Despite lightening up our world, the energy industry is facing big challenges. Our world is made up of gadgets and appliances that constantly need to be powered up with some form of energy, be it electricity, petrol, cooking oil, or anything else. So, the production of energy never stops, and the requirement of more energy is unlikely to go down as well.
Bitcoin has recently hit a new all time high, shattering the $5,000 barrier climbing up to over $5800 before settling back in the $5500s. Only two months ago, bitcoin went through a fairly big hard fork, in which a second currency was created: Bitcoin Cash. If you held bitcoin before August 1st, then you technically also hold an equal number of bitcoin cash coins. Bitcoin Cash is an alternative currency, though, and does not share the same value nor market capitalization that bitcoin does.
As concerns about Big Data proliferate, laws are being proposed to address them in all major economies. While the EU is counting down towards the implementation of the GDPR, the U.S. is not yet on board with its own comprehensive law. India also does not yet have a concrete law in place on privacy.
The use of internet browsing data to profile a possible customer facilitates instant appearance of Ads. It is a double-edged sword. The consumer does not have to go and search for what they need, rather everything they need is brought to their attention. On the other hand, it is also a constant bombardment of ads that may no longer be relevant, or just take up too much of your attention, when you are trying to do something else. This is the new reality in the age of digital transformation.
There are many enduring questions. The fast pace of life doesn’t give us a break to take a few steps back and to contemplate on those questions. Wisdom is disappearing from our lives; it is turning into quotes from highly successful people; those that have made it in monetary terms. The thicker their wallet, the greater the wisdom attributed to the hollow words they disseminate.
Social media is all the buzz around...social media. Facebook has 2 billion monthly active users, and generates significant revenue from people browsing and interacting with content in a vertically scrollable list. A feed, so to speak, of posts and information. Realistically, Facebook is only the leader in this race, but there are many more participants.
The process of mining bitcoins is similar to a lottery. Bitcoin miners are competing to produce hashes—alphanumeric strings of fixed length that are calculated from data of an arbitrary length. They are producing the hashes from a combination of three pieces of data: New blocks of Bitcoin transactions; the last block on the blockchain; and a random number. In this article, we will analyse hashing and the digital signature process to understand their use past Bitcoin transaction verification alone.