Tag: baking

CRYPTOCURRENCY


Cryptocurrencies are non-physical virtual currencies or currencies based on cryptography. Cryptocurrency is made up of very complex programs. These can also be referred to as software codes. These are called ‘cryptocurrencies’ because they use encryption technology. The cryptocurrency was invented in 2008 by Satoshi Nakamoto

The major cryptocurrencies are Bitcoin, Ethereum, Ripple, Lightcoin and Stellar. The most valuable and popular of these is Bitcoin. This is also the first cryptocurrency. Bitcoin is currently valued at $ 10,000 against the dollar. Bitcoin is traded through Bitcoin exchanges

Cryptocoin is not a new concept. But the full credit for turning the octopus into a grass-eating cow goes to some individual or group known by the nickname Satoshi Nakamoto.Satashi introduced the Bitcoin protocol in 2008 and introduced it in 2009. Satoshi Nakamoto suddenly disappeared from the world of bitcoin in 2011 without even giving a hint of who he was, building the Bitcoin protocol and related software and providing all the infrastructure needed for further development.Media outlets such as The New Yorker and Fast Company have been scrutinizing the identity of Satoshi, but no definite answer has been found. Shinichi Mochisuki, Japanese mathematician, computer engineer and economistTed Nelson, the father of ‘hypertext’, believes that Satoshi has no choice but to become. He gives no clear evidence for this. Ted Nelson argues that the character traits of Mochisuki, who withdrew after publicizing his findings and giving the public the necessary guidance, are in perfect agreement with Satoshi.The concept of Bitcoin is not just for a mathematician or a computer engineer. These conclusions are underlined by the fact that it can only be achieved by someone with extraordinary insights into economic, social and humanitarian issues. Moreover, good knowledge of the English language is required to discuss this concept with the outside world in a way that does not interfere with its meaning. Mochisuki is one of the few Japanese who can speak English fluently. But Mochisuki has denied this, so Bitcoin’s father still hides behind the nickname Satoshi.

In all existing monetary systems, the value of a currency is controlled by a centralized institution. For example, the value and distribution of our currency are controlled by the Reserve Bank. In this type of centralized control system, consumers are always at risk of being exploited. Moreover, black money poses a major challenge to the monetary system.This is where Bitcoin comes into play. No individual can exploit the Bitcoin system in a harmful way. The production of counterfeit coins is also impossible. Unlike other currencies, there are accurate estimates of the maximum number of bitcoins that can be marketed. 210 lakh bitcoins will be marketed only in predetermined proportions. This completely eliminates inflation.

Bitcoin and the Bitcoin network are protected in two ways. The first is through highly secure cryptographic technology. According to this, the full right to spend and keep is reserved for the Bitcoin owner only.The second is the Bitcoin exchange account known as the blockchain. That is, a blockchain is a register that encodes information on all completed Bitcoin transactions.Here too, one can look at the shortcomings of the common banking system and understand the relevance of the blockchain. Withdraw more than the amount in the account in the normal banking system. Banks use centralized books to avoid errors such as paying checks for unaccounted money. However, we do not accept checks from unbelievers. Because of the fear of bouncing. Moreover, the misconduct of the bank officials may result in loss of money. All of this is excluded in the Bitcoin currency system.The Bitcoin Blockchain is a public account book that encodes all Bitcoin transactions and systematically connects them to each other under the clock. The process of making bitcoin blocks and updating the ledger is known as bitcoin mining. Bitcoins are rewarded by the Bitcoin community.The reward for this is the number of new coins entering the Bitcoin network (down from the previously mentioned 210 million coins). Once the index reaches 210 lakhs, new bitcoins cannot be mined. According to estimates, we will have to wait until 2140 to reach this magic number. Once the 210 lakh coins have reached the market, the new coins will be exchanged for the renewal of the books of account and the exchangers will have to pay a fixed percentage of the amount for the renewal of the books of accounts. As the competition intensifies, so does the exchange rate.

The main argument before the ban was that the proliferation of digital currencies could weaken the banking system. The fact that counterfeit money is on the rise and is prone to financial irregularities and fraud still keep governments away from cryptocurrencies.

Apart from India, countries like China, Nepal, Russia, Vietnam and Bolivia have also banned virtual currencies, including Bitcoin.

In April 2018, the Reserve Bank will impose restrictions on cryptocurrencies. The ban was aimed at curbing irregularities that could affect economic growth.

4 Productive Things To Do During Quarantine

REMINDER: IT’S OKAY TO NOT BE PRODUCTIVE EVERYDAY. YOUR WORTH IS INDEPENDENT OF YOUR PRODUCTIVITY

PART 1

Here are 4 productive things to do during quarantine:

1. Learn to play an instrument

Playing an instrument is a great skill, you could start with an instrument that you have always thought of playing- a guitar, a ukulele, a tabla or an instrument that is fascinating to you. Though it will take some time to get used to the habit of following YouTube tutorials or online lessons, but once you get a hang of it, you’ll realise just how rewarding it is. With so much time on your hands you’ll not be under any pressure to reschedule your day and make time out of you busy schedule, instead you’ll be able to take it at your pace and pay more attention to details. 

Here’s a list of easy to learn instruments: Top 15 musical instruments you can easily learn & play

2. Read more books

There are hundreds of thousands of authors and an even bigger amount of books you could read. Books are an essential item for improving your language as well as your vocabulary. They develop your knowledge – and like instruments, they help sharpen your memory. If you don’t want to shell out money from your pocket and/or are sceptical to order paperbacks online from stores like Amazon or Flipkart, the easier way out is free e-book websites. 

You can try and give EPDF or PDF Drive a shot. 

3. Bake

Baking is incredible and extremely fulfilling: mix a few ingredients, put it in the oven – and bingo! You have a tasty treat for yourself. Baking can also be advantageous for mental health as it is very therapeutic and calming for the brain. Research show that it is a great stress reliever and can leave you feeling happier and more positive.  

Here are some YouTube channels that will make you want to run to you kitchen to get your supplies

  1. Bake With Shivesh
  2. The Terrace Kitchen
  3. Spice Bangla

4. Learn a new language

If you want to level up and attempt a more challenging activity, which will benefit you exceedingly- learn a new language. It is scientifically proven that learning a new language makes you smarter and helps in developing cognitive abilities. Learning a new language help strengthen your listening and multitasking skills. Research also suggests that it helps prevent the onset of Alzheimers. 

There are plenty apps and e-learning wesbites that can help you learn a language. These include: Affordable yet excellent language courses on Udemy and Coursera also offers such free and paid courses by prestigious universities from all over the globe.