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Gone are the dark ages. Information travels nearly at the speed of light. Only you are master to either make use or let go of this item.
This is applicable even when you have the bright idea to float a new digital coin. Considering the complexity involved and the man hours involved, you are not setting foot in charted waters.
But don’t be alarmed, this article is just right to help you on how to create a cryptocurrency. These are proven guidelines and well thought about.Beneficial steps when you consider to make your own cryptocurrency:
Sometimes a great infrastructure actually helps
You cannot always rely on human talent when you are out there to create own cryptocurrency. A great office with friendly resources will go a long way to keep your staff motivated.
Have a good taste and do not prefer a shady place for your office. Sometimes these minor things matter rather than a grand show.
Also read, Best Cryptocurrencies To Invest
Cut corners but do not be miserly
It is definitely important to manage money matters when launching a digital token or coin. After all, money is the key driver for a successful campaign.
You must develop the leadership ability to judge what is important to buy or invest and compromise on other luxuries. For example, investing on digital marketing subscriptions is good but not on a television which is not required for the staff.
It helps if you study the evolution of digital coins
When you make your own cryptocurrency you are essentially creating an alternate coin. So logic follows that a study of how other coins have evolved will add value to your undertaking.
Do not be put off telling there are thousands of coins and how can you possible study each of them. No, never do this. It does take effort and even if not word-to-word, build a generic awareness on coin development lifecycle.
Also Read, 7 Things You Should Know About Cryptocurrency Taxes
Give adequate technical support to your development team
Your development team has to be well updated with the latest techniques and tools. Invest in tutorials, knowledge transfers and other avenues to inform your team well.
With vibrant pieces of information, the development team can deliver well and fosters innovation. As software engineers working on digital coins, they should not be impaired by lack of scalability.
Website development, digital marketing skills are important
Now we come to the most interesting phase in your endeavor to create your own cryptocurrency. Website creation is often thought about as dry and difficult. Rest these worries and think about:
Am I keeping a website attractive and simple?
Do I have enough analytics that can help me drive traffic?
Have I considered aspects that can help me prevent hacks to my website?
Above are some minute pointers to a great operation. For website development you have to invest a lot of time and your personal effort.
Another equally important consideration is digital transformation, also called as digital marketing. Digital marketing involves:
Search engine optimization that can rank your website high
Analytics to help you track your effort
Social media build-up
All these are just tip of the iceberg. The emphasis is to give you an idea on what you are put up with. If you master these skills, the learning is immense.
Work hard on security in the beginning to prevent nasty surprises
Remember security is a salient parameter especially in software field. With smart contracts being positioned to deliver your goods, even a simple breach will leave you at loss. You should have a broad design phase to factor security.
You must also have a plan that if your offering fails, you can back out and not lose heavily. Easier said than done, do not consider this un-doable.
Also Read, Cryptocurrency Analysis: Premonitions And Foreboding
We can as far take you to the water source but making the attempt to drink is entirely your call. Similarly, these points are a pep talk to help you discover the effort involved. The actual implementation would require your full attention and enterprising nature.
Awesome! If you feel we struck the chord, do write back. We value your feedback.
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I think we’ve all heard the saying, “don’t reinvent the wheel” — as educators, we’ve probably even used it as an excuse to “teach” our students using someone else’s lessons or resources that we probably should have stopped using or, at the very least, updated. Go ahead and be frustrated with what I am implying – it’s likely because you know how much truth there is to what I’m saying.
For some reason, many of us refuse to take risks when it comes to how our lessons are put together: we’re creatures of habit, we “know what works”, we already have the whole unit done (hey, can I get a photocopy of that?) — there are more feeble explanations for our lack of creativity in addressing the needs of our learners (which will change every year!), but I’ll stop here.
It’s a cliché at this point, but we are living in a time where the creative possibilities are nearly boundless. We have tools that allow our students to be creative and expressive in how they demonstrate their understanding and, from our teacher’s perspective, we have tools that can energize and amplify our teaching in ways that we have yet to experience. This is all true IF we are willing to CREATE — and that’s where the problem lies in many cases. We seem to be looking for technology to replace our chúng tôi see, when we use text books, a tough day can equal a 30-minute teaching block where “open your text to page 45, read the first three paragraphs and do questions one to six in your notebook” is the lesson. We’re all human, so I think we can understand that on some days we wish we could tell our students to read independently for…about five hours. Yes, creating takes energy and practice and commitment (and that’s just the planning portion, we haven’t even delivered the lesson yet!) — but if we want to be great we will need to combine all of these things with the powerful mediums that we all have access to at this point.
As we move forward with our TLLP, I’m encouraging my team to not only use the tools available to us, but to be a model of CONTENT CREATION for our students. What does that mean? That depends. It could mean that we’re actually using Sway to present content to our students en route to having them learn how to create with it. It could mean that we go beyond using templates in Nearpod lessons and collaboration and move ahead into creating our own, from scratch! (Not with Scratch, that’s a whole different thing!).
Modelling being a content creator could be as simple as taking a lesson (even from the mathematics textbook!) and turning it into an interactive experience on the Smartboard — again, with our own creativity, using the tools available to us. It’s true that some of the most useful tools we’re seeing, like Seesaw, are labelled as “student driven”, but that doesn’t mean that we can cut out the modelling component for our students.
Of course, that means we have to learn how to create with these tools chúng tôi guess what, once you start you won’t be able to stop! The time commitment it takes to learn how to function within the virtual environment that most of these tools provide is minimal to moderate (depending on your personal comfort level with digital tools) — but the potential pay back is enormous and you’ll be helping to prepare your students for a future where the ability to think creatively and critically will be the most valuable skill.
Right now might be the best time in the past 15 years to tell a colleague or teaching partner: “we should reinvent the wheel!” Put it this way, Orville and Wilbur Wright obviously didn’t reinvent the wheel; they created something that could literally take us to places that the wheel could not. I’m excited to see what we’re able to create for the remainder of this school year and the places we’ll be able to go.
Are you getting Launch Error – Failed to get the process’ path while trying to play MultiVersus on your PC? MultiVersus is a recent free-to-play crossover fighting game that is developed by Player First Games. It is already getting popular amongst gamers and a lot of users love to play the game. But, some users have reported experiencing Launch Error with the error message Failed to get the process’ path.
This error could be triggered due to various reasons. It could occur if you are missing administrator rights to launch the game. Another common reason for this error is the corrupted Easy Anti-Cheat (EAC) software. Besides that, antivirus interference, outdated graphics drivers, corrupted game files, enabled VPN, and third-party application conflicts can be some other reasons causing the error at hand.
Now, if you are one of the affected users experiencing the same error when launching MultiVersus on your PC, this post is curated for you. Here, we will be mentioning fixes that will help you fix the Failed to get the process’ path error on MultiVersus.Fix MultiVersus Launch Error, Failed to get the process’ path
If you receive Launch Error “Failed to get the process’ path” when trying to play MultiVersus, you can try the below fixes:
Reboot your system.
Launch MultiVersus as an administrator.
Repair Easy Anti-Cheat (EAC).
Disable your antivirus.
Make sure your graphics driver is up-to-date.
Verify your game files.
Disable your VPN.
Troubleshoot in a clean boot state.
Let us discuss the above-mentioned solutions in detail.1] Reboot your system
The first thing you should do to fix the error is to restart your PC. There are some temporary glitches or errors in your system triggered by outdated cookies, cache, etc. In that case, restarting your system should fix it. Hence, simply reboot your computer and then try launching MultiVersus to check if the problem is gone or not.
If you still receive the same launch error, there might be some other cause of the error at hand. So, you can try the next potential fix to resolve the error.
Read: Rockstar Games Launcher Error Code 7002.1 with GTA 5 and RDR 2.2] Launch MultiVersus as an administrator
If rebooting your PC doesn’t work for you, try launching the game with administrator privilege. You might be getting the error due to a lack of sufficient permissions to run the game. Hence, if the scenario is applicable, you should be able to fix the error by launching the game as an administrator. In addition to that, you can try launching the game launcher (Steam) with admin rights and see if the error is resolved.
Here is the procedure to make Steam and MultiVersus run as an administrator always:
Firstly, make sure you have closed Steam and related processes.
Then, press Win+E to open File Explorer and then move to the Steam installation directory. You will find it at the following location by default: C:Program Files (x86)Steam
In the appeared Properties window, navigate to the Compatibility tab.
After that, you need to locate the executable file of MultiVersus which you will find in its installation directory. You will most likely find the application at the following location: C:Program Files (x86)Steamsteamapps
Now, repeat steps 4 and for the MultiVersus game.
Finally, try launching the game and see if the error is fixed or not.
If you still get the same error, you can try the next potential solutions to resolve the error.
RELATED: Fix Battlefield 2042 Easy Anti-Cheat Error Code 10011.3] Repair Easy Anti-Cheat (EAC)
There are some chances that this error might be triggered because of your Easy Anti-Cheat (EAC) software or the corruption associated with it. EAC is basically used to reduce cheating in online gaming. However, corrupted EAC software can cause a lot of errors and issues in your games. In that case, you can try repairing EAC and see if the error is gone or not.
You can follow the below steps to repair EAC:
Firstly, open Steam and go to LIBRARY to open your games list.
Next, follow the onscreen instructions to complete the repair process.
Once done, reboot your PC and run Steam and MultiVersus, and check whether the error is resolved or not.
If repairing EAC doesn’t work for you, try the next potential fix to resolve the Failed to get the process’ path error.
Read: Valorant Vanguard anti-cheat has encountered an error.4] Disable your antivirus
Your overprotective antivirus suite can be the main culprit behind the Failed to get the process’ path error in MultiVersus. It might be blocking the game from launching and triggering the error at hand. So, to check that, you can try disabling your antivirus temporarily and then launch the game. If the error doesn’t appear again, you can be sure your antivirus was causing the error.
Now, disabling your antivirus while playing the game is not recommended as it might invite viruses and malware to your system. Hence, you can try adding the MultiVersus game executable to the exception, exclusion, or whitelist of your antivirus. This will prevent your antivirus from blocking the game or related process.
If your antivirus is not the problem, you can move on to the next potential fix to resolve the error.
Read: Lost Ark Launch Error Code 23, Game client encountered an application error.5] Make sure your graphics driver is up-to-date
You can also use the Device Manager app using which you can update all your device drivers manually. Other than that, you can also get the latest version of your graphics driver from the official website of the device manufacturer and then install it on your system. Even using a free third-party driver updater to automatically update graphics and other device drivers is a good option.
Once you are done updating your graphics driver, reboot your PC and then try launching MultiVersus to check if the error is fixed or not.6] Verify your game files
You might experience the error at hand if the game files are corrupted, broken, or missing. So, if the scenario is applicable, all you have to do is verify and repair the MultiVersus’s game files. Steam provides a dedicated function to verify the integrity of game files. It will check for infected files and replace them with the clean ones available on the servers.
To verify and repair game files of MultiVersus on Steam, follow the below steps:
First, open the Steam app and move to its LIBRARY section to open up the list of your installed games.
Steam will initiate the game files’ verification process.
When the process is complete, you can try relaunching the game and see if the error is gone.
If the Failed to get the process’ path error still appears when launching MultIVersus, you can try the next potential fix to resolve it.
See: Unable to start the game on Ubisoft Connect.7] Disable your VPN
If you are using a VPN, try disconnecting it and then check if the error is resolved. Your VPN and Easy Anti-Cheat software might not go well together and thus, cause the error at hand. Hence, if the scenario is applicable, you should be able to fix the error by disabling your VPN. If the error still appears, you can move on to the next potential fix.8] Troubleshoot in a clean boot state
Another cause of the error could be third-party software conflicts. Hence, if the scenario is applicable, you can try performing a clean boot state and check whether it resolves the error or not. You can follow the below steps to perform a clean boot on Windows 11/10:
Firstly, press Win+R to open the Run dialog box and enter msconfig inside the Open box to bring up the System Configuration window.
Now, go to the Services tab and make sure to checkmark the Hide all Microsoft services checkbox. This will ensure that you do not disable any essential Microsoft services.
Lastly, reboot your computer and try opening MultiVersus to see if the error is fixed or not.
If the error still appears, we have one more fix for you. So, move on to the next potential solution.9] Reinstall MultiVersus
If none of the above fixes help you get rid of the error, you can try reinstalling the MultiVersus game to fix the error. This launch error might be triggered because of the corrupted installation of the game. Hence, uninstalling and then reinstalling the game should fix the error. You can follow the below steps to do so:
Firstly, open the Steam client and open LIBRARY.
Next, complete the uninstallation process by following the prompted guide.
When done, reinstall MultiVersus on Steam and launch it to check if the error is resolved.
Hopefully, this will fix the error for you.
Read: BLZBNTBNA00000012 Error has occurred while launching Call of Duty Warzone Pacific.Why is MultiVersus not launching or opening?
MultiVersus might not launch if your PC doesn’t meet the minimum system requirements. Apart from that, missing required administrator permissions can also cause the launch issue. Other than that, outdated Windows OS and graphics drivers can also be one of the reasons why MultiVersus is not launching. Other reasons for the same could be in-game overlays, weak internet connection, antivirus interference, and corrupted game files.How to fix MultiVersus not launching?
If MultiVersus is not launching, ensure that your PC fulfills the minimum system requirements to launch the game. You can also try opening the game as an administrator and see if the problem is resolved. Apart from that, update graphics drivers, make sure there is no internet problem, verify the integrity of your game files, disable the overlay apps, or disable your antivirus to fix the problem.Why is MultiVersus down?
MultiVersus servers might be down if there is a server outage issue. Or, it might be the case that the servers are under maintenance and thus, are down at the moment. So, to play the game, you will have to wait for the servers to be up and running again.
Now read: Elden Ring Easy Anti-Cheat Launch Error, Failed to initialize the game launcher.
Summer Internship: Getting to the Heart of the Matter Cardio testing lab welcomes SAR senior as part of team
Anubhav Nangia (SAR’15) became a valued team member when he interned this summer at a cardiovascular testing center at Brigham and Women’s Hospital. Photos by Cydney ScottInternships often play a critical role in job hunting as employers increasingly seek graduates with some real-world experience. A 2012 Marketplace and Chronicle of Higher Education survey found that employers place more weight on experience, particularly internships and employment during school, rather than academic credentials, when evaluating a recent graduate for employment. Name:
Anubhav Nangia (SAR’15)My internship:
I worked at the noninvasive cardiovascular imaging center at the Carl J. and Ruth Shapiro Cardiovascular Center at Brigham and Women’s Hospital in Boston.How I landed the internship:
I was recommended for it by a professor, applied, and was promptly accepted. I’d emailed the center’s supervisor, who said to come in for an interview, and I said, sure why not? I was accepted after a couple of days.A typical day on the job:
I’d arrive at the center by 7:45 a.m. When a physiologist was ready to test a patient, I would get the person from the waiting room and prepare him or her for the test. I performed standard treadmill tests, stress echocardiograms, and cardiopulmonary stress tests. Once I had obtained the patient’s consent, I would ask questions to document the medical history and enter the information into the computer.
I prepared patients for electrocardiograms (ECG), which involves the placement of electrodes on their chest and abdominal region. After briefing the physiologist on the patient’s history, we’d interpret the baseline ECG together. This was by far the most challenging aspect of the internship. Each ECG is unique, and the basic information I had learned about ECGs at school had not prepared me for the extensive analysis I performed at the center.
The test is always performed under the supervision of a physiologist. I had to constantly eye the ECG for any changes, while printing a 12-lead every three minutes, taking blood pressures, monitoring the patient’s progress, and documenting observations on the reports. It gets very hard to take a blood pressure after about nine minutes of exercise due to the surrounding noise and the patient’s movements. I had to communicate with the patient constantly to try and push him or her to maximal effort. The test stopped either at the request of the patient or when a physiological sign or signs that I was looking for has been attained. Those signs would depend on the patient’s history. Patients are monitored for eight minutes following exercise, during which blood pressure and ECG are constantly monitored. It took me time to get adjusted to maintaining a watch on so many aspects of the test.
Once the recovery period had ended, I would unhook the patient from the apparatus and help the physiologist with the final report. This required further interpretations of the ECGs obtained throughout the test. The entire process—from getting the patient to finishing the report—usually took about an hour.Career skills I acquired:
I strongly believe the following new skills I acquired will benefit my future in the health care industry.
I am now very good at taking relevant, detailed patient histories. I learned that casual conversation with patients puts them at ease and helps them to be thorough in the details they provide. A good history saves time for the physiologists.
Although I learned about electrode placement in theory in class, the practical side is quite different. Each patient has a unique body structure, which means that the electrodes must be adjusted to ensure a good voltage for the ECG. Since the patients’ blood pressure is taken manually and not digitally, it took a few attempts before the physiologists agreed that I was ready to take them on my own. I am now comfortable prepping any patient and have a good instinct for gauging the quality of the placement.
I have become good at taking blood pressures during exercise. Due to the surrounding noise of the machinery and patient’s movement, this was hard to learn. Thanks to the physiologists who hopped onto treadmills during their free time, I am now confident in my ability to measure the blood pressure of a patient at any stage of exercise.
I can efficiently use the software involved in stress tests at the Brigham.
My most remarkable achievement has been the ability to interpret ECGs independently. From knowing just the basic anatomy of an ECG to understanding terms like premature ventricular/atrial contractions, left/right bundle branch blocks, fusion beats, and so forth, I have come a long way. I am sure that this knowledge will benefit me immensely in medical school, should I go down that track.What it internship taught me about the real world:
I have developed an understanding of what it feels like to work in health care. Every patient who visits a hospital is unique. Health care professionals must do their best to ensure that patients feel relaxed and safe under their supervision. Their reaction to, observation of, and communication with, patients is crucial to the success of a clinical encounter.
Health care workers must not bring the stress of their personal lives into the workplace; it can negatively impact a patient’s experience. A couple of times during my internship, I was stressed out due to family issues. Luckily for me, I noticed right away that my personal troubles had wiped the smile off my face entirely. I made a conscious effort never to let such things bother me again.
I learned what it is like to work in a professional setting. Colleagues have certain expectations of each other with regard to workload, work ethics, and more, and it is important for everyone to align with them. Mutual respect in the workplace is imperative.
Contrary to popular belief, it is okay to make mistakes. The colleagues I worked with became my friends and mentors. I never hesitated to ask questions.
It is important to make the most out of every opportunity provided to you. Although I was required to work only 10 to 14 hours a week, I ended up working 21 a week to gain additional experience.Biggest mistake I made:
Sometimes, it is hard to take a blood pressure when the so-called Korotkoff sounds cannot be heard clearly. For one such patient, when I was taking a blood pressure during the recovery period, I underestimated the systolic pressure. This mistake caused the physiologist to be confused for several minutes, and we assumed that the patient was having a hypotensive response postexercise. But when the physiologist took additional blood pressures, she realized that my measurement was probably inaccurate.Most frustrating thing about the internship:
Nothing about the experience frustrated me per se; I enjoyed my time at the center thoroughly.My proudest accomplishment:
The ability to interpret ECGs independently. It takes a lot of training, and I am proud to have learned the necessary techniques and definitions so quickly.Most important lesson I learned:
Never hesitate to ask questions.My most surprising or unexpected experience:
The first time I was asked to take blood pressures of patients during exercise, I did not find it hard. All the physiologists were surprised and excited that I was able to learn to take them so quickly.What I learned about the real world that inspired or frustrated me:
When you work in a health care setting, everyone helps each other. You are never alone. You become part of a team trying to deliver the best possible service to patients.Overall grade and whether the internship lived up to my expectations:
The internship lived up to, and in fact exceeded, my expectations. My initial ambition of working in the health care industry was strengthened. I got incredible amounts of hands-on experience with patients and cherished the opportunity to participate in their treatment regimens, even if it was in a relatively small way. I was treated like any other employee at the center and was expected to perform to similar standards. Supported by an incredibly welcoming staff that was eager to teach, I now feel like a competent exercise physiologist.If I had it to do over, I’d…
Probably work longer hours to get the opportunity to learn even more.
Apply to internships that you are truly interested in. Do not work at a place simply because you want to boost your résumé. It will seem like a burden for you more than anything else. Be cordial and respectful at your job site. Try to meet as many people as possible. You never know when someone will turn out to be a great resource for you personally or professionally.
And don’t be afraid to ask questions. It is expected that interns are only getting their feet wet. You are not meant to be an expert in any way.
Tomorrow, part four of our summer internship series: Live from Lincoln Center.
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Let’s keep return-on-investment (ROI) and total-cost-of-ownership (TCO) in perspective. You cannot build a business with these hammers. Are they important? Yes. Insightful? Usually. But obsessive-compulsive TCO/ROI behavior is as unhealthy as obsessive-compulsive quality, learning or re-engineering behavior. Remember these?
The ultimate argument for a technology initiative is made in the business case. But key to good business cases is qualitative and quantitative data about the cost of a technology project’s entire life cycle and the strategic impact it will have on meaningful business processes. TCO is about cost and ROI is about benefit.
Let’s start with costs. There are acquisition costs, operational costs and softer costs that are by nature more difficult to quantify. Total-cost-of-ownership calculations should also include costs over the entire life cycle of a hardware or software product. Softer costs include the cost of downtime, internal consulting that comes from indirect sources, and costs connected with your degree of standardization.
TCO data is an essential part of any business case which should ultimately be driven by the strategic and/or tactical return you expect to get from your investment. In other words, TCO data drives return-on-investment (ROI) data — which, like TCO data — is both hard and soft.
Is it important to ask meaningful questions about why a business technology initiative exists — and what impact it will have on the business (if it goes well)? Of course. So why is there so much disagreement about ROI? Research suggests that while lots of ROI methods are used, by far the most popular are ones that calculate cost reduction, customer satisfaction, productivity improvement and contributions to profits and earnings. Two years is also considered by the majority of business technology executives as a reasonable time over which to measure ROI.
So what are the methods?
One of the easiest is based on a simple calculation that starts with the amount of money you’re spending on a business technology initiative (that includes TCO and other data) and then calculates the increased revenue or reduced costs that the investment actually generates. If a project costs a million bucks but saves two million then the ROI is healthy.
Another simple method is based on payback data — the time it takes to offset the investment of the business technology initiative through increased revenues or reduced costs. If the payback period is short — and the offsets are great — then the project is “successful.”
There are also methods based on economic value analysis or value added (EVA), internal rates of return (IRR), net present value (NPV), total economic impact (TEI), rapid economic justification (REJ), information economics (IE) and real options valuation (ROV), among too many others. Do we really need this much precision? (No.)
What about soft ROI? In the mid- to late-1990s, companies developed Web sites for a variety of reasons. First generation sites were essentially brochureware, where very few transactions took place. What was the ROI on these sites? They did not reduce costs: in fact, they increased them. Nor did they generate revenue. They were built to convince customers, Wall Street analysts, investors and even their own employees that they “got it,” that they understood that the Web was important. An significant intangible benefit? Absolutely.
While I think that anyone who launches a business technology project without any TCO and ROI data is insane, I also appreciate the need for balance and reasonableness. This is why there’s so much controversy about TCO/ROI. Lots of people think that too rigorous an application of TCO and ROI methodology will distort projects and perhaps even undermine business results. Others think that companies should know what to do instinctively and therefore shouldn’t need a whole lot of data to make sound business decisions. Some think that the last thing they need to do is launch a training program to get their people up to speed on the latest and greatest approaches to TCO and ROI, that the time would be better spent just working the projects; and there are those who think that the effort to collect and analyze TCO and ROI data is disproportionate to the returns.
What to do?
Simplicity — as usual — is our friend.
Adopt a flexible approach to TCO and ROI. TCO data should feed ROI data which should feed the overall business cases for business technology decisions. Hard data is always better than soft data, but soft data — if it can be monetized (like generating a premium for your stock price or enhancing your brand) — should also be analyzed.
The simplest approach to TCO data collection and assessment is a template that requires the collection of specific hard and soft data, and the simplest approach to ROI data collection and assessment is based on simple metrics that measure payback over a reasonable period of time. Payback should be defined around internal metrics — like cost reduction — and external ones, like improved customer service and profitability. Not too complex — but meaningful. Some projects will pay themselves back in a year, while others may take three. Beyond three, things get too fuzzy, so I’d re-think projects with anything longer than three-tier ROI tails.
TCO and ROI should not be used as clubs to bludgeon people: they should be used to inform decisions and monitor progress. (They should also play a role in the death of projects gone berserk) In other words, TCO and ROI questions should always be asked, but the answers don’t always need to be perfect.
Steve Andriole is the Thomas G. Labrecque Professor of Business at Villanova University where he conducts applied research in business/technology convergence. He is also the founder and CTO of TechVestCo, a new-economy consortium that focuses on optimizing investments in information technology. He can be reached at [email protected].
Here are 5 reasons for the current cryptocurrency market growth.
Amidst all the volatility, the cryptocurrency market is recovering well despite COVID-19 disrupting major world economies. When companies were facing the heat of the pandemic with their businesses taking a hit, several crypto and blockchain startups launched themselves to support the roaring demand of Bitcoin and cryptocurrencies. While many crypto exchanges and trading platforms surfaced from across the globe, they also managed to raise significant funding from investors to grow their market position, like CoinSwitch Kuber that recently raised a funding of INR 109 crore (US$15million – Series A funding) from big fintech players like Ribbit Capital, CRED, and Paradigm. Bitcoin, the largest crypto coin in the world,1. Green signal from institutions
What was once looked at with speculation, Bitcoin is now being accepted by2. Paypal crypto exchange
Paypal has approximately 350 million users. In 2023, Paypal launched a new feature that would allow its millions of users to3. The scarcity factor
Cryptocurrencies are made available in a limited quantity, even Bitcoin. But Bitcoin’s practice of halving its quantity adds a major boost to its value. It’s a basic economics principle, a scarce commodity is valued more than others because of its exclusivity. The Bitcoin network works because it introduces new coins through mining. In this process, Bitcoin miners verify Bitcoin blocks. Every 10 minutes, a miner verifies one block of transactions and adds it to the Bitcoin network to earn rewards. At present, the reward is 6.25 BTC per block, and this reward reduces by half every four years or after 210000 blocks mined. This slashing of Bitcoin rewards to half is known as Bitcoin halving. Since only 21 million Bitcoins are made available in the market, when the reward decreases there is less circulation in the market which increases the demand for the coin due to the scarcity factor. This, in turn, affects the value of other cryptocurrencies.4. Easy Accessibility
Initially, cryptocurrency was supposed to become a mode of payment. But now, it has also become a store of value. Even if users are unwilling to use cryptocurrency to make payments, they are ready to5. Acceptance from countries
Amidst all the volatility, the cryptocurrency market is recovering well despite COVID-19 disrupting major world economies. When companies were facing the heat of the pandemic with their businesses taking a hit, several crypto and blockchain startups launched themselves to support the roaring demand of Bitcoin and cryptocurrencies. While many crypto exchanges and trading platforms surfaced from across the globe, they also managed to raise significant funding from investors to grow their market position, like CoinSwitch Kuber that recently raised a funding of INR 109 crore (US$15million – Series A funding) from big fintech players like Ribbit Capital, CRED, and Paradigm. Bitcoin, the largest crypto coin in the world, fueled the cryptocurrency market by raising its market capital beyond US$1 trillion. Bitcoin has been bullish for the past few weeks now which contributed to 69% of the total market value. Bitcoin investors are cheering for this rally as Bitcoin plummeted during the crypto market crash and is now finally getting back to its pace. This is the same Bitcoin that reached its all-time high of US$60,000 in early chúng tôi how did the market undergo this successful correction? Here are five reasons that can sum up the chúng tôi was once looked at with speculation, Bitcoin is now being accepted by major institutions from around the world . Despite its volatility, the crypto coin is being considered a safe asset, making way for cryptocurrencies to earn a similar reputation. Recently, many public companies, like Square, an American payments company, and Microstrategy, a publicly listed US company, are converting their cash treasuries into cryptocurrencies by buying Bitcoins.Paypal has approximately 350 million users. In 2023, Paypal launched a new feature that would allow its millions of users to buy and sell cryptocurrency on the platform . This feature included the trading of crypto coins like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. This is a significant move for the crypto industry as Paypal was one of the sternest critics of cryptocurrency. Following Paypal’s suite, Venmo also launched a similar feature that allows its users to make crypto payments.Cryptocurrencies are made available in a limited quantity, even Bitcoin. But Bitcoin’s practice of halving its quantity adds a major boost to its value. It’s a basic economics principle, a scarce commodity is valued more than others because of its exclusivity. The Bitcoin network works because it introduces new coins through mining. In this process, Bitcoin miners verify Bitcoin blocks. Every 10 minutes, a miner verifies one block of transactions and adds it to the Bitcoin network to earn rewards. At present, the reward is 6.25 BTC per block, and this reward reduces by half every four years or after 210000 blocks mined. This slashing of Bitcoin rewards to half is known as Bitcoin halving. Since only 21 million Bitcoins are made available in the market, when the reward decreases there is less circulation in the market which increases the demand for the coin due to the scarcity factor. This, in turn, affects the value of other cryptocurrencies.Initially, cryptocurrency was supposed to become a mode of payment. But now, it has also become a store of value. Even if users are unwilling to use cryptocurrency to make payments, they are ready to invest in it like an asset . In countries like India where RBI is against cryptocurrency, investors are holding them for their value. Many platforms have also come up to make crypto as an asset easily chúng tôi many private investors and institutions are adopting cryptocurrencies as a means of payment, many governments are also coming on board to form crypto regulations. Countries like Japan, the USA, Germany, and El Salvador have taken a positive approach towards cryptocurrency. As a first, El Salvador decided to use Bitcoin as legal tender.
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