International Business Machines (IBM), an American multinational information technology firm, has managed to double the power of its quantum computer (QC) but this effort didn’t break the encryption of Bitcoin (BTC), the original blockchain-based cryptocurrency.
Bitcoin price plunged to a four month low of $7,400. The cryptocurrency price hovered about $7,800 after leaving $8,000 where it was a few days back. At the moment the cryptocurrency price settled at $7,500. It’s becoming realistic that Bitcoin is continuously failing to sustain itself above the $8,000 margin.
The primary feature of blockchain and distributed ledger technology (DLT) is that its configuration makes it possible to guarantee that the data contained is not subject to third-party tampering, having a key system which enables an almost unbreakable security.
Twenty years since the introduction of cloud computing, Small and medium Enterprises are Embracing technology Globally. In Italy, many firms adopted technology to improve business efficiency. IBM introduced business hubs focusing on integrating computing for Small and medium-sized businesses in Italy.
IBM Studios, a gigantic space in fast-developing Italy, will open its doors this March to welcome specialists in AI, blockchain, cloud computing, Internet of Things (IoT), and many other digital technologies. The initiative is aimed at facilitating the process of the digital transformation of the country’s systems.
In recent years the the world has witnessed a technological transition thanks to the blockchain technology. Despite the recent eruption of cryptocurrencies and the blockchain, we are in a relatively infantile stage in the grand scheme of things. With this said, the main issue hindering exponential growth in the world computing power is the demand in contrast to the currently available supply.