Digital_trio

What is bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.

Bitcoin is a digital currency that was created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority.

Bitcoin is a type of cryptocurrency. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to. All bitcoin transactions are verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as “BTC.”

The bitcoin system is a collection of computers (also referred to as “nodes” or “miners”) that all run bitcoin’s code and store its blockchain. Metaphorically, a blockchain can be thought of as a collection of blocks. In each block is a collection of transactions. Because all the computers running the blockchain has the same list of blocks and transactions, and can transparently see these new blocks being filled with new bitcoin transactions, no one can cheat the system.

Artificial Intelligence

What is AI?

Artificial intelligence (AI) are the simulation of human intelligence in machines that are programmed to think like human beings and copy their actions. The term may also be applied to any machine that show qualities associated with a human mind such as learning and problem-solving.

Artificial intelligence has made it possible to deposit cheques from the comfort of your home. AI is proficient in deciphering handwriting, making online cheque processing practicable. The way fraud can be detected by observing users’ credit card spending patterns is also an example of artificial intelligence.

Is AI the future?

Artificial intelligence is impacting the future of virtually every industry and every human being. Artificial intelligence has acted as the main driver of emerging technologies like big data, robotics and IoT, and it will continue to act as a technological innovator for the foreseeable future.

Four Types of AI-

REACTIVE MACHINES-The most basic types of AI systems are purely reactive, and have the ability neither to form memories nor to use past experiences to inform current decisions. Deep Blue, IBM’s chess-playing supercomputer, which beat international grandmaster Garry Kasparov in the late 1990s, is the perfect example of this type of machine.

LIMITED MEMORY-This Type II class contains machines can look into the past. Self-driving cars do some of this already. For example, they observe other cars’ speed and direction. That can’t be done in a just one moment, but rather requires identifying specific objects and monitoring them over time.

THEORY OF MIND-We might stop here, and call this point the important divide between the machines we have and the machines we will build in the future. However, it is better to be more specific to discuss the types of representations machines need to form, and what they need to be about.

SELF-AWARENESS-The final step of AI development is to build systems that can form representations about themselves. Ultimately, we AI researchers will have to not only understand consciousness, but build machines that have it.

What is An Altcoin

ALTCOINS (ALTERNATIVE-COINS) ARE
OTHER CRYPTOCURRENCIES LAUNCHED
AFTER THE SUCCESS OF BITCOIN.

THERE ARE THOUSANDS OF DIFFERENT
CRYPTOCURRENCIES. AT THE TIME THIS WAS
WRITTEN, ALTCOINS ACCOUNTED FOR 36% OF
THE TOTAL CRYPTOCURRENCY MARKET.

MANY ALTCOINS ARE TRYING TO TARGET THE
PERCEIVED LIMITATIONS OF BITCOIN. AN
ALTCOIN MUST HAVE COMPETITIVE
ADVANTAGE TO SUCCEED AGAINST BITCOIN.

MANY OF THE COINS ARE BASED
OFF OF BITCOIN’S FRAMEWORK.
THUS, MOST ALTCOINS ARE PEER-
TO-PEER. BUT THEY TRY TO OFFER
UNIQUE FEATURES THAT MAY BE
MORE COST EFFICIENT, HAVE
QUICKER TRANSACTION TIMES, OR
BETTER SCALING. EVEN WITH MANY
OVERLAPPING FEATURES, ALTCOINS
VARY WIDELY FROM EACH OTHER.

Many Types of Altcoins

•MINING-BASED CRYPTOCURRENCIES:
(BASED OFF OF BITCOIN’S NETWORK)
•STABLECOINS:
(ATTEMPTS TO OFFER PRICE STABILITY & ARE BACKED
BY A RESERVE ASSET)
SECURITY TOKENS:
(DIGITAL ASSET THAT DERIVE THEIR VALUE FROM AN
EXTERNAL ASSET THAT CAN BE TRADED)
•UTILITY TOKENS:
(SERVICES OR UNITS OF SERVICES THAT CAN
BE BOUGHT)

Possible reason for Hacking

Possible reasons for Hacking

1-Just for fun– Some people have interest in learning new things so some might also have interest to learn hacking skill just for fun.

2-Show-off- Some people who are deep living in attitude and ego learns something for showing off in front of their friends or others. and want to learn the skill to show-off.

3-Steal important info- Some like to do illegal activity so they learn the skills for stealing information from others which is illegal.

4-Damaging the system- Some wants to damage the system of their rivals so they use there skills to destroy the computer of other from virurses(hacking).

5-Hampering privacy- Some wants to pin on someones privacy which is also illegal and they learn the skills to do so.

6-Money Extortion- Some want to extort money from someone account so they use there hacking skills.

7-System testing- Some use this skills to test the system’s drawback that is easy to hack or not it is useful for big companies.

ETHEREUM

FOUNDERS OF ETHEREUM-

VITALIK BUTERIN & GAVIN WOOD are the CO-FOUNDERS of ETHEREUM.The cryptocurrency project was created in 2015.

WHAT IS ETHEREUM?

ETHEREUM is an open source platform thats uses blockchain technology to create and run Decentralized Digital Application (DAPPS).

DAPPS enable users to make agreements and conducts transactions directly with each other to buy, sell and trade good & without a middle man.These are referred to as smart contracts.

Smart contracts run exactly as programmed, greatly reducing the risk of froud, & are self-executing.

Once certain conditions, are proven to have met, such as the transfer of the payment, then the merchandise is conveyed or made accessible to the buyer.

FACT-1

Ethereum is the name of both the world’s second-largest cryptocurrency by market capitalization (after bitcoin) and the first platform to facilitate the creation of dapps.

FACT-2

ETHEREUM is not just a platform but also a programming language running on blockchain, helping developers to build and publish distributed apps.There are more then 200,000 active developers working on ETHEREUM.

FACT-3

RUNNING THE COMPUTERS TO EXECUTE CODE TO POWER DAPPS IS COSTLY & CONSUMES A LOT OF POWER, SO ETHEREUM CREATED ETHER – IT’S CRYPTOCURRENCY – IN ORDER TO INCENTIVIZE PROGRAMMERS TO RUN THE ETHEREUM PROTOCOL ON
THEIR COMPUTERS. ETHER IS THE 2ND LARGEST CRYPTOCURRENCY BY MARKET-CAP & IT IS BECAUSE IT HAS SO MANY DIFFERENT USE CASES.

FACT-4

$ETH hits a new all time high & is currently trading over $1,500. With how everything is going, I tend to believe we see $2,000 ETH in the near future.

POLKADOT

FOUNDERS Of POLKADOT-

Polkadot was founded by Gavin Wood (A CO-FOUNDERS of ETHEREUM) Alongside Peters Czaban & Robert Habermeier in 2016.

What Is POLKADOT?

POLKADOT is a software that seeks to incentivize a global network of computers to operate a blockchain on top of which users can launch & operate their own blockchain.

In this way, POLKADOT is one of a number competing blockchains aiming to grow an ecosystem of cryptocurrencies, other notable examples of which ETHEREUM (ETH), COSMOS (ATOM), EOSIO (EOS).

How does POLKADOT works?

The POLKADOT networks allows for the creation of three different blockchains.-

The Relay Chain– The main blockchain, This network is where transactions are finalized.
Parachains– Customs blockchains that uses the Relay Chain’s computing resources to confirm that transactions are accurate.
Bridges– Bridges allow the POLKADOT network to interact with other blockchains, This will eventually Bridge other blockchains like ETHEREUM, BITCOIN, & COSMOS and allow tokens to be swapped without a central exchange.

With this design, The POLKADOT teams contends transactions can be kept secure and Accurate using only the computing resources required to run the main chain.

Users, Though, Gain the added benefit of being able to customize many Parachains for many different uses.

POLKADOT’S, CRYPTOCURRENCIEY, DOT serves 3 Distinct purposes-

Governance over the Network
Operation
Bondings Parachains

DOT is currently ranked #6 in the market capitalization. With a Total of 18.5 Billion Dollars. The coin is valued at $20.45