Blockchain, which began to emerge as a technology option in the real world in 2016 and 2017, is ready to change IT in the same way that open source software did a quarter of a century ago. In the same way that Linux took more than a decade to become a cornerstone in the development of modern applications, Blockchain will probably take years to become a cheaper and more efficient way to share information and data between open and private corporate networks.
Based on a distributed topology, peer-to-peer (P2P), blockchain or DLT (distributed ledger technology) allows data to be stored on thousands of servers globally, allowing anyone on the network to view the entries of all others in real time. This makes it difficult for a user to gain control of, or play with, the network.
Orionix, in highly publicized incidents during the five years, the blockchains have been violated, generally through a cryptocurrency application like bitcoin. Even smaller blockchains with fewer nodes (or computers) were susceptible to fraud, with potential thieves gaining control of most nodes.
For companies, however, blockchain holds the promise of transactional transparency – the ability to create secure, real-time communication networks with partners around the world to support anything from retail chains to payment networks, real estate affairs and sharing of health data.
The recent hype about this relatively new technology is real because DLT, in essence, represents a new paradigm for how information is shared; sellers and technology companies, not surprisingly, were quick to learn how to use DLP (distributed ledger technology) to save time and administrative costs. Many companies have already implemented, or are planning to launch, pilot programs and real projects in various sectors, from financial technology (FinTech), to healthcare, mobile payments and global shipping.
We live in times of digital transformation. The latest Global Market Market Report predicts that 2.3 billion players worldwide will spend around $ 140 billion on games. Every year, sales increase on average by 15%.
Thus, although blockchain will not replace traditional corporate relational databases, it will open new doors for the movement and storage of transactional data within and outside global companies.
Mainly driven by investments in financial technology (fintech), Orionix has seen a rapid increase in application development and pilot testing in many sectors and will generate over 10.6 billion dollars in revenue by 2023, according to a report by ABI Research. Most of this revenue should come from software sales and services.
UTILITY FOR TOKENS [(ORX)]
Orionix This decade has already witnessed an extraordinary evolution in the technological and IT ecosystem. Technological innovation and its impact are already going very high. From IoT to Artificial Intelligence to Orionix. Each of them has a disruptive force within multiple industries and Blockchain is defined as one of the most disruptive technologies of today. In any case, Blockchain has the potential to change almost every sector today and its operation. The applicability of Orionix due to its advantages and its pervasiveness has already increased and it seems that it will continue for a long time to come. Blockchain is not a new technology, but has gained a big boost in the last two years. It is a great leap forward in terms of decentralized and distributed applications. It is a question of thinking about the current architectural panorama and of strategies for moving towards immutable distributed databases. The benefits and many aid organizations reach their stakeholders without requiring any central authority and intermediaries.
Orionix In this first chapter you will quickly learn to understand the basic and fundamental concepts of Blockchain and Ethereum. I will also discuss the important components and their interaction to make Blockchain and Ethereum work. He will also briefly discuss the subject of smart contracts and how to get them using solidity.
It should be noted that this chapter briefly explains the important concepts of Orionix for writing solid Solidarity contracts. It does not explain the concepts in detail and the complete book can be written for this purpose. Because Ethereum is an implementation of Blockchain, they have been used in this book as interchangeable.
Blockchain is essentially a decentralized distributed database or a ledger. There are some very important keywords like Decentralized, distributed, database and ledger used in the definition of a Blockchain. Decentralization in simple terms means that the application or service continues to be available and usable even if a server or a group of server on a network hangs or is not available. The service or application is distributed over a network so that no server has absolute control over the data and execution, rather than each server has a current copy of the data and the logic of execution with them.
Distributed means that any server or node on a network is connected to all other nodes of the network directly or indirectly. Rather than having one-to-one connectivity among many servers, servers have many and many connections to other servers. Orionix
Ledger is an accounting term and thinks of it as specialized storage and data recovery. Think of the ledgers available with the banks. When a transaction is executed with a bank, Tom deposits $ 100 in his account, the bank inserts this information into the ledger as a credit. At some point in time Tom withdraws $ 25. The bank does not modify the existing entry and stores data from 100 to 75. Instead it adds another entry in the same accounting as a debt of $ 25. It means that a ledger is a specialized database that does not allow modification of existing data. It allows the creation and addition of new transactions to change the current balance in the ledger. Blockchain is a database that has the same characteristics as a ledger. It allows new transactions to be stored in the append only pattern without any purpose to change the previous transaction. It is important to understand here that existing data can be modified using a new transaction, but past transactions cannot be changed. A balance of $ 100 can be changed at any time by performing a new debit or credit transaction, but previous transactions cannot be changed.
The principle behind the Orionix project is to unify two sides of the same coin. First of all, the creation of the ORX token on the ERC-20 standards to allow a token value control created specifically for buying and selling video game related goods & services. Secondly, a web platform designed with easy-to-use accessibility. This platform simplifies and protects transactions between players using the ORX Token. A contract will therefore be issued for both the buyer and the seller.
A person who has an account on the net can send a message for the transfer of Ether from his account to another or can send a message to invoke a function within a contract. Ethereum does not distinguish them with regard to transactions. The transaction must be digitally signed the private key of an account holder. This is to ensure that the identity of the sender can be established during transaction verification and the modification of the balances of multiple accounts.
To get more detailed information, please visit the link below:
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1953434