyes through a three-dimensional view and also make use of sensors for collecting vital signs. Along with pre-operative pictures from 3D scans, MRI, and CT, AR headsets are utilized for viewing crucial real-time patient data like respiration rate, blood pressure, body temperature, and heart rate. Besides, physicians and nurses, AR can also be used by everyone for vein identification. Manufacturing- With the use of virtual reality, there are less chances of accidents taking place. A manufacturer will not be required to spend time or money educating new employees as this will be looked after by VR training. This technology also helps to create better products as every element can be examined through a VR goggle. Manufacturers can also create flooring through virtual reality. Military Applications- The military application of VR and AR have faced a considerable breakthrough. TAR (tactical augmented reality) is a technology that appears akin to NVG (night-vision goggles), but with high functionality. This may display the precise location of a soldier along with the position of hostile forces and ally. A synthetic training environment again is an AR system that has been designed for offering a realistic training experience via putting them in psychologically and physically demanding combat settings. Education- Through a VR headset, students are highly motivated to learn. With the help of this technology, teachers can develop a highly effective classroom environment. This also allows incorporating of any language in the software thus solving the issue of language barrier. Investment- Metaverse can fundamentally change the standard through which we socialize with others. The metaverse is the next big investment theme and the stock sectors are already benefitting from it. Metaverse - a virtual world for immersive experiences where people across the world can meet, play, watch, and trade - has gained traction this year after major companies. ACTUAL PERKS OF METAVERSE Metaverse will offer people with novel capabilities and new opportunities which they have not yet known. Affordability of Various Products and Experiences- Metaverse will boost up the affordability of different products and experiences radically thus giving the common people access to luxuries. Metaverse will allow humanity to travel the world virtually with superior quality interaction with families in distant places, and more. Also, most of the jobs which were earlier accessible only locally will now be accessible globally or nationally as remote work will be far better than it presently is over Slack or Zoom. This novel wave of information ultimately will develop huge new job markets. Development of New Possibilities- Metaverse will launch new possibilities which currently do not exist. Within a span of a few years through rapid VR development, people will have access to new possibilities that will offer much more than entertainment value. Sustainability- The metaverse will prove to be an immense boon for sustainability. By attending social gatherings, schools, and workplaces virtually instead of physically, people will indeed save precious resources. In short, the metaverse is the merge of the physical and virtual space. This possesses the potential of overcoming the limits that people experience in real life. This technology is surely here to stay for good! Source: metaverse market
Most Reliable Blockchain Platform EVER
About TransferXO For crypto enthusiasts and experts who need to purchase and sell goods and services, TransferXO is a peer-to-peer (P2P) marketplace for digital currencies that is easy to use, flexible and has solid financially and legally backed escrow services. Unlike other P2P crypto platforms, TransferXO supports cross-border trades and bill payments. Product Features • Facilitate cross border funds transfer and trading regardless of geographical boundaries • Enable peer-to-peer (P2P) trading between buyers and sellers • Enable conversion of fiat currencies to cryptocurrencies and vice versa • Promote bill payments with cryptocurrencies • Swap or exchange one cryptocurrency for another • Frequently asked questions (FAQs) on cryptocurrency • Earn passive income through referral programs • Cryptocurrency calculator to determine the exchange rates between major fiat currencies and cryptocurrencies • Performance recognition scheme to rank traders • Learn about blockchain and cryptocurrency • Cryptocurrency payments: Cryptocurrency payments are transactions made using digital currencies such as Bitcoin, Ethereum, and others. These transactions are secure, fast, and often have low transaction fees. They are also decentralized, meaning that there is no central authority controlling the currency, and transactions are made directly between individuals. TransferXO can teach you to how to make money in crypto. Be the first to know once TransferXO is live!
Blockchain - All About
Definition of blockchain The blockchain is a register of decentralized data shared in complete security. Blockchain technology allows a selected group of participants to share data. Thanks to the blockchain, transactional data from multiple sources can be collected and shared. The data is divided into shared blocks which are chained together with unique identifiers in the form of cryptographic hashes. Blockchain provides data integrity with a single source of truth, eliminating data duplication and increasing security. In a blockchain system, fraud and tampering with data are avoided because data cannot be changed without the authorization of a quorum of the parties. A blockchain ledger can be shared - but not edited. If someone tries to change any data, all participants will be notified and know who made the attempt. Blockchain technologies To learn more about blockchain, its underlying technology, and use cases, here are some important definitions. Decentralized trust: The main reason companies use blockchain technology, instead of other data stores, is to provide a guarantee of data integrity without relying on a central authority. This is called decentralized trust through reliable data. Blockchain Blocks: The name blockchain comes from the fact that data is stored in blocks and each block is connected to the previous block, forming a chain structure. With blockchain technology, you can only add new blocks to a blockchain. You cannot edit or delete a block once it has been added to the blockchain. Consensus algorithms: Algorithms that apply the rules in a blockchain system. Once the participating parties define the rules for the blockchain, the consensus algorithm ensures that these rules are followed. Blockchain Nodes: Blocks of blockchain data are stored on nodes, the storage units that keep data synchronized or up to date. Any node can quickly determine if a block has changed since it was added. When a whole new node joins the blockchain network, it downloads a copy of all blocks currently on the chain. Once the new node syncs with the other nodes and has the latest version of the blockchain, it can receive all new blocks just like other nodes. There are two main types of blockchain nodes: 1. The full node stores a complete copy of the blockchain. 2. The light nodes store only the most recent blocks and can ask older blocks when users need them. Types of blockchains Public Blockchain: A public or unauthorized, blockchain network is a network that anyone can participate in without restrictions. Most types of cryptocurrency operate on a public blockchain governed by rules or consensus algorithms. Authorized Blockchain: A private, or authorized, blockchain allows companies to set controls over who can access blockchain data. Only users with permissions can access specific datasets. Oracle Blockchain Platform is an authorized blockchain. “I see an authorized blockchain as a family. What I mean by that are family members, they trust and protect each other. No guest is allowed to enter without the formal consent of all family members. True members of the family, they, therefore, keep private information within the family. It's about data protection. What happens in a family stays in the family. They update each other with all the information. As with data privacy, they protect their mutual information in order to protect each other and keep everyone's home secure. It is therefore the family chain. It is the blockchain. From my perspective, blockchain is all about data security, efficiency, and privacy. ” —Ghassan Sarsak, Director of Technology and Innovation, ICS Financial Systems Limited The business value of blockchain The use of blockchain technology is expected to increase dramatically over the next several years. This game-changing technology is seen as both innovative and disruptive, as blockchain will alter existing business processes with streamlined efficiency, reliability, and security. Blockchain technology offers specific business benefits that help businesses in the following ways: - It builds trust between parties doing business together by providing reliable and shared data - Eliminate siled data by integrating data into a single system with a distributed ledger shared within a network that authorized parties can access - It offers a high level of data security - It reduces the need for third-party intermediaries - It creates real-time tamper-proof recordings that can be shared among all participants - It allows participants to guarantee the authenticity and integrity of products placed on the market. - It allows seamless tracking and tracing of goods and services across the supply chain VGAMER - The New Virtual Game, You Need To Experience Welcome to VGAMER, an application that helps us connect our console games, play, stake, stream, and create NFT with other users. It is a place where gamers and blockchain meet to make friends. All details are in Token Pre-sale (Details): Platform: Start: Dec 24, 2021 (8:00PM GMT) End: Dec 27, 2022 (12:00AM GMT) Number of tokens: 25,000,000,000 VGM (25%) Soft cap / Hard cap: 50% / 100% Exchange rate: 1 BNB = 12,500,000 VGM Accepted currencies: BNB, BUSD Min / Max buy: 0.1 / 10 BNB