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Rostyslav Demush

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Top Stories by Rostyslav Demush

The concept of ‘Minimum Viable Product (MVP)’ has been made widely popular by The Lean Startup movement and is religiously used by everyone ever since. Enterprises are taking a page out of Eric Reis’s book and trying to adapt and adopt some of its best practices, MVP being one of them. But the problem and paradox of MVP is that in order to succeed in a modern digital world, it should be neither just minimum nor simply viable. Which also rises a question whether ‘MVP’ is still the right term to use. Today we dive deeper into why large companies should go with this strategy and uncover the contradictions it has gathered around to finally get to the bottom of what is essentially MVP? Why Bother with MVP? If executed correctly, MVP helps to focus on the most important first and get a real feedback from users. By putting customers’ needs as a priority, it checks if by ... (more)

How Decentralized Exchanges Enable Trustless Trade on Blockchain Networks

For the longest time, people used to trade tokens and cryptocurrencies in centralized exchanges. It was convenient: the exchanges matched and executed orders automatically and provided a processing speed which most blockchains could never pull of – not with their complex block validation. But, at the same time, they were vulnerable as, in fact, all centralized databases are. ShapeShift, Cryptsy, Colbitex, Coinflip… it’s hard to even to count all the traditional exchanges that either fell victim to hacking or were shut down by regulators over the last few years. And this caused u... (more)

How Smart Contracts Work and What Industries They are Most Likely to Affect

Amazon disrupted the retail industry. Uber rendered taxies obsolete and Airbnb, the world’s leading online property marketplace, replaced hotels. Now, the original disruptors might find themselves in danger too. There’s a new technology emerging – the blockchain-powered smart contracts – that has a potential to take over what is now their place. What are Smart Contracts? Smart contracts are something many in the tech world have been dreaming of since the nineties. Nick Szabo, the computer scientist who first described the concept in 1996 (and also coined the phrase), defined them ... (more)

How Chatbots Reduce Customer Service Costs and Help to Streamline Business Processes

Though self-aware robots taking over the world has been a running theme in many a Hollywood movie, the AI-related technologies have been nothing but beneficial for us so far. Chatbots, in particular, have become a necessity for business strategies; they are now an integral part of consumer engagement, customer service, sales and lead generation for many companies around the globe. Today, we’ll discuss what lies behind the technology’s sudden popularity. We’ll talk about why companies, of different size and business origins, adopt and eagerly seek new ways of using this conversat... (more)

Ethereum’s Big Switch Explained: Why the Blockchain is Ditching Proof of Work and Adopting Proof of Stake Instead

Recently, we posted a brief overview of the Ethereum ICO craze. Before that, we had reviewed how blockchains work in general. Today, we’ll delve deeper into the process of mining. In this article, we’ll introduce briefly the concepts of Proof of Work (PoW) and Proof of Stake (PoS). We’ll talk about why Ethereum, the second largest blockchain, is planning to switch the former for the later and share some forecasts as to the outcomes this decision might lead to. Let’s get to it. Byzantine Generals’ Problem Among his many breakthrough accomplishments, Satoshi, the mysterious founder ... (more)