fact or fiction
Is it fact or merely fiction? Fact or Fiction explores the myths and beliefs we hold about cyber safety, artificial intelligence, dystopian futures and our everyday gadgets.
Cryptocurrency: The Fintech Disruptor
While it seems absurd to introduce a new financial terminology to an already complex financial world, cryptocurrencies are challenging one of the biggest annoyances in today's financial markets: the security of transactions in the digital world. Provides a much-needed solution. Cryptocurrency is a defining and disruptive innovation in the rapidly changing world of financial technology, and a fitting response to the need for a secure medium of exchange in the era of virtual trading. In an era where business is all about numbers and numbers, cryptocurrencies are proposed to do just that! A proof of concept for an alternative cryptocurrency that promises to trade in a misnomer is a property, not an actual currency. Unlike everyday money, cryptocurrency models work as decentralized digital mechanisms without a central authority. In a decentralized cryptocurrency mechanism, money is issued, managed and supported by a collaborative community peer network. Its ongoing activity is known as mining on peer machines. Successful miners receive coins in recognition of their time and resources. Once used, the transaction information is sent to the blockchain on the network under the public key, preventing the same user from spending each coin twice. Blockchain can be thought of as a cash register. Coins are secured behind a password-protected digital wallet that represents the user. The supply of coins in the digital currency world is predetermined and not manipulated by individuals, organizations, government agencies or financial institutions. Cryptocurrency systems are known for their speed, as transactional activity via digital wallets can realize funds in minutes compared to traditional banking systems. It is also largely irreversible, further reinforcing the idea of anonymity and further eliminating the possibility of tracking money back to its original owner. Due to their salient features, cryptocurrencies have also become a trading mode for numerous illegal transactions. Currency rates fluctuate in the digital coin ecosystem, just like real-world financial markets. As the supply of coins is limited, the value of coins increases as the demand for the currency increases. Bitcoin is the largest and most successful cryptocurrency ever, with a market cap of $15.3 billion, a market share of 37.6% and a current price of $8,997.31. Bitcoin entered the forex market in December 2017 and was trading at $19,783.21 per coin until it suddenly collapsed in 2018. This decline is due to the rise of alternative digital coins such as Theorem, Puccini, Ripple, EOS, Bitcoin and Mint Chip. With hard-coded supply limits, cryptocurrencies are believed to follow the same economic principles as gold. Prices are determined by limited supply and fluctuating demand. Its sustainability is yet to be seen due to constant exchange rate fluctuations. As a result, investing in cryptocurrencies is currently more speculative than everyday financial markets. In the course of the industrial revolution, this digital currency was an integral part of the technological upheaval. From the casual observer's perspective, this surge may seem evocative, ominous, and mysterious at the same time. Some economists remain skeptical, but others see it as a flash revolution in the financial economy. To put it mildly, digital coins will take away about a quarter of the currencies of developed countries by 2030. This has already created a new asset class alongside the traditional global economy, and in the coming years, crypto finance will create a new set of investment vehicles. Recently, Bitcoin may have tumbled to shine the spotlight on other cryptocurrencies. Some financial advisers have stressed the government's role in fighting the secret world and regulating central government mechanisms. However, some advocate maintaining the current free flow. The more popular a cryptocurrency is, the more scrutiny and regulation it attracts. This is a common paradox that plagues digital banknotes and undermines the primary purpose of their existence. In any case, the lack of intermediaries and oversight is very attractive to investors and dramatically changes day-to-day trading and international banks. After 2030, regular transactions will be dominated by the cryptocurrency supply chain, reducing friction and increasing economic value between tech-savvy buyers and sellers. If cryptocurrencies want to become an integral part of the existing financial system, they must meet very different financial, regulatory and social standards. To provide basic utility to the mainstream monetary system, it must be hack-resistant, consumer-friendly, and well-protected. It aims to maintain the anonymity of its users so that it does not become an avenue for money laundering, tax evasion and internet fraud. This is a must for any digital system, so it will be a few years before we understand whether cryptocurrencies can really compete with real-world currencies. The success (or failure) of overcoming cryptocurrencies will determine the future fate of the monetary system. Dive into the world of much debate and hard-coded secrets of the next monetary system, cryptocurrency
By Bhagirath Roy3 years ago in 01
Artists of Black History Month
Black Background Month has actually been acknowledged every February for as long as a lot of us can remember, however also few understand exactly how it all came to be. For that, we need to go right back to 1915 and a gentleman called Carter G. Woodson. A grad of the University of Chicago, with a doctorate from Harvard, he is called the "Papa of Black History Month."
By brownrachel199163 years ago in 01
Listen to Your Body
Listen and you will receive. You're body is supposed to be your temple, or so they say. Although it doesn't always happen that way. We are always in a hurry to complicate our lives. Let us just chill and relax. The way God has intended it to be. It will help if you listen to it. Nature is calling, will you take the collect call or pick up the phone? You should probably take the call, or at least I would.
By Alex Jennett3 years ago in 01
The New Twitter!
Buying of Twitter! Elon Musk one of Twitter’s most active users and has more than 109 million followers, began buying shares in the company this year. In April, he struck the deal to buy the company for $44 billion and said he would lift Twitter’s content moderation policies, eliminate spam, add new features and provide more transparency about the algorithms used to promote content.
By Vraj Patel3 years ago in 01
What are the Benefits of True Wireless Earbuds?
Say goodbye to your wired earphones as the age of wireless gadgets is truly upon us. There are so many gadgets that we use everyday that use bluetooth connectivity and make our lives easier. Be it sending files from one device to another or connecting your laptop to the printer. A few clicks can help you do so much more!
By Avinash Gupta3 years ago in 01
AI artists are taking over: Stable diffusion
Less than a month ago, StabilityAI has released an open-source Deep Learning model that can let anyone generate art and images. This is big news since even you can have access to it! I will show you what kind of images it generates and then give you the link to where you can also generate art on your own. Let’s get into it.
By Pircalabu Stefan3 years ago in 01
What is Gratitude to You – Enter my Contest
What is gratitude to you? Since we all have different things we are appreciative of; a few of the reasons I’m grateful are realizing I am fortunate to appreciate several people in my life who have been there for me and, also for what I have accomplished so far.
By Lynne Black3 years ago in 01
The Most Important Quotes about AI
Artificial intelligence is perhaps the most important topic of 2022. After the digital revolution, which is still underway, we will surely see an AI revolution. In the future, most tasks around the globe will be automatically performed by AI agents, with humans being supervisors of those agents. Most CEOs of big corporations know that they must adopt AI as part of their company, or they will be left behind.
By Pircalabu Stefan3 years ago in 01
Who let the Dog Out
The price of Dogecoin recently saw a significant upward thrust, creating what is most likely the pole of a bull flag. Following this, the price is not expected to consolidate until next wednesday before experiencing some scolding from the Feds . Any price action that takes prices below their recent lows presents an opportunity to open a long position and follow the trend to the next range of higher prices when its break finally occurs after Elon Musk’s takeover of Twitter
By Estalontech3 years ago in 01
Investing in Near Protocol Would be A Good Idea in Near Term
Price for NEAR Protocol as of this writing is $ 3.07, with a 24-hour trading volume of $ 584.71M, a market cap of $2.432 billion, and a percentage market share of 0.23%. Over the past day, the value of NEAR has risen by 6.21 percent.
By Estalontech3 years ago in 01
