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X reinstates Kanye Wests account after Musk banned him last year – TechCrunch

Image Credits: Edward Berthelot / Contributor / Getty Images

Social media platform X (formerly known as Twitter) has reinstated the account of Kanye West (who legally goes by Ye) after he was banned last year for posting a picture of a swastika merged with the Star of David.

Last December, months after Elon Musk took over the platform, Ye created a tweetstorm by posting a series of antisemitic comments along with a picture that violated the social networks rules. At that time, Ye also posted an unflattering picture of Musk, but the Tesla CEO clarified that the rapper-producer wasnt banned because of that.

Over the weekend, The Wall Street Journal reported that Yes account wont be eligible for monetization and ads will not appear next to his posts. Last week, X rolled out an ad revenue-sharing program with global creators. Creators will need to have at least 500 followers and will need to garner 15 million impressions over the previous three months to be eligible for the program.

Ye hasnt made any posts yet after his account was unbanned. However, the account was only restored after he gave assurance that he wont post antisemitic content or hateful language, the WSJ report said, citing an unnamed person familiar with the matter.

Musk, who is a self-proclaimed free-speech absolutist, has made controversial decisions about restoring certain accounts after he took over Twitter. The list includes former U.S. President Donald Trump, far-right influencer Andrew Tate, who was banned by Twitter for misogynistic comments, and right-wing academic Jordan Peterson. Most recently, Twitter faced criticism for restoring the account of Dominick McGee, who posted an image of child sexual abuse.

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"They need us. We don’t need them:" The fall of Twitter is making the … – Salon

COMMENTARY

Published August 1, 2023 6:00AM (EDT)

The grifters that make up the troll-industrial complex are not okay.

One can see the sheen of desperation in the world of self-identified conservatives who make a living by "triggering" the liberals. The usual dose of outrage bait isn't working as well any longer, so the right-wingers are escalating the provocations.Tucker Carlson, for example, gave a glow-up interview with manosphere "influencer" Andrew Tate, who is being held in Romania on charges of sex trafficking and rape. Daily Wire anti-trans provocateur Matt Walsh is selling plushies of himself clad only in a diaper, which he encourages people to give to children. Daily Wire founder Ben Shapiro, on the other hand, made a nearly hour-long video tantrum about "Barbie," complete with setting the dolls on fire. The clawing need to get attention from progressives seems to be driving these engagement farmers a little nuts, as they up the weird-and-evil ante, hoping to get those precious clicks and plays.

And it's not just those who openly align themselves with the right who seem more unhinged than usual. The "contrarian" class of trolls is, if anything, acting even more frantic. These are the people who claim not to be partisan Republicans or MAGA sympathizers, but whose online existence is largely, often exclusively, built around baiting liberals with reactionary opinions or disinformation. Some, like former New York Times writer Bari Weiss and former psychology professor Jordan Peterson, pretend they are being canceled for intellectual independence that invariably reads like standard right-wing talking points. Some, like fake presidential candidate Robert F. Kennedy Jr. or faux journalist Michael Tracey, repackage far-right disinformation as leftist politics. And some, like journalists Freddie deBoer or think tanker Matt Stoller, brand themselves as "socialists," mainly by discouraging people from backing Democratic candidates in elections.

Whatever flavor they come in, there are two things both Republican and not-a-Republican trolls have in common: First, their "professional" existence is defined by drawing negative attention from liberals. Second, by profiting off liberal outrage, they are giving Donald Trump and the MAGA movement a boost.

These folks, by design, are annoying all of the time, but lately, things seem to be getting worse. After being captured on tape spouting an anti-semitic conspiracy theory, Kennedy doubled down with an incoherent gripe about not getting Secret Service protection, which mainly appeared to be an excuse to dog whistle "14" and "88," which are understood as coded signals of support to neo-Nazis.

Tracey also leveled up the trolling over the weekend by repackaging Holocaust denialism as a "leftist" critique of the American military.

Less vile but still in the desperate-for-attention category: Stoller trying a "Gov. Ron DeSantis, R-Fla. is a leftist ally because he hates Disney" troll at Politico and deBoer snatching eye rolls and dunks with "Rep. Alexandria Ocasio-Cortez, D-N.Y., is a traitor to progressives" hot take at New York magazine. Neither opinion was worth the electricity needed to publish them, but both no doubt succeeded at the main goal of generating traffic through hate clicks. Weiss' latest gambit for attention, meanwhile, is even more cringeworthy: A "debate" over whether "the sexual revolution has failed" between a group of fake feminists and faux-socialists titled "A Clash of the Female Titans." (Well, at least the word "female" is accurate.) Sure, all three examples are technically off-Twitter, but it's hard to imagine they'd exist but for trying to get those "look at these assholes" social media shares.

"What Musk has proven through his actions and his statements is that he's committed to serving the trolls and the fraudsters first and the ordinary good faith users second."

The escalation of shock value tactics, on both the right and the pretending-not-to-be-right political classes, are likely rooted in the same cause: The slow motion collapse of Twitter, now rebranded "X," under the leadership of Tesla CEO Elon Musk. While these folks have various outlets, both in the media and social media, ultimately their business model of trolling depends heavily on Twitter.

"Grifters need people to harass and a mainstream discourse to counter. As traffic takes a nosedive and Twitter becomes less a part of the conversation, it's going to be harder for these folks to make money," Melissa Ryan, a strategist who helps counter online disinformation, told Salon.

Want more Amanda Marcotte on politics? Subscribe to her newsletter Standing Room Only.

"What Musk has proven through his actions and his statements is that he's committed to serving the trolls and the fraudsters first and the ordinary good faith users second,"explained Brian Hughes of American University, who is the co-founder ofthe Polarization and Extremism Research and Innovation Lab (PERIL). But, he noted, Musk is "blinded by his own ideology" and can't see how this is backfiring.

"Asnormal people, for lack of a better term, continue to leave Twitter, that's actually going to cause probably a reduction in the use of the platform by these trolls and these fraudsters. They don't have their audience of targets that they need," he continued.

All this, Ryan said, explains why the trolls "are getting more extreme and desperate." The pool of people available to get attention from is shrinking, so the only way to keep the engagement rates as high is to say wilder and nastier things. But eventually, there will be so few people on Twitter left to aggravate that even white nationalist dogwhistling and Holocaust denialism won't work.

By profiting off liberal outrage, they are giving Donald Trump and the MAGA movement a boost.

Even before Musk, Twitter was, in sheer numbers, a relatively small platform, with a user base a mere fraction of what Facebook, TikTok, or even Reddit enjoy. But to focus strictly on numbers misunderstands why the troll-industrial complex relied so heavily on Twitter. As Hughes told Salon, "Twitter was very important for what we call 'agenda-setting' in media studies." Because Twitter was the favorite platform of journalists, politicians, and other politically important figures, getting attention on there meant getting your message amplified, even (and often especially) if only by people mocking or arguing with you.

Hughes pointed to Kennedy as an example. With the pandemic fading in the rearview mirror, it's much harder for Kennedy, who made his name as an anti-vaccination conspiracy theorist, to keep getting media coverage. But by dishing out regular provocations on Twitter, Kennedy can keep his name in the media. "Otherwise," Hughes said, "he becomes more irrelevant."

Musk may feign confidence about his strategy on Twitter, but there are strong signs he's worried that the site's reputational decline is driving off the everyday users he needs in order to keep his beloved trolls active. The New York Times reports thatMusk has been threatening to suethe Center for Countering Digital Hate for reporting on the prevalence of bigotry on the platform. In response, the group's leader, Imran Ahmed, said that Musk wants "stem the tide of negative stories and rebuild his relationship with advertisers." It's a sign that Musk has run out of ideas. The reason people are leaving Twitter is not because they read a report on a non-profit's website. It's because they can see for themselves that Twitter is increasingly a ghost town dominated by a handful of trolls who get increasingly vile to make up for declining engagement numbers.

While it's a good thing to interrupt the supply chain of liberal outrage fueling the trolling-industrial complex, Hughes did caution that there are dangers from Twitter becoming the right-wing echo chamber. Some people get a "charge" out of "rallying against a scapegoat" or "getting high off of a sense of persecution or of persecuting others," he said. Pointing to QAnon as an example, he argued that these communities "don't need an audience of liberals to troll. They really just need each other." Trump's Twitter rip-off, Truth Social, shows that social media networks that cater only to this right-wing bubble may not scale to the point of profitability, but they are unfortunately good at radicalizing people.

Still, it's hard not to feel some joy, watching the Musk takeover of Twitter undermine the reach of the very trolls he was trying to empower. "It has to come as quite a shock" to "folks like Tracy, RFK Jr., and Weiss," Ryan said,"since Musk's Twitter was supposed to be a far-right paradise."

Hughes points out that some Twitter alternatives like Bluesky have revived that sense of joy some remember from Twitter in its days before professionalized trolling. "Political liberals, people on the left, centrists, moderates, people who are just hobbyists, they all have a lot more fun when the trolls and the propagandists aren't there to harass and defraud them," he said. Trolls, however, "can't have a good time at all if we're not there."

As Hughes notes, "They need us. We don't need them."

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Overcoming Data Privacy Challenges in the European Cloud … – Fagen wasanni

Overcoming Data Privacy Challenges in the European Cloud Computing Industry: A Comprehensive Guide

The European cloud computing industry is currently facing a myriad of challenges, with data privacy being at the forefront. As the industry continues to grow, so does the need for robust data protection measures. This article provides a comprehensive guide on how to overcome these challenges, ensuring that businesses can continue to leverage the benefits of cloud computing without compromising on data privacy.

The General Data Protection Regulation (GDPR), which came into effect in 2018, has significantly impacted the European cloud computing industry. The regulation mandates strict data protection and privacy for all individuals within the European Union (EU) and the European Economic Area (EEA). It also addresses the transfer of personal data outside these regions. While GDPR has been instrumental in safeguarding data privacy, it has also posed significant challenges for cloud service providers and their customers.

One of the primary challenges is ensuring data sovereignty. Data sovereignty refers to the concept that information is subject to the laws and governance structures within the nation it is collected. With cloud computing, data often traverses multiple jurisdictions, making it difficult to ensure compliance with various data protection laws. To overcome this, businesses can opt for local cloud service providers that guarantee data storage within specific geographical boundaries. Alternatively, they can use global providers that offer regional data storage options.

Another challenge is data security. While cloud service providers typically have robust security measures in place, the shared responsibility model of cloud computing means that customers also have a role to play in securing their data. Businesses can overcome this challenge by implementing strong internal security measures, such as encryption and multi-factor authentication. They should also conduct regular security audits and ensure that their employees are adequately trained in data protection practices.

Transparency is another critical aspect of data privacy. Businesses need to know where their data is stored, who has access to it, and how it is being protected. To ensure transparency, cloud service providers should provide detailed information about their data handling and security practices. They should also offer tools that allow customers to monitor and control their data in real-time.

Lastly, businesses need to be prepared for data breaches. Despite the best security measures, breaches can still occur. To mitigate the impact of a data breach, businesses should have a comprehensive incident response plan in place. This plan should outline the steps to be taken in the event of a breach, including notifying affected individuals and relevant authorities.

In conclusion, overcoming data privacy challenges in the European cloud computing industry requires a multi-faceted approach. Businesses need to understand their responsibilities under GDPR and other data protection laws, implement robust security measures, ensure transparency with their cloud service providers, and be prepared for potential data breaches. By doing so, they can continue to reap the benefits of cloud computing while ensuring the privacy and security of their data.

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$30,000,000,000,000 Wave of Capital Could Send Bitcoin Into Next Bull Run, Says Mark Yusko Heres His Outlook – The Daily Hodl

Morgan Creek Capital Managements Mark Yusko is declaring that crypto spring is already underway and that the approval of a Bitcoin (BTC) exchange-traded fund (ETF) will be the spark that lights the next bull run.

In a new interview with crypto influencer Lark Davis, Yusko says that he believes crypto spring began on June 15, exactly one year after he believes crypto winter ended.

With the market looking for bullish catalysts, Yusko says that a Bitcoin ETF will be hugely positive for BTC and the overall crypto space.

Yusko points out that BlackRock, the biggest asset manager in the world, has virtually a 100% success rate of getting ETFs approved, and will likely continue its streak with its Bitcoin application.

Of course its a good thing. Because it will be approved. BlackRock is 475 and 1. Theyve made 476 applications for ETFs, theyve had 475 approved. This ones going to get approved. Now, does Bitwises or Amuns Do they get theirs first because they were in line first? Im going to say no, and that sucks, but Im going to say theyll be some weird reason why BlackRock goes to the head of the line. Its just the way it is. When you have $10 trillion in assets, you get special privileges.

The Bitcoin bull says that the BlackRock ETF could unleash a $30 trillion market of institutional investors that would then have access to Bitcoin after previously being hesitant due to regulatory uncertainty. If the ETF is able to get one-tenth of 1% of those assets, Yusko says it would certainly move the needle on Bitcoin given its low free float, or BTC that are actually available for trading.

$30 trillion. Lets get one-tenth of one percent. $30 billion. $30 billion on $600 billion, thats not much Mark, that wont do anything. Ah, [but] its not $600 billion. The free float is more like $100-$150 billion. $30 billion on $150 billion? That will move the needle. And if we get 1% instead of ten basis points, thats $300 billion. $300 billion on a $150 billion, thats a big ass number.

When BTC goes back to its all-time high, Yusko says he doubts there will be a long lineup of people waiting to sell. He predicts much less free float and much less sell pressure on Bitcoin once it reaches the $50,000 to $60,000 range.

People get more convinced that they want to HODL forever as the price rises, and they dont panic. So if the price goes back to $50,000 or $60,000, I think theyll be less free float, not more. I dont think theres a lot of people out there that are going to be selling. I think what you see with the daily selling is just the same people buying and selling over and over, the bots, the high frequency traders

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What is Channel Splicing in Bitcoin’s Lightning Network? – Bitfinex … – Bitfinex

31 Jul What is Channel Splicing in Bitcoins Lightning Network?Posted at 13:34hin Educationbyadmin

Splicing is an advanced feature of the Lightning Network, a second-layer payments network designed to boost the speed, scalability, and efficiency of Bitcoin. Splicing allows users to increase or decrease the capacity of their existing payment channels on the Lightning Network, either by adding or withdrawing funds, without having to close the channel entirely.

Lightning channel splicing is an exciting new addition to Bitcoins Lightning Network which promises to offer a whole new realm of possibilities for Lightning Network and Lightning wallets. So what exactly is channel splicing?

In the Lightning Network, two parties open a payment channel by committing a funding transaction to the Bitcoin blockchain. Traditionally, if one of the parties wanted to add or withdraw funds, they would need to close the current channel and open a new one, which could be inefficient and costly due to Bitcoins transaction fees.

Splicing, on the other hand, allows the parties to add or remove funds from an existing payment channel without closing it. The term splicing comes from the notion of cutting and rejoining the channel with added new capacity. Heres how it works:

To add funds (splice in), the participants jointly create a new transaction that spends the original funding transactions output and adds additional funds. This new transaction becomes the new funding transaction for the channel, and the channels capacity is increased accordingly.

To withdraw funds (splice out), the participants create a new transaction that spends the original funding transactions output and sends some of the funds to another on-chain address (effectively withdrawing them from the channel). The remaining funds become the new funding transaction for the channel, and the channels capacity is reduced accordingly.

The splicing operation requires an on-chain transaction, but the channel itself does not need to be closed and reopened, and the channels off-chain transaction history is preserved. This makes it much easier and more efficient for participants to manage their funds on the Lightning Network.

Splicing enhances the flexibility and convenience of the network, creating a more dynamic and seamless user experience. With the increased adaptability provided by splicing, Lightning Network channels can adapt to a wide range of transaction needs, reducing the need for network congestion and on-chain transactions.

Channel splicing greatly enhances user experience on the Lightning Network by introducing a layer of flexibility and efficiency to the management of payment channels. Heres some examples of UX improvements users can expect as channel splicing becomes more widely adopted by wallets and Lightning Service Providers.

Seamless Transactions: With splicing, users can add or remove funds from their channels without closing them. This creates a more seamless transaction experience because users no longer need to disrupt their payment channels to manage their funds.

Reduced Costs: Traditionally, adding or withdrawing funds from a channel would require closing the current channel and opening a new one, incurring transaction fees twice on the Bitcoin blockchain. Splicing significantly reduces these costs because it only requires one on-chain transaction, making the Lightning Network more economically efficient for users.

Efficiency and Speed: Since splicing transactions are simpler than closing and reopening channels, they can be confirmed more quickly on the Bitcoin blockchain. This results in a more efficient and faster user experience.

Flexibility: With splicing, users have the flexibility to adjust their channel capacity based on their current needs. This could be especially useful for businesses or users who see fluctuations in their transaction volume and need to adjust their channel capacity accordingly.

Liquidity Management: By allowing users to add or remove funds without closing the channel, splicing can improve liquidity management. This is particularly useful in scenarios where the users balance in a channel or receiving capacity are running low and they wish to continue transacting without interruptions.

By enabling a more seamless, cost-efficient, and adaptable transaction experience, channel splicing significantly improves the user experience on the Lightning Network.

The concept of channel splicing in the Lightning Network has been around for several years and has been discussed as a key feature to be implemented to improve the functionality of the network. Its more recently begun to gain some traction and we are starting to see the first efforts towards integrating channel splicing emerge from several popular Lightning Network projects, services, and Lightning implementations.

Several Lightning Network implementations, such as LDK (by Spiral, owned by Block), LND (Lightning Network Daemon by Lightning Labs), CLN (by Blockstream), and Eclair (by ACINQ), have been recently implemented advanced features like channel splicing.

Lightning wallets, Lightning Network-enabled exchanges, and other services building on top of the Lightning Network could also benefit from splicing. These could include wallets like Phoenix, Bitkit, and Breez. Among Lightning developers, channel splicing has been discussed and in development by several Lightning Network implementation teams for some time.

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Bitcoin Gold (BTG) gains 60% in one day By Crypto.news – Investing.com

Crypto.news - Bitcoin Gold (BTG), a cryptocurrency infamous for being one of the select few that fell victim to a 51% attack, has been aggressively rising over the last few days.

Bitcoin Gold went from $13.38 on July 30 to $21.41 today, July 31 a 60% rise in one day, CoinMarketCap data shows.

While the increase in price is notable on its own, the increase in volume has also drawn a lot of attention. The volume went from about one million when the price was about to start increasing on July 30 to $347 million on July 31 a 34,600% increase.

Despite the sharp value increase, Bitcoin Golds current price of $19.08 is still a far cry from its all-time high of nearly $500 reached in 2017. The current price is over 95% lower than its record price.

Bitcoin Gold has never fully recovered after its fell victim to a successful 51% attack and a double spend. It was largely inactive even before the attack, with the GitHub repository of its official client lying mostly dormant since 2019.

Bitcoin Gold client contributions chart

There is no clear reason for the sudden rise in Bitcoin Golds price, with the most likely culprit being pure speculation. BTG is currently trading over its resistance at $19.05, and its support is at $13.25 which provides a possible technical explanation for a traders rise in interest in this coin.

This article was originally published on Crypto.news

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Education Lies Beneath the Clouds of Earth Observation – Eos

Editors Highlights are summaries of recent papers by AGUs journal editors.Source: AGU Advances

Remote sensing with satellites, or Earth Observation (EO), is becoming more and more prevalent, with open access to near real-time data. Due to its wide availability, EO data has become indispensable for addressing Earths and societys most pressing problems. Most applications are now being done through cloud-computing because of its many natural advantages, including open-access software, powerful computers, and a broad user community.

Crowley et al. [2023] provide a road map for educating future problem-solvers and users of cloud-based EO. They propose that, in addition to ensuring strong technical fundamentals, the opportunities provided by cloud-based EO should also ensure that ethical considerations and how to engage with the community of users, the public, and stakeholders are taught.

Citation: Crowley, M. A., Stuhlmacher, M., Trochim, E. D., Van Den Hoek, J., Pasquarella, V. J., Szeto, S. H., et al. (2023). Pillars of cloud-based Earth observation science education. AGU Advances, 4, e2023AV000894. https://doi.org/10.1029/2023AV000894

M. Bayani Cardenas, Editor, AGU Advances

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Alphabet bets on generative AI as cloud boosts Q2 revenue – CIO

Alphabet on Tuesday reported a 7% increase in revenue for the quarter ended June driven by the growth in its cloud computing division, Google Cloud.

The company posted revenue of $74.6 billion compared to $69.7 billion in the corresponding period last year. Net income for the company rose to $18.36 billion from $16 billion during the same period last year.

Despite macroeconomic uncertainty affecting customers cloud expenditure, Google Cloud maintained its growth momentum, reporting a 28% increase in revenue. The divisions net sales stood at $8 billion compared to $6.27 billion for the same period last year.

For the quarter ended March, the units revenue grew 28% to reach $7.45 billion.

Google Cloud reported an operating profit of $395 million for the quarter ended June compared to an operating loss of $590 million for the same period last year.

The previous quarter had seen the division post its first-ever operating profit since inception.

The increase in operating profit, according to Alphabet CEO Sundar Pichai, can be attributed to the companys progress in data center machine efficiency.

Alphabets new AI-based services and offerings were the biggest contributors to Google Clouds growth momentum, according to Pichai and other top executives at Alphabet.

Our new generative AI offerings are expanding our total addressable market and winning new customers. We are seeing strong demand for the more than 80 foundational models, including third-party and popular open source in our Vertex, search, and conversational AI platforms, with the number of customers growing more than 15x from April to June, Pichai said during the earnings call, according to a transcript from The Motley Fool.

Pichai said more than 70% of generative AI unicorns are Google Cloud customers, including Cohere, Jasper, and Typeface.

Generative AI capabilities, according to the company, have also helped it to win new Google Workspace customers as the productivity suite saw increases in both seats and average revenue per seat for the quarter. The company is expected to add new generative AI capabilities to its Search and Google Ads offerings.

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A New Era of Data Management: The Growing Importance of Global … – Fagen wasanni

Exploring the New Era of Data Management: The Crucial Role of Global SSD Controllers in Cloud Computing

As we usher in a new era of data management, the role of global Solid State Drive (SSD) controllers in cloud computing is becoming increasingly crucial. The rapid evolution of technology and the exponential growth of data have necessitated a shift from traditional data storage methods to more advanced and efficient systems. This shift has seen the rise of SSD controllers as a key component in the management and storage of data in the cloud.

SSD controllers are the heart of any SSD. They are responsible for executing all the operations in an SSD, including reading and writing data, error correction, and wear leveling. The global SSD controller is a sophisticated piece of technology that ensures the smooth operation of the SSD, thereby enhancing the overall performance of the cloud computing system.

The importance of global SSD controllers in cloud computing cannot be overstated. They play a pivotal role in ensuring the speed, reliability, and efficiency of data storage and retrieval in the cloud. With the increasing demand for real-time data access and the need for high-speed data processing, the role of SSD controllers has become even more critical.

One of the key advantages of SSD controllers is their ability to provide high-speed data access. In todays fast-paced digital world, the speed of data access is of paramount importance. Businesses and individuals alike rely on quick and efficient data access to carry out their daily operations. SSD controllers, with their advanced technology, ensure that data is accessed and processed at lightning speed, thereby enhancing productivity and efficiency.

In addition to speed, SSD controllers also offer reliability. They are designed to withstand harsh conditions and are less prone to mechanical failures compared to traditional hard drives. This makes them an ideal choice for cloud computing, where data integrity and reliability are of utmost importance.

Moreover, SSD controllers are known for their efficiency. They consume less power compared to traditional hard drives, making them a more sustainable and cost-effective option for data storage in the cloud. This is particularly important in todays world, where there is a growing emphasis on sustainability and cost-efficiency.

The growing importance of global SSD controllers in cloud computing is a testament to the rapid advancements in technology and the increasing demand for efficient and reliable data management systems. As we continue to generate and consume data at an unprecedented rate, the need for advanced data storage solutions like SSD controllers will only continue to grow.

In conclusion, the new era of data management is characterized by the growing importance of global SSD controllers in cloud computing. Their role in ensuring high-speed data access, reliability, and efficiency makes them a crucial component in the management and storage of data in the cloud. As we move forward, we can expect to see even more advancements in SSD controller technology, further enhancing the capabilities of cloud computing and paving the way for a more efficient and reliable data management system.

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Decentralization And Security: How Bitcoin’s Blockchain Protects … – Dataconomy

The blockchain used by Bitcoin is a decentralized, secure system essential for protecting transactions. In a decentralized network, transactions are governed by a distributed ledger maintained by a network of nodes rather than a central authority or middleman.

The complete blockchain is replicated on each node and consensus algorithms validate and record transactions. Blockchain is more censorship-resistant, secure and robust due to this absence of central authority. Decentralization also guarantees that no organization has control over changing the blockchains history, which promotes confidence and transparency in the system.

The consensus processes that makeup Bitcoins blockchain, including Bitcoin stock, are essential for securing and confirming transactions. To add new blocks to the blockchain, miners compete to find solutions to challenging mathematical puzzles using the Proof of Work (PoW) consensus mechanism. The ability to validate transactions is granted to the first miner who cracks the problem, and they also get paid in bitcoins. PoW makes ensuring the blockchain is safe and resistant to efforts at double-spending and manipulation.

On the other hand, Proof of Stake (PoS) is a different consensus process gaining acceptance. In this system, validators build new blocks based on the number of coins they own and stake as security. PoS ensures security and transaction validation like PoW but with lower energy usage.

The immutability and accountability of the Bitcoin blockchain enable trust and transparency. A transaction becomes immutable, which means it cannot be changed or removed, once it is included in a block and then added to the blockchain. This immutability is made possible via cryptographic hashing, in which each block has a distinct hash that encodes its contents and the hash before.

The integrity of the blockchain is maintained since any modification to a block would result in a change to its hash, rendering it invalid. Blockchains transparency also allows anybody to observe all transactions and blocks, improving accountability and offering a verified record of all network events. These characteristics foster system trust and eliminate the need for middlemen in financial transactions.

The Bitcoin blockchain uses cryptographic methods to protect user privacy and guarantee secure transactions. Cryptographic addresses are used to identify users on the blockchain. These addresses offer a degree of pseudonymity, making it difficult to directly identify transactions to particular people.

Personal identities are hidden behind these cryptographic addresses, even if transactions are accessible to everyone on the public ledger. To ensure safe data transfer, each transaction is encrypted using public and private keys. All o this makes Bitcoin an attractive option for secure and private digital transactions.

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