Gadgets
How Your Investment in Cryptocurrency Determines Its Value?
How does cryptocurrency work and how is its value determined?
To understand that, we need to first know how a cryptocurrency is different from a fiat currency (Indian Rupee, US Dollar, etc.). The biggest difference is that a fiat currency is backed by governments and declared as legal tender. It derives its value from the fact that two parties in a transaction put their trust in that value. Most countries operate in a fiat currency system, where central banks and monetary reserves control the supply of money, and, as such, indirectly control inflation.
Cryptocurrencies are not regulated by governments; they are decentralised. Most countries are yet to accept them as legal tender. Cryptocurrencies will also generally have a fixed supply, therefore their devaluation through inflation is unlikely.
Other than that, both have similar characteristics. Both can be a medium of exchange to buy products and services and both have a relative store of value.
Cryptocurrency public ledger
Every cryptocurrency trade automatically gets entered into a decentralised ledger that is not regulated or manipulated by a single entity. All transactions are secured by cryptography and it is available to everyone to view from any place at any time.
Cryptocurrency node count
Node count measures how many active wallets exist on the network. It is a good indicator of the value of a cryptocurrency. To see whether a currency has a fair price or whether it is overbought, one can search for the node count and the total m-cap (market cap) of the cryptocurrency and then compare the two indicators with other cryptocurrencies. Node count also shows how strong a cryptocurrency community is — more nodes mean stronger communities.
Cryptocurrency exchanges
To know about cryptocurrency, a person can visit an online exchange, such as WazirX or Binance in India. All the details related to any cryptocurrency — like its market capitalisation, its performance over the past weeks and months, total currency in circulation, current and past value — are available there. These cryptocurrency coins, such as Bitcoin, Ethereum, or Dogecoin, can also be traded on these exchanges for a fee.
Determining price of cryptocurrency
The most effective way the price of a cryptocurrency coin is determined is by its demand. Heavy demand from buyers will push the value of a digital coin upwards. Conversely, if a coin has a high token supply with little demand, then its value will drop. Other factors that influence the price of a crypto coin include the level of token utility — i.e., how useful the token is. A difficult mining process would mean it is more difficult to increase the supply of the coin and cause upward pressure on the price when demand is high.
Mass adoption
If more people invest in a crypto coin, its value can shoot through the roof. Still, these virtual currencies are far away from being adopted by the masses. Why? Because there are real-world problems associated with them. One: they cannot be exchanged for goods and services as widely as a fiat currency. For these digital coins to gain mass adoption, their utility has to increase and the deal should appear lucrative to the buyer.
Price volatility
The cryptocurrency market is still new and a lot of people are not yet familiar with the industry. New markets have qualities that make them inherently volatile. Then, there are some whale accounts that hold a large number of cryptocurrency coins and tend to influence markets to book profits.
Gadgets
Microsoft Partners With Inworld to Bring AI Game Development Tools to Xbox
“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.
Gadgets
BSNL Offers Free 4G SIM Upgrade: Here’s How to Get It
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.
Gadgets
Realme GT 5 Pro Teased to Feature 3,000 Nits Display; More Details Revealed
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.
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