World’s First Web3 Music Patent for Capital Distribution
Tune in… As a fan, you should be able to stake capital into a music artist that gives them a new way to raise it by sharing success with you. This is a foregone conclusion. So, I patented the process to make it happen faster. Builders are now able to immediately use this process in web3 music applications. Let’s see a simplified brief on the patent before we go into the story of its development and more detail on what it is, what it is not and what it is for.BRIEFNFTs are used to crowdfund fo...
World’s First Web3 Music Patent for Capital Distribution
Tune in… As a fan, you should be able to stake capital into a music artist that gives them a new way to raise it by sharing success with you. This is a foregone conclusion. So, I patented the process to make it happen faster. Builders are now able to immediately use this process in web3 music applications. Let’s see a simplified brief on the patent before we go into the story of its development and more detail on what it is, what it is not and what it is for.BRIEFNFTs are used to crowdfund fo...
Annual Percentage Rate (APR): What It Means and How It Works
What Is Annual Percentage Rate (APR)?Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment. This includes any fees or additional costs associated with the transaction but does not take compounding into account. The APR provides consumers with a bottom-line number they can compar...
Annual Percentage Rate (APR): What It Means and How It Works
What Is Annual Percentage Rate (APR)?Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment. This includes any fees or additional costs associated with the transaction but does not take compounding into account. The APR provides consumers with a bottom-line number they can compar...
Zero-Based Budgeting (ZBB)
What Is Zero-Based Budgeting (ZBB)?Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process of zero-based budgeting starts from a "zero base," and every function within an organization is analyzed for its needs and costs. The budgets are then built around what is needed for the upcoming period, regardless of whether each budget is higher or lower than the previous one.KEY TAKEAWAYSZero-based budgeting is a technique used by c...
Zero-Based Budgeting (ZBB)
What Is Zero-Based Budgeting (ZBB)?Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process of zero-based budgeting starts from a "zero base," and every function within an organization is analyzed for its needs and costs. The budgets are then built around what is needed for the upcoming period, regardless of whether each budget is higher or lower than the previous one.KEY TAKEAWAYSZero-based budgeting is a technique used by c...
zk-SNARK
What Is zk-SNARK?Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information. This proof is made possible using a secret key created before the transaction takes place. It is used as part of the protocol for the cryptocurrency, Zcash.KEY TAKEAWAYSZk-SNARK is a zero-knowledge proof protocol used in encryption, and is ...
zk-SNARK
What Is zk-SNARK?Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information. This proof is made possible using a secret key created before the transaction takes place. It is used as part of the protocol for the cryptocurrency, Zcash.KEY TAKEAWAYSZk-SNARK is a zero-knowledge proof protocol used in encryption, and is ...
Zero Balance Account (ZBA)
What Is a Zero Balance Account (ZBA)?A zero balance account (ZBA) is exactly what it sounds like: a checking account in which a balance of $0 is maintained. When funds are needed in the ZBA, the exact amount of money required is automatically transferred from a central or master account. Similarly, deposits are swept into the master account daily. Corporations sometimes use zero balance accounts to ensure funds are readily available throughout different departments, to eliminate excess balanc...
Zero Balance Account (ZBA)
What Is a Zero Balance Account (ZBA)?A zero balance account (ZBA) is exactly what it sounds like: a checking account in which a balance of $0 is maintained. When funds are needed in the ZBA, the exact amount of money required is automatically transferred from a central or master account. Similarly, deposits are swept into the master account daily. Corporations sometimes use zero balance accounts to ensure funds are readily available throughout different departments, to eliminate excess balanc...
