Forem: adebytes

A DEEP DIVE INTO THE MONACO PREDICTIVE MARKET PROTOCOL

adebytes — Tue, 06 Feb 2024 15:57:20 +0000

Introduction:

What are the odds? What are the odds of an event occurring over another event? Staking a bet has always been a past time that people engage in as fun or for profit. With the advancement of technology and the Web, there has been a surge of online platforms for people to stake their bets. With crypto payments already quickly replacing cash payments, mainly for its speed and transparency in many parts of the world, web3 predictive markets are toppling over traditional betting sites offering superb user experience to its operators. So have you ever thought about building a predictive platform or wondered how to place your bet on web3 without lugged and complicated procedures? The Monaco Protocol, which is suitable as a foundation for web3 betting applications, is the best bet. In this deep dive, you learn:

What The Monaco Protocol is.
It's Distinction from other Web2 and Web3 peers.
How the Protocol can be used to drive better peer-to-peer experiences.
Current use cases build on the protocol and use cases that can be implemented

What is The Monaco Protocol?

The Monaco Protocol, launched in the Solana mainnet in Q4 2022 and currently running in its devnet, is a liquidity-matching program designed to facilitate decentralized prediction markets [forecasting outcomes and emphasizing predictive analytics]. By utilizing smart contracts, Monaco protocol users can participate in the creation, trading, and settlement of predictions of various outcomes from sports games, market trends, and even election results. As an open-source protocol that is permissionless, it allows third parties and developers within the Solana ecosystem to innovate and build complementary applications and products on the protocol.
Getting Started: As a developer looking to build on The Monaco Protocol, click on the Get Started taking you to the GitHub repository for more technical details. As a trader, you can select one of the several DApps products on the Monaco protocol, connect your Solana wallet (set up one if you do not already have it), deposit funds(tokens) into your connected wallet, and then explore and participate in predictive markets by placing bets on specific outcomes.

Distinction of the Monaco Protocol from its Web2 and Web3 Peers

Decentralization & Security: Although there are several prediction platforms such as betfair and predictit that offer user experience similar to the Monaco predictive market, there remains the edge of decentralization and peer-to-peer interactions within the protocol, eliminating dependency on a centrally controlled authority, improving its transparency, and reducing the risk of manipulation.
Speed and Low Fees: The Monaco Protocol leveraging the power of the Solana blockchain with a Transaction Per Second (TPS) of 50,000/s enables its users to enjoy the required speed for exchange and its low gas fees (0.000005 SOL) for each transaction, making you pay less than your bet is worth.
Tokens and Points: The Monaco Protocol offers a token incentive system that encourages user engagement through staking and rewards for creating, trading, or settling predictions. Its points system (The Monaco Protocol Earners Program) rewards contributors to the Monaco Ecosystem. These Points are earned by participating in trade in the Monaco system. For every USDC traded on the ecosystem, makers (liquidity providers) earn six points, traders (bettors) earn four points, and DApps earn two points. These points provide access to every likely reward and benefit of the Monaco Protocol.

How can the Monaco Protocol be Used to Drive Better Peer-To-Peer Experiences?

Peer-to-peer computing (a transaction between a buyer and seller) is the basis of Web3, as it offers decentralization, aiding the elimination of intermediaries, improving cost savings, and improving security. The Monaco Protocol already has the stated advantage, but can further improve its peer-to-peer experience by reducing complexity, increasing reliability, and offering valuable insight that moves value between peers.

Detailed Predictive Market Signals: With incorporation of highly reliable predictive market signals within the ecosystem is more reliable than anywhere else will make traders make more informed decisions that will enhance the quality of peer-to-peer interactions.
Community-driven decision-making: The incorporation of a governance system in which users can actively participate in decision-making will foster a sense of ownership and partnership.

What are the current use cases of the Monaco Protocol?

The benefits of the Monaco protocol include, but are not limited to, best-price matching, single-outcome binary markets, in-play betting with betting delay, Partial Matching and Order cancellation on unmatched accounts. All these aim to create a flexible and fair predictive market for users. The Monaco Protocol has some of the best DApps that are currently running in its ecosystem.

BetDex:

is the world's first decentralized sports betting protocol built by the creators of Fan Duel. It serves as a peer-to-peer non-custodial sports betting exchange. This means that users are not betting against the system, but against each other. Like a stock exchange market with buyers and sellers but instead now on the betting market the buyers are “backers” and the sellers are “layers” and When a betting market is matched, the backer will predict that an event will happen (say a team wins) and the layer predict that an event will not happen (the team loses) then both of them agree on a price (the odds) that the event will or will not happen. Place your money(token) to cover your bet’s position. If you choose that an event will happen and it happens, you win the odd(say 3.0) × your money.

PureBet:

This is a decentralized betting aggregation sports betting protocol with streamlined functionality and comprehensive features for both seasoned bettors and newbies that uses the liquidity of the Monaco Protocol, giving you total control over your funds while you bet at the highest odds.

Bet On Anything (BOA):

Functions as an AI prediction market where you can bet on the future of anything you want (from sports to pop culture), and the AI will resolve and settle the market.

Disbet: Disbet is a Discord bot that enables sports bettors to bet on the Monaco Protocol directly within the Discord server. It brings real-time game odds into the chat, allowing you to quickly choose your bet outcome and the risk amount.

Which Use Case Would I Like To See On the Monaco Protocol?

NFT Markets and Airdrops: Collaboration between the Monaco and NFT markets and airdrops will boost cryptocurrency market trends and artist acceptance. People can guess what might happen with special digital art or how much drops could be worth later. This will help art fans, artists, and crypto enthusiasts by giving them ideas about what might happen in the digital world. This would further cement the Monaco Protocol to have a decentralized web3 betting ecosystem.

Conclusion:

The Monaco Predictive Market specializes in betting applications revolutionizing peer-to-peer experiences within the web3 network, offering users a platform to engage in decentralized, high-profit, and transparent predictions.

References:
Monaco Blog
Monaco Doc
Monaco Twitter
Patlid.com

Testing and Debugging Techniques for Responsive Websites

adebytes — Wed, 17 Jan 2024 12:39:16 +0000

What is Responsive Mobile Testing?

With the evolution of different screen sizes, one of the major hacks in web design is the replication of its design (text, UI elements, and images) on different screens such that users have a seamless experience operating the web through their device.
Responsive Design Testing, therefore, entails a process by which web design is optimized using CSS media queries and viewports adjusted to all screen sizes and resolutions by which a user accesses the website. It eliminates the tedious method of writing different sets of code for different browsers and allows the freedom to use one set of code (HTML, CSS, and JavaScript) for a site so that the website scales itself automatically to an array of devices and resolutions.

What type of testing is required to check the responsiveness of a website?

In designing a web a reliable method in checking the responsiveness is by “Cross Brower Checking.”
Cross-browser checking is simply an assessment of how web design elements (display and usefulness) operate on different browsers and operating systems. Several tools can be used to check the responsiveness of the web:

BrowserStack: BrowserStack is probably one of the most used responsive design testing tools as it offers a range of 3000+ browsers and smartphones on which you can test your site . The company offers both free and paid options.
BitBar: BitBar by SmartBear is another major tool used to test Web responsiveness. It offers a secure environment for testing more than 2000+ browsers. It has a free trial and payment option.
Screenfly: Screenfly is a free product available for all device types that allows text to be read on the website at different screen resolutions.
Responsive design checker: Responsive design checker is another free tool that offers the basic design concept and determines the responsiveness of a site.
Chrome Developer Tools: Most modern browsers come with a developer tool that allows them to inspect and debug the responsiveness of the web. The developer tools are similar across browsers and can be used in the same manner. Open your URL site on chrome, and on the landing page right click that pops open a menu and scroll down to Inspect (Ctrl+Shift+I), which reveals the code style of the page you are on. To check the responsiveness of the web click on the “Toogle device toolbar”.

How do I create a responsive layout?

Wire frames: Wire frames are a sketch or outline of how the web design would look like. This gives you a concept of where and what to do in writing code, which will enable a good user experience.

Viewport: Define the viewport with a meta-tag that tells the browser how to scale and size the content while rendering the page on the device.
CSS Media Queries: Media queries allow your page to adapt to the viewport. One way is to use @media in your CSS-style code.

How to confirm the responsiveness of your site?

You’ve created a responsive site and you want to be sure that it is responsive across browsers and screens then you can follow these steps to be sure.

Scale/resize content based on portrait or landscape orientations in mobile devices.
Make a switch between shrinking and enlarging the window of your browser to see differences connected with changing viewports
Confirm that the content, alignment, and the font in which it is written. Are they equally displayed on all types of devices?
Confirm if images, videos, audio that are on your page are displayed and played without problems
Navigate links and menus across different devices

Concluding Thoughts

In doing a Responsive design test, begin with testing the website on various viewport sizes to check if the content scales to fit correctly. Responsive design helps you to ensure a seamless user experience (UX0 and the correct operation of your site. If there are any inconsistencies in images, colors, fonts, you can make use of Pre-Designed Responsive Template like the Bootstrap framework which lets you create a responsive design speedily.

Mastering HTML5 and CSS3:

adebytes — Wed, 10 Jan 2024 09:25:35 +0000

HTML5 and CSS3 are Modern Web Design Fundamentals, and a certain level of expertise could be the difference between great web-responsive designs and jaded ones. The building foundations for HTML5 and CSS3 were Hypertext Markup Language (HTML) and Cascading Style Sheets (CSS).

HTML was created by Berners-Lee and was the first language (not to be confused as a programming language) used in developing web applications, which makes its relevance still reasonable. CSS, developed by the World Wide Web Consortium (W3C), was born out of the need to style the HTML components of the Web.

You can think of a web as a body with HTML serving as a structure like bones and muscles, and CSS has its skin tone and overall appearance. In essence, one is a structural language that defines the structure of a webpage, and the other is a declarative language with the exclusive purpose of defining the appearance and positioning of HTML elements on a webpage.

HTML5 and CSS3 are modern variations of HTML4 and CSS2. Although older versions of CSS, CSS2 and CSS2.1 can all be used in conjunction with each other, the latest version of HTML5 is currently the standard and you cannot use HTML4, XHTML, and HTML5 elements at the same time.

A quick guide to mastering HTML5 and CSS3 is by practice, reading, and studying the code of websites you like, using developer tools on browsers to see style guides, and following tutorials that build live projects.

Below are some free sources to master HTML5 and CSS3, giving you in-depth knowledge sufficient to scale front-end development.

Another Comprehensive source is the HTML and CSS3 beginner tutorial series on YouTube: (https://youtu.be/LqvFIuVlyP8?si=ntajM0vA847xax6g )

Have a great time learning and enjoy!

HOW TO HOST YOUR STATIC WEBSITE ON CloudflarePAGES

adebytes — Wed, 03 Jan 2024 15:31:24 +0000

Hey budding web developer transitioning into the world of codes and bugs. You have probably spent a considerable amount of time perfecting your skills through markup and programming languages, and now you have built a website that you are eager to show to your group or use as part of a portfolio. You have built it on your system or device, so what’s left is to put it up somewhere. There are different free sites where one can deploy a static web from GitHub pages, Netlify, and CloudfarePages. I choose CloudfarePages because of its simple approach for newbies using HTML, CSS, and JavaScript bits. However, it should be noted that to deploy your site on Cloudfare as with most other static site deployments, you will have to create a Github repository where you upload the files of your web design. You can sign up to cloudfarepages on https://dash.cloudflare.com. On your dashboard, select Workers & Pages > Create application > pages > connect to git. Then, Select the new GitHub repository that you created and, in the Setup builds and deployments section, provide the following information:

Framework Preset None

Production branch main
Build command (leave empty if there are none use *JEKEYLL BUILD)
Build output directory (can be “/_SITE”)

After you have finished setting your build configuration, select Save and Deploy. Your project build logs will be output as Cloudflare Pages installs your project dependencies, builds the project, and deploys it to Cloudflare’s global network.