Could digital currencies put banks out of business?

The fintech that could bankrupt banks

For the first time you can imagine a modern world without banks. This is due to the emergence of central bank digital currencies and new payment platforms that are changing the way people spend and manage money. Although the impact of CBDC may not be felt immediately, these changes may have profound effects on consumer privacy, government power, and the stability of the entire financial system.

Could digital currencies put banks out of business?

Decipher the Digital RMB

There are also certain differences between digital renminbi and electronic payment tools: First, the digital renminbi is the country's legal tender and is the asset with the highest security level. Second, the digital renminbi has value characteristics, can transfer value without relying on bank accounts, supports offline transactions, and has the feature of "payment as settlement". Third, the digital renminbi supports controllable anonymity, which is conducive to protecting personal privacy and user information security. The white paper pointed out that China’s research and development of the digital renminbi system aims to create a new type of renminbi in digital form...

Hashrate Converter

Hashrate Converter
Hashrate Unit Hashrate Hashes per second
1 kH/s 1000 One thousand
1 MH/s 1,000,000 One million
1 GH/s 1,000,000,000 One billion
1 TH/s 1,000,000,000,000 One trillion
1 PH/s One quadrillion
1 EH/s One quintillion
1 ZH/s One sextillion
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Crypto,Digital Tech,Non-fungible Token

The tokenization of analog assets is different from digital assets

Don't confuse the tokenization of analog assets with digital assets. These are two completely different things.The former is when we use analog assets such as real estate, we use blockchain to automate ownership. Instead of using a lawyer, we converted the simulated assets and their ownership into a package we call tokens. The house is not digitized, it is still a house. We just used blockchain technology to automate the ownership information structure.The latter completely converts assets into digital form. For example, Bitcoin did not turn the U.S. dollar (analog asset) into a token. Bitcoin itself is an independent digital...
Crypto,Digital Tech,News

HIVE Ethereum and Bitcoin Growth Plans for 2021

HIVE’s current Ethereum production is over 3,000 Gigahash per second (“GH/s”) and has the potential to almost double after card upgrades of over 5,500 GH/s by the end of December 2021, and our current Bitcoin production is 544 Petahash per second, which we expect to double by early September 2021 to 1.0 Exahash per second (“EH/s”) and double again by Christmas 2021 to 2.3 EH/s.  Based on current ETH and BTC prices and difficulty in mining our revenue could be US$30 million per month when we have all our machines installed and mining.  (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”)...
Digital Tech

Why SaaS ?

SaaS stands for the software-as-a-service cloud computing model.  SaaS apps are typically accessed by users using a web browser.  The expansion of the Internet during the 1990s brought about a new class of centralized computing, called application service providers (ASP).  Software as a Service essentially extends the idea of the ASP model.  The cloud (or SaaS) model has no physical need for indirect distribution because it is not distributed physically and is deployed almost instantaneously, thereby negating the need for traditional partners and middlemen. Unlike traditional software, which is conventionally sold as a perpetual license with an up-front cost (and an optional ongoing support fee), SaaS providers generally...
Digital Tech

What is a REST API?

A REST API (also known as RESTful API) is an application programming interface (API or web API) that conforms to the constraints of REST architectural style and allows for interaction with RESTful web services. REST stands for representational state transfer and was created by computer scientist Roy Fielding. Automate Your API Tests with Postman Postman Beginner's Course - API Testing
Digital Tech

What is Node.js

Node.js is an open-source, cross-platform, back-end JavaScript runtime environment that runs on the V8 engine and executes JavaScript code outside a web browser. Node.js lets developers use JavaScript to write command line tools and for server-side scripting—running scripts server-side to produce dynamic web page content before the page is sent to the user's web browser. Original author(s)Ryan DahlDeveloper(s)OpenJS FoundationInitial releaseMay 27, 2009; 11 years ago[1]Stable release16.0.0[2]  / April 20, 2021; 4 days inC, C++, JavaScriptOperating systemz/OS, Linux, macOS, Microsoft Windows, SmartOS, FreeBSD, OpenBSD, IBM AIX[3]TypeRuntime environmentLicenseMIT License[4][5] 
Digital Tech

Artificial intelligence and algorithms: pros and cons Artificial intelligence and algorithms: pros and cons | DW Documentary (AI documentary) Developments in artificial intelligence (AI) are leading to fundamental changes in the way we live. Algorithms can already detect Parkinson's disease and cancer, and control both cars and aircraft. How will AI change our society in the future? This documentary journeys to the hot spots of AI research in Europe, the USA and China, and looks at the revolutionary developments which are currently taking place. The rapid growth of AI offers many opportunities, but also many dangers. AI can be used to create sound and video recordings...

Forget Coinbase! 3 Canadian Ether ETFs Just Went Live!

Canadians now have a quick and easy way to bet on Ether and Ethereum Landing today are the Purpose Ether ETF, the CI Galaxy Ethereum ETF, and the Evolve Ether ETF. The former two companies are behind Canada’s first and third Bitcoin ETFs, respectively. Purpose Investments, CI Global, and Evolve Funds have management fees of 1%, 0.4%, and 0.75% fees, respectively. If I had to pick one way to invest, I’d have to go with CI Galaxy’s offering, simply because it has the lowest fees and the fact that CI Financial is a large and well-known name in the financial services space. Similarly, the CI Galaxy...
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