Ethereum, the second largest cryptocurrency in terms of market capitalization, owes its success to its revolutionary technology, specifically the GAS system and intelligent contracts. As the cryptocurrency continues to see success, it is also facing competition from other cryptocurrencies with potential for wild price fluctuations and trading opportunities for eager investors.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has gained immense popularity due to its groundbreaking technology.
Ethereum was conceived by Vitalik Buterin in 2013 as a platform that enabled developers to build decentralized applications (dApps) on a blockchain network. Its key innovations include:
Ethereum's versatility and potential for innovation have attracted a wide range of developers, businesses, and users. It has become the foundation for many decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other blockchain-based solutions.
However, Ethereum has also faced competition from other cryptocurrencies and blockchain platforms, such as Solana, Cardano, and Polkadot. These newer platforms offer faster transaction speeds, lower fees, and different architectural approaches.
1. What is the difference between Bitcoin and Ethereum? Bitcoin is primarily a store of value and a medium of exchange, while Ethereum is a platform for developing and executing smart contracts.
2. What is the future of Ethereum? Ethereum is undergoing a major upgrade called Ethereum 2.0, which aims to improve scalability, security, and efficiency.
3. Why is the gas fee on Ethereum so high? Gas fees on Ethereum fluctuate based on network congestion and demand for block space. When there are more transactions than the network can handle, fees rise.
4. How do I buy Ethereum? Ethereum can be purchased through cryptocurrency exchanges, such as Coinbase, Binance, and Kraken.
5. Should I invest in Ethereum? Investing in cryptocurrency involves risk and requires careful research and due diligence. Ethereum has shown strong growth potential in the past, but its future performance is uncertain.
In his monthly radio address, PM Modi warned citizens about the increasing threat of digital arrest scams and urged them to be vigilant and aware. He also announced government plans to celebrate the 150th birth anniversaries of Sardar Vallabhbhai Patel and Birsa Munda and urged people to become a part of the campaign. Additionally, he spoke about India's progress in the animation industry and the rising trend of virtual reality tourism.
YouTube has recently partnered with Flipkart and Myntra to bring a new shopping feature for creators in India. Viewers can now purchase products from brands featured in videos directly from the description and 'Products' section. This move is a part of the new YouTube Shopping affiliate programme, available for eligible YouTubers in the country. With over 65% of viewers trusting YouTube creators over traditional celebrities, this new feature aims to enhance the shopping experience and make it more convenient for users.
During the recent Nvidia AI Summit 2024 in Mumbai, Reliance's Mukesh Ambani and Nvidia's Jensen Huang had a conversation on AI and India's role in it. In the chat, Ambani praised Mark Zuckerberg for making Meta's Llama AI model open source. He also added that this move "will be written in history" and give everyone an opportunity to participate in the AI revolution.
BSNL, India's state-owned telecom company, launched a range of new services including national Wi-Fi roaming, fiber-based intranet TV, direct-to-device connectivity, and a spam-blocking solution. The company is also offering its Fiber To The House customers free high-speed internet access at its hotspots. BSNL has also announced plans to launch 5G services and has successfully conducted trials for a 5G radio access network. However, there are concerns about the risk of negatively affecting legitimate calls and the potential for completely blocking them out with the company's spam-blocking solution.
WhatsApp has introduced a new update that allows users to seamlessly manage contacts on WhatsApp Web and the Windows app, removing the need to rely on smartphones. This update not only adds convenience for those who frequently use WhatsApp on computers, but also introduces a new option to save contacts exclusively on WhatsApp, improving organization. With upcoming plans to incorporate usernames for contact management, this update is set to enhance user privacy and convenience.
Realme officially announces the launch of its first Snapdragon 8 Elite flagship phone, the Realme GT 7 Pro, in India this November. This groundbreaking device boasts Qualcomm's cutting-edge 3nm Snapdragon 8 Elite chipset, promising industry-leading performance and AI capabilities. With a 50-megapixel quad camera setup, 6,500mAh battery and IP69 water and dust resistance, the Realme GT 7 Pro is set to redefine the high-end smartphone market and offer a seamless user experience.
Realme has announced that its upcoming flagship phone, the Realme GT 7 Pro will be powered by Qualcomm's latest Snapdragon 8 Elite chipset. The phone is expected to launch in mid-November and will also be available on Amazon India. It will succeed the Realme GT 6 and is designed with a gaming-centric approach to cater to the Indian market.
Sankara Eye Foundation India has introduced SAHAI, an AI voice-based feedback system for patients, using LLMs for 20 Indic languages. The system simplifies the feedback-gathering process, generating actionable recommendations and directing feedback to the appropriate teams for prompt resolution. With over 17,000 voice notes received since its launch, this innovative technology aims to enhance patient retention, service quality, and revenue for healthcare facilities in India.
The India Meteorological Department has issued a special message that a cyclonic storm, named Cyclone Dana, is expected to form over the Bay of Bengal by October 23. This is due to a low-pressure area forming over the east central Bay of Bengal and Andaman Sea, which is likely to intensify into a cyclonic storm by October 23. The system is predicted to reach the Odisha-West Bengal coasts by October 24, leading to rough to very rough sea conditions. The IMD has also advised fishermen to return to shore by October 21 to avoid potential hazards.
After garnering widespread acclaim with its Z Fold6 model, Samsung has now introduced an even more advanced foldable phone – the Galaxy Z Fold Special Edition. The device boasts of a 200MP wide-angle camera, a 6.5-inch cover display, and an 8.0-inch foldable screen, making it the largest foldable smartphone in Samsung's lineup. Available in South Korea for now, the Galaxy Z Fold Special Edition is expected to hit the Chinese market soon before potentially coming to other markets. Priced at 2,789,600 KRW or Rs 1,70,207 or $2,024, it may be slightly pricier than the Z Fold6 but offers a range of upgrades and enhancements, including a less visible crease when folded. Early buyers can also avail of discounts on other Samsung products with the purchase of this device.