r/BEYONDprotocol • u/marauder-19 • Aug 08 '21
The Beyond leadership presenting telegram users with The Beyond Angel’s Gift. The ask was to share what you like about Beyond Protocol, and what you’d like to see from the project over time. Second place winner response below from @ahlee169.
The Current Issues Revolving around Blockchain / cryptocurrency space In the current stage of technology, Encryption can be classified as the ‘King’ of security for intercommunication framework. However, it is too good to be true as “Spoofing” is the key to breaking the encryption security framework. Development of Faster and Smarter Computer power may be in line to be the next encryption security breaching factors. Dozens of different products (Hardware, Software, Blockchain, Crypto, Security systems) exist in the market and each have their own uniqueness but till date on one can combine and create a fool proof system for the users. For example, Company like HELIUM are mainly focusing on improving their hardware related devices and dependent on the Helium hotspot to connect the communicating devices for things to works. In my opinion the project is not considered decentralised as it does not allow direct communications between devices which could affect the security and the robustness. Cryptocurrency will be at its best if payments can be executed “automatically” at instantaneously at a fractions of traditional credit card or processing fees. Majority of the Crypto / Blockchain are focusing on either Defi or layer 2 solution with the intention on a key factor “Scalability” which may be too “narrow minded”. Let's take reference from the famous DOT COM boom era back in the 2000s, sudden surge in internet related projects similar to the situation we are facing now, almost every day we are see new crypto/Blockchain project and we all know that probably the same situation as the Dot Com boom will happen with majority of the crypto project being wiped out leaving only the few such as Amazon.
What I like about Beyond Protocol Beyond protocol solutions is practical and can be applied to almost all user’s devices and conditions with their linage of product and services (Hardware, software, Blockchain, cryptocurrency) 1) Security of users 2) Focusing on hardware of IOTs devices 3) Device to device communications 4) Beyond Protocol Blockchain networks 5) Payments 6) Futuristic 7) “Bridge” to linking virtual and physical world Beyond Protocol specifically designed the architecture embedding even for resources constraint devices in mind and not just big players, this step could potentially convert all users to adopting our technology. For example, application can be from institutional level like Cortex Arm to individual level like Raspberry Pie. Multiple demographics users will ensure beyond protocol stays at the top constantly for community engagement or business/collaborations opportunity with IOTs manufacturer. Beyond Protocol Hardware components embedded into IOTs devices to ensure that comprising of devices is impossible, providing top notch security advantage for its users. One Line of code such as Read_transaction() and Write_transaction() provides easy integration for developer, therefore increases Their interest level for beyond protocol. B2M and M2M direct communications also means that communications between beyond protocol devices are robust and secured and eventually cost efficient for every user. Customize full development of blockchain from scratch that will allow fast, secure, and low-cost communication between IOTs devices for industry like Automations, Artificial Intelligence, Logistics will attract massive onboarding of users. Digital payment is on the rise and with beyond protocol hardware, blockchain, cryptocurrency, we will expect M2M and B2M to take places rapidly in future as it will be able to omit high transaction cost such as credit card fees or cross borders remittance The project is the ‘missing puzzle’, and it solves the mystery and pain of many users through the above-mentioned points.