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Supply Chain logistics tech

How are Logistics Systems Boosting Productivity in the Supply Chain Industry?

Of late, enterprises fear data authenticity could disrupt their logistics business as per the finding by PWC. Logistics, being considered as unpredictable services by some groups of people and an oppo...

How are Accelerated Mobile Pages Producing Faster and more Productive eCommerce sites?

How are Accelerated Mobile Pages Producing Faster and more Productive eCommerce sites?

The field of UX has developed so much over the years that has now set high expectations among the customers. It also made customers grow impatient as access to information has to be expedited, error-f...

Apple Privacy Features WWDC 21

Apple announces more privacy-focused features in WWDC event 2021

Apple’s products have always been known for their data privacy. On June 7th, 2021, at the Apple WWDC event, various Apple products and features were released. It is evident that all Apple features lik...

El Salvador becomes the first country to adopt Bitcoin as its legal tender. This law was accepted by 62 out of 84 possible votes within Central American country’s congress. El Salvador’s president Nayib Bukele confirms that a state-owned geothermal company has been instructed to use geothermal energy from the country’s volcanos to mine Bitcoin. Concerns about crypto mining  Many countries around the world are against Bitcoin mining because of the carbon emissions/footprint. Experts point out that the underlying technology used to mine cryptocurrency consumes electricity equivalent to what is being consumed by Argentina. Major cryptocurrencies like Bitcoin and Ethereum use Proof of Work (PoW) to verify transactions on the blockchain network. Mining these coins would require complex mathematical procedures to create new coins and will also consume massive amounts of computational power and electricity. China has already banned the process of Bitcoin mining. It has also been found that the bitcoin network consumes over 121 terawatt-hours annually. Elon Musk, the founder of SpaceX and Tesla strongly admits that he is very concerned about the fossil fuel used to mine Bitcoin, especially coal, because of its excessive carbon emissions. Musk also mentioned that this was the reason for Tesla to stop receiving Bitcoin as payment. Because of these two events, BTC has been experiencing a significant loss in terms of returns from the S&P 500 and gold. This digital value of BTC fell to 44% from its all-time high (ATH) value of $64, 804.72 in mid-April, 2021. Alternative approaches towards crypto mining El Salvador’s president confirms that the country’s engineers have dug a new well that is capable of producing around 95 MW of 100% clean, emission-free electricity from the geothermal energy of the volcano. This environmentally friendly way of mining cryptocurrency against various existing criticisms, concerns and environmental impact, took the market by surprise. Experts have found alternative ways to mine cryptocurrencies that are cheap and renewable. This will enable the miners to produce clean cryptocurrencies with considerably fewer emissions. Many countries like Iceland and Norway have now adopted hydro-electrical and thermal power to mine cryptocurrencies.

El Salvador to use Volcanic Energy to Mine Cryptocurrency

El Salvador becomes the first country to adopt Bitcoin as its legal tender. This law was accepted by 62 out of 84 possible votes within Central American country’s congress. El Salvador’s president Nay...

All Ios 15 features launched in WWDC

Apple releases the new iOS 15 features on WWDC 21 – All Features

Apple has released its iOS 15 features on Monday, June 7th in their annual WorldWide Developer Conference (WWDC). This version of the OS update is said to support all iPhone devices starting from 6s, ...

How are emerging technologies making financial operations safer and more productive?

How are emerging technologies making financial operations safer and more productive?

In years to come, not Gold but Data shall be the most valuable asset known to humanity, and that’s precisely where emerging technologies such as Blockchain, AI and IoT take the lead. Financial institu...

How will Blockchain Fight Fake News

How will Blockchain Fight Fake News? Future of News

The usage of the internet keeps increasing rapidly. People learn, hear and listen about various things right from knowing about their favorite celebrity to political news on the internet. The amount o...

The Future of Work Post Covid-19 Pandemic

The Future of Work Post Covid-19 Pandemic – Intelligence Report

The Covid-19 pandemic that has affected millions of people has disrupted the course of various sectors like education, entertainment and business across the planet. During the beginning of the pandemi...

Natural Language Processing and its use cases

Guide to Natural Language Processing (NLP) and Its Use Cases

What is Natural Language Processing (NLP)? The advancement of science and technology lead to the development of Artificial Intelligence. AI enables machines to think and make human-like decisions. A b...

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