Connect with us

Gadgets

Everything You Need to Know About Ethereum’s ‘London Upgrade’

Published

on

Everything You Need to Know About Ethereum’s ‘London Upgrade’
Bitcoin has been the undisputed market leader since the cryptocurrency wave swept the world. While Ethereum has long been the lone challenger to the world’s largest cryptocurrency, its technology has suffered from several issues that have held it back. Gradually, the gap has widened between them. To overcome the challenges facing Ethereum, its developers have now released an upgrade. Colloquially called the “London upgrade”, it has rallied the cryptocurrency market. Investors seem upbeat about it as it brings more transparency in terms of transaction fee on the network. Some experts predict the latest changes to Ethereum technology in a long time could end Bitcoin’s dominance.

A lot of people get confused between Ether and Ethereum. So, let’s address that first.

Ethereum and Ether

Ethereum is a technology that makes use of blockchain technology to facilitate peer-to-peer contracts. Unlike traditional contracts, written in human languages, these smart contracts are written in codes that a computer can execute. The Ethereum network acts as a single decentralised computer that runs the code, meaning all computers in the network will agree with the outcome of each smart contract.

To run the network, developers need some kind of “gas”. Ether is the cryptocurrency coin that acts as its fuel. It is used to pay for transaction fees and computational services. When people send or receive smart contracts, computers are required to validate those transactions. Ether comes into existence by a successful validation, the process is called mining. Simply, Ether is the native currency and Ethereum is the technology that produces it. But the word Ethereum is casually also used to mean the currency. People can mine Ether or buy those that are already mined from an online exchange. Bitcoin price in India was around Rs. 35.3 lakhs and Ethereum price in India was around Rs. 2.47 lakhs as of 6pm IST on August 13.

What is the new Ethereum upgrade?

The Ethereum London Hard Fork upgrade is a set of five improvement proposals. One of them is called EIP-1559. It is aimed at giving speed to Ether mining and also incentivising it. Unlike Bitcoin, there is no limit to mining Ether coins, which makes it an inflationary cryptocurrency. Miners are paid new coins for validating each block of information. They are compensated with transaction fees that are paid by users. One of the biggest benefits of the London upgrade is that it has enabled the Ethereum network to handle many more transactions per second. It will help with scalability and tackle the high transaction fees — one of the biggest complaints of small investors or those who make frequent transactions.

Reduction in number of Ether coins in circulation

Another big feature of the EIP-1559 upgrade is that it is designed to reduce the number of Ether coins in circulating at any given time. This could potentially result in higher prices, assuming the demand remains constant. This upgrade will make Ether a deflationary cryptocurrency like Bitcoin, whose supply has already been limited at 21 million coins. This means over time their purchasing power will increase.

What does a hard fork mean?

When the majority of a cryptocurrency community, comprising developers, miners, and investors decide to change the fundamental rules governing the underlying technology, a hard fork happens.

What does the Ethereum upgrade mean for investors?

Ether is one of the fastest-growing cryptocurrencies and is only behind Bitcoin. But the gap between them runs into thousands of dollars. This update will create more transparency and, as a result, more trust in the future of this coin as a store of value, which should translate into attracting more investors. As the demand rises, so will the price. Many experts believe the latest upgrade has given Ethereum the firepower to challenge Bitcoin, which has shown immense volatility in the recent past.


Source link

Continue Reading
Click to comment

Leave a Reply

Gadgets

Microsoft Partners With Inworld to Bring AI Game Development Tools to Xbox

Published

on

By

Microsoft Partners With Inworld to Bring AI Game Development Tools to Xbox


Microsoft is teaming up with Inworld AI to create game development tools for Xbox, enabling developers to create characters, generate entire scripts and quests, and more. The multi-year deal brings an AI design copilot and an AI character runtime engine to the forefront, both of them being totally optional to use and to varying degrees. Of course, the use of AI in art has been criticised by many for simply lacking originality, in addition to running the risk of fewer jobs for artists — a growing fear among many considering the alarming number of layoffs seen at game studios this year in an attempt to cut costs.

“At Xbox, we believe that with better tools, creators can make even more extraordinary games,” Haiyan Zhang, GM, Xbox Gaming AI, said in a blog post. “This partnership will bring together: Inworld’s expertise in working with generative AI models for character development, Microsoft’s cutting-edge cloud-based AI solutions including Azure OpenAI Service, Microsoft Research’s technical insights into the future of play, and Team Xbox’s strengths in revolutionizing accessible and responsible creator tools for all developers.”

The aforementioned AI design copilot is a toolset that will help game designers turn prompts into scripts and dialogue trees. In contrast, the character runtime will enable dynamically generated plot beats and quests. We’ve already seen heavy AI integration in games by way of procedural generation — a more recent example being the 1000+ planets in Starfield. Not to mention, enemy AI has been around for way longer.

Inworld made headlines in August when it launched a modded story mode for Grand Theft Auto V, Sentient Streets, in which players had to investigate the rise of a bizarre AI-worshipping cult — a segment loaded with characters that spoke in AI-generated dialogue, on the fly. The mod was later taken down by publisher Take-Two, leaving a permanent strike on the creator Bloc’s YouTube channel. As per The Verge, Inworld’s AI technology can also be used for narration in top-down RPGs to warn players about any events awaiting off-screen and respond to questions like we’ve seen in the past year with AI chatbots like ChatGPT and Bing Chat. Microsoft has also been heavily banking on artificial intelligence, having made a $10 billion (about Rs. 83,254 crore) investment in OpenAI. The company has also integrated AI tools into its popular suite of services and also added an AI copilot to Windows.

Despite being a Microsoft-affiliated AI toolset, it would be interesting to see whether titles using them will be allowed to thrive on other platforms. In July, Valve claimed that it would be cracking down on games that included AI-generated assets if the developer didn’t own the copyright to the piece of art. For the uninitiated, when you insert a prompt to create something in AI, the software simply repurposes existing assets found online and mushes them together — basically stealing from other artists and writers without appropriate commercial licenses. Infringing them would lead to the game not being distributed on Steam, forcing the developers to seek proper licenses for the asset by reaching out to the AI companies involved. It’s unclear how Microsoft’s partnership will play out — as long as AI content is being used as a catalyst to innovate and create something new, it should be fine.


Affiliate links may be automatically generated – see our ethics statement for details.



Source link

Continue Reading

Gadgets

BSNL Offers Free 4G SIM Upgrade: Here’s How to Get It

Published

on

By

BSNL Offers Free 4G SIM Upgrade: Here’s How to Get It


BSNL (Bharat Sanchar Nigam Limited) is a state-owned telecommunication company in India. Earlier this year in May, the government said that the firm started rolling out 4G services in the country. By December, the networks were said to be upgraded to 5G. However, at the India Mobile Congress, BSNL chairman P K Purwar said that the company will launch 4G services in December and then roll it across the country by June 2024. The chairman added that the 5G upgrades will take place after June next year.

In a post on X shared by BSNL’s Andhra Pradesh (@bsnl_ap_circle) unit, the company confirmed that BSNL users can upgrade their older 2G or 3G SIMs to a 4G SIM for free. Not only will the upgrade be free, but a promotional image shared with the post suggests that users who opt for the upgrade will also receive 4GB of free data that will be valid for three months. It is speculated that BSNL is aiming to boost its upcoming 4G services with this offer. The announcement was first spotted by Telecom Talk.

To access the free data offer and the free upgrade, BSNL users are requested to get in touch with executives at BSNL’s Customer Service Centre, franchisee or retailer stores, or contact one of their Direct Selling Agents (DSA). The promo image also adds in a finer print that the offer is available with certain terms and conditions, but hasn’t detailed any, so far.

Reliance’s Jio recently launched the 4G-supported Bharat B1 feature phone in India. The handset is priced at Rs. 1,299 in India. Alongside 4G connectivity, the phone comes with JioCinema and JioSaavn applications pre-installed.

The Jio Bharat B1 is equipped with the JioPay application, which is said to allow users to make UPI payments. Aiming to increase accessibility, the phone supports 23 languages overall, including multiple regional languages.


Affiliate links may be automatically generated – see our ethics statement for details.





Source link

Continue Reading

Gadgets

Realme GT 5 Pro Teased to Feature 3,000 Nits Display; More Details Revealed

Published

on

By

Realme GT 5 Pro Teased to Feature 3,000 Nits Display; More Details Revealed


Realme GT 5 Pro’s launch date is not far away. The Chinese smartphone brand on Tuesday (November 7) confirmed the arrival of the new GT series smartphone in its home country. The Realme GT 5 Pro is teased to come with a display with over 3000 nits of peak brightness. It is also confirmed to pack a larger heat dissipation area for thermal management. The handset will ship with Qualcomm’s new Snapdragon 8 Gen 3 SoC. The Realme GT 5 Pro is expected to come as a successor to the Realme GT 5 that debuted in China in August.

Realme, via Weibo, announced the arrival of the Realme GT 5 Pro in China. The display of the handset is confirmed to offer 3000 nits peak brightness. It has also been teased to offer heat dissipation with a surface area of around 10,000mm2. It is confirmed to ship with Qualcomm’s new Snapdragon 8 Gen 3 SoC. The post doesn’t specify the exact launch date of the smartphone, however, given the release of the teasers, the launch could be just around the corner.

The Realme GT 5 Pro has been in the news a lot lately. It is expected to feature a 6.78-inch (1,264×2,780 pixels) AMOLED display and is tipped to come in 8GB, 12GB, and 16GB RAM options along with 128GB, 256GB, 512GB, and 1TB inbuilt storage options.

For optics, the Realme GT 5 Pro is said to have a triple rear camera unit comprising two 50-megapixel sensors and an 8-megapixel shooter at the rear. The camera setup might include a Sony LYTIA LYT808 sensor, an OmniVision OV08D10 secondary sensor, and a Sony IMX890 telephoto sensor. For selfies, there could be a 32-megapixel sensor at the front. It is said to carry a 5,400mAh battery with support for 100W wired charging and 50W wireless charging.

The Realme GT 5 Pro is expected to come with upgrades over Realme GT 5. The latter was launched in China in August with a price tag of CNY 2,999 for the base model with 12GB of RAM and 256GB of storage.


The Motorola Edge 40 recently made its debut in the country as the successor to the Edge 30 that was launched last year. Should you buy this phone instead of the Nothing Phone 1 or the Realme Pro+? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.



Source link

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.