BITCOINS

Bitcoin

I was randomly going through some newsletters and saw this term ‘Bitcoins’. I felt it as a pretty  interesting topic  and started diving into some sources where I could get some idea about it. We have heard about coins  but what does the ‘bit’ signify. Yeah, that is exactly what defines it, Bitcoin is a cryptocurrency which is  made digitally in binary format. It is a digital asset which works as a medium of exchange using cryptography to secure transactions.

As per the sources, back in 2009, an anonymous programmer Santhoshi Nakamoto has discovered bitcoins which brought a revolution in the digital community.  The first documentation on bitcoins is the research paper published by Santhoshi Nakamoto on 31st October 2008,”Bitcoin:A peer to peer electronic cash system”.

Bitcoin is the first decentralized cryptocurrency. This can be used in any country and there are no limits on the usage. Developed using software programs that follow  mathematical formulas and implemented as an open source code, bitcoins provides access to users to review the code and understand the workflow. This can be stored in digital wallets in our computers or mobiles. bit

The Bitcoin network is secured by computers called miners which verify transactions. After the verification, the records are kept in a transparent public ledger which is called blockchains (record of past transactions). This network is unhackable and is secured by cryptographic techniques.

bitcoin-mining

This discovery created a growing impact in the lives of citizens. A recent survey shows that about 45 % of people in the USA are comfortable of using an independent currency like bitcoin. This has a reason, there are no middlemen in the whole transaction process and the loss of money through exchanges can be saved. Even the services like Reddit and WordPress has started accepting bitcoins as a payment currency now. Bitcoiners are working to make it much easier to use the currency, building everything from point-of-service machines to PayPal alternatives.

A visit to AMMACHI Labs

AMMACHI Labs (Amrita Multi-Modal Applications and Computer Human Interaction), an exceptional name of the academic and research center at Amrita University. It is a repository of innovative ideas to empower the lives of the people in the society.

This is the very first time I visited the lab and it was a great experience for me to get a chance to get to know about the various projects ongoing there. Being computer science students we always had this question on why should we learn all about motors and circuits in our first year. But all my questions got its answer by this visit. Any sophisticated technology works with the integration of mechanics, electronics, and programming. The projects associated with the lab are the real proofs of the statement. As the name suggests, the lab focuses on developing the applications with computer-human interaction.

Haptics technology:

Haptics creates a sense of touch for the user by the application of force or motion. This   technology is used to develop applications to assist the employees in areas like carpentry training, medical, construction, e.t.c.

Learning programming from scratch:

Introducing the concept of programming to the children through a simple game. Through this, children can approach programming through a different perspective of problem-solving. By solving real life scenarios through a game will help them to develop their skills.

Virtual reality devices:

Experiencing something which is not real, sounds illusory, but it became possible with the use of technology. HTC Vive is one such device which provides a virtual reality experience through games. It gives a  360˚ coverage and is equipped with wireless navigation controllers .There are also sensors  which detect the motion of the player in the bounded region.

3D and Leap motion:

Leap motion  is a technology which allows users to control their computers with hand gestures alone. The motion of the hand in detected by infrared sensors and this input is received by the computer software with which the activity is controlled.

My Sangham:

My Sangham, an educational portal for women in the rural areas is an inspiring initiative to support the women empowerment. This contains videos of different activities in a collection of languages for the users  to make them self-dependent and strong.

Robotics in Medicine:

Robot-assisted surgery,  which allows doctors to perform surgeries with more precision, and less complexity. The Amrita Institute of Medical Sciences is the first hospital in India to use robotic technology for neurosurgery. ROSA,  the technology which gives robotic assistance  to Epilepsy and similar cancerous diseases. The robot helps in detecting the correct path through which the electrodes are injected into the cranial area for the surgery.

There are much more vibrant projects associated with AMMACHI labs. To know more about it visit : http://ammachilabs.org/