Technology

WikiBit is a third-party service platform providing a wide range of services in the blockchain technology industry. The company is a subsidiary of a Chinese company based in Shanghai. Wikibit features several million users who have invested in the blockchain market. The company’s establishment was initially aimed at helping clients find answers to their queries about the formality, compliance, and authenticity of blockchain trading platforms. However, the company offers other services like blockchain exchange services. In this excerpt, we discuss blockchain exchange and other aspects of blockchain technology.

Understanding blockchain exchange and blockchain technology

Before getting into the concept of blockchain exchange, the first thing you must understand is the meaning of a blockchain. This is because a blockchain is at the core of this type of technology. A blockchain can be defined simply as a form of a database. In more complex terms, a blockchain is a distributed ledger. It aims to enable peers to collaborate on projects through its decentralization.

1. What is Blockchain exchange?

In simple terms, blockchain exchange is a new platform for trading digital assets. This platform allows you to view the markets, check your orders and status, track your deposits, withdraw funds, and trade crypto-assets. Note, blockchain exchange technology was built for traders looking for a fast, intuitive and straightforward trading experience.

2. The relationship between blockchain technology and cryptocurrency

The terms blockchain and blockchain exchange is often used together with the term cryptocurrency. Therefore, it would also be wise to understand the relationship between the two technologies as a beginner.

The first thing you must understand is that a blockchain is not an optional technology for cryptocurrency. Instead, cryptocurrency technology depends on blockchain technology for various purposes. The primary difference between the two terms is that cryptocurrency is primarily in the finance sector.

On the other hand, blockchain is neither limited nor exclusive to the financial industry. Of the two terms, blockchain is more complex. This is because blockchain technology encompasses a wide range of sectors. The technology is set to affect even more industries soon. But, the same thing cannot be said about the latter. While digital assets are also on their way to becoming mainstream, their application in various industries is very different from applying blockchain technology.

It is also worth mentioning that blockchain technology existed even before the first form of cryptocurrency (bitcoin). Therefore, bitcoin technology is the underlying technology behind the innovation of cryptocurrency technology.

These are just a few differences between these two technologies. There are several other complex explanations of the differences and relationship between blockchain and cryptocurrency technology.

Take away

Blockchain technology was conceived in 2009. Its name was inspired by the way data is stored in this form of a database. In blockchain technology, information is stored in structures known as blocks instead of tables. The blocks can only contain a limited number of data. Therefore, once each block has reached its data limit, it is appended into the previous block. The same is done to the next block and the one after that. This results in the formation of a chain of blocks, hence the term blockchains.

You must have heard of the term fiber optic cables thrown around anytime you read about internet connectivity. If grasping knowledge about the internet is not your forte, then the word fiber can remind you of some Raisin bran, no? Luckily for you, this blog post is not really about breakfast and the cereals accompanying it. It is more about the technical stuff involved in the fiber optics world.

When fiber optics use matter

In telecommunication, shiningfiber is a fiber optic line used in transmitting data. Usually, it takes the form of light shifting from one point to the other. When it comes to fiber optics communications, point A implies the origin of the source. It could also be termed as the node. On the other hand, point B could be your home or residential area.

That said, two primary types of fiber optic cables should come to mind any time fiber optics are being discussed. The single-mode fiber optic cables and then the multimode fiber optic cables. Here, the process involved in the workings of these cables may be complicated. Therefore, to simplify the processes for you, the essential concepts have been included in the following paragraphs.

a. Why the single-mode fiber?

As its name suggests, single-mode fiber has one strand of element (usually glass). But it utilizes two frequencies in sending as well as receiving data and any other information. This would only imply that your data shall remain clean for quite some time. Single-mode fiber also carries a high bandwidth level across various distances, usually long.

b. Why the double string mode fiber?

Below are reasons for use and facts around double string mode fiber.

1. The double mode fiber cable, as its name suggests, is slightly more significant compared to the single-mode fiber. It has a slightly larger diameter and utilizes two fibers while providing you with relatively higher bandwidth.
2. A dual-mode fiber cable is not ideal for long-distance use. That would be roughly up to 2,000 feet. The reason behind it is that the several light paths available can distort the receiving end of things.
3. Fiber internet connections are known to work at peculiar speeds of about 1 to 2 gigabits for every second. That is, roughly about 90 times faster than the older copper wires.
4. Additionally, copper wires that have been used since time immemorial to transmit voice are limited when it comes to the data amount they can handle. This factor makes fiber cables an ideal choice for professionals in the business of fiber cables.
5. Fiber optic cables are an affordable alternative to connectivity. The overall maintenance costs are generally cheap. Fiber is, additionally, a long-lasting solution to internet connectivity. It requires little maintenance compared to others. With time, the maintenance costs decrease.

Final Thoughts

Fiber’s strength is traced back to the manufacturing process used. Most of the fibers are made of melted silica. The material is put in a pot by pouring it into a mold. After that, it is cooled to prevent crystallization. Fiber optic cables are cheap and easy to maintain.

A LED (light-emitting diode) display is a technology that uses a flat panel, whereby an array of LEDs are activated to display numbers or letters. The display is usually made up of red, blue, and green colored LEDs, which form a fixed pattern. The colors create a pixel, which, when adjusted, includes many other colors that form an image. LED displays are used for advertisement or passing across important information on buildings and cars like the taxi top LED display and many others. In this extract, we look at the merits of LED displays.

Merits of LED displays

1. Increased brightness

LEDs have become popular over time due to the amount of light they give off. Traditional light sources like fluorescent tend to flicker with age and fade, forcing you to replace them often. The bright light grabs one’s attention, and you are more likely to take in the message being passed across, unlike traditional displays that use regular light bulbs.

2. Flexibility

The displays are versatile and can be customized in any form to have the necessary impact. You can customize the panel’s message to appear how you want or have multiple messages simultaneously to fit your needs. The words can run from top to bottom or horizontally, depending on your preference. This is a unique feature specific to LED displays since it’s impossible to add a personal touch on other lighting systems.

3. Highly Durable

LEDs are made of plastic elements that are environmentally friendly and damage resistant. They function well outdoors; whether it’s raining, snowing, cold, hot, no harm is experienced. They are waterproof and also dustproof. The typical lighting system, such as incandescent lights, is made of glass whose layer is thin and easy to break. Their life span is between 4000-3500 hours while that of LED display is up to 100000 hours. The cost of maintenance is low as they do not require frequent changes or fixing. It makes the displays an ideal choice for many advertisers worldwide.

4. Energy Saving

As much as the light-emitting diodes are known for their bright light, it’s safe to say they consume less energy compared to other lights. They produce less heat and are perfect for advertisements. Displayed adverts need to be seen often; hence the LED display system should be on most of the time. The fact that low power is consumed makes it convenient to keep it running and reduces the costs of powering it. Lights such as neon require almost four times the amount of energy needed for LEDs.

5. Easy to Install

Once you identify a location or position, installing the display is simple and takes less time. The modularity of the display is what makes the installation process easy. It is cheaper to install outdoor LED displays than the traditional billboard; that’s why more people are leaning towards this technology.

Bottom Line

The LED display system is slowly taking over, especially in the advertisement sector. It is widely used because of its good quality and thin size, which is convenient for anyone. More manufacturers are developing the displays, making the prices go lower and becoming affordable for most consumers.