General Knowledge Questions

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. Bitcoin is created digitally, by a community of people that anyone canjoin. Bitcoins are ‘mined’, using computing power in a distributed network.This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.The bitcoin protocol –the rules that make bitcoin work –say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin). Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.

In 2015, Indian-American music composer, Ricky Kej won a Grammy at the 57th Annual Grammy Awards for his album Winds of Samsara, collaboration with South African flautist Wouter Kellerman, in the Best New Age Album category.

The reason for transmitting data over optical fibers, is because the speed of data transmission through optical wires are equal to the speed of light. The intense speed of data transfer speed, has lead to the use of optical fibers. The optical fiber uses the technology of transferring light beams, from one end to the other end of optical cables. The attenuation in optical fiber is due to Scattering. The reason why scattering is caused, due to the folding, in the wire.