Facilitates

Make an action or process is easy. “Schools were located in the same campus to facilitate the sharing of resources”.

“It will help facilitate the sharing of information”. Simplify, easy or facilities.

To make something possible or easier. To make easy or less difficult. Careful planning facilitates any kind of work.

In the sense of ease, to make or become less difficult or severe.

Inherent

Natural, basic, standard, start up.

Existing as a natural or basic part of something and permanent something. Qualities of something are the necessary and natural parts of it.

Existing in someone or something as a permanent and inseparatable element, quality or attribute.

Use the adjective inherent for qualities that are considered permanent or cannot be separated from an essential character.

Another word of inherent is natural, basic, central, essential. “Its primary feature is its autonomy in other words, its inherent decentralised nature”.

Merit

Synonyms: praiseworthy, good, excellent, deserving, having worth, value or merit. I like them, and they are worthy winners”.

The quality of being particularly good or worthy, especially so as to deserve praise or reward. Standard quality level, grade, credit, value, rate.

The quality of being good and deserving praise. The advantages something has compared to something.

If something has merit, it has good or worthwhile qualities. Claim to respect and praise, excellence, and worth.

If you receive a certificate of merit in school, you are being recognized for doing a good job.

Public and private keys vs public address

To Understand bitcoin and its intricate structure, you need to know the difference between three terms whose definitions are often, easily (and mistakenly), interchanged.

Private keys:

IIn their purest form, private keys are 256 bit numbers that are generated randomly and used to authorise the spending of bitcoin. ‘Bit’ is short for binary figures : a0 or  a 1.

Since the number of possible 256 bit combination is extremely large, a simpler system has been created to represent the private key.

A 64 character hexadecimal system using letters a-f and numbers 1-9 like so: (digital coin address).

Public keys:

Derived from the mathematical theory of elliptic curve multiplication, public keys are created from private keys. They are used to confirm that the data sent in the block chain is authentic, in other words that it comes from the owner of the specific private key.

Thanks to the public key, the private key takes the shape of a digital signature, without ever being publicly revealed.

The receiver, or any peer in the network, will only see the digital signature and public key. Example of a public key: (as a public key).

Public address:

Also known as the bitcoin address, the public address is also a major identifier for a transaction and it’s derived from the public key.

In fact, this is the information that people need to input it they wish to send you bitcoin.

Each bitcoin transaction carries with it a unique public address, generated by applying the public key into a cryptographic algorithm called Secure Hash Algorithm (SHA).

TRUST:

You’ve heard the term “trusted third party” before, right? Traditionally speaking, this third party is the mediator between any customer and any merchant.

Banks and financial institutions or online payment processors are conventional third parties that help facilitate transactions.

Naturally, any transactions that involve people’s money must be built on trust. After the 2008 financial crisis, this core principle was shaken as the concepts of fraud and disputes became more prominent.

Traditional trust constitutes good faith towards the middle man, should any disputes or claims of fraud arise, it is up to this intermediary to settle them.

The system works relatively  well, but merchants end up incurring costs, customers are asked for more information, and transactional fees increase.

Coupled with fact that the traditional trust system took a hit after 2008, Satoshi Nakamoto came up with the Bitcoin Network as a new kind of trust system, based on the P2P network.

Decentralisation & the peer to peer network

The core principle of decentralisation is the removal of a central, controlling body, whether that be an entity in the form of a financial institution (i. e. a bank), a trusted “third party” in the form of a payment provider, or an individual middle man between the sender and the receiver of a transaction.

One type of decentralised system like this has existed for many decades. Known as peer to peer. Or P2P for short.

This network consists of in its most simplified definition, two or more computers connected to one another and sharing all types of data.

Torrent file sharing, which is widespread and allows users to download music, movies, documents and other types of files is based on a P2P network.

P2P technology has a long history. As a fault tolerant network, P2P was initially designed for the purpose of transmitting military messages without any vulnerability to human fatality, natural phenomena or technical malfunction.

Its primary feature is its autonomy  in other words, its inherent decentralised nature.

P2P network has no centralised authority or regulatory entity that monitors, facilitates or controls any of the data that is shared between the two peers.

Satoshi Nakamoto

Emerging from the world of cryptography in the mid 2000s, the mysterious Satoshi Nakamoto is credited as the mastermind creator behind bitcoin the currency, and bitcoin the network.

Is that is real name? Is he Japanese? Or American? Is he or she, in fact, a lot of people merged under one pseudonym? To this day, no one knows.

As a direct response to the financial crisis of 2008, Satoshi Nakamoto envisioned a new and decentralised digital currency system he called bitcoin.

In October 2008,Nakamoto published a paper entitled “Bitcoin” : A peer to peer Electronic Cash System” which detailed a payment system based on chains of data blocks (later to become knowns as block chain) and the removal of third parties between transactions.

I came at a perfect time, of course, because a lot of people had lost trust in traditional financial institutions due to the crisis.

Nakamoto’s proposal detailed how the new system would function without financial institutions, how a peer to peer network would resolve the issue of double spending and what this new system would mean for transactional.

Privacy

A few years after his proposal, Satoshi Nakamoto stopped being involved in the development of bitcoin and completely disappeared from all public forums.

Conclusion 4 on February 2019

1. Simple Present form of be

It is present tense…
a) unceasingly
Nonstop or not ceasing and it is continuing. Without stopping. When you do something unceasingly, you do it without stopping. In a way that is continuing and unlikely to stop or never ceasing.

b) indefinite
Lasting for an unknown or unstated length of time. Synonyms as indeterminate, unlimited, undecided, undetermined, uncertain, not sure, not exact, not clearly defined, not precise, an indefinite date in the future.

If you describe a situation or period as indefinite, you mean that people have not decided when it will end. Unsettled, not clear in meaning, blurred, of not fixed number.

c) vase
A container used to put flowers in.

d) pottery
Tembikar. Pots, dishes and other articles made of fired clay. Pottery can be broadly decided into earthenware, porcelain and stoneware.

e) ornament
Make something look more attractive by adding decorative items. Synonyms as decorate, beautify, accessorize, dress up. Decoration that is added to increase the beauty of. Decorations and patterns on a building or a piece of furniture can be referred to as ornament. A thing used or serving to make something look more attractive but usually having no practical purpose.

f) vessel
2. A hollow container, especially one used to hold something such as a bowl or cask.

g) porcelain
Porcelain is a hard, white non-porous type of ceramic. (noun) An example of porcelain is a type of veneers for teeth.

h) earthenware
pottery, crockery, stoneware; china, porcelain; pots, crocks. “the Wedgwood potteries produced cream-coloured earthenware”

i) ceramics
pottery, pots, china, terracotta. the art of making objects by shaping pieces of clay and then baking them until they are hard.

j) brass
a bright yellow metal made from copper and zinc. In malay is LOYANG

k) bronze
a brown metal made of copper and tin. In malay is GANGSA

l) enormous
very large in size, quantity, or extent.
“enormous sums of money”
synonyms:huge, vast, broad, wide. Extremely large or great.

m) assume
To accept something to be true without question or proof.

n) granted
used to admit that something is true, before saying something else about it.

o) anticipate
regard as probable; expect or predict.
“she anticipated scorn on her return to the theatre” synonyms:expect, foresee, predict, think likely, forecast, prophesy.

Torrent

Torrent file-sharing, which is widespread and allows users to download.

A strong and fast-moving stream of water or other liquid. Flood, flow, overflow, rain, shower.

A sudden large or too large amount especially one that seems to be uncontrolled.

A Torrent is a lot of water falling or flowing rapidly or violently. A large amount of water that moves very quickly in one direction.

A file that’s constantly moving accross a large network in order to download the file.

Simplified

In its most simplified definition, two or more computers connected to one another and sharing all types of data.

Make something simpler or easier to do or understand. Clarify, to make something less complicated and therefore easier to do or understand.

Or to make something less complicated. Easy or simple.

Dip Math Geometry

Module 1: Geometry – Introduction to triangles

Geometry is a branch of mathematics concerned with questions of shape, size, relative position of figures, and the properties of space. A mathematician who works in the field of geometry is called a geometer.

A triangle is a polygon with three edges and three vertices. It is one of the basic shapes in geometry. A triangle with vertices A, B, and C is denoted . In Euclidean geometry any three points, when non-collinear, determine a unique triangle and simultaneously, a unique plane (i.e. a two-dimensional Euclidean space).

Triangles are basic geometrical shapes that we meet everywhere around us.

They tell us what to do, or help us to do things right. They intrigue or delight us, or even give us shelter. They feature in craft and design. Sometimes our eyes perceive a 2-D triangular outline on what is really a 3-D object.

In the following units you will learn about different ways of naming triangles. Mathematics) geometry a three-sided polygon that can be classified by angle, as in an acute triangle, or by side, as in an equilateral triangle. Sum of interior angles: 180°; area: base × height. 2. any object shaped like a triangle.