Connect with us

Latest News

APIs Explained: Their Role in Blockchain & AI

There is nothing conceptually complicated about an API, including a blockchain API. The term stands for Application Programming Interface and represe…

Published

on

APIs Explained: Their Role in Blockchain & AI

APIs are quite important for today’s websites and applications, and they have become imperative for blockchain applications as well. But few people understand what they are and why they’re essential for users and businesses alike.

There is nothing conceptually complicated about an API, including a blockchain API. The term stands for Application Programming Interface and represents a tool that hides complexity from developers, giving users the opportunity to interact with an application or website smoothly. It can make the components of an application reusable, send data from and to the application, and extend the application’s systems to partners.

Some Examples of APIs

APIs are one of the most convenient ways to programmatically interact with a given software component or resource.

Advertisement

APIs not only help users interact with applications but enable two or multiple applications to interact with each other. Now that you’re more familiar with the general concept, a blockchain API is nothing else than an API related to a blockchain infrastructure or application.

To understand better what an API is, imagine that you are in a restaurant and have a menu in front of you. The kitchen, in this case, would be part of the application or system that is going to prepare your order. However, how can you communicate with it? Thankfully, there is the waiter, who acts as an API. He is the messenger that registers your request, transmits it to the kitchen, and then delivers the food or the response back to you.

In a similar fashion, a blockchain exchange API can help you access cryptocurrency price and performance data from the platform.

Advertisement

Here is another real-life API example: imagine that there are no COVID-19  travel restrictions and you want to go on vacation. When searching for flights online, you will find many different options pertaining to destinations, departure and return dates and times, prices, etc. If you’re using an online travel service like Expedia, you will be able to analyze all options from a variety of airline databases. This is done through APIs.

A similar blockchain API example would be CoinMarketCap. It is one of the most popular and trusted cryptocurrency data providers. The website gets all of its data from the APIs of different exchanges, such as Binance, Coinbase, Kraken, Bistamp, and so on. The API of every exchange sends information back and forth.

Developing blockchain software is quite difficult, and it involves several sophisticated elements. One of the most essential components is the blockchain API interface. You can think about them as services that enable users and blockchain developers to interact with the application in different ways. Here are some examples of blockchain API services:

Advertisement
  • An easy to use Bitcoin-related API that enables any website, e.g. an online shop, to receive Bitcoin payments;
  • APIs for payment operations from digital wallets;
  • APIs for querying blockchain data related to blocks, transactions, etc.

Note that decentralized applications (dApps) are nothing else than applications that interact with native blockchains, such as Ethereum or Algorand, through APIs. This is why the latter are so important for the blockchain space.

The APIs can be created by third parties and sold or provided for free. Since APIs are essential for dApps and other blockchain use cases, having a decentralized API marketplace is really important. In a way, using blockchain for API management would be a great approach.

Blockchain and Artificial Intelligence Can Leverage Data Through APIs

APIs are all about data. Many APIs revolve around blockchain or software data that can eventually be categorized, distributed, compared, and analyzed in different ways. 

When it comes to huge amounts of data, the best way to analyze it is to rely on artificial intelligence (AI) systems. A combination including blockchain and AI would definitely do the trick. It can empower a decentralized API marketplace aimed at data sharing and processing.

Advertisement

For example, ai.market is an AI-oriented platform aimed at data providers, AI creators, and AI consumers. While it’s not focused on the blockchain industry, the platform can be used by third-party AI creators who develop systems and models for blockchain API-based data. The ai.market platform is powerful because it uses blockchain to automate a wide range of functions with the data market.

But the most important thing is that ai.market encourages businesses and organizations to leverage data and reap the most benefits from it. Most businesses are afraid to share data because of privacy concerns or regulations. However, wasting such valuable data is not a reasonable approach.

To maintain the privacy of data while analyzing and creating different statistics or models based on it, ai.market uses a unique approach called federal learning.  

Advertisement

ai.market also helps businesses to implement systems that incentivize users to share their data, which may include specific behaviors, preferences, patterns, and so on.

AI engineers can develop models based on data shared by consumers of different products and services. Customers can find relevant models on the marketplace provided by ai.market. All models are accessed through simple APIs. The goal of ai.market is to provide a secure marketplace for data-oriented AI models that can eventually support a global AI-based economy. The platform relies on blockchain and smart contracts to ensure automation of various data processes. ai.market is using blockchain for API trading, which helps customers buy and use relevant data APIs on the marketplace.

ai.market is the platform used by those who want to create, explore, and leverage AI. 

Here are the key players of the platform:

Advertisement
  • Consumers of different products and services that want to share data and monetize it;
  • AI engineers who require data sets to train their models;
  • Those who have existing AI models and want to sell them on the marketplace;
  • Those who want to create new models from scratch and train others for doing the same;
  • Contributors of value added services needed to create and approve datasets and models on the marketplace;
  • Those looking for datasets or models that don’t exist yet but are ready to pay for their creation.

To improve user experience, ai.market uses ORE ID, a blockchain authentication system provided by AIKON. It helps users to access blockchain applications through an easy login process, which can be email, phone, or social media. The passwordless authentication ensures an intuitive and secure user experience. 

Data is the most valuable asset in the digital economy, and APIs are at the epicenter of data processes. 

Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

Latest News

Dartmouth Jewish Studies HOD, Annelise Orleck Arrested; Video Surfaces 

Published

on

Dartmouth Jewish Studies HOD, Annelise Orleck Arrested; Video Surfaces 

Annelise Orleck, a professor of Dartmouth College, is all over the internet. She is the head of Jewish Studies at the institution. 

Annelise Orleck was arrested on Wednesday night during a pro-Palestinian protest on campus. Along with her, dozens of other professors were also arrested. Allegedly, they all showed up to support students. 

Recalling the incident, the 65-year-old stated that when police moved into the college on Wednesday night to arrest them, Dartmouth Green was unrecognizable. 

Advertisement

Annelise said that when she was trying to protect students, her phone was snatched from her and she was knocked down. 

Annelise Orleck added that, in her entire career of being a professor at the college for decades, she had never witnessed anything like that. 

A video of this incident has gone viral all over social media platforms in which police officers can be spotted pushing her against the ground, and then they detain her.

Advertisement

According to WMUR9, Orleck stated,

“I was mad because they had taken my phone, and I was mad because they just body-slammed me, and it hurt. And so, I went and said, ‘Give me back my phone’. I’m trying to get my phone back. I did. And, at that moment, three police lifted me up in the air, slammed me down onto the ground. I mean, I threw myself down onto the ground on my bad shoulder. And they said I was resisting arrest.”

The video of the 65-year-old that went viral was captured at the protest by news channels. 

She added,

Advertisement

“And it’s really shameful in a sleepy little campus, in a rural area like Dartmouth, that they brought in this ridiculous show of arms and strength and violence.”

Who is Annelise Orleck?

As per womenalsoknowhistory.com, Annelise Orleck was born and brought up in Brooklyn. Currently, she resides with the journalist Alexis Jetter, her partner in Thetford Center, Vermont. 

At the college, the 65-year-old teaches Jewish Studies, Women’s Gender and Sexuality Studies, and History. 

Moreover, she has been serving at Dartmouth for more than thirty years now. However, her bail condition states that she is banned from entering Dartmouth’s campus. 

Advertisement

Annelise Orleck stated she sent some emails to the institution, but was left unanswered. She said that being a Jewish woman, she was quite worried about her safety, especially after Wednesday night’s police response.

Also Read: Christopher Bouie Jr Video: Minor Arrested For Sanford, Florida Shooting Leaving 10 Injured

Advertisement
Continue Reading

Latest News

Galgotias University Students Protest Against ‘Urban Maxwell’ Triggered Meme Fest!

Published

on

Galgotias University Students Protests Against 'Urban Maxwell' Triggered Meme Fest!

The internet is currently divided following a viral video that showed remarks by students from Galgotias University about Sam Pitroda, the Chair of the Indian Overseas Congress, regarding the ‘inheritance tax’.

As per Business Standard, this incident that has filled the entire nation with laughter took place in Greater Noida. Purposedly, the students of Galgotias University held a protest in Delhi. 

Galgotias University Students Rally With ‘Unclear’ Agenda Spark Meme Frenzy

When an AajTak reporter reached the protest site, he questioned the students engaged in the protests. The reporter asked the students the motive behind their protest and the message their placards conveyed. 

Advertisement

Students seemed clueless about the questions asked. While responses from other students were even funny and laughable. 

Thus, the video showcasing students’ response has gone viral all over the social media platforms. The video has also garnered funny reactions from netizens online. 

Meme Fest All Over the Internet 

When the students were questioned, their relies on were just a comedy of errors.

Advertisement

One student stated that his motive behind the protest was his desire for a developed India. However, he lacked the basic specifics. 

Another student acknowledged that he was clueless regarding the Congress manifesto. Several protestors even struggled to read what was printed on their placards. 

When a student was asked to read the slogan written on the placard, the student read ‘urban naxal’ as ‘urban maxwell.’

Advertisement

It seemed that the protest was made to touch a range of issues in the nation, such as women’s empowerment, urban naxalism, NaMo’s stand on mangalsutra and wealth redistribution, inheritance tax and many more. However, clarity remains elusive. 

Videos circulating on social media garnered mixed reactions. Some laughed while others their criticism and showed disappointment at the students’ lack of awareness.

Responses received from students even triggered a meme fest all over the internet. Take a look!

Advertisement

Also Read: Christopher Bouie Jr Video: Minor Arrested For Sanford, Florida Shooting Leaving 10 Injured

Continue Reading

Latest News

Navigating Tankless Water Heater Repairs: Common Issues and Maintenance Tips

Published

on

Tankless water heaters have become increasingly popular in recent years due to their energy efficiency and space-saving design. However, like any appliance, they are not immune to occasional issues and breakdowns. In this blog, we’ll explore some common problems that can arise with tankless water heaters and provide tips for hot water repair in Melbourne to keep them running smoothly.

Understanding Tankless Water Heaters

Unlike traditional water heaters with storage tanks, tankless water heaters heat water on demand, providing hot water only when needed. This design eliminates the standby energy losses associated with conventional water heaters, resulting in lower energy bills and a continuous supply of hot water. Tankless water heaters are compact and can be installed in various locations, making them ideal for homes with limited space.

Common Issues with Tankless Water Heaters

While tankless water heaters offer numerous benefits, they can still experience issues that require attention and repair. Some common problems include:

Advertisement

●       Fluctuating Water Temperature:

 One of the most common issues with tankless water heaters is fluctuating water temperature. This fluctuation may occur due to mineral buildup in the heat exchanger, inadequate gas flow, or improper installation.

●       Mineral Buildup:

Hard water contains minerals such as calcium and magnesium, which can accumulate in the heat exchanger over time, reducing its efficiency and lifespan. Regular maintenance is essential to prevent mineral buildup and ensure optimal performance.

●       Ignition Failure:

Tankless water heaters rely on ignition systems to ignite the burner and heat the water. Ignition failure can occur due to issues with the gas supply, electrical components, or sensor malfunctions.

Advertisement

●       Water Flow Issues:

Insufficient water flow or pressure can result in inadequate hot water delivery, leading to discomfort and inconvenience for homeowners. Clogged filters, faulty valves, or inadequate pipe sizing may cause water flow issues.

●       Leaking:

Like any plumbing fixture, tankless water heaters are susceptible to leaks, which can occur due to worn seals, loose connections, or corrosion. Prompt repair is necessary to prevent water damage and potential mould growth.

Maintenance Tips for Tankless Water Heaters

Regular maintenance is key to preventing issues and prolonging the lifespan of your tankless water heater. Here are some maintenance tips to keep in mind:

Advertisement

●       Flush the System:

Flushing the tankless water heater helps remove mineral deposits and sediment buildup, maintaining optimal performance. Consult the manufacturer’s instructions or hire a professional plumber to perform this task.

●       Check for Leaks:

Inspect the unit regularly for signs of leaks, such as puddles of water or dampness around the unit. Address any leaks promptly to prevent water damage and mould growth.

●       Clean the Air Intake and Exhaust Vents:

Ensure that the air intake and exhaust vents are free from debris and obstructions to prevent airflow issues and combustion problems.

Advertisement

●       Monitor Water Pressure:

Check the water pressure regularly to ensure it falls within the recommended range for your tankless water heater. High water pressure can strain the unit and lead to premature failure.

●       Schedule Professional Maintenance:

Consider scheduling annual maintenance with a qualified plumber to inspect and service your tankless water heater. A professional can identify potential issues early and perform any necessary repairs or adjustments.

●       Addressing Specific Maintenance Tasks

In addition to the general maintenance tips mentioned above, there are specific tasks that homeowners can perform to keep their tankless water heaters in optimal condition:

Advertisement

●       Inspect and Clean the Inlet Filter:

Tankless water heaters are equipped with inlet filters that help prevent debris from entering the unit. Over time, these filters can become clogged with sediment and debris, restricting water flow and reducing efficiency. Regularly inspect the inlet filter and clean or replace it as needed to ensure unrestricted water flow.

●       Check the Condensate Drain:

If your tankless water heater operates as a condensing unit, it will produce condensate during operation. This condensate must be properly drained to prevent backup and overflow. Check the condensate drain regularly to ensure it is clear and free from obstructions.

●       Inspect Gas Connections:

Tankless water heaters that operate on natural gas or propane require a steady supply of fuel to function properly. Periodically inspect the gas connections and fittings for signs of leaks or damage. If you detect any issues, contact a qualified plumber to address them immediately.

Advertisement

●       Test Pressure Relief Valve:

 The pressure relief valve is a critical safety component that helps prevent excessive pressure buildup within the water heater. Test the pressure relief valve annually to ensure it is functioning correctly. If the valve fails to operate or shows signs of leakage, it should be replaced promptly.

●       Check for Error Codes:

Most modern tankless water heaters are equipped with diagnostic features that display error codes to indicate potential issues. Familiarize yourself with the meaning of these error codes and consult the manufacturer’s instructions for troubleshooting guidance. If you encounter persistent error codes or performance issues, seek professional assistance.

Investing in Professional Maintenance Services

While homeowners can perform some maintenance tasks on their own, certain tasks require the expertise and equipment of a qualified plumber. Consider investing in professional maintenance services for your tankless water heater to ensure thorough inspection and servicing. A professional plumber in Caroline Springs can identify potential issues early, perform routine maintenance tasks with precision, and provide expert guidance on maximizing the lifespan and efficiency of your tankless water heater.

Advertisement

Conclusion: Ensuring Long-Term Performance

In conclusion, while tankless water heaters offer numerous benefits, they require regular maintenance to operate efficiently and reliably. By understanding common issues and implementing preventive maintenance measures, homeowners can avoid costly repairs and ensure an uninterrupted hot water supply. If you encounter any problems with your tankless water heater, don’t hesitate to contact a qualified plumber for prompt and professional assistance. With proper care and attention, your tankless water heater can provide years of dependable service for your home.

Continue Reading

Trending

This will close in 5 seconds