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NATO chief urged Trump to see Ukraine aid as ‘a good deal’ for U.S.
Tue, 03 Dec 2024 20:48:01 +0000
NATO Secretary General Mark Rutte says he told Donald Trump that Russia, China, Iran and North Korea all also have a stake in the Ukraine war’s outcome.
Match ID: 0 Score: 65.00 source: www.washingtonpost.com age: 0 days
qualifiers: 25.00 trump, 20.00 russia, 20.00 korea
What’s at stake with a second Trump presidency – in charts and maps
Tue, 03 Dec 2024 12:00:51 GMT
Conflicts around the globe and domestic policies on immigration and vaccinations are likely to face upheaval
The second Donald Trump administration is expected to have a vast impact both domestically and around the world, potentially reshaping everything from the very private – such as abortion access in the US – right through to something as public as the health of the planet itself.
While Trump’s policies and their effects will take time to emerge, we can tell a lot about where things are heading by comparing the status quo to current data trends in six key areas, from migration and war through to climate and vaccine uptake.
Continue reading...The White House is trying to disburse last $7bn in aid approved by Congress before Trump begins second term
The Biden administration is rushing military equipment to Ukraine in a last-ditch effort to shore up the country’s defenses against the Russian invasion before Donald Trump assumes the US presidency in January.
The newly announced $725m in assistance will include Stinger anti-air missiles, anti-drone weapons, artillery shells and long-range Himars rocket munitions, and anti-armour missiles, as well as spare parts and other assistance to repair damaged equipment from US stocks, the state department said.
Continue reading...The tech billionaire is said to be considering giving $100m to Reform UK. That should jolt efforts to cap political donations
It is an inevitable consequence of the inequality inherent to the “special relationship” that, as soon as someone wins the election in the US, the British government has to swallow its objections to anything they do. Donald Trump may have been “a woman-hating, neo-Nazi-sympathising sociopath” six years ago, but it’s 2024 now and the once and future president has become “a very gracious host” with a soft spot for the royal family. Tech billionaire Elon Musk might compare Keir Starmer’s Britain to Stalin’s Russia but, as long as he’s Trump’s new best friend, “he’s far too important to ignore”.
This kind of toadying must be as embarrassing for the politicians doing it as it is for those of us watching it, but it is at least understandable. Being friends with the US is not just the foundation of our national security policy, it’s pretty much the whole thing.
Continue reading...Sheila Duncan says Labour has to address the problems facing Britain with passion if it wants public support. Plus letters from David Diprose and Maureen Tilford
John Harris raises some important issues in his article (Labour’s big relaunch won’t solve its biggest problem: this government doesn’t speak human, 1 December), but it’s crucial to dig deeper into the relationship between politics and emotion. Politicians like Donald Trump and Nigel Farage are not more “human” than those in the centre or on the left. They just know how to manipulate dark human emotions – fear, anger and resentment – in societies where there is profound inequality, very little taxation of the rich and barely regulated privatisation of all that makes civilised life possible – health services, education, water, energy and transport.
They particularly know how to manipulate resentment – the emotion that underlies fascism – when so many people struggle for survival as they watch the smug satisfaction of those who don’t.
Continue reading...In 2025, AI is poised to change every aspect of democratic politics—but it won’t necessarily be for the worse.
India’s prime minister, Narendra Modi, has used AI to translate his speeches for his multilingual electorate in real time, demonstrating how AI can help diverse democracies to be more inclusive. AI avatars were used by presidential candidates in South Korea in electioneering, enabling them to provide answers to thousands of voters’ questions simultaneously. We are also starting to see AI tools aid fundraising and get-out-the-vote efforts. AI techniques are starting to augment more traditional polling methods, helping campaigns get cheaper and faster data. And congressional candidates have started using AI robocallers to engage voters on issues. In 2025, these trends will continue. AI doesn’t need to be superior to human experts to augment the labor of an overworked canvasser, or to write ad copy similar to that of a junior campaign staffer or volunteer. Politics is competitive, and any technology that can bestow an advantage, or even just garner attention, will be used...
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The White House has said it is “closely” monitoring the situation in South Korea.
“The administration is in contact with the ROK government and is monitoring the situation closely,” a spokesperson for the national security council said, using the official acronym for the Republic of Korea, where thousands of US troops are based as parts of efforts to deter nuclear-armed North Korea.
All political activities are banned in South Korea following the imposition of martial law on Tuesday and all media will be subject to government monitoring.
All political activities, including those of the national assembly, local councils, political parties, and political associations, as well as assemblies and demonstrations, are strictly prohibited.
Continue reading...Climate Justice Alliance was the only program grantee to speak out on Palestine — and the only one whose funding is delayed.
The post Biden Makes His Own Attack on Nonprofit Over Palestine appeared first on The Intercept.
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This blog has now closed. You can read our Trump hush-money story here
Notre Dame Cathedral will reopen in Paris on Saturday with incoming US president Donald Trump set to attend the ceremony marking the resurrection of the Gothic masterpiece five years after a devastating fire.
The Republican confirmed Monday he had accepted an invitation from French president Emmanuel Macron to attend the grand re-opening of the 850-year-old edifice which was nearly lost to flames in April 2019.
Continue reading...Florida sheriff cites ‘gravity’ of responsibility days after Trump taps him to lead Drug Enforcement Administration
Donald Trump’s pick to lead the Drug Enforcement Administration (DEA), Chad Chronister, said on Tuesday that he was withdrawing from consideration.
“Over the past several days, as the gravity of this very important responsibility set in, I’ve concluded that I must respectfully withdraw from consideration,” Chronister, a Florida sheriff, said in a social media post.
Continue reading...EDF extends life of reactors to ‘boost energy security’ and bridge gap before new Somerset project starts up
Four of Britain’s oldest nuclear power plants will continue running for more than a decade longer than initially planned to help bridge a gap before the delayed Hinkley Point nuclear station starts up.
The owner of Britain’s nuclear plants, the French energy company EDF, said it had agreed to extend the lifetime of its reactors yet again to “boost energy security and reduce dependence on imported gas”.
Continue reading...Administration of Michel Barnier likely to fall after far-left and far-right opponents table motions
France is staring into the unknown as the minority government of the prime minister, Michel Barnier, faces near-certain defeat in a no-confidence vote that could dramatically intensify the political crisis in one of the EU’s key member states.
If the vote on Wednesday is carried, Barnier’s administration, which took office only in September, would be the first in France to be ousted with a motion of no confidence since 1962. Its fall, at the hands of the far-right and leftwing parties, would be a significant blow to Europe weeks before Donald Trump returns to the White House.
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It seems Michel Barnier’s experience of negotiating Brexit with the British was no match for the bitter rivalry of French politics
When Emmanuel Macron welcomes world leaders to the reopening of Paris’s Notre Dame Cathedral this weekend, after fire damaged it five years ago, he might have hoped it would serve as a metaphor for people from all backgrounds coming together to prevent a hallowed edifice collapsing.
Instead, it is likely the French government itself will have fallen by Wednesday evening, with voters’ trust of politicians and the political process in charred ruins.
Continue reading...Canadian government scrambles to ward off tariffs as prime minister briefs politicians on meeting with Trump
Canada’s federal government has redoubled its efforts to ward off potentially disastrous tariffs from its closest ally, but provincial leaders have hinted at divergent strategies in response to the protectionist threat from president-elect Donald Trump.
Canada’s prime minister, Justin Trudeau, convened a rare, in-person meeting with his political rivals on Tuesday to brief them on a surprise meeting with Trump at his Florida resort over the weekend.
Continue reading...The prime minister won’t learn charisma, but he has a record of going places by doggedly clearing the obstacles in his way
If Rishi Sunak had clung to power until the very end of the five-year term that Boris Johnson won in 2019, he would still be prime minister today. He had until 28 January next year to hold the election. The equivalent deadline for Keir Starmer is 21 August 2029. That is a horizon beyond the reach of reliable political forecasting, even if the second half of this decade turns out less volatile than the first. More turbulence seems likelier.
But Labour’s majority is much bigger than the one Sunak lost and Starmer’s character contains none of the traits that made Johnson such a wellspring of chaos. With just 121 Tory MPs, Kemi Badenoch will struggle to have much impact in parliament. She must also compete for relevance and attention with Nigel Farage, puffed up on proximity to Donald Trump.
Rafael Behr is a Guardian columnist
Continue reading...Questions have also been raised over reports the embattled former Fox News host mismanaged two veterans groups
Questions continued to dog Donald Trump’s pick to lead the Pentagon, Pete Hegseth, on Monday following reports he was twice ousted from previous organisations he led over financial mismanagement and improper behavior, with reporters asking him directly if he had an alcohol problem.
Hegseth, 44, who was visiting Capitol Hill to drum up support for his troubled nomination, did not respond when a journalist asked: “Do you have an alcohol problem?” as he arrived for a meeting with Republican senators.
Continue reading...People waiting in Tapachula by Guatemala border fear Trump’s election could worsen crisis and spur northward flight
Outside the migration office, Tito subtly pointed out the watchful human smugglers leaning against a wall.
They had already tried to sell their services to Tito, who was on his way to the US but, like everyone else there, found himself stuck in Tapachula, a town in southern Mexico that has become a global way station.
Continue reading...The musician is back with a live album and as passionate as ever. She discusses fans, failure, muses, misogyny – and why she won’t tolerate bad behaviour
By the third UK lockdown, Tori Amos was wondering if she would ever play live again. At her remote house in Cornwall, where we meet, she began mourning the loss of connection with her audience. When the US singer and songwriter is on tour, giving her famously passionate performances, hundreds of letters pour in every day, requesting songs. “I try to read as many as I can, and we change the show every night, except the bookends. Anything else is up for grabs.”
Her relationship with her fans has always been collaborative. They tell her things. They trust her. In person, she has an open-book quality that immediately draws you in. When I arrive at her place – a detached but unassuming house upfront, and a warren of more recently built workshops at the back, filled with beautiful pianos, a massive mixing desk and the harpsichord she played on her album Boys for Pele – we have lunch with her husband and sound engineer, Mark Hawley. The conversation roams through football, raving, legal training (their 24-year-old daughter Tash is studying law in Washington DC) and how good the pumpkin soup is.
Continue reading...The Intercept asked companies that store personal data if they will help Trump conduct mass deportations. Few had anything to say.
The post These Tech Firms Won’t Tell Us If They Will Help Trump Deport Immigrants appeared first on The Intercept.
Opposition Democratic party lawmakers have called on Yoon Suk Yeol to resign immediately or they would seek his impeachment
South Korea’s finance ministry has said it stood ready to deploy “unlimited” liquidity into financial markets after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows, Reuters reports.
The announcement came after finance minister Choi Sang-mok and Bank of Korea governor Rhee Chang-yong held emergency talks overnight, and as the central bank board abruptly met to approve rescue measures for the local credit market.
Continue reading...Perry Kouroumblis was extradited from Italy and charged over the 1977 deaths of Suzanne Armstrong and Susan Bartlett
An accused double murderer has faced a Melbourne court close to five decades after police allege he stabbed two women to death in a frenzied attack.
Perry Kouroumblis, 65, appeared bleary-eyed as he sat in the dock of the Melbourne magistrates court on Wednesday after arriving on Australian soil on Tuesday night.
Continue reading...November was Ukraine’s worst month since September 2022 for territory lost to Russian forces. These charts and maps show the latest developments in the war
Ukraine lost an area equivalent to the size of New York City to Russian forces in November – the worst monthly figure for Ukrainian defenders since September 2022.
After the full-scale invasion in February 2022, Russia gained ground quickly before being pushed back in a Ukrainian counteroffensive. Last year, with the conflict mostly at a stalemate, Institute for the Study of War (ISW) data shows that Russian forces took 2,233 sq km (862 sq miles) of territory. Already in 2024 they have taken about 2,656 sq km.
Continue reading...Opposition parties submit motion to impeach Yoon after his shock bid to put South Korea under martial law for first time in over four decades
South Korean opposition parties said they had submitted a motion to impeach the president, Yoon Suk Yeol, over his short-lived declaration of martial law.
“We’ve submitted an impeachment motion prepared urgently,” representatives for six opposition parties including the main Democratic party said on Wednesday, adding they would discuss when to put it to a vote, but it could come as soon as Friday.
Continue reading...South Korea’s president Yoon Suk Yeol sparked major protests by announcing martial law. He reversed his decision in the face of massive opposition
Continue reading...Six hours after stunning the country by declaring martial law, Yoon reversed his decision and faced calls to step down
South Korea’s president, Yoon Suk Yeol, on Tuesday declared martial law, blasting the opposition as “anti-state forces” threatening the country’s democracy.
The unexpected move from Yoon, marking the first time martial law has been declared in South Korea in more than four decades, alarmed the US and other allies.
Continue reading...Rightwing president backs down after most serious challenge to country’s democracy since 1980s
South Korea’s rightwing president has been forced to back down after he unexpectedly declared martial law only to face unanimous opposition from the national assembly, in the most serious challenge to the country’s democracy since the 1980s.
President Yoon Suk Yeol declared martial law late on Tuesday amid a dispute with opposition parties he accused of pro-North Korean sympathies and anti-state activities.
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Group made plans in late 2022 to obtain information and pass on anything that could benefit Russia in its invasion of Ukraine
Members of a spy ring plotted in autumn of 2022 to capture identifying details from mobile phones at a US airbase in Stuttgart in the belief that Ukrainian soldiers were training there on how to use Patriot air defence systems, the Old Bailey heard.
They planned to use a sophisticated device known as an Imsi catcher to obtain the unique number of each phone and its sim card and pass on information that could be of benefit to Russia in its invasion of Ukraine, prosecutors said.
Continue reading...The Georgian Dream government’s suspension of EU talks has sparked an existential struggle for democracy
In recent years, Georgia’s ruling Georgian Dream (GD) party has brazenly pursued a policy of gaslighting an overwhelmingly pro-European population. Rhetorically, it has paid enthusiastic lip service to the national goal of eventual accession to the European Union, an aim that is enshrined in the constitution. In practice, a party founded by the billionaire oligarch Bidzina Ivanishvili – whose wealth was accumulated in Russia – has been pulling Georgia ever further into the authoritarian orbit of Vladimir Putin.
“Foreign agent” legislation passed earlier this year – provoking large protests in Tbilisi – copied and pasted Russian laws designed to curtail the influence of independent civil society organisations. Subsequent restrictions placed on LGBTQ+ rights came from the same playbook. Having awarded EU candidate status to Georgia in 2023, these illiberal moves led Brussels to belatedly conclude that it was being taken for a ride by Mr Ivanishvili’s political placemen. Membership talks were accordingly paused in June. Nevertheless, in the lead-up to an election this October, GD politicians were still pledging their commitment to EU membership.
Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.
Continue reading...Brutal killing of Giulia Cecchettin, 22, triggered protests across country and cast grim spotlight on femicide in Italy
Filippo Turetta has been sentenced to life in jail for the murder of Giulia Cecchettin, a university student whose brutal killing cast a grim spotlight on femicide in Italy.
Cecchettin, 22, was stabbed more than 70 times before her body was wrapped in black plastic bags and dumped in a ditch close to a lake north of Venice in November last year. Her murder triggered protests across the country.
Continue reading...The Philadelphia school ordered teachers to “stay neutral” on Israel’s war on Gaza, but they helped students make pro-Palestine posters.
The post Three Teachers Tried to Give Palestinian Students a Safe Haven — and It Cost Them Their Jobs appeared first on The Intercept.
Assault on Syria’s second-largest city by Islamist militants may tarnish Russia’s reputation as a global player
The walls of the military office in Aleppo were adorned with pictures of the Kremlin, flanked by Russian and Syrian flags hanging side by side. On the desks, documents detailing the cooperation between the two nations lay abandoned – telltale signs of Bashar al-Assad’s forces’ hasty retreat as rebels closed in on Syria’s second-biggest city over the weekend.
The short clip circulating online was recorded in the office of Russian advisers at Aleppo’s military academy after it was taken by rebels in a surprise offensive. It highlights the escalating threat to the Assad regime and, by extension, to Moscow’s strategic foothold in Syria and the broader region.
Continue reading...Canonisation has long been a way for the Catholic church to shape its image. The Vatican is preparing to anoint its first millennial saint, but how does it decide who is worthy?
As a child growing up in Milan, Carlo Acutis collected stories of miracles. He wrote about the time when, in 1411, wine turned to blood in a castle chapel in Ludbreg, Croatia; of how, in 1630, a pastor in Canosio, Italy, saved his town from a flood by blessing the raging waters; of how, in 1906, a priest on the island of Tumaco, Colombia, held up a reliquary on the beach to stop an approaching tsunami. Acutis, 11 years old and a devout Catholic, began typing up these stories and posting them on his website, which he styled as a “virtual museum” of miraculous events. A section on the site invited visitors to “discover how many friends you have in heaven”, and to read stories of young saints.
Acutis hoped to one day join their ranks. He was convinced that he would die before he reached adulthood and told his mother, Antonia, that he would perish of “a broken vein in his brain”. He wanted to be buried in the town of Assisi, where his family had a summer home. In the meantime, he devoted his life to the church, which was a surprise to his largely secular parents. As a teenager, he taught catechism classes to young children, and offered them a step-by-step guide to becoming a saint. ““Always remember that you, too, can become a saint!” he would say. Every day, they were to go to mass, recite the Holy Rosary, read the scripture and confess their sins.
Continue reading...Stephen Smith says people won’t buy EVs until they can easily access the energy needed to drive them. Raj Parkash thinks every car should be charged using the same mechanism
Gaby Hinsliff’s article (Starmer has discovered a tricky truth about the electric vehicles transition: there’s no gain without pain, 29 November) doesn’t address the key point in the analysis of car companies’ difficulties in selling enough electric vehicles (EVs). There is a lack of demand that is only partly due to the higher prices. More importantly, it is due to a failure to install the necessary infrastructure to enable mass charging.
A minority of car owners live in houses where home charging is possible. For the rest, to make EVs a possibility, never mind attractive, there need to be a huge number of charging points to accommodate millions of people. I live in a city with a very high density of tenement and other flats; at the moment there are virtually no charging points easily accessible for flat owners. In such areas, where it is not possible to install a charger in your home, it is simply not possible to run an EV.
Continue reading...The Baku Cop29 talks were marked by division and self-interest, with rancorous meddling right until the end
When I first visited Azerbaijan this spring, one fixture of the Baku skyline was unmissable. The bright orange of flaring – the product of the oil and gas extraction that makes up 90% of Azerbaijan’s export revenues – lit up the night sky, not far from the Olympic stadium, where nearly 200 nations would gather in November for the Cop29 climate summit.
Flaring burns methane, a powerful greenhouse gas, and is a major source of carbon emissions. If all the world’s flared gas were captured instead, it could power sub-Saharan Africa. But that entails installing new equipment, so producers don’t bother.
Fiona Harvey is an environment editor at the Guardian
Continue reading...Hi r/technology! I’m Gene Berdichevsky, Co-Founder and CEO of Sila, a next-gen battery materials company. My journey in battery innovation began as the 7th employee at Tesla, helping lead the development of the Roadster battery, the world’s first safe, mass-produced lithium-ion battery system for EVs.
At Tesla, I realized that conventional lithium-ion batteries had reached their energy limits, due to the use of graphite anodes. The lack of progress in lithium-ion battery performance is a major barrier to improvements in EV range, charge time, and cost—critical factors for mass adoption. I knew there had to be a better solution, and at Sila we engineered one. Using silicon as an anode material has been the holy grail within battery innovation circles because of its ability to store 10x more charge than graphite. However, the powerful properties of silicon were hard to tame for safe, commercial use in batteries. After more than a decade of research, we cracked the code.
We introduced the first next-gen battery material to the market. Our anode, Titan Silicon, boosts energy density by 20-40% to enable smaller, more powerful batteries. Our tech debuted in the Whoop 4.0 fitness tracker and is now powering multiple devices. We recently launched a Battery Engineering Service to help device manufacturers bring ambitious product innovations to the market, powered by next-gen battery performance.
Designing batteries for cars—a “computer on four wheels”—taught me how to create batteries that can power major platform shifts. Now, I’m applying these principles at Sila to address the growing demands of consumer electronics, a fast-evolving market driven by AI and AR. As brands race to market, battery design has become a critical focus in product development. If battery life falls short, consumers will switch brands, making battery performance a top priority.
Ask me anything about silicon anode technology, designing batteries for new products, or how we’re working to ensure that battery life is not left behind in the wave of power-hungry devices embedded with AI and AR. I’ll be here until 10am PT to answer your questions!
My proof: https://imgur.com/a/LXeppqw
*edit 10:30am -- hopping off now and will check back in later to tackle a few more questions! so if anythings pressing, feel free to drop your question below. thanks everyone for the great questions and conversation!!
The U.S. has a long tradition of shielding Israel (and itself) from war crime allegations — and threatening The Hague.
The post War Crimes Have Never Stopped the U.S. Before appeared first on The Intercept.
On The Intercept Briefing, we discuss college crackdowns on Palestine solidarity protests and the chilling effect on free speech.
The post The “Palestine Exception” appeared first on The Intercept.
With Trump returning to the White House, only mass commutations will stop another federal execution spree.
The post Biden Has “Pardoned” Eight Turkeys. Will He Spare the Lives of 40 Human Beings? appeared first on The Intercept.
Palestinians from Gaza feel relief for the people of Lebanon. We are also heartbroken that we are still being slaughtered.
The post There’s a Ceasefire in Lebanon, but Israel Keeps Gaslighting Palestinians About Ending the Assault on Gaza appeared first on The Intercept.
Local police across New York state regularly work with ICE. Before Trump can start rounding up immigrants, advocates are pushing for change.
The post The Fight to Stop New York Cops From Conspiring With ICE appeared first on The Intercept.
Pam Bondi has replaced Matt Gaetz in Trump’s attorney general slot. Her lobbying clients include the GEO Group, among many others.
The post Pam Bondi, Trump’s New AG Pick, Lobbied for Private Prisons and Amazon appeared first on The Intercept.
Interesting analysis:
We introduce and explore a little-known threat to digital equality and freedomwebsites geoblocking users in response to political risks from sanctions. U.S. policy prioritizes internet freedom and access to information in repressive regimes. Clarifying distinctions between free and paid websites, allowing trunk cables to repressive states, enforcing transparency in geoblocking, and removing ambiguity about sanctions compliance are concrete steps the U.S. can take to ensure it does not undermine its own aims.
The paper: “...
The OSHA heat regulation was one of the few to have broad public support, but Democrats can’t ever seem to get their act together.
The post Biden Made “Record Time” on Worker Protections for Heat. Trump Could Quickly Stamp Them Out. appeared first on The Intercept.
Rep. Summer Lee, D-Pa., discusses Biden’s lame-duck session and erecting barriers to Trump’s agenda on The Intercept Briefing podcast.
The post Rep. Summer Lee on the Fight of Our Lives appeared first on The Intercept.
Walmatjarri elder and blues musician wins $50,000 prize for Wirlmarni, saying she hopes it will bring pride to her community in Wangkatjungka
The Walmatjarri elder and blues musician Kankawa Nagarra has won the $50,000 Australian Music prize (AMP) for her debut album Wirlmarni, seeing off competition from Nick Cave, the Dirty Three and Amyl and the Sniffers.
Inspired by the UK’s Mercury prize, the AMP focuses “entirely on artistic merit” and aims to “financially reward and increase exposure” for Australian musicians who release the best album in a calendar year.
Continue reading...Mashinsky, 59, who led Celsius and was charged last year on seven criminal counts, agrees to plead guilty to two
Alex Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Network, said on Tuesday he intends to plead guilty to two counts of fraud.
The former CEO, 59, was indicted in July last year on seven counts of fraud, conspiracy and market manipulation charges. Federal prosecutors in Manhattan said he misled customers of Celsius to persuade them to invest, and artificially inflated the value of his company’s proprietary crypto token. He pleaded not guilty later that day.
Continue reading...James Howells seeking go-ahead to search for hard drive that was accidentally thrown into landfill in 2013
For more than a decade, a computer expert from Newport in south Wales has doggedly fought to recover £500m of bitcoin he says was accidentally thrown into a council tip.
James Howells’ bid to become extremely rich reached a judge on Tuesday with a team of lawyers arguing that it was still possible to launch a hunt for his missing hard drive containing the bitcoin.
Continue reading...Imagine a world in which you can do transactions and many other things without having to give your personal information. A world in which you don’t need to rely on banks or governments anymore. Sounds amazing, right? That’s exactly what blockchain technology allows us to do.
It’s like your computer’s hard drive. blockchain is a technology that lets you store data in digital blocks, which are connected together like links in a chain.
Blockchain technology was originally invented in 1991 by two mathematicians, Stuart Haber and W. Scot Stornetta. They first proposed the system to ensure that timestamps could not be tampered with.
A few years later, in 1998, software developer Nick Szabo proposed using a similar kind of technology to secure a digital payments system he called “Bit Gold.” However, this innovation was not adopted until Satoshi Nakamoto claimed to have invented the first Blockchain and Bitcoin.
A blockchain is a distributed database shared between the nodes of a computer network. It saves information in digital format. Many people first heard of blockchain technology when they started to look up information about bitcoin.
Blockchain is used in cryptocurrency systems to ensure secure, decentralized records of transactions.
Blockchain allowed people to guarantee the fidelity and security of a record of data without the need for a third party to ensure accuracy.
To understand how a blockchain works, Consider these basic steps:
Let’s get to know more about the blockchain.
Blockchain records digital information and distributes it across the network without changing it. The information is distributed among many users and stored in an immutable, permanent ledger that can't be changed or destroyed. That's why blockchain is also called "Distributed Ledger Technology" or DLT.
Here’s how it works:
And that’s the beauty of it! The process may seem complicated, but it’s done in minutes with modern technology. And because technology is advancing rapidly, I expect things to move even more quickly than ever.
Even though blockchain is integral to cryptocurrency, it has other applications. For example, blockchain can be used for storing reliable data about transactions. Many people confuse blockchain with cryptocurrencies like bitcoin and ethereum.
Blockchain already being adopted by some big-name companies, such as Walmart, AIG, Siemens, Pfizer, and Unilever. For example, IBM's Food Trust uses blockchain to track food's journey before reaching its final destination.
Although some of you may consider this practice excessive, food suppliers and manufacturers adhere to the policy of tracing their products because bacteria such as E. coli and Salmonella have been found in packaged foods. In addition, there have been isolated cases where dangerous allergens such as peanuts have accidentally been introduced into certain products.
Tracing and identifying the sources of an outbreak is a challenging task that can take months or years. Thanks to the Blockchain, however, companies now know exactly where their food has been—so they can trace its location and prevent future outbreaks.
Blockchain technology allows systems to react much faster in the event of a hazard. It also has many other uses in the modern world.
Blockchain technology is safe, even if it’s public. People can access the technology using an internet connection.
Have you ever been in a situation where you had all your data stored at one place and that one secure place got compromised? Wouldn't it be great if there was a way to prevent your data from leaking out even when the security of your storage systems is compromised?
Blockchain technology provides a way of avoiding this situation by using multiple computers at different locations to store information about transactions. If one computer experiences problems with a transaction, it will not affect the other nodes.
Instead, other nodes will use the correct information to cross-reference your incorrect node. This is called “Decentralization,” meaning all the information is stored in multiple places.
Blockchain guarantees your data's authenticity—not just its accuracy, but also its irreversibility. It can also be used to store data that are difficult to register, like legal contracts, state identifications, or a company's product inventory.
Blockchain has many advantages and disadvantages.
I’ll answer the most frequently asked questions about blockchain in this section.
Blockchain is not a cryptocurrency but a technology that makes cryptocurrencies possible. It's a digital ledger that records every transaction seamlessly.
Yes, blockchain can be theoretically hacked, but it is a complicated task to be achieved. A network of users constantly reviews it, which makes hacking the blockchain difficult.
Coinbase Global is currently the biggest blockchain company in the world. The company runs a commendable infrastructure, services, and technology for the digital currency economy.
Blockchain is a decentralized technology. It’s a chain of distributed ledgers connected with nodes. Each node can be any electronic device. Thus, one owns blockhain.
Bitcoin is a cryptocurrency, which is powered by Blockchain technology while Blockchain is a distributed ledger of cryptocurrency
Generally a database is a collection of data which can be stored and organized using a database management system. The people who have access to the database can view or edit the information stored there. The client-server network architecture is used to implement databases. whereas a blockchain is a growing list of records, called blocks, stored in a distributed system. Each block contains a cryptographic hash of the previous block, timestamp and transaction information. Modification of data is not allowed due to the design of the blockchain. The technology allows decentralized control and eliminates risks of data modification by other parties.
Blockchain has a wide spectrum of applications and, over the next 5-10 years, we will likely see it being integrated into all sorts of industries. From finance to healthcare, blockchain could revolutionize the way we store and share data. Although there is some hesitation to adopt blockchain systems right now, that won't be the case in 2022-2023 (and even less so in 2026). Once people become more comfortable with the technology and understand how it can work for them, owners, CEOs and entrepreneurs alike will be quick to leverage blockchain technology for their own gain. Hope you like this article if you have any question let me know in the comments section
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Non-fungible tokens (NFTs) are the most popular digital assets today, capturing the attention of cryptocurrency investors, whales and people from around the world. People find it amazing that some users spend thousands or millions of dollars on a single NFT-based image of a monkey or other token, but you can simply take a screenshot for free. So here we share some freuently asked question about NFTs.
NFT stands for non-fungible token, which is a cryptographic token on a blockchain with unique identification codes that distinguish it from other tokens. NFTs are unique and not interchangeable, which means no two NFTs are the same. NFTs can be a unique artwork, GIF, Images, videos, Audio album. in-game items, collectibles etc.
A blockchain is a distributed digital ledger that allows for the secure storage of data. By recording any kind of information—such as bank account transactions, the ownership of Non-Fungible Tokens (NFTs), or Decentralized Finance (DeFi) smart contracts—in one place, and distributing it to many different computers, blockchains ensure that data can’t be manipulated without everyone in the system being aware.
The value of an NFT comes from its ability to be traded freely and securely on the blockchain, which is not possible with other current digital ownership solutionsThe NFT points to its location on the blockchain, but doesn’t necessarily contain the digital property. For example, if you replace one bitcoin with another, you will still have the same thing. If you buy a non-fungible item, such as a movie ticket, it is impossible to replace it with any other movie ticket because each ticket is unique to a specific time and place.
One of the unique characteristics of non-fungible tokens (NFTs) is that they can be tokenised to create a digital certificate of ownership that can be bought, sold and traded on the blockchain.
As with crypto-currency, records of who owns what are stored on a ledger that is maintained by thousands of computers around the world. These records can’t be forged because the whole system operates on an open-source network.
NFTs also contain smart contracts—small computer programs that run on the blockchain—that give the artist, for example, a cut of any future sale of the token.
Non-fungible tokens (NFTs) aren't cryptocurrencies, but they do use blockchain technology. Many NFTs are based on Ethereum, where the blockchain serves as a ledger for all the transactions related to said NFT and the properties it represents.5) How to make an NFT?
Anyone can create an NFT. All you need is a digital wallet, some ethereum tokens and a connection to an NFT marketplace where you’ll be able to upload and sell your creations
When you purchase a stock in NFT, that purchase is recorded on the blockchain—the bitcoin ledger of transactions—and that entry acts as your proof of ownership.
The value of an NFT varies a lot based on the digital asset up for grabs. People use NFTs to trade and sell digital art, so when creating an NFT, you should consider the popularity of your digital artwork along with historical statistics.
In the year 2021, a digital artist called Pak created an artwork called The Merge. It was sold on the Nifty Gateway NFT market for $91.8 million.
Non-fungible tokens can be used in investment opportunities. One can purchase an NFT and resell it at a profit. Certain NFT marketplaces let sellers of NFTs keep a percentage of the profits from sales of the assets they create.
Many people want to buy NFTs because it lets them support the arts and own something cool from their favorite musicians, brands, and celebrities. NFTs also give artists an opportunity to program in continual royalties if someone buys their work. Galleries see this as a way to reach new buyers interested in art.
There are many places to buy digital assets, like opensea and their policies vary. On top shot, for instance, you sign up for a waitlist that can be thousands of people long. When a digital asset goes on sale, you are occasionally chosen to purchase it.
To mint an NFT token, you must pay some amount of gas fee to process the transaction on the Etherum blockchain, but you can mint your NFT on a different blockchain called Polygon to avoid paying gas fees. This option is available on OpenSea and this simply denotes that your NFT will only be able to trade using Polygon's blockchain and not Etherum's blockchain. Mintable allows you to mint NFTs for free without paying any gas fees.
The answer is no. Non-Fungible Tokens are minted on the blockchain using cryptocurrencies such as Etherum, Solana, Polygon, and so on. Once a Non-Fungible Token is minted, the transaction is recorded on the blockchain and the contract or license is awarded to whoever has that Non-Fungible Token in their wallet.
You can sell your work and creations by attaching a license to it on the blockchain, where its ownership can be transferred. This lets you get exposure without losing full ownership of your work. Some of the most successful projects include Cryptopunks, Bored Ape Yatch Club NFTs, SandBox, World of Women and so on. These NFT projects have gained popularity globally and are owned by celebrities and other successful entrepreneurs. Owning one of these NFTs gives you an automatic ticket to exclusive business meetings and life-changing connections.
That’s a wrap. Hope you guys found this article enlightening. I just answer some question with my limited knowledge about NFTs. If you have any questions or suggestions, feel free to drop them in the comment section below. Also I have a question for you, Is bitcoin an NFTs? let me know in The comment section below
In the rapidly advancing landscape of AI technology and innovation, LimeWire emerges as a unique platform in the realm of generative AI tools. This platform not only stands out from the multitude of existing AI tools but also brings a fresh approach to content generation. LimeWire not only empowers users to create AI content but also provides creators with creative ways to share and monetize their creations.
As we explore LimeWire, our aim is to uncover its features, benefits for creators, and the exciting possibilities it offers for AI content generation. This platform presents an opportunity for users to harness the power of AI in image creation, all while enjoying the advantages of a free and accessible service.
Let's unravel the distinctive features that set LimeWire apart in the dynamic landscape of AI-powered tools, understanding how creators can leverage its capabilities to craft unique and engaging AI-generated images.
This revamped LimeWire invites users to register and unleash their creativity by crafting original AI content, which can then be shared and showcased on the LimeWire Studio. Notably, even acclaimed artists and musicians, such as Deadmau5, Soulja Boy, and Sean Kingston, have embraced this platform to publish their content in the form of NFT music, videos, and images.
Beyond providing a space for content creation and sharing, LimeWire introduces monetization models to empower users to earn revenue from their creations. This includes avenues such as earning ad revenue and participating in the burgeoning market of Non-Fungible Tokens (NFTs). As we delve further, we'll explore these monetization strategies in more detail to provide a comprehensive understanding of LimeWire's innovative approach to content creation and distribution.
LimeWire Studio welcomes content creators into its fold, providing a space to craft personalized AI-focused content for sharing with fans and followers. Within this creative hub, every piece of content generated becomes not just a creation but a unique asset—ownable and tradable. Fans have the opportunity to subscribe to creators' pages, immersing themselves in the creative journey and gaining ownership of digital collectibles that hold tradeable value within the LimeWire community. Notably, creators earn a 2.5% royalty each time their content is traded, adding a rewarding element to the creative process.
The platform's flexibility is evident in its content publication options. Creators can choose to share their work freely with the public or opt for a premium subscription model, granting exclusive access to specialized content for subscribers.
As of the present moment, LimeWire focuses on AI Image Generation, offering a spectrum of creative possibilities to its user base. The platform, however, has ambitious plans on the horizon, aiming to broaden its offerings by introducing AI music and video generation tools in the near future. This strategic expansion promises creators even more avenues for expression and engagement with their audience, positioning LimeWire Studio as a dynamic and evolving platform within the realm of AI-powered content creation.
The LimeWire AI image generation tool presents a versatile platform for both the creation and editing of images. Supporting advanced models such as Stable Diffusion 2.1, Stable Diffusion XL, and DALL-E 2, LimeWire offers a sophisticated toolkit for users to delve into the realm of generative AI art.
Much like other tools in the generative AI landscape, LimeWire provides a range of options catering to various levels of complexity in image creation. Users can initiate the creative process with prompts as simple as a few words or opt for more intricate instructions, tailoring the output to their artistic vision.
What sets LimeWire apart is its seamless integration of different AI models and design styles. Users have the flexibility to effortlessly switch between various AI models, exploring diverse design styles such as cinematic, digital art, pixel art, anime, analog film, and more. Each style imparts a distinctive visual identity to the generated AI art, enabling users to explore a broad spectrum of creative possibilities.
The platform also offers additional features, including samplers, allowing users to fine-tune the quality and detail levels of their creations. Customization options and prompt guidance further enhance the user experience, providing a user-friendly interface for both novice and experienced creators.
Excitingly, LimeWire is actively developing its proprietary AI model, signaling ongoing innovation and enhancements to its image generation capabilities. This upcoming addition holds the promise of further expanding the creative horizons for LimeWire users, making it an evolving and dynamic platform within the landscape of AI-driven art and image creation.
Sign Up Now To Get Free Credits
Upon completing your creative endeavor on LimeWire, the platform allows you the option to publish your content. An intriguing feature follows this step: LimeWire automates the process of minting your creation as a Non-Fungible Token (NFT), utilizing either the Polygon or Algorand blockchain. This transformative step imbues your artwork with a unique digital signature, securing its authenticity and ownership in the decentralized realm.
Creators on LimeWire hold the power to decide the accessibility of their NFT creations. By opting for a public release, the content becomes discoverable by anyone, fostering a space for engagement and interaction. Furthermore, this choice opens the avenue for enthusiasts to trade the NFTs, adding a layer of community involvement to the artistic journey.
Alternatively, LimeWire acknowledges the importance of exclusivity. Creators can choose to share their posts exclusively with their premium subscribers. In doing so, the content remains a special offering solely for dedicated fans, creating an intimate and personalized experience within the LimeWire community. This flexibility in sharing options emphasizes LimeWire's commitment to empowering creators with choices in how they connect with their audience and distribute their digital creations.
After creating your content, you can choose to publish the content. It will automatically mint your creation as an NFT on the Polygon or Algorand blockchain. You can also choose whether to make it public or subscriber-only.
If you make it public, anyone can discover your content and even trade the NFTs. If you choose to share the post only with your premium subscribers, it will be exclusive only to your fans.
Additionally, you can earn ad revenue from your content creations as well.
When you publish content on LimeWire, you will receive 70% of all ad revenue from other users who view your images, music, and videos on the platform.
This revenue model will be much more beneficial to designers. You can experiment with the AI image and content generation tools and share your creations while earning a small income on the side.
The revenue you earn from your creations will come in the form of LMWR tokens, LimeWire’s own cryptocurrency.
Your earnings will be paid every month in LMWR, which you can then trade on many popular crypto exchange platforms like Kraken, ByBit, and UniSwap.
You can also use your LMWR tokens to pay for prompts when using LimeWire generative AI tools.
You can sign up to LimeWire to use its AI tools for free. You will receive 10 credits to use and generate up to 20 AI images per day. You will also receive 50% of the ad revenue share. However, you will get more benefits with premium plans.
For $9.99 per month, you will get 1,000 credits per month, up to 2 ,000 image generations, early access to new AI models, and 50% ad revenue share
For $29 per month, you will get 3750 credits per month, up to 7500 image generations, early access to new AI models, and 60% ad revenue share
For $49 per month, you will get 5,000 credits per month, up to 10,000 image generations, early access to new AI models, and 70% ad revenue share
For $99 per month, you will get 11,250 credits per month, up to 2 2,500 image generations, early access to new AI models, and 70% ad revenue share
With all premium plans, you will receive a Pro profile badge, full creation history, faster image generation, and no ads.
Sign Up Now To Get Free Credits
In conclusion, LimeWire emerges as a democratizing force in the creative landscape, providing an inclusive platform where anyone can unleash their artistic potential and effortlessly share their work. With the integration of AI, LimeWire eliminates traditional barriers, empowering designers, musicians, and artists to publish their creations and earn revenue with just a few clicks.
The ongoing commitment of LimeWire to innovation is evident in its plans to enhance generative AI tools with new features and models. The upcoming expansion to include music and video generation tools holds the promise of unlocking even more possibilities for creators. It sparks anticipation about the diverse and innovative ways in which artists will leverage these tools to produce and publish their own unique creations.
For those eager to explore, LimeWire's AI tools are readily accessible for free, providing an opportunity to experiment and delve into the world of generative art. As LimeWire continues to evolve, creators are encouraged to stay tuned for the launch of its forthcoming AI music and video generation tools, promising a future brimming with creative potential and endless artistic exploration
Health secretary accuses fast food giants such as KFC, Domino’s and Subway of ‘cruelly targeting kids’ near schools
Fast food firms such as KFC, Domino’s and Subway are “flooding” areas close to schools by opening almost 1,000 new outlets there in recent years, research reveals.
Subway have opened 420 new takeaways within 400m of a school in England, Scotland and Wales since 2014, while Domino’s and Greggs have opened 354 and 329 outlets respectively.
Continue reading...Those waging a war on woke have turned their attentions to twentysomethings’ supposed rejection of ham and mustard sarnies. Clearly this is what people mean by bread and butter issues ...
You are what you eat. And if you eat sandwiches? Then you’re probably woke, I’m afraid. While the convenience food may have been invented by a degenerate earl who, legend has it, didn’t want a proper meal to interrupt his gambling, some sarnies have now been deemed politically correct by the MailOnline – who are, of course, leading experts in wokeness. The MailOnline is getting flak for a recent headline that states gen Z “are ditching English classics like ham and mustard in favour of fancy woke fillings”.
What sort of PC fillings are we talking about? Quinoa, vegan camembert and kale on artisanal sourdough with a non-binary condiment (they-onnaise)? Nope. It seems what has ruffled the MailOnline’s feathers is … chicken. According to The Great British Sandwich Study, a wholesome survey conducted by the bread maker Allinson’s, older generations are partial to a ham sandwich while gen Z prefer chicken. Most boomers also like cheddar while younger consumers are fond of fancier fillings. Pretty inoffensive stuff, right? Yet somehow this has been packaged up into a culture wars piece. It’s funny how conservatives love to accuse the left of being snowflakes, yet they’re the ones getting upset by a sandwich.
Continue reading...Tommy Banks had appealed for the pies bearing his name to be given to people in need
A van that was stolen containing 2,500 pies has been found abandoned and its cargo too damaged to eat.
The Michelin-starred chef Tommy Banks had appealed to thieves to “do the right thing” and give the van’s contents, which also included custard and gravy, to people in need.
Continue reading...Audience member who was at BBC live show claims MasterChef presenter was ‘disrespectful’ to interpreter
Gregg Wallace asked a British Sign Language interpreter to sign “big boobs” and “sexy bum” in front of a live audience at the BBC Good Food show, an attender has told the Guardian.
A MasterChef fan who was at the BBC Good Food Show at the NEC Arena in Birmingham in 2012 said Wallace had asked the interpreter if she had to sign everything he said before making the comments. The woman who was in the audience said she had been “appalled and aghast” at “sexist” behaviour by Wallace during the live event in front of about 400 people.
Continue reading...A boldly flavoured traditional Christmas side that’s always a winner when paired with richer meats
Braised red cabbage is a relatively recent addition to my Christmas dinner, a contribution from the Scottish branch of the family, though I can’t find evidence it’s any more common in Scotland. Sweet and sour and festively spiced, it’s a long-standing favourite with richer meats such as goose, duck or pork, but, truth be told, its bold flavour makes it a hit on most winter menus.
Continue reading...Exclusive: Campaigners say company’s apparent abandoning of 2030 pledge is a ‘masterclass in greenwashing’
Coca-Cola has been accused of quietly abandoning a pledge to achieve a 25% reusable packaging target by 2030 in what campaigners call a “masterclass in greenwashing”.
The company has been previously found by researchers to be among the world’s most polluting brands when it comes to plastic waste.
Continue reading...This classic supper is full of sophisticated flavours but is actually really easy to make
A quick fish and potato supper that tastes like it required more effort.
Preheat the oven to 200C/gas mark 6. Bring a pan of water to the boil and salt it generously. Wash 350g of small potatoes, then cut them in half. Cook them in the boiling water for 15 minutes, then drain.
Continue reading...Need a generic but thoughtful gift? Here’s our inspiring list of affordable, and often useful, failsafe presents we buy time and again
We’ve all been there: royally stumped for a present for someone, be it a newly acquired father-in-law whose taste you don’t yet know, or a birthday you’d forgotten about. That’s when you reach for your fail-safes – the gifts you’ve bought time and again because, well, they’re a winner every time.
From a kids’ game and a box of iced biscuits to rejuvenating bath foam and a box of charity teabags, these presents have all been gratefully received by their recipients, over and over.
Continue reading...Actor and comedian Diane Morgan joins Grace for another helping of Comfort Eating. Diane is best known for playing mockumentary historian Philomena Cunk, droll antihero Liz in the critically acclaimed BBC sitcom Motherland, and Mandy in … Mandy. Diane reveals how she keeps a straight face when asking world experts very silly questions, why she was sacked from her waitressing job, and what happened when she tried to introduce hugging to the Morgan family.
If you liked this episode then have a listen to Grace’s conversations with Aisling Bea, Saoirse-Monica Jackson, and Jamie Demetriou
New episodes of Comfort Eating with Grace Dent will be released every Tuesday
Continue reading...Australia’s children account for a tiny portion of users but tech companies worry about the law setting a precedent
Hello, and welcome to TechScape. Happy belated Thanksgiving to my American readers, and I hope everyone enjoys a good holiday party this weekend. I’m excited to bake Grittibänz for the Feast of St Nicholas. This week in tech: Australia incites a panic, Bluesky poses the question of custom feeds, and the online things that brought me joy on holiday.
If every country in the world boots its young people from social media, social media companies would face an uncertain future
Continue reading...Draconian new laws allow mass incarceration of women and children forced to beg because of work ban
Destitute Afghan women arrested for begging under draconian new Taliban laws have spoken of “brutal” rapes and beatings in detention.
Over the past few months, many women said they had been targeted by Taliban officials and detained under anti-begging laws passed this year. While in prison, they claim they were subjected to sexual abuse, torture and forced labour, and witnessed children being beaten and abused.
Continue reading...Biden said that the truce could be a prelude to a ceasefire in Gaza. Netanyahu’s actions seem to indicate otherwise.
The post Israel Agrees to Stop Bombing Lebanon — So It Can Keep Bombing Gaza appeared first on The Intercept.
A weekly email from Yotam Ottolenghi, Meera Sodha, Felicity Cloake and Rachel Roddy, featuring the latest recipes and seasonal eating ideas
Each week we’ll send you an exclusive newsletter from our star food writers. We’ll also send you the latest recipes from Yotam Ottolenghi, Nigel Slater, Meera Sodha and all our star cooks, stand-out food features and seasonal eating inspiration, plus restaurant reviews from Grace Dent and Jay Rayner.
Sign up below to start receiving the best of our culinary journalism in one mouth-watering weekly email.
Continue reading...From spices to seeds, coffee to candles, we opened the doors of some of this year’s more inventive countdown-to-Christmas offerings – with varying results
Advent calendars filled with everything from beauty products to chocolate, Lego to tea, are as much a staple in the run-up to Christmas as drinking too much and listening to Last Christmas for the 1,237th time.
So, we’ve sniffed, tasted and drunk our way through 12 of them, rating them by their contents, value for money, sustainability and festive factor. And for those who want to swerve products altogether, we’ve rounded up the most beautiful, feelgood paper Advent calendars we could find.
Continue reading...Style, with substance: what’s really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved, direct to your inbox every Thursday
Style, with substance: what’s really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved, delivered straight to your inbox every Thursday
Explore all our newsletters: whether you love film, football, fashion or food, we’ve got something for you
Continue reading...Imagine a world in which you can do transactions and many other things without having to give your personal information. A world in which you don’t need to rely on banks or governments anymore. Sounds amazing, right? That’s exactly what blockchain technology allows us to do.
It’s like your computer’s hard drive. blockchain is a technology that lets you store data in digital blocks, which are connected together like links in a chain.
Blockchain technology was originally invented in 1991 by two mathematicians, Stuart Haber and W. Scot Stornetta. They first proposed the system to ensure that timestamps could not be tampered with.
A few years later, in 1998, software developer Nick Szabo proposed using a similar kind of technology to secure a digital payments system he called “Bit Gold.” However, this innovation was not adopted until Satoshi Nakamoto claimed to have invented the first Blockchain and Bitcoin.
A blockchain is a distributed database shared between the nodes of a computer network. It saves information in digital format. Many people first heard of blockchain technology when they started to look up information about bitcoin.
Blockchain is used in cryptocurrency systems to ensure secure, decentralized records of transactions.
Blockchain allowed people to guarantee the fidelity and security of a record of data without the need for a third party to ensure accuracy.
To understand how a blockchain works, Consider these basic steps:
Let’s get to know more about the blockchain.
Blockchain records digital information and distributes it across the network without changing it. The information is distributed among many users and stored in an immutable, permanent ledger that can't be changed or destroyed. That's why blockchain is also called "Distributed Ledger Technology" or DLT.
Here’s how it works:
And that’s the beauty of it! The process may seem complicated, but it’s done in minutes with modern technology. And because technology is advancing rapidly, I expect things to move even more quickly than ever.
Even though blockchain is integral to cryptocurrency, it has other applications. For example, blockchain can be used for storing reliable data about transactions. Many people confuse blockchain with cryptocurrencies like bitcoin and ethereum.
Blockchain already being adopted by some big-name companies, such as Walmart, AIG, Siemens, Pfizer, and Unilever. For example, IBM's Food Trust uses blockchain to track food's journey before reaching its final destination.
Although some of you may consider this practice excessive, food suppliers and manufacturers adhere to the policy of tracing their products because bacteria such as E. coli and Salmonella have been found in packaged foods. In addition, there have been isolated cases where dangerous allergens such as peanuts have accidentally been introduced into certain products.
Tracing and identifying the sources of an outbreak is a challenging task that can take months or years. Thanks to the Blockchain, however, companies now know exactly where their food has been—so they can trace its location and prevent future outbreaks.
Blockchain technology allows systems to react much faster in the event of a hazard. It also has many other uses in the modern world.
Blockchain technology is safe, even if it’s public. People can access the technology using an internet connection.
Have you ever been in a situation where you had all your data stored at one place and that one secure place got compromised? Wouldn't it be great if there was a way to prevent your data from leaking out even when the security of your storage systems is compromised?
Blockchain technology provides a way of avoiding this situation by using multiple computers at different locations to store information about transactions. If one computer experiences problems with a transaction, it will not affect the other nodes.
Instead, other nodes will use the correct information to cross-reference your incorrect node. This is called “Decentralization,” meaning all the information is stored in multiple places.
Blockchain guarantees your data's authenticity—not just its accuracy, but also its irreversibility. It can also be used to store data that are difficult to register, like legal contracts, state identifications, or a company's product inventory.
Blockchain has many advantages and disadvantages.
I’ll answer the most frequently asked questions about blockchain in this section.
Blockchain is not a cryptocurrency but a technology that makes cryptocurrencies possible. It's a digital ledger that records every transaction seamlessly.
Yes, blockchain can be theoretically hacked, but it is a complicated task to be achieved. A network of users constantly reviews it, which makes hacking the blockchain difficult.
Coinbase Global is currently the biggest blockchain company in the world. The company runs a commendable infrastructure, services, and technology for the digital currency economy.
Blockchain is a decentralized technology. It’s a chain of distributed ledgers connected with nodes. Each node can be any electronic device. Thus, one owns blockhain.
Bitcoin is a cryptocurrency, which is powered by Blockchain technology while Blockchain is a distributed ledger of cryptocurrency
Generally a database is a collection of data which can be stored and organized using a database management system. The people who have access to the database can view or edit the information stored there. The client-server network architecture is used to implement databases. whereas a blockchain is a growing list of records, called blocks, stored in a distributed system. Each block contains a cryptographic hash of the previous block, timestamp and transaction information. Modification of data is not allowed due to the design of the blockchain. The technology allows decentralized control and eliminates risks of data modification by other parties.
Blockchain has a wide spectrum of applications and, over the next 5-10 years, we will likely see it being integrated into all sorts of industries. From finance to healthcare, blockchain could revolutionize the way we store and share data. Although there is some hesitation to adopt blockchain systems right now, that won't be the case in 2022-2023 (and even less so in 2026). Once people become more comfortable with the technology and understand how it can work for them, owners, CEOs and entrepreneurs alike will be quick to leverage blockchain technology for their own gain. Hope you like this article if you have any question let me know in the comments section
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