Reposted (From the other blog for that now dead project)
The Era of Decentralized Finance and Tokenization of The Internet of Things.

Since the emergence of the Digital Currency Age within this the current Digital Age of Information & Technology and the advent of Bitcoin in 2009 by the founding forefather of Cryptocurrency and Digital Money: Satoshi Nakamoto, the industry and technology which powers it has grown at an astonishing rate. The last decade saw a successful triple helix merger of Decentralized Finance with the global Stock Exchange and The Foreign Exchange.

In accordance with “Moore’s Law”, the exponential rate of technological growth of the industry and the technology governing it, heralds 100’s and 1000’s of new cryptocurrency projects, daily, weekly, monthly and yearly. The current rate of growth has seen literally 1000’s of projects emerge to compete in an ever growing market place which is now more than welcoming of both new innovations and continual growth of current developments and projects that expand outwards creating elastic expansion of existing blockchain networks such as the open blockchain of the Bitcoin network and it’s number 1 contender for industry control: Ethereum, which in its constantly growing and expanding state of development through ERC20 (Ethereum Request for Comment #20) tokens may in reality take up well over 75% of the cryptocurrency marketplace action and multi-(block)chain network activity.

(Moore’s Law outlines that computing technology in the form of the microchip doubles every two years, though the cost of computers is halved. Moore’s Law states that “we can expect the speed and capabilities of our computers to increase every couple of years, and we will pay less for them.”- Wikipedia)

The Wheel Cannot Be Reinvented.

With the creation and launch of more exchanges and token swap and trading platforms in cryptospace, we embrace the advent and creation of more ALT (Alternative cryptocurrency) coins and tokens, which in represent projects and real world sectors of society, now tokenized in cryptocurrency, from; charities, animal welfare, homelessness, feeding programs, social media platforms, digital and visual art platforms, gaming platforms, virtual real estate, the list could go on forever, that which holds data that may remain unchanged can be allocated space on the immutable technology that is a blockchain network.

The cost of gas/transaction fees and computational costs for the processing of transfers, on the Ethereum network in recent times lead to an industry cry for help which came in the form of the Binance Smart Chain, (and other project’s network chains such as PolkaDOT, ENJIN, LOOM and Immutable X to name a few) but Binance Exchange has created a formidable contender in the tokenizing of both exchanges and the interaction between blockchains and token swaps providing a cross-chain bridge in the form of BSC Network Integration on the MetaMask extension, Ethereum based crypto wallet. 

BEP20 is to $BNB what ERC20 is to $ETH. The creation of the BSC standard token BEP20 the Binance Smart Chain equivalent of the ERC20 token which forms the elastic backbone of the ever expanding Ethereum Mainnet, which due to the congestion of network activity traffic has become costly for any scale investor to transfer cryptocurrency around (and between) networks.

Bitcoin gave us the algorithm and blueprint for all crypto currency and what is becoming the digitized future of money. We cannot reinvent the wheel, but we can modify it’s design, add to it, and alter its appearance. Just as with the wheel, there are several variant real world applications to digital currency and the tokenization of The Internet, by means of decentralized apps and RD token is about to roll out on the world stage and Decentralized Finance market place.

What is The IoT or The Internet of Things.

With all this technological advancement and digital evolution occurring around us as the world turns, more and more catchphrases and buzzwords circulate us just as stardust from aeons ago spirals amongst the space junk up there with Space Station Alpha; The Moon and all the Celestial Planets including our own Sun/Star, people tend to write about things without actually breaking them down, almost expecting that everyone will know what that means, based on current news and events. This is simply not the case, and as much as the heading states this buzzword, there is not a mention of what it is, why?

All that is mentioned circumnavigates The IoT, so it is unrequired to state the what, so right about now those who don't know are again scratching their noggins thinking "ok, so what is The IoT?"... "We have the internet that is known, isn't that the only internet?" Meaning "it is connected to things and we are connected to it", and as much as that is a round about way to possibly say yes and no at the same time, simply put The IoT is the evolution of The Internet HTTP (Hypertext Transfer Protocol) and then www (world wide web), which are the basic of server hosted and operated websites alongside www2, which is just an extension of the World Wide Web, now we have W3/web3 which in place of calling it www3, is just web3 and web3 is what is becoming known as The Decentralized Web or The Internet of Things (IoT). [So you now you know ;)]

Before breaking down (a personal interpretation thereof) the IoT and Web3, we must understand how the internet has evolved and changed and what each change has given us as a society.

The Internet/ Web 1: Allows us to be connected via computer networks and to see things such as global media; world news and for huge corporations and businesses alongside governments to be connected.

Web 2 (2nd layer Internet): Allows user interaction, contribution and commerce layers. This is what we all currently use and are used to, it was introduced to us in the 90's-2000's and brought about e-commerce, internet banking and the ability to host and share our own content.

Web 3 (The decentalized Web): Allows us to connect to The IoT or #InternetOfThings and the freedom of creating and partaking in The #Decentralized Web.
The best and shortest definition is from #Blockchance.

Why is it The Internet of Things?

Web3 and the decentralized web IoT is not governed by the same protocols of "The Internet"  it, in most parts is predominately blockchain networked (reliant on individuals being the nodes and not huge servers hosting them [the nodes]) and oriented around the aspect of immutability.

Now we have people who are questioning "what is immutability?" It is not a super power, although could be considered somewhat of a super powerful aspect of technological advance in digital computer technology, data storage, and data preservation, based on the fact that there are undoubtedly several variables to each person's life that could be deemed immutable, these are such personal data components such as; Date of Birth, Mother and Father's Names, Social Security Number, Bank Account Details, Driver's License Number, just to name a few personal data variables which once instated cannot be altered unless forged or falsified. Now with IoT there are other immutable aspects of all industries, take for example cooking, a simple recipe for a tomato pasta sauce can be looked at as immutable, the algorithm for the ingredients and the cooking process doesn't change, there are only variations altered and adjusted depending on region and chef penning the recipe.

In relation to the aforementioned piece and the heading, we aim to outline that this project is of benefit to its; investors, followers and supporters as well as its' contributors through our soon to be implementation of Decentralized Applications or dApps which will connect end users to The IoT via their smart device/s. This could be a dApp that controls lightswitches in the house, why? The function of lighting is immutable, the algorithm and programming involved is unchanged and indifferent worldwide, like a standard, we all know that everyday lighting can be set to 1 of 2 functions ON or OFF. This is immutability and The IoT in its simplest form.

In one of our real world end user case scenarios, take for example travel plans and details; this too is immutable, not the destination or mode of transportation, the algorithm behind the planning; first we pick a location, then we check available flights, then we check hotels, then we book a flight, and so on and so forth in a SQL (Structured Query Language) of boolean If-Then-Else and For-Do loops sequences, this is life people, this is really life, when we stop and think for one moment about the hows and whys and what fors of life, then it is all SQL statements and algorithmic programming, If the flights are cancelled, or delayed, or the destination is a no fly zone, then we change destination and start the structured query for travel all over again, it is the same with most aspects of living.

How is this relevant to dApps built on blockchain technology for sports betting or gambling games? The laws of probability and the mathematics behind them remain unchanged, although in some instances one would think that it can be "rigged" to always present a certain outcome in favour of The House/Dealer so to speak. However in accordance to the consensus protocols governing the trust driven P2P network, there is a factor of provability.

The chances of winning therefore are what is deemed provably fair, based on the programming code being a genuine random number generation sequence and not just stating to be as such.

This is the same with the instances of blockchain dApp gaming, the laws of probability are now aligned with the state of provability, and if consensus deemed the case as with the words written here, then that state of provability governed by the laws of probability could by consensus if one was to call attention to such issue, and others agreed, then be disproved and rendered obsolete. This is why all dApps and code on web3 are next to near perfect before deployment and at times some projects such as this have been in the pipeline for some greater amount of time than made visible to the public's attention. Once deployed it cannot be changed, altered or edited in any way, it can however be revised and an alternate edition or version be instated in it's place if such issues arose, or in the instance of blockchain gaming, when new versions or stages or challenges have been created for the end user they can then be deployed to the blockchain, attaching themselves as separate entities on their own block. This is not to say that ALL web3 is blockchain based, however most of the DeFi dApps rely on connecting to the blockchain via crypto wallet extensions as somewhat of a key to the blockchain. (That can be explained at a later stage)

In a nutshell this is to state that this as a project is an innovation and essential to the cryptocurrency/DeFi revolution and movement as an industry, if you will of the existing infrastructural foundation born of cryptocurrency and the digital money revolution which if you haven't noticed is occurring, while the (global) cities sleep, and will aim to bring with its inception an all encompassing one project multi-platformed fintech solution/s to this "Brave New World" of Decentralized Finance Technology.

Thanks for reading!