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ICO Overview : ICO is a crypto way of fundraising in which entrepreneurs can raise capitals for the Crypto Projects. The ICOs that are successful in raising desired capital graduate to become new cryptocurrencies in the market. Capital investments are made by potential investors through the purchase of ICO tokens with virtual cash or other digital currencies. The tokens are representations of an asset or utility in the blockchain. The tokens are fungible and tradeable. Characteristics of an ICO: * They are decentralized with no central authority to lead them. * It’s performance largely depends on blockchain Smart contracts that execute transactions, process orders, and store details of the agreements between exchanges and investors. * Agents such as brokers or stockbrokers are absent which enables investors to directly deal with the platform. * Anyone from any part of the globe can have access to it using the Internet. * Investors are not restricted by any conditions during the purchase of the issued crypto tokens. Steps to Launch an ICO * Check with your competitors * Market research * Comply with the different regulations * Create the whitepaper * Establishing an Investor dashboard * Fixing the price of a token * Integration of wallets * Form an experienced team * Setting up the customer support services * Create an ICO website * Report preparation * Pre sale ICO * Launching your ICO * Marketing and promotions * Post sale ICO These are the steps to launch your ICO in a secure way. If you are a startup willing to raise funds by launching an ICO, the feasible way is to hire the right ICO development company. However, there are many ICO development companies out there in the crypto markets. No worries, I have taken the burden to find out a reliable firm, Zab technologies. It is a prominent ICO Development company that offers end to end ICO development services. If you want to discuss your requirements regarding raising funds using ICO, you can consult with the Blockchain experts from Zab technologies via, Mail-id: email@example.com Whatsapp: +91 77085 29089 Telegram: https://t.me/Zabtechnologies skype: live:contact_86571
Ethereum is a public, decentralized blockchain that also acts as an open-source platform to develop decentralized applications. It is one of the most popular blockchains in existence, second only to Bitcoin (BTC) with a market share of USD 19,556,818,393. Setting up an Ethereum testnet can be a daunting task and resource exhaustive. However, we can set up our own Ethereum private testnet without a genesis file, which is easy to do and also less resource-intensive. Also, to know more about app development with Ethereum, visit our Ethereum blockchain development services. Then, we can test our DApps on this Ethereum private testnet without having to use real ETH. Pre Requisites OS:- Ubuntu 16.04 or later Memory:– C++ compilers are memory-hungry. It is recommended to have at least 1.5 GB of memory available. Setting up Ethereum Private Testnet By following the below steps, you can set up a private testnet node on your local machine. Installing geth $ sudo add-apt-repository ppa:ethereum/ethereum $ sudo apt-get update Initiating the blockchain $ geth --datadir <path to your dataDir here> --dev Exit the console Starting the private blockchain $ geth --dev --port 3000 --networkid 58343 --nodiscover --datadir=<path to data Directory> --maxpeers=0 --rpc --rpcport 8543 --rpcaddr 127.0.0.1 --rpccorsdomain "*" --rpcapi "eth,net,web3,personal,miner" --ws --wsport 8546 --wsaddr 127.0.0.1 --allow-insecure-unlock Significance of different flags used –dev:- It means the eth node runs in development mode and there will be mining only when there will be transactions on the given node. –data-dir:- The path to the datadirectory to be used. –max peers:- It is 0 since we want to set up private testnet. Noone from outside our machine will be able to connect to the node. –rpc:- It allows us to use RPC methods. –rpcport:- Port to be used to connect to our node with RPC requests. –rpcaddr:-Address of the machine trying to connect to this instance of the node. Since we are setting it up on a local machine, it will be 127.0.0.1. –rpcapi:-You can mention modules that you can use for RPC requests to the node. –ws:-It allows our node to be connected with a WebSocket. –wsport:-Port to be used to connect to our node using web sockets. –wsddr:- Address of the machine trying to connect to our node through a web socket. Here it is 127.0.0.1 –alow-insecure-unlock:-It allows account creation request to be fulfilled by our node by an HTTP connection. Attach process and start geth console in a new tab $ geth attach http://127.0.0.1:8543 Create a new account > personal.newAccount(password) Remember this password. The address generated by the above command will be the coinbase address where all the fake ETH for testing will be deposited. Check if there is any mining using > eth.mining You might not see mining as the private testnet is running in the development mode which means there will be mining only when there is a transaction on the private testnet. Check the balance of coinbase address > web3.fromWei(eth.getBalance(eth.coinbase),"ether")
At Oodles, our experts believe that blockchain healthcare solutions with smart contracts can bring various positives in the industry. In this blog, we will analyze the role of blockchain smart contracts in the healthcare industry. Blockchain smart contracts allow records and information to be stored on a digital ledger. This means if a patient was moving from one hospital to another, they would be able to do so with ease and without having to fill out numerous forms. Records can then also be viewed by the patient’s preferred physician on the blockchain network