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How Internet of Things Work (IoT)?


An Internet of Things ecosystem consists of web-enabled smart devices that use embedded processors, sensors and communication hardware to collect, send and act on data they acquire from their environments. IoT devices share the sensor data they collect by connecting to an IoT gateway or other edge device where data is either sent to the cloud to be analyzed or analyzed locally. Sometimes, these devices communicate with other related devices and act on the information they get from one another. The devices do most of the work without human intervention, although people can interact with the devices – for instance, to set them up, give them instructions or access the data. The connectivity, networking and communication protocols used with these web-enabled devices largely depend on the specific IoT applications deployed.

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What is Bitcoin Mining Actually Doing?


What is the point of Bitcoin mining? This is something we're asked every day!

There are many aspects and functions of Bitcoin mining and we'll go over them here.

They are:
Issuance of new bitcoins
Confirming transactions
Security

What is Bitcoin Mining?


Bitcoin mining is done by specialized computers.

The role of miners is to secure the network and to process every Bitcoin transaction.

Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”).

For this service, miners are rewarded with newly-created Bitcoins and transaction fees.

What is the Internet of Things?


What is the Internet of Things?

The internet of things or IoT is a system of interrelated computing devices, mechanical and digital machines, object, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

A things in the internet of things can be a person with a heart monitor implant, a farm animal with a bio chip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low or any other natural or man-made object that can be assigned an IP address and is able to transfer data over a network.

Increasingly, organizations in a variety of industries are using IoT to operate more efficiently, better understand customers to deliver enhanced customer service, improve decision making and increase the value of the business.


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How do cryptocurrency wallet work?


Hi.
Good Morning,

How do cryptocurrency wallets work?

Contrary to popular belief, crypto wallet don’t truly store cryptocurrencies. Instead, they provide the tools required to interact with a blockchain. In other terms, these wallet can generate the necessary information to send and receive cryptocurrency via blockchain transactions. Among other things, such information consists of one or more pairs of public and private keys.

The wallet also includes a public address, which is an alphanumeric identifier that is generated based on the public and private keys. Such an address is, in essence, a specific “location” on the blockchain to which coins can be sent to. This means you can share your public address with others to receive funds, but you should never disclose your private key to anyone.

The private key gives access to your cryptocurrencies, regardless of which wallet you use. So even if your computer or smartphone gets compromised, you can still access your funds in another device – as long as you have the corresponding private key (or seed phrase). Note that the coins never truly leave the blockchain, they are just transferred from one address to another.