Every time a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change. Through this mechanism, blockchain ensures that every transaction is transparent to all users and also remains immutable once added. In essence, it provides a trustworthy record without the need for intermediaries.
The real breakthrough for blockchain technology came with the rise of Bitcoin, the world’s first cryptocurrency. Proposed by an unknown entity named Satoshi Nakamoto in 2008, Bitcoin offered a decentralised way to conduct transactions without relying on a central bank or single administrator. This independence from traditional banking and governmental systems was its most alluring charm.
The crypto boom — blockchain’s claim to fame
There’s no discussing blockchain’s journey without mentioning the astronomical rise of cryptocurrencies. As Bitcoin grew in prominence, so did the underlying technology that powered it — blockchain. It didn’t take long for venture capitalists and other market savants to realise the potential for making easy money with cryptocurrencies and NFTs.
By 2021, what began as a fringe experiment with Bitcoin had evolved into a global phenomenon with thousands of digital currencies vying for attention. This crypto boom did more than just turn heads; it signalled a seismic shift in how people perceived money, value, and decentralised systems.
Several factors contributed to the crypto explosion.
Distrust in traditional financial systems:
Post the 2008 financial crisis, there was growing disillusionment with centralised banking systems and fiat currencies. Cryptocurrencies, being decentralised and transparent, became an attractive alternative for many.
この記事は Open Source For You の October 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Open Source For You の October 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Helgrind: Detecting Synchronisation Issues in Multithreaded Programs
Let's explore how Helgrind can be used to detect and debug multithreading issues with the help of a multithreaded C program.
The Perfect Process of Booting a PC
Booting a PC seems as simple as eating a cake. But are you aware of all that goes on behind-the-scenes to bake a delicious cake or seamlessly boot a PC?
Exploring eBPF and its Integration with Kubernetes
eBPF, a game-changing technology that extends the capabilities of the Linux kernel, offers significant advantages for Kubernetes networking. It also greatly improves Kubernetes observability by capturing detailed telemetry data directly from the kernel. Read on to find out how its integration with Kubernetes has immense benefits.
Deploying Generative AI LLMs on Docker
Built on massive datasets, large language models or LLMS are closely associated with generative Al. Integrating these models with Docker has quite a few advantages.
Containerisation: The Cornerstone of Multi-Cloud and Hybrid Cloud Success
Open source containerisation software provides the flexibility, cost-effectiveness, and community support needed to build and manage complex multi-cloud and hybrid cloud environments. By leveraging this software, businesses can unlock the full potential of multicloud and hybrid cloud architectures while minimising vendor lock-in risks.
From Virtual Machines to Docker Containers: The Evolution of Software Development
Containerisation and Kubernetes have eased software development, making it faster and better. Let's see where these are headed, looking at trends that are making life easier for developers.
India's Leap in Supercomputing: Innovating for Tomorrow
As India strides towards self-sufficiency in supercomputing, embracing this evolution isn't just an option-it is pivotal for global competitiveness and technological leadership.
SageMath: A Quick Introduction to Cybersecurity
In the previous articles in this SageMath series, we delved into graph theory and explored its applications using SageMath. In this seventh article in the series, it is time to shift our focus to another crucial subfield of computer science: cybersecurity and cryptography.
Efficient Prompt Engineering: Getting the Right Answers
OpenAl's GPT-3 and GPT-4 are powerful tools that can generate human-like text, answer questions, and provide insights. However, the quality of these outputs depends heavily on how you frame the input, or prompt. Efficient prompt engineering ensures you get the right answers by designing inputs that guide the AI towards relevant, clear, and useful responses. Let's find out how to craft effective prompts with examples.
Analysing Linus Torvald's Critique of Docker
This article looks at Docker's security flaws, particularly its shared-kernel model, and contrasts it with traditional VMs for better isolation. It discusses Linus Torvalds' concerns, explores mitigation techniques, and proposes a roadmap for building a more secure containerisation platform using hardware-assisted virtualisation, true isolation, and a robust orchestration layer.