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Category: cryptocurrencies – Page 30

Blockchain Technology on Mars.

Can a Mars economy be established on top of Blockchain Technologies?

In this youtube we’ll review the basic principles of Blockchain Technologies, and how they can be applied on another planet.

Mars is an isolated planet, with travel time of ~ 6 month and communication time of 5 – 20 minutes to Earth. Sometimes, when the Sun is between Earth and Mars communication can’t be established without a relay station, which may slow communication even further.

The initial settlements on Mars will have a small number of people when compared to Earth. So, Mars can’t effort to have a financial and legal system similar to Earth. Those system must be cheaper, faster and more efficient to operate.

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Neuralink has received a whole range of reviews, with some scientists hailing it as the next big break and others claiming that the company is making promises it cannot deliver! Stick around for the full update and subscribe to Futurity.

#elonmusk #neuralink.

Here at Futurity, we scour the globe for all the latest tech releases, news, and info just so you don’t have to! Covering everything from cryptocurrency to robotics, small startups to multinational corporations like Tesla and Jeff Bezos to Elon Musk and everything in between!

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Emerging technologies including AI, virtual reality (VR), augmented reality (AR), 5G, and blockchain (and related digital currencies) have all progressed on their own merits and timeline. Each has found a degree of application, though clearly AI has progressed the furthest. Each technology is maturing while overcoming challenges ranging from blockchain’s energy consumption to VR’s propensity for inducing nausea. They will likely converge in readiness over the next several years, underpinned by the now ubiquitous cloud computing for elasticity and scale. And in that convergence, the sum will be far greater than the parts. The catalyst for this convergence will be the metaverse — a connected network of always-on 3D virtual worlds.

The metaverse concept has wide-sweeping potential. On one level, it could be a 3D social media channel with messaging targeted perfectly to every user by AI. That’s the Meta (previously Facebook) vision. It also has the potential to be an all-encompassing platform for information, entertainment, and work.

There will be multiple metaverses, at least initially, with some tailored to specific interests such as gaming or sports. The key distinction between current technology and the metaverse is the immersive possibilities the metaverse offers, which is why Meta, Microsoft, Nvidia, and others are investing so heavily in it. It may also become the next version of the Internet.

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It should be noted that in 2020, rug pulls accounted for just 1 per cent of the under $5 billion in total illicit revenue.

Earlier, in November, millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours. Then Squid went on a roller-coaster ride. In a 10-minute span later on Monday, the token’s value grew from $628.33 to $2,856.65, according to CoinMarketCap, a crypto data tracking website. Then, five minutes later, it traded at $0.0007.

Meanwhile, US Federal Bureau of Investigation (FBI) had issued a warning in November, against cybercriminals that are using Bitcoin ATMs and QR codes to defraud unsuspecting individuals. The FBI in a recently released Public Service Announcement (PSA), said that it has witnessed an increase in scammers directing victims to use physical cryptocurrency ATMs and digital QR codes to complete payment transactions.

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And he’s been searching for it for a decade.

It’s a nightmare scenario that might become increasingly common in a world of digital currency. A man threw away an old PC hard drive while doing a quick spring clean of his home in Newport Wales, U.K., in 2013. Fast-forward almost a decade and he’s still desperately petitioning to be allowed to go through his local landfill.

The reason the man, 35-year-old IT engineer James Howells, wants to trawl through his local trash site is that the hard drive he threw out included a wallet with 7,500 Bitcoin.

At the time he threw out the hard drive, that amount of Bitcoin would have been worth 665 thousand dollars (500 thousand pounds). Today, it would have made him a millionaire, as it would be worth a total of 357 million dollars.

In an interview with The Guardian in 2013, Howells explained how he had been looking through the landfill, which is roughly the size of a football field. “I had a word with one of the guys down there, explained the situation. And he actually took me out in his truck to where the landfill site is, the current ditch they’re working on. It’s about the size of a football field, and he said something from three or four months ago would be about three or four feet down,” Howells explained.

Roughly $140 billion in ‘lost’ Bitcoin worldwide Following initial scavenging efforts for the lost hard drive, Howells seemed resigned to losing the digital fortune. More recently, however, he has recruited local residents in Newport to help him search for the device. Anyone who helps him find it, he says, is promised to be rewarded millions — if the hard drive is still readable, that is. The 35-year-old also offered to donate 25 percent of the potential findings — roughly 70 million dollars– to a “Covid Relief Fund” for his home city.

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The BC-160 mining card from XFX is now available in China.

Back in October, we reported that XFX is preparing its custom card for cryptocurrency mining. This card was supposedly using Navi 12 GPU, which to this date was more commonly known as ‘special’ GPU for Apple Mac or Radeon Pro V560. This GPU was never released for gamers though. More than 2 years since it was first introduced, AMD is now supplying Navi 12 chips for mining equipment.

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Elon Musk is Time’s Person of the Year.

The magazine said that he had been chosen for his work in space as well as on electric cars, as well as his plans to take humanity to Mars and his interest in cryptocurrency. It also noted in its announcement that Mr Musk “also likes to live-tweet his poops”, thought to be a first for a Time “Person of the Year”.

“For creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans, for driving society’s most daring and disruptive transformations, Elon Musk is TIME’s 2021 Person of the Year,” the magazine wrote in its announcement.

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