tech Archives - Page 2 of 5

Is cryptocurrency influencing the gaming industry ?

Since the early 2000s, Technical specifications have exploded, and digital computer technology has advanced at such a rapid pace that any new batch of games, graphics, and consoles seems to blow the previous generation out of the water. The costs of infrastructure, servers, and the Internet have mostly plummeted that even the Internet at hyper-speed is now accessible and commonplace, and 3.2 billion active users have access to the Internet.
This gaming community has grown with players from all age groups. The introduction of smartphones has changed the traditional perspective of whom to play games. From elders playing Candy Crush Saga to children playing Pubg has
made the gaming industry one of the most profitable industries.

Also, the network of gamers has grown in a short period helping them make a good amount of money while playing games. Whether you are a 90’s kid or a 2k Kid, it doesn’t matter. What matters is how the gaming community has grown anonymously & changing the approach of people towards gaming platforms.
Generations have passed evolving our relationship with games to make sure we are
also a part of this fast-growing network

Needless to mention, the two rapidly emerging developments in the world right now are Cryptocurrency and Blockchain. Gamers worldwide are shifting to cryptocurrency-based gaming because along with playing the games, they provide them with a user-friendly gaming experience. These days, in every part of our lives, this emerging technology plays a major role and the gaming industry is no different.
As a result, digital currencies have begun to be used for payment mechanisms by most blockchain game developers around the globe. This is because it provides them with the fastest and shortest purchase relative to other payment schemes.
The token technology opened a way for the gaming and retail industry to benefit from various advantages. This is because gaming and crypto-currency tokens allow businesses to take advantage of both private and public blockchain in-game digital assets.
The gaming business is therefore known as one of the leading cryptocurrency contributors. Many gaming industries have in-game currencies for players that they can use to acquire, invest and earn when playing the game. In the form of fiat cash or gift cards, this digital currency is available to gamers. Inside the gaming sites, all this is typically open to players, so that they can pay a penny to make further purchases such as weapons, apparel, and more.
As the gaming industry continues to grow more cryptocurrency-integrated games,
more gamers will be interested in these gaming networks and digital currency use will likely rise gradually. Gamers who are not aware of cryptocurrencies will own a token balance in this way. As a result, advanced stages of their favorite game can be leveraged.
Thus, it can be said that blockchain is the future gaming industry

Also read: Is Polkadot the fourth Largest Cryptocurrency?

What is Burn and mint equilibrium in crypto world ?

In the crypto world, burning assets (coins or tokens) means eliminating them by sending them to an ‘eater address,’ which is not accessible by anyone, since no one owns the private keys to that address.

In other words, whenever assets are ‘burned,’ they do not go up in smoke. Instead, they are just quarantined, never to be accessed again by anybody. Every transaction that is conducted on the blockchain is public; therefore, these coins are effectively taken out of the total supply and can be verified by anyone at any point in time.

Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply. To explain how this works, we will be using Binance Coin (the old BNB ERC-20) as an example. The previous contract for BNB, while it was on the Ethereum network, can be found here.

When the Binance Coin was still part of the Ethereum network, Binance performed periodic Coin Burn events using a smart contract function known as burn function.

After burning value-seeking

tokens to obtain payment tokens, users spend the payment tokens to access network services. This allows users to show the network that the service provider finished the work for the value-seeking tokens that were burned.

It’s worth noting that these payment tokens aren’t transferable.

They are not being sent to anyone by the user.

Service providers are then rewarded through inflationary minting, which is separate from the token burning process.

As the network grows in popularity, value-seeking tokens are burned, and the tokens gain value.

As their value rises, fewer tokens will be required to be burned to receive the same number of USD-denominated payment tokens.

If usage falls, a dynamic is created to bring the price down.

How is this accomplished? In the digital currency world, it is difficult if not impossible to control the flow of tokens once they have been mined. To remove tokens from circulation, miners and developers acquire those tokens and then send them to specialized addresses that have unobtainable private keys. Without access to a private key, no one can access these tokens to use them for transactions. Thus, the coins become unusable and relegated to a space outside of the circulating supply.

Of course, there are massive risks associated with coin burning, too. First, burning coins is no guarantee that the remaining coins in circulation will gain in value. It does not necessarily even reduce the total number of tokens outstanding in circulation, as the supply of tokens in circulation seems to fluctuate considerably.

Bitcoin is an example of why coin burning may not work. Bitcoin is capped at 21 million tokens; some analysts believe that this cap helps to contribute to the value of BTC.

XRP’s Growth soaring towards rapid Financial Growth!

The cost of XRP has soared by 55% to a 3 year high, owing to a boost for economic growth.

The latest cross-border payment processing development, as well as an increased force to boost global financial inclusion and participation, has caused a 55% rise in the cost of Ripple. The price of XRP has surged by 55% over the last couple of days even as the sixth-largest cryptocurrency by market cap reasserted the attempts to develop a sustainable and equitable cross-border payments system.

The increase in trading volume was motivated by a blog by Ripple named “Creating a More Financially Sustainable and Inclusive Future,” that explained how its venture has teamed up with “mission-driven fintech firms, prestigious universities, NGOs, organizations, and entrepreneurs to establish increased economic equality of opportunity and advantage to everyone.”On April 5, a new wave of buys responded effectively to Ripple’s official statement explaining the most recent addition intended to optimize the cross-border impact:

The latest reports have resulted in a 257 % in XRP market cap in the last two days, with an average 24hr volume of $5 billion exchanged on April 4 expanding to $18.4 billion exchanged on April 5. Analysts believe that relying on its rapidly increasing value, the cost of XRP may have room to grow further, as market and Twitter numbers remain high dramatically.

XRP holders are seeing another day of green candles, with the token up 18.36% in the past 24 hours to $0.968 apiece as of 2:30 p.m. EDT. On Aug. 9, the Senate blocked a provision in the newly passed $1.2 trillion infrastructure legislation that called for greater regulation of cryptocurrencies, sending the sector into a broad and extended rally.

Ripple, the company behind XRP, is also benefitting today from new development in its lawsuit from the Securities and Exchange Commission. Yesterday, despite the presiding judge’s insistence, the SEC refused to hand over evidence discovery documents to Ripple’s defense team.

Back in December, the SEC charged Ripple with offering unregistered securities amounting to $1.3 billion starting in 2013. Even though the lawsuit has gone nowhere and XRP’s market cap has ballooned to a level where its parent entity can offer tokens to settle, it severely damaged the reputation of the token. This is because Ripple’s greatest competitor is the Society for Worldwide Interbank Financial Telecommunication or SWIFT. SWIFT processes large-scale transactions across 11,000 financial institutions (such as the Federal Reserve) in more than 200 countries. Until Ripple resolves its allegations, not many global banks, treasuries, etc., would want to use the service if it’s not compliant with regulatory bodies.

Also read : Visa taking steps to encourage cryptocurrency for use in settlements!

NeOse Advance Can Detect Smell & Other Fragnances

What if you are a great fooder? It’s a universal fact that you can easily determine what is cooking at your or your neighbor’s home. How? The aroma coming during the cooking process lets people like you identify it. But, what if a robot or software, with the help of some sensors, identifies the odor. Strange, isn’t it? Aryballe, a French startup, has launched its new solution, NeOse Advance, which can detect several types of fragrances. In this Exhibit blog, we are going to talk about this new development more in detail, along with its working and potential application.

NeOse Advance

Ever watched the movie – Charlie and the Chocolate Factory? The scene of Willy Wonka and grandmother is awesome where both tell the other one how they smell like and why they like each one of them. But, the concerning thing here is NeOse Advance. According to Aryballe, this solution will find its application in the beverage and personal care industry. Aryballe has also developed a cloud-based network named Aryballe Suite to upgrade the features in this solution from time to time by adding digital signatures of other signatures.

Working of NeOse Advance

NeOse Advance is basically a sensor device that attracts the odor and aroma of different molecules using a chemical sensor and spectroscopy to analyze peptides. Through this, the controller attached to the sensor assigns a digital signature. The memory of this device collects the digital signature into it for its utilization as authenticity and quality check-up. The cloud storage of such data enhances access to understand and assess other digital signatures without even evaluating them at the local end.

Futuristic Nose & its Eye

NeOse Advance should eye upon every sector of the economy. Starting with home appliances can help people like you understand the leakage in the gas pipeline and generate prior alert signals for it. One can say the same for electrical appliances and when they are facing overloading. This gadget can also help traffic regulators and cops determine intoxicant consumption among drivers while driving. NeOse Advance can also help investigative and intelligence agencies to examine any crime scene in a better way for sure. In addition, Exhibit has laid out different domains where one can tap the usage of such devices apart from what Aryballe has expected.

Final Remarks

What Aryballe has built and developed is no less than a Eureka moment. This device can enhance its utility in every single thing. You name it, and you can imagine its importance for sure.

Electric Vehicle Charging Infrastructure: NITI Aayog’s Policy Review Part – 2

So far, we have discussed EVSE, Battery Capacity Segmentation, and Battery Swapping when we reviewed NITI Aayog’s Policy Document on Electric Vehicle Charging Infrastructure. If you missed all of these sections, along with concrete recommendations made by Exhibit, you could read all of them here. Let’s move on and go further with this document to assess what all things are here for you.

Public Charging Points

Not so important section, but you cannot ignore it. Well, it becomes important for stakeholders to think about bringing establishments and distance between such closest points. NITI Aayog has given the example of the EU and how they have kept different charging points or stations for several categories of vehicles. However, one should only see the good practices present in the EU countries and not adopt them as the conditions in India will be pretty different. In addition to this, Exhibit will also suggest you check how electricity for charging is getting produced. Even, Government and private players who will get involved in this domain need to ponder about green production of electricity. One such example is of setting up a Solar-powered electric vehicle charging station in Karnal (midpoint of Delhi and Chandigarh in the Delhi Chandigarh highway by BHEL).

Setting Targets

Don’t worry; you are not playing a cricket match where one of us has set a target for another. The Indian team had proved its mettle on Lord’s again a few days back when they defeated the England team by 151 runs. Since the core discussion is on electric vehicle charging infrastructure, we will stick to it. The Government of India, through different ministries, has set a target of where to install a charging station, be it in a public place, semi-public place, or private place. But, the issue is that again all this is going through different branches. Rather, the focus should be brought to a special-purpose vehicle or working group that will formulate everything in this sector. No doubt NITI Aayog has talked about nodal agencies and working groups. However, NITI Aayog has assigned different niches to them.

Assessing Demands

Trust me, but this section is very confined on which the policy formulation team has worked properly. Under this, NITI Aayog has laid out the assessment plan with which you as a stakeholder can understand the demand. NITI Aayog is right in its place to record data of how many vehicles are coming, along with the charging time it takes to refuel the batteries installed in EVs. Also, you have to examine the timeline to understand how this demand is increasing.

Leveraging Streets & Electricity Grids

NITI Aayog has also provided information on how a Germany-based startup has utilized the street poles to upgrade them and build mini charging points. Hence, there is optimum space for leveraging the street and its essential points where one recharges their EV batteries. And, to tap such poles for electricity, it becomes important to ponder electricity grid and street poles connection. But, if one thinks of such connections, one has to consider electricity tariff rates. For this purpose, all the state governments have to come up with a consolidated strategy. Consolidated strategy means instructing DISCOMS to establish a parallel framework or bring a new connection for such electricity supply.

Final Remarks on NITI Aayog Policy’s on Electric Vehicle Charging Infrastructure

No doubt, NITI Aayog has laid down a vibrant framework to ensure a country like India can create a conducive ecosystem. But, it also becomes necessary to work upon eliminating loopholes. For other Auto-Tech section articles, click here.

Electric Vehicle Charging Infrastructure: NITI Aayog’s Policy Review Part – 1

A few days ago, our Chief Editor, Ramesh Somani, came with a quote – Future is Electric. Yes, it is. As if Ramesh Somani has some sort of telepathy with one of the largest think tanks of this country – NITI Aayog. Why? Check out their website, and you will know why. Recently NITI Aayog has come up with their new handbook on Electric Vehicle Charging Infrastructure. Now, terracotta environmentalists can differ from me that EV policy is not going to help. The 6th IPCC Report also showcases that human effort towards a better future in terms of climate change is not helping a lot. But, EVs can turn around things and reduce the penetration of pollutants in your vicinity. Let’s know what this handbook is all about from this Exhibit blog.

Electric Vehicle Supply Equipment (EVSE)

If you don’t know what terminology I have just thrown towards you, let me make you understand it easily. Well, this EVSE is nothing but the core component of charging infrastructure. It’s like finding a charging station for your EV, like when you seek electric sockets to charge your smartphones. However, an EVSE has more niche than your smartphone charging point. It is because your EVSE is a public point and will not be present at your home. Hence, you must add more functionality, including user authorization, authentication process for charging, privacy, security, information storage, and network management for better regulations.

Segmentation based on Battery Capacity

Trust me; it’s an important section. Wherever you go to fill the tanks of your car in a pumping station, you get several choices – petrol, diesel, power, CNG, etc. A similar sort of consideration should come in the charging infrastructure prospect of an EV. Why? Now, your two-wheeler EV will not have the same battery capacity that your four-wheeler will hold. Even when the Government of India will think about EV trucks, situations will become more different. So, if anyone thinks to install a charging infrastructure on any land, one must also ponder battery capacity segmentation.

Battery Charging or Battery Swapping

EV battery charging methods will have different methods, consisting of AC or DC. Apart from this, the charging infrastructure must have a battery swapping facility if the lifespan of a battery finishes. But, it can be in a normal car repairing centre. No, it should not be there. You will like to know the reason for sure. See, many of these repairing centres will have the capital to go for such battery replacement. But batteries are a bit costly, and it won’t be possible for small repair centres. Thinking about the population of this country who will purchase EVs after the Vehicle Scrappage Policy, the demands for batteries will increase for sure. To meet such needs, charging infrastructure must add such facilities there.

Final Remarks & Lacunae in Electric Vehicle Charging Infrastructure

The Exhibit team has discussed hardly anything in the handbook that NITI Aayog has brought. So, I will get more editions for you by examining every aspect of this so-called future document, just like we did yesterday for these articles. However, before we wrap, this document can add some more facilities. Governments must think about installing computer vision cameras that can track the vehicle number of your car and integrate the same with the VAHAN portal to know its car details and accordingly give directions to a particular place where they can charge their batteries (due to different battery capacities). It is an age of automation, and charging infrastructure should have such arrangements. It will surely avoid a fuss even in an electric vehicle charging infrastructure.

Top 10 Mobile Apps for College Students: Part 1

Ahh, College! Gone were the days when the “Papa Kehte Hain ” song took people to their college days. PM Modi is constantly working on Atmanirbhar Bharat, but he forgets one crucial thing – Atmanirbharta or self-reliance comes when one joins a college and hostel. Trust me; it is what you will look upon where your second home teaches you every single thing in your life in bits and pieces. I am sure that even this year, many students are ready to make their move to their college, be it a virtual one, till the time vaccination reaches a major portion of the population. One of the major events that will happen with you is that some of you will get your smartphone and be ready to utilize it to the fullest. Let’s know what are essential apps for college students from this Exhibit blog.

Spotify

I am sure many of you know about this splendid application. This app is no less than a rockstar. Why? First of all, it can soothe you in finding your kind of song. Next, it has a wide range of podcasts that can help you during your college days. I was a passionate coder, so I found one podcast channel by Andres Arriaga. This channel can ensure that your coding journey is smooth. So, yes, this will be the first essential app that you will like to have on your smartphone. Exhibit has covered news on Spotify recently, which you can read from here.

Google Calendar

Some restless days can come for you when you know that you have not a single minute in a day for yourself. Yeah, sometimes your college schedule can create a complete ruckus for sure. Now, you will be reluctant to halt at any moment, but those situations will demand the relentless quotient in you. For those times, Google Calendar as a companion can help you a lot in optimizing time management.

EverNote

Hey, don’t move further if you think your smartphone allows you to get in-built notes making apps . No, you should not use it. Now, please don’t get offended as I am no one who will control you. But, I hold a strong reason. What? The best part about this app is that it allows smooth integration with your Gmail account to store these files on the cloud. I hope it is a concrete reason that can allow you to download this mobile app.

CamScanner or other Image to PDF Converter

Guys and girls, you need to go digital. Please don’t consider me as a right-wing politician. Digitization literally brings comfort to your life. A situation may arise when you need to borrow notes by taking pictures from your friend in one shot. You saved it as pictures and started reading them on your laptop (considering that it helps you give visualization), but you will sense the issue of closing one image and opening the other to read the notes. Instead, get something that can convert these bunch of images into PDF format files. Get any authenticated app that can help you in achieving this feat.

Any Payment App

You will be above 18. You will have your bank accounts. And, sometimes, it will happen that you don’t have money in your wallet, but you need to spend it on buying some commodities. Well, for that purpose, you need a payment app. Sometimes, you have to transfer it to a friend, and you have no energy or intention to go to your campus’s bank ATM to take out the cash. Download GooglePay, PhonePe, PayTM, etc., for such instances, whichever suits you the most.

Essential Apps for College Students

According to Exhibit, this one article is not enough to showcase some of the finest mobile applications that need to be present on your smartphone. Hence, Exhibit will come again with another edition with a second part (with bigger Mirzapur-type applications this time). Get ready to learn more on essential apps for college students.

Countering Drones: Assessing Drone Monitoring Technologies

Drones are love for some. Many of you have watched the movie “Uri” for sure. You have seen the potential of drones there. The market of drones has simply witnessed a boom and will take a CAGR of 55% by the time 2025 arrives. This market will have a business of around 63 billion USD. However, I am not here to discuss the drones business. The Exhibit will catch a different perspective this time to showcase what massacre it has created. Drones are currently coming into the news due to the series of attacks they are making. Recently, you have observed such incidents in the UT of J&K. Some claimed that drones bring some disadvantage against which it is getting used. Let’s get an idea on this domain and how to deter them by building resilient solutions.

Why are drones powerful?

First of all, you need to know that drones are not stand-alone instruments. It gets controlled remotely. Hence, you can increase and decrease after assessing the situation. A pilot in an aircraft may not get that time to decide what to do next unless clear instructions are not available due to the aircraft’s speed, which is in the multiple of Machs. Apart from this, a drone has better manoeuvering management than fighter aircraft and helicopters due to its small size. Remember, the maneuvering was done by the Uri movie team. They showed that Pakistan knew about some helicopters towards their side, and radar detection could have hampered the Indian contingent. But, that’s not the case with drones. Why? It is because drones have a small size and can easily pass the cross-sections of radars. The slow-motion profiles of these drones cannot generate a huge signal that can create an alert.

Drone Monitoring Technologies

DMTs are necessary in modern times considering the capability and deployment approach of our neighboring countries. So, what functionality should be there in DMTs? Well, you don’t need to create a separate platform for detection equipment. What to do then? Pretty easy. All you need is to enhance the working of radars. It means that you bring more niche in the framework of radars. And, one of the biggest niches will be the identification of objects. Now, drones being slow empowers them to go undetectable. But, if radar can identify each object and segregate them under birds and other unmanned aerial vehicles, it will be a great accomplishment. Apart from this, one can work tapping the communication signal between the UAV and controller. Hence, for this, one can use a radio frequency analyzer. But RF won’t be effective if someone is using autonomous UAVs against you.

Other Tactical Elements

RF and enhancing radar functionality is not the end of the world. Let’s empower you in this domain by allowing you to widen your horizon. Think about a drone. Does it make some sound? Yes, it makes it whenever it is moving. Hence, it must be generating some acoustic signals. Now, what if you detect such sound alerts and accordingly enhance your vigilance capability. Isn’t that great? Using acoustic sensors and some additional facilities you can identify the direction and movement of these UAVs. In addition to this, you also know that if any UAV enters your territory and you watch it, you are doing it with your eyes. So, what to do then? Well, here, some computer vision libraries attached to optical sensors can help you detect such events in a better way. It will also generate shreds of evidence that you can present to your enemy.

Concluding Remarks

I hope this edition has helped you understand drones in a better way and what one needs to do to detect them if, currently, they have the edge over us. The Exhibit will be back again with anti-drone technologies that can help you out in destroying such UAVs.

How is NFT changing the game of art ?

A non-fungible token or NFT is actually a collectible digital asset. It holds value in the form of cryptocurrency as well as in the form of representatives for art or culture.

NFTs are one-of-a-kind blockchain-based tokens used to store digital media (like video, music, or art)

NFTs exist on a blockchain, which is a distributed public ledger that keeps track of transactions. Blockchain technology and NFTs provide artists and content creators with a one-of-a-kind chance to digitize their work.

Uses of NFT:

NFTs can be used to represent items such as photos, videos, audio, and other types of digital files

Digital art

Digital art was an early use case for NFTs, because of the ability of blockchain technology to assure the unique signature and ownership of NFTs.

Collectibles

NFTs can represent digital collectibles like physical card collections, however in a completely digital format.

Games

NFTs can also be used to represent in-game assets, such as digital plots of land, which are controlled by the user instead of the game developer. NFTs allow assets to be traded on third-party marketplaces without permission from the game developer.

Music

Blockchain and the technology enabling the network have allowed musicians to tokenize and publish their work as non-fungible tokens. NFTs have provided the opportunity for artists and touring musicians to recuperate lost income

Sports

NFTs have also been used in sports, in September 2019, NBA player Spencer Dinwiddie tokenized his contract so that others can invest in it.

Those who may be perplexed by the trend may wonder why so much money is being spent on products that just exist in digital form and can be accessed by anybody for free.

What has been the market’s growth?

NFTs, which have been traded since roughly 2017, has seen a significant increase in 2021. In February, monthly sales on the NFT marketplace OpenSea reached $95.2 million, up from $8 million in January.

Why are you doing this now?

Some relate it to people being forced to spend more time at home on the internet due to lockdowns. NFTs, on the other hand, are a way for owners’ online friends to see their things.

Others are enticed by fast-rising prices and the potential of large profits. Many crypto billionaires have emerged in recent years, with Ethereum to spend.

What is their significance?

NFTs are seen as the future of ownership by enthusiasts. They predict that all types of property, from event tickets to houses, will be tokenized in this way at some point.

NFTs have the potential to answer the challenge of how to monetize digital artworks for artists. They can earn more money from NFTs since they can receive a royalty each time the NFT is sold after the initial sale.

NFTs have the potential to change music as well. The NFT lets fans purchase limited-edition vinyl or tickets to future Kings of Leon shows.

What are the potential dangers?

Because anyone can make NFTs, their scarcity does not ensure their worth. If the buzz fades, losses might mount.

Fraud is a possibility in a market where numerous people use pseudonyms.

Also read : All you need to know about Next.chain