Autor Cointelegraph By Jagjit Singh

Can memecoins be used as real currency?

Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight. Memecoin proponents claim that because they are decentralized, users have more control over their money and are protected from fraud and theft. Furthermore, memecoins leverage blockchain technology, ensuring transactions are securely recorded on a decentralized ledger, making them resistant to hacking and manipulation. Governments and central banks that implement measures to maintain stability, control inflation, and guarantee the integrity of the financial system support traditional currencies. Memecoins, on the other hand, are more vulnerable to increased volatility and market manipulation due to their decentralized structure and lack of governmental oversight.  Memecoins’ volatility is a source of worry because of their propensity for sudden, erratic price changes. As a result, using memecoins as a trustworthy medium of exchange or store of value may present difficulties. Nonetheless, these risks can be reduced with appropriate regulations in place, improving the security and dependability of memecoins as a medium of exchange. Finding the ideal mix between regulation and innovation is essential, though. Overregulation may hinder creativity and obstruct the growth of the memecoin ecosystem. Memecoins must be made safe and reliable over the long term to be a practical form of currency; hence, it is crucial to find a legal structure that addresses concerns while fostering innovation. Related: PEPE vs. DOGE: How the memecoins performed their first time hitting a $1B market cap

Čítaj viac

Quadratic funding: The future of crowdfunding, explained

In theory, quadratic funding could be an effective way to support journalism by encouraging a diverse range of people to contribute to creating news and sharing information. Regardless of their financial resources, a broad spectrum of people can be encouraged to contribute to journalism through quadratic funding. By increasing the diversity of viewpoints and voices in journalism, the quality and usefulness of the information can be improved. Quadratic financing can encourage journalists to create high-quality content by paying for efforts that garner community support. This incentivizes the production of journalism of the highest caliber. Accuracy, depth and investigative reporting can be encouraged, resulting in better informed, involved citizens. Large donors who might have predetermined goals or prejudices that could skew journalism’s messages and content can be less influential because of quadratic funding. Quadratic funding can ensure that the allocation is more representative of the community’s views and interests by depending on a wide base of modest donations. Quadratic fundraising platforms can encourage transparency by making it obvious how donations are distributed and enabling users to follow the development of funded projects. This can boost public confidence in journalism and foster closer ties between journalists and their readers. While quadratic funding encourages a diverse range of contributors, promotes high-quality content and lessens the influence of large donors, it also has drawbacks, such as difficulty determining the impact of journalism, the possibility of abuse, a lack of diversity, and the need for infrastructure and resources. Notwithstanding these difficulties, quadratic finance has the potential to be a useful instrument for sustaining journalism, but its conception and application need to be carefully thought out.

Čítaj viac

What are convolutional neural networks?

Several types of convolutional neural networks exist, including traditional CNNs, recurrent neural networks, fully convolutional networks and spatial transformer networks — among others. Traditional CNNs Traditional CNNs, also known as “vanilla” CNNs, consist of a series of convolutional and pooling layers, followed by one or more fully connected layers. As mentioned, each convolutional layer in this network runs a series of convolutions with a collection of teachable filters to extract features from the input image. The Lenet-5 architecture, one of the first effective CNNs for handwritten digit recognition, illustrates a conventional CNN. It has two sets of convolutional and pooling layers following two fully connected layers. CNNs’ efficiency in image identification was proved by the Lenet-5 architecture, which also made them more widely used in computer vision tasks. Recurrent neural networks Recurrent neural networks (RNNs) are a type of neural network that can process sequential data by keeping track of the context of prior inputs. Recurrent neural networks can handle inputs of varying lengths and produce outputs dependent on the previous inputs, unlike typical feedforward neural networks, which only process input data in a fixed order. For instance, RNNs can be utilized in NLP activities like text generation or language translation. A recurrent neural network can be trained on pairs of sentences in two different languages to learn to translate between the two.  The RNN processes sentences one at a time, producing an output sentence depending on the input sentence and the preceding output at each step. The RNN can produce correct translations even for complex texts since it keeps track of past inputs and outputs. Fully convolutional networks Fully convolutional networks (FCNs) are a type of neural network architecture commonly used in computer vision tasks such as image segmentation, object detection and image classification. FCNs can be trained end-to-end using backpropagation to categorize or segment images.  Backpropagation is a training algorithm that computes the gradients of the loss function with respect to the weights of a neural network. A machine learning model’s ability to predict the anticipated output for a given input is measured by a loss function. FCNs are solely based on convolutional layers, as they do not have any fully connected layers, making them more adaptable and computationally efficient than conventional convolutional neural networks. A network that accepts an input image and outputs the location and classification of objects within the image is an example of an FCN. Spatial transformer network A spatial transformer network (STN) is used in computer vision tasks to improve the spatial invariance of the features learned by the network. The ability of a neural network to recognize patterns or objects in an image independent of their geographical location, orientation or scale is known as spatial invariance.  A network that applies a learned spatial transformation to an input image before processing it further is an example of an STN. The transformation could be used to align objects within the image, correct for perspective distortion or perform other spatial changes to enhance the network’s performance on a specific job. A transformation refers to any operation that modifies an image in some way, such as rotating, scaling or cropping. Alignment refers to the process of ensuring that objects within an image are centered, oriented or positioned in a consistent and meaningful way.  When objects in an image appear skewed or deformed due to the angle or distance from which the image was taken, perspective distortion occurs. Applying several mathematical transformations to the image, such as affine transformations, can be used to correct for perspective distortion. Affine transformations preserve parallel lines and ratios of distances between points to correct for perspective distortion or other spatial changes in an image. Spatial changes refer to any modifications to the spatial structure of an image, such as flipping, rotating or translating the image. These changes can augment the training data or address specific challenges in the task, such as lighting, contrast or background variations.

Čítaj viac

How is artificial intelligence revolutionizing financial services?

The future of AI in finance is exciting, with the potential to improve efficiency, accuracy and customer experience. However, it will be essential for financial institutions to carefully manage the risks and challenges associated with the use of AI. The use of AI in financial services has the potential to significantly improve the sector. Several facets of finance have already been transformed by AI, including fraud detection, risk management, portfolio optimization and customer service. Automating financial decision-making is one area where AI is anticipated to have a large impact in the future. This could involve the examination of massive amounts of financial data using machine learning algorithms, followed by the formulation of investment recommendations. With AI, customized investment portfolios might be constructed for clients depending on their risk appetite and financial objectives. In addition, AI-powered recommendation engines could also be developed to offer customers targeted products and services that meet their needs. This could improve customer experience and satisfaction while also increasing revenue for financial institutions. However, there are also potential challenges associated with the use of AI in finance. These include data privacy concerns, regulatory compliance issues, and the potential for bias and discrimination in algorithmic decision-making. It will be important for financial institutions to ensure that AI is used in a responsible and ethical way and that appropriate safeguards, such as transparent algorithms and regular audits, are in place to mitigate these risks.

Čítaj viac

How to mitigate the security risks associated with crypto payments

There are various security vulnerabilities associated with using cryptocurrencies as payment methods, including the possibility of theft, hacks and fraud. For instance, hackers can take advantage of flaws in exchanges, wallets and transactions. Additionally, consumers who are the targets of scams or fraudulent transactions have little redress because cryptocurrency transactions are irreversible. The possibility of loss or theft is one of the biggest worries. Digital wallets, where cryptocurrencies are kept, are susceptible to hacking attempts, phishing scams and other cyberattacks. The money kept in a compromised wallet may be taken, and it can be difficult to get it back. Additionally, because cryptocurrency transactions are irreversible, the funds cannot be recovered if they are sent to an incorrect address or the wallet is compromised. The possibility of fraud is another security issue concerned with cryptocurrency payments. In order to deceive consumers into sending money to what seems like correct addresses, hackers can make phony websites or copy trusted websites. This is a phishing attempt, and because the false website is identical to the real one, it can be difficult to spot. Moreover, hackers have the ability to fabricate fake cryptocurrency exchanges or wallets in order to steal money from unwary customers. To steal a user’s digital assets, cybercriminals may try to use flaws in their computer or smartphone. To access a user’s digital wallet, they can employ a variety of techniques, such as phishing emails, spyware, ransomware and other cyberattacks. Cybercriminals frequently use phishing emails to lure people into clicking on malicious links or downloading risky files. The attacker gains access to a user’s digital assets after they click the link or download the file. Malware — e.g, crypto mining malware — is yet another approach that hackers frequently employ. Malware is intended to harm, interfere with or steal data from a computer system. It can be installed on a user’s computer through various means, including phishing emails, fake software updates and drive-by downloads. Ransomware encrypts user files and makes them inaccessible. After that, the assailant demands a ransom in return for the decryption key. There is no guarantee that the user will get the decryption key if they pay the ransom, and their digital assets could end up being permanently lost. Lastly, there is a risk of regulatory uncertainty. The regulation of cryptocurrencies is still limited, and they have different legal standing in every nation. As a result, consumers have little protection at their disposal, and pursuing legal action in the event of theft or fraud can be challenging. As a result, people who use cryptocurrencies as payment methods need to be cautious and take the right security precautions to safeguard their money.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy