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Elementary Physics Paths
Match ID: 0 Score: 1000.00 source: xkcd.com
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Driving PSA
Match ID: 1 Score: 1000.00 source: xkcd.com
qualifiers: 1000.00 xkcd
Chasing
Match ID: 2 Score: 1000.00 source: xkcd.com
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Bloom Filter
Match ID: 3 Score: 1000.00 source: xkcd.com
qualifiers: 1000.00 xkcd
Filter efficiency 99.475 (4 matches/762 results)
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The Consumer Finance Protection Bureau Is Constitutional, After All
Thu, 16 May 2024 23:34:55 +0000
And for some reason Justice Samuel Alito can’t stop talking about this witch trial judge.
The post The Consumer Finance Protection Bureau Is Constitutional, After All appeared first on The Intercept.
Judges had deferred a decision on whether Assange could take his case to another appeal hearing
Julian Assange has won a victory in his ongoing battle against extradition from the UK after judges at the high court in London granted him leave to appeal.
Two judges deferred a decision in March on whether Assange, who is trying to avoid being prosecuted in the US on espionage charges relating to the publication of thousands of classified and diplomatic documents, could take his case to another appeal hearing.
Continue reading...Tigran Gambaryan faces allegations of ‘serious criminality’ on behalf of world’s largest cryptocurrency exchange
A Nigerian court has ruled that Tigran Gambaryan, the Binance executive detained on charges of tax evasion and money laundering, can face trial on behalf of the world’s largest cryptocurrency exchange.
In a judgment in Abuja on Friday – Gambaryan’s 40th birthday – the presiding judge, Emeka Nwite, denied the American national bail, saying he was likely to abscond.
Continue reading...Since Dobbs, state-level Republicans have sought to strip power from DAs elected in Democratic cities who won’t prosecute abortion care.
The post Republicans Can’t Decide: Do They Hate Prosecutors Because of Bail Reform or Abortion? appeared first on The Intercept.
Ex-president’s jail sentence precludes him from standing for new MK party in decision that could affect general election results
South Africa’s top court has ruled that the former president Jacob Zuma is not eligible to run for parliament in the general election on 29 May, a judgment that could influence the outcome and trigger unrest from Zuma’s supporters.
The constitutional court found Zuma’s 15-month jail sentence for contempt of court in 2021 disqualified him from standing in the 29 May election, as the constitution prohibits anyone given a prison sentence of 12 months or longer from holding a parliamentary seat.
Continue reading...Biden will be remembered as a president who could have restrained Israel but instead made the US complicit in this war
With great fanfare, Joe Biden confirmed on 8 May that his administration had suspended one weapons shipment to Israel, delaying the delivery of 3,500 bombs that can cause devastating casualties when dropped on population centers. Biden said he warned Israeli leaders that he would also block artillery shells and other munitions if Israel went ahead with a ground invasion of Rafah, Gaza’s southernmost city, where 1.4 million Palestinians have taken shelter.
It seemed Biden had finally decided to use the most effective leverage he has over Benjamin Netanyahu, the Israeli prime minister, and his extremist government to force an end to Israel’s devastating war in Gaza. But less than a week later, it became clear that Biden had backtracked and he will continue sending Israel far more weapons than the one shipment he held back. Last Tuesday, the Biden administration notified Congress that it would move ahead with more than $1bn in new arms deals for Israel.
Mohamad Bazzi is director of the Hagop Kevorkian Center for Near Eastern Studies, and a journalism professor at New York University
Continue reading...From targeting humanitarian vehicles to standing by as mobs attack trucks, Israel is blocking aid from reaching Gaza.
The post The State Department Says Israel Isn’t Blocking Aid. Videos Show the Opposite. appeared first on The Intercept.
With Bowman’s challenger handpicked by AIPAC, the Israel lobby is cementing its status as the biggest player in Democratic primary politics.
The post Outside Groups Spent $285,000 Backing Jamaal Bowman. AIPAC Alone Just Dropped Nearly $2 Million to Attack Him. appeared first on The Intercept.
After inquiries from The Intercept, Duane Kees stepped down from his ethics panel position.
The post This U.S. Attorney Resigned Amid an Ethics Investigation. Yet He Wound Up Overseeing Judges’ Ethics. appeared first on The Intercept.
As brutal police repression sweeps campus encampments, schools have been cutting ties with pro-Palestine faculty members without tenure.
The post University Professors Are Losing Their Jobs Over “New McCarthyism” on Gaza appeared first on The Intercept.
The 71-year-old veteran peace activist discusses the war on Gaza, the Biden administration, and shaking up Congress.
The post Code Pink’s Medea Benjamin on Disrupting the U.S. War Machine appeared first on The Intercept.
The 22-year-old woman and her child were civilian casualties of a U.S. drone strike, but the Pentagon won't return the family's messages.
The post Pentagon Compensated Zero Civilian Victims in 2022 — Despite Evidence That the U.S. Killed a Mom and Child in Somalia appeared first on The Intercept.
A new anti-terrorism bill would allow the government to take away vital tax exemptions from nonprofit news outlets.
The post Criticizing Israel? Nonprofit Media Could Lose Tax-Exempt Status Without Due Process appeared first on The Intercept.
The powerful lobbying group is going against a Capitol Police officer who fended off January 6 insurrectionists.
The post Neither Candidate Has Much to Say About Israel. So Why Is AIPAC Pouring Money Into This Race? appeared first on The Intercept.
Antony Blinken’s report identifies “incidents that raise concerns,” but says Israel is not blocking humanitarian aid.
The post Israel “Likely” Used U.S.-Supplied Weapons in Violation of International Law. That’s OK, Though, State Department Says. appeared first on The Intercept.
Four lawsuits alleging Hamas ties against Students for Justice in Palestine, the AP, UNRWA, and a cryptocurrency exchange share many of the same plaintiffs.
The post October 7 Survivors Sue Campus Protesters, Say Students Are “Hamas’s Propaganda Division” appeared first on The Intercept.
A donor to Dexter in the Portland congressional race tells The Intercept: “I give all my contributions through AIPAC.”
The post AIPAC and Republican Donors Raising Big Money for Maxine Dexter Against Susheela Jayapal in Oregon appeared first on The Intercept.
An open letter from government attorneys questions the legal cover for arms transfers to Israel.
The post Even Biden’s Lawyers Are Urging the White House to Change Course on Gaza appeared first on The Intercept.
Lai Ching-te uses inauguration speech to push for peace in the region and says future of Taiwan important to future of the world
Lai Ching-te has been sworn in as Taiwan’s new president, urging China to “cease their political and military intimidation against Taiwan” and to keep the world free from the fear of more war.
Lai was inaugurated on Monday morning at the Japanese colonial-era presidential office in central Taipei, taking over from Tsai Ing-wen, whose eight years in power saw a deterioration in relations with Beijing.
Continue reading...As brutal police repression sweeps campus encampments, schools have been cutting ties with pro-Palestine faculty members without tenure.
The post University Professors Are Losing Their Jobs Over “New McCarthyism” on Gaza appeared first on The Intercept.
This blog is closed. See all of our Taiwan coverage.
The Guardian’s Helen Davidson and Chi Hui Lin are at the inauguration in Taipei. They have this report:
It is a sea of bucket hats outside the Presidential Office.
Continue reading...Taiwan’s first female president has presided over big social changes, but her main legacy is the cultivation of the island’s rising prominence on the world stage
In a riot of yellow braids, glitter and spandex, garnished with a huge yellow water lily, Taiwan’s latest global celebrity danced her heart out for the island’s diminutive, softly spoken president, whose mild manners belie her outsized legacy.
Tsai Ing-wen, 67, stepped down as Taiwan’s president on Monday. Before handing over the keys, on Wednesday she welcomed Taiwan’s most famous drag queen, Nymphia Wind, for a live performance in the presidential office. After sashaying to Lady Gaga’s Marry the Night, Nymphia Wind, who recently won the 16th season of the US reality show RuPaul’s Drag Race, thanked Tsai for “all these years of making Taiwan the first in so many things”.
Continue reading...Rolling coverage of the latest economic and financial news, as deputy governor Ben Broadbent gives his final speech at the BoE
The UK and its financial services sector cannot afford to give the “cold shoulder” to China, the City minister has warned.
Speaking at the CityWeek conference in London this morning, Bim Afolami told attendees that it was “crucial” to engage with strategic competitors like China.
“Like with any bilateral relationship, we don’t agree on everything.
We are very clear that you simply cannot give the cold shoulder to an economy that is home to a fifth of the world’s globally systemically important banks, four of the world’s largest banks, and almost a third of the world’s leading global financial centres.
“There is no point in us having the safest graveyard.”
Continue reading...Deputy governor of Kharkiv border town, Roman Semenukha, told national television on Monday that ‘the assaults do not stop’
Russia’s foreign minister, Sergei Lavrov, held a meeting with his Chinese counterpart, Wang Yi, in Kazakhstan’s capital Astana, the Russian state news Tass agency reported on Monday.
It said the ministers were meeting to discuss the implementation of Russian-Chinese agreements reached during Vladimir Putin’s state visit to China last week, and events in Iran, whose president and foreign minister were killed in a helicopter crash on Sunday.
Continue reading...Even the English Breakfast Society has welcomed the ‘baozi’ as supermarket chains feed off interest in world food
The origin of bao buns, or baozi, goes back as far as third-century China. The legend goes that a military strategist used the wheat buns instead of human heads as a peace offering to a god for safe passage. The deity fell in love with the steamed buns so much that he parted the rough waters of the river to allow crossing.
It seems Britons have also fallen for the Asian treat. The English Breakfast Society, devoted to promoting the traditional English breakfast, this month encouraged the introduction of bao buns as part of a morning fry-up.
Continue reading...Local authorities will be allowed to turn unsold homes from developers into affordable housing
China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures by Beijing aimed at propping up the country’s faltering property market.
The People’s Bank of China said it would scrap the minimum rate of interest and reduce down-payment ratios to 15% for first-time buyers and 25% for second homes. It will also create a 300bn yuan (£32.8bn) facility to support local state-owned companies to buy homes at reasonable prices, it said in a series of statements on Friday.
Continue reading... submitted by /u/Wagamaga [link] [comments] |
Exclusive: Ads containing AI-manipulated images were submitted to Facebook by civil and corporate accountability groups
The Facebook and Instagram owner Meta approved a series of AI-manipulated political adverts during India’s election that spread disinformation and incited religious violence, according to a report shared exclusively with the Guardian.
Facebook approved adverts containing known slurs towards Muslims in India, such as “let’s burn this vermin” and “Hindu blood is spilling, these invaders must be burned”, as well as Hindu supremacist language and disinformation about political leaders.
Continue reading...Indiana’s rookie star has been thrown into the WNBA cauldron 38 days after her final college game. How much is too much?
The Caitlin Clark Experience did not disappoint when it came through Brooklyn on Saturday afternoon. After a rocky start to her professional career, the Indiana Fever rookie showed glimpses of why she turned women’s basketball into appointment television during her record-breaking run at the University of Iowa.
She was all over the court against the New York Liberty, scoring 10 of her team’s 19 first points with a flurry of pull-up threes and slashing lay-ups, whipping one-handed passes to create opportunities for her teammates and prompting deafening roars from a packed crowd, drowning out the scattered boobirds. She was cooled off after leading all scorers with 15 points at half-time by a platoon of defenders led by Betnijah Laney-Hamilton, a wily veteran eight years Clark’s senior, but not before depositing one of her signature 30-footers.
Continue reading...While the number of Indian billionaires soars, growing unemployment has become a big problem for the BJP as it campaigns for a third term
It wasn’t even the real wedding, just the pre-wedding party. But that didn’t stop India’s richest billionaire, Mukesh Ambani, whose son is set to marry the daughter of a millionaire, from throwing an affair so ostentatious that no one could question just how wealthy they are.
The pop star Rihanna was paid about $8m to perform. The catering alone cost $25m and the final bill for the glittering soiree, held in March, reportedly came in at about $150m.
Continue reading...PFAS chemicals present in air, rain, atmosphere and water in basin, which holds nearly 95% of US freshwater
Toxic PFAS “forever chemicals” are ubiquitous in the Great Lakes basin’s air, rain, atmosphere and water, new peer-reviewed research shows.
The first-of-its-kind, comprehensive picture of PFAS levels for the basin, which holds nearly 95% of the nation’s freshwater, also reveals that precipitation is probably a major contributor to the lakes’ contamination.
Continue reading...From targeting humanitarian vehicles to standing by as mobs attack trucks, Israel is blocking aid from reaching Gaza.
The post The State Department Says Israel Isn’t Blocking Aid. Videos Show the Opposite. appeared first on The Intercept.
Five years after her last companion died and the aquarium’s owner pledged to free her, Bella still languishes in a tiny tank amid shops
In the heart of Seoul, amid the luxury shops at the foot of the world’s sixth-tallest skyscraper, a lone beluga whale named Bella swims aimlessly in a tiny, lifeless tank, where she has been trapped for a decade.
Her plight is urgent, with campaigners racing to rescue her from the bare tank in a glitzy shopping centre in South Korea’s capital before it is too late.
Continue reading...Since Dobbs, state-level Republicans have sought to strip power from DAs elected in Democratic cities who won’t prosecute abortion care.
The post Republicans Can’t Decide: Do They Hate Prosecutors Because of Bail Reform or Abortion? appeared first on The Intercept.
Human-caused climate crisis brought soaring temperatures across Asia, from Gaza to Delhi to Manila
The record-breaking heatwave that scorched the Philippines in April would have been impossible without the climate crisis, scientists have found. Searing heat above 40C (104F) struck across Asia in April, causing deaths, water shortages, crop losses and widespread school closures.
The extreme heat was made 45 times more likely in India and five times more likely in Israel and Palestine, the study found. The scientists said the high temperatures compounded the already dire humanitarian crisis in Gaza, where displaced people are living in overcrowded shelters with little access to water.
Continue reading...“We’re continuing to work around the clock with the government of Israel and with the government of Egypt to work on this issue,” the State Department said.
The post American Medical Missions Trapped in Gaza, Facing Death by Dehydration as Population Clings to Life appeared first on The Intercept.
Ban Khun Samut Chin, a coastal village in Samut Prakan province, Thailand, has been slowly swallowed by the sea over the past few decades. This has led to the relocation of the school and many homes, resulting in a dwindling population. Currently, there are only four students attending the school, often leaving just one in each classroom. The village has experienced severe coastal erosion, causing 1.1-2km (0.5-1.2 miles) of shoreline to disappear since the mid-1950s
Continue reading...The trailblazing musician was a powerful force for change and unity, and his legacy continues to inspire millions. He deserves his homeland’s highest honour
He is a 20th-century global icon but not officially designated a national hero in his own land. In a recent interview at the Bob Marley: One Love movie premiere, Jamaica’s prime minister, Andrew Holness, disclosed that his government was considering again the longstanding petitions to award its highest honour to the legend. Marley’s’s profound impact on music and Jamaican culture is undeniable. From Kingston to Harare, he stood for social justice and freedom and against colonialism. To have decades of deliberation by politicians on whether to declare him a national hero is baffling.
From baby boomers to generation X, growing up in the Caribbean was enriched by a vibrant and resonant tapestry of diverse music. The formative backdrop was artists such as Sam Cooke, Sparrow, Jim Reeves, Stevie Wonder, Earth Wind and Fire and Bob Marley. All could be heard back to back on the airwaves. Reggae was growing internationally, with Marley paving the way for the multitude of Caribbean artists to come.
Continue reading... submitted by /u/SpaghettiFurenti [link] [comments] |
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
These small, soft balls make for a speedy supper – serve them with a generous grating of parmesan and a well-dressed green salad
The combination of ricotta, wilted chopped spinach, grated parmesan or pecorino, egg and a good grating of nutmeg is a familiar and typical filling for ravioli. In today’s dish, though, there is no pasta covering, hence the nudità (nudity) of the little lumps (gnocchi simply means “little lumps”), which is neatly captured by the Tuscan dialect word gnudi. They have other names, too. In Casentino, in the province of Arezzo, for example, they are possessive and call them gnocchi di Casentino, as well as gnocchi di ricotta, while in the provinces of Siena and Grosseto gnudi are known as malfatti (“badly shaped”), which is a reassuring name, as well as a charming one.
That said, my gnudi are well formed, ever since I learned an entertaining and satisfying technique (I wish I could remember who to thank for this): you put a walnut-sized lump of the spinach-speckled gnudi mixture into a small bowl along with a little semolina (or plain) flour and move the bowl in a circle, so the cheese mixture rolls around like a ball bearing in a slot machine and eventually turns into a satisfying oval. Another way of shaping is simply by rolling the balls between floured hands, or the two-teaspoon method, which involves turning and smoothing each side until it forms a neat lump, then dusting it in flour.
Continue reading...Even the English Breakfast Society has welcomed the ‘baozi’ as supermarket chains feed off interest in world food
The origin of bao buns, or baozi, goes back as far as third-century China. The legend goes that a military strategist used the wheat buns instead of human heads as a peace offering to a god for safe passage. The deity fell in love with the steamed buns so much that he parted the rough waters of the river to allow crossing.
It seems Britons have also fallen for the Asian treat. The English Breakfast Society, devoted to promoting the traditional English breakfast, this month encouraged the introduction of bao buns as part of a morning fry-up.
Continue reading...From targeting humanitarian vehicles to standing by as mobs attack trucks, Israel is blocking aid from reaching Gaza.
The post The State Department Says Israel Isn’t Blocking Aid. Videos Show the Opposite. appeared first on The Intercept.
There was more business than usual and some bemused regulars after El Califa de León was rewarded for its ‘exceptional’ offering
El Califa de León, an unassuming taco joint in Mexico City, measures just 3 metres by 3 metres and has space for only about six people to stand at a squeeze. Locals usually wait for 5 minutes between ordering and picking up their food.
All that changed on Wednesday, however, when it became the first Mexican taco stand ever to win a Michelin star, putting it in the exalted company of fine dining restaurants around the world, and drawing crowds like it has never seen.
Continue reading...After inquiries from The Intercept, Duane Kees stepped down from his ethics panel position.
The post This U.S. Attorney Resigned Amid an Ethics Investigation. Yet He Wound Up Overseeing Judges’ Ethics. appeared first on The Intercept.
“We’re continuing to work around the clock with the government of Israel and with the government of Egypt to work on this issue,” the State Department said.
The post American Medical Missions Trapped in Gaza, Facing Death by Dehydration as Population Clings to Life 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...South Africa's case against Israel over allegations of genocide before the international court of justice has raised a central question of international law: what is genocide and how do you prove it? It is one of three genocide cases being considered by the UN's world court, but since the genocide convention was approved in 1948, only three instances have been legally recognised as genocide. Josh Toussaint-Strauss looks back on these historical cases to find out why the crime is so much harder to prove than other atrocities, and what bearing this has on South Africa's case against Israel and future cases
What is the genocide convention and how might it apply to the UK and Israel?
‘Famine is setting in’: UN court orders Israel to unblock Gaza food aid
On the last day of his Huginn mission, ESA astronaut Andreas Mogensen takes us on a tour of the place he called home for 6 months: the International Space Station. From the beautiful views of Cupola to the kitchen in Node 1 filled with food and friends and all the way to the science of Columbus, the Space Station is the work and living place for astronauts as they help push science forward.
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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