Category Archives: Tech

Is this the Bitcoin of the Future?

 

Ripple, like Bitcoin, makes it easier to move money around the globe. Ripple, on the other hand, is an internet protocol that allows for financial transactions in any currency. For example, a user may send dollars and get euros through Ripple.

Ripple Labs, headquartered in San Francisco, wants to make Ripple the standard protocol used by banks across the world to move money around the world as cheaply and rapidly as sending an e-mail.

We spoke with Gary Kremen, the founder of Match.com and the recently launched CrossCoin Ventures, an accelerator that mentors Ripple-based startups and helps them tackle finance-specific challenges like compliance and customer-service requirements, to learn more about Ripple and how it might affect small-business transactions.

What are Ripple’s benefits?

Ripple, like Bitcoin, is a distributed public database and global ledger. Without going through a central clearinghouse, computers on the Ripple network may automatically agree on updates to the ledger in seconds via a technique known as consensus. Its major engineering achievement was the settlement speed. As a result, Ripple transactions usually settle in three to five seconds, as opposed to up to 40 minutes for Bitcoin payments.

What is Ripple’s role in assisting small businesses?

Small companies will be able to accept money from consumers from all around the world in seconds. Credit card purchases may now take up to three days to reach a small business’s bank account. Getting that money faster helps in the management of a company’s daily cash flow.

Because Ripple makes money transfers virtually free, credit card firms will most likely reduce transaction fees to compete, lowering small businesses’ expenses. Small businesses are disproportionately impacted by credit card fees today. Small companies can’t negotiate better prices because they’re too big.

The advantages of Ripple are enormous if you’re a small company that conducts a lot of business abroad. Transferring money abroad may take up to five days, and the average transfer cost is 7%. Ripple transfers money in three to five seconds and charges little to no fees.

Do you think Ripple will catch on? If yes, when will it happen?

Cryptocurrencies take longer to develop because they are rewriting the financial services infrastructure. However, I believe the odds are favorable. Ripple Labs is focused on ensuring compliance and gaining the support of regulators and institutions. In the next 24 months, I wouldn’t be shocked to see Ripple powering daily transactions.

How do the Ripple founders make money?

Ripple is an open-source protocol that is meant to be used by the general public; Ripple Labs does not own or control the protocol. It did, however, develop its own crypto-currency, dubbed XRP, to ease transactions. Wall Street may exchange XRP for other currencies and offer cross-currency liquidity. This assists the market in determining Ripple transaction exchange rates.

At the time of Ripple’s creation, one hundred billion XRPs were produced, and no more can be created, similar to how Bitcoin was formed. However, there is one major distinction: Ripple’s XRP cannot be mined like Bitcoin. One of Ripple’s creators was a member of the Bitcoin community who objected to the energy-intensive [computer] mining procedure required to generate each Bitcoin, so he built Ripple without it. To address your question, Ripple Labs owns approximately 25% of the money and uses it to finance their operations.

The figure is 67%.

According to the Internet Society’s “Global Internet Report 2014,” the United States is ranked 30th among nations having the fastest average internet speed.

The United States, which is the quickest nation in the Western Hemisphere, is 67 percent slower than Hong Kong, which is rated first. The good news is that In terms of mobile broadband connectivity, the United States is ranked tenth in the world.

Create a backup of your Mac

Whether or whether Time Machine automatically backs up your Mac, creating a full duplicate (a clone or mirror) of its data prior to installing macOS updates or upgrades is a smart practice. Carbon Copy Cloner 6 (£29.90, bombich.com) may create a one-time clone or scheduled backups in addition to, or instead of, Time Machine, and prior versions are compatible with Mojave and earlier.

Catalina and Big Sur alter the way a clone is restored. Rather of cloning back to your internal storage from the copy, it is preferable to install macOS and then migrate from the copy, which is the only method for M1 Macs. This eliminates the need to clone the System volume, which saves space; however, CCC may still do so if desired.

CCC offers a plethora of choices. We demonstrate how to get the most out of them by omitting things that should be copied individually and creating snapshots for rapid file recovery. Whichever method you choose, verify that your clone works by restoring test items.

HOW TO CORRECTLY clone YOUR MAC

1 Adjust the loudness of the source

Select Tasks in the sidebar of Carbon Copy Cloner and give the new, empty backup task a name. To make your Mac’s starting drive, by default called Macintosh HD, the source for your clone, click on the Source icon and choose it.

2 Determine the final destination

Take note of the utilized space on your source volume and ensure that the destination volume has enough free space to store it. Then, click the Destination button and choose a volume with sufficient free space to accommodate the clone.

3 Decide whether or not to repeat

If you want this cloning to be repeated automatically, click on Automation and specify the scheduling basis. Generally, a daily clone is preferable for backups and when the disk is remounted on occasionally connected MacBooks.

4 Specify schedule information

If you leave your Mac running overnight, it’s a good idea to schedule the run time for when it’s not in use. If the machine is going to sleep, you may have the backup job wake it up or postpone it until later. Additionally, you may exclude weekends.

5 Define which things are excluded

At the bottom of the main window, click Task Plan to exclude things from the clone. Consider maintaining distinct copies of large files, such as Virtual Machines, that are continuously changing while in operation.

6 Configure advanced options

CCC has many advanced options, such as executing scripts before and after copying. If you want it to backup while you’re using your Mac, you can now adjust the priority of its copying jobs from this window.

7 Conduct a dry run

Before initiating the initial clone, verify that copying will yield the desired results. When you click the Preview button, CCC will do a dry run without transferring any real files and will predict the precise size. Correct any mistakes immediately.

8 Configure source snapshots

Consider taking pictures on a regular basis. In the sidebar, choose Volumes and then pick the starting data disk called Macintosh HD – Data or simply Data. Turn on CCC for each duplicate of that disk to create a snapshot.

9 Retention of snapshots

The default snapshot retention strategy in CCC should be suitable for the majority of users, since older snapshots may use significant disk space. If you want, click the Customize option to create your own policy, but keep an eye on the amount of space utilized.

ten Duplicate that volume

Once everything is configured, -click the task in the sidebar and use the Run Now command to create the first clone. CCC then displays the clone’s progress graphically and provides an exact time estimate for completion.

11 Examine task activities

When the cloning process is complete, click Task History, pick the completed task, and then click the Task Trends button to see a summary of activities. To initiate a recurring task, click the Start button on the main window.

12 clone of the Optional System

If you want CCC to clone your System disk as well, click on its icon and choose the Legacy Bootable Backup Assistant option before proceeding to step 7.

THIS WILL TAKE TIME

TEN SECONDS

YOU WILL EXPERIENCE

To duplicate files in order to restore them

YOU WILL REQUIRE

macOS 10.15 or later, an external hard drive with enough free space, and Carbon Copy Cloner 6