Crypto currency

CARROT, daucus carota, is a well- known household vegetable. Carrot is native to Eurasia and northern Africa. It belongs to the umbelliferae family of plants, and grows up to 80cm high, with tiny leaves. Both the plant and the root are referred to as carrot. A biennial plant [lasts only for two seasons], car- rot grows very well in its first season and stores a surplus of food in its root, which becomes big, fleshy and large and orange coloured due to the presence of carotene. In the second season the root becomes woody and less nutritious and delicious. As early as 1500 BC, the skin friendly effect of carrot was well known. Carrot is the king of cosmetic herbs. Its skin-friendly property is due to the presence of provitamin A. The root contains pectin, a glycosidic sub- stance with absorbent and ant diarrheic actions. It also contains potassium, phosphorus and essential oil. Its pecu- liar aroma and vermifuge effect are due to the presence of essential oil. Carrot also contains vit...

  In a bid to end the ongoing fuel crisis, President of the Senate, Dr Bukola Saraki, on Thursday, directed the Senate Committee on Petroleum Resources (Downstream) to cut short its recess and immediately convene a meeting with industry stakeholders. Chairman of the Senate Committee on Petroleum Resources (Downstream), Senator Kabiru Marafa, who disclosed this in Abuja, said following the directive, the Committee has summoned the Minister of State for Petroleum, Dr. Ibe Kachikwu, Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Maikanti Baru and other relevant stakeholders in the petroleum sector to a crucial meeting on Thursday, January 4, 2018. He further added that the meeting, which will be held in the Senate Hearing Room 221 and its proceedings aired live on the Nigerian Television Authority, is meant to address the lingering fuel scarcity bedevilling the nation in the last few weeks with a view to putting a complete stop to the unsavoury d...

Fuel Crisis: Senate suspends recess, summons Kachikwu, NNPC's GMD, others [No summons for Bu hari, defacto Petroleum Minister?]

Thursday, December 28, 2017 Liberia awaits result of watershed presidential election TOP HEADLINES Liberia on Thursday peacefully awaited the results of a landmark presidential poll pitting former football star George Weah against Vice President Joseph Boakai in the first democratic transfer of power after decades and two devastating civil wars. Whoever wins will succeed the continent’s first elected female head of state, Ellen Johnson Sirleaf, who took over at the helm of Africa’s oldest republic in 2006. “The Liberian people clearly made their choice… and all together we are very confident in the result of the electoral process,” tweeted Weah. He topped the first round of voting in October with 38.4 percent of ballots but failed to win the 50 percent necessary to avoid a run-off. Weah is the only African ever to have won FIFA’s World Player of the Year and the coveted Ballon D’Or — one of football’s most prestigious awards. The 51-ye...

Liberia awaits result of watershed presidential electio n

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The blockchain is the core of Bitcoin as it is the summary of all the transactions in the Bitcoin Network. As the name implies it is a chain of blocks, or sets of transactions in chronological order. Each block gets added to the blockchain after a miner finds a hash that is accurate for that particular set of transactions . That hash along with the hash of the previous block is then distributed throughout the network and by consensus added to the most recent end of the block chain. The Bitcoin Blockchain can be queried, just as other crypto currencies’ blockchain’s can, to provide data on certain addresses – for example the top ten addresses by value or the number of transactions in a certain time period and their size. The major downfall of the Bitcoin blockchain is its size . It is becoming larger and larger meaning there are issues with storing it on individual computers and synchronising to it. The Bitcoin protocol has a block time target of about ten minutes – o...

There have been lots of conspiracy theories and false leads into who or what Satoshi Nakamoto is. General consensus is that he was one of the original progenitors of the Bitcoin paper but has now taken a backseat and is relatively uninvolved in the present work by the Bitcoin Foundation. Satoshi Nakamoto is quite a common Japanese name and loosely translated can be made to fit with the principles behind the libertarian decentralised digital currency Bitcoin – or “wise central foundation”. This definition has also been related to wordplay by the CIA – Central Intelligence Agency – where a raft of papers between ’91 and ’97 on digital currencies were written by an employee by the name of Okamoto – in fact the SHA-256 algorithm was created by the CIA. Other theories are that the Group was a group of people, in particular Neil King, Vladimir Oksman and Charles Bry – through relating the registration of the original Bitcoin.com and publications on encryption keys – although th...

Bitcoin and crypto currencies in general have lots of advantages in relation to traditional payment methods, but mainly they’re quick. Bitcoin generally takes ten minutes to confirm or zero if the merchant accepts the risk of double spending – Governments cannot seize your Bitcoins, there is no chance of chargeback fraud for merchants & the combination of your private key and public key means your personal details are not held insecurely online in general. Probably the main advantage, which has traditional payment mechanisms running scared, is the ability to transfer Bitcoins, Litecoins or Dogecoins for almost free. If you pay by cheque or by debit or credit card, there are often fees, which over time can add up significantly. Bitcoin has incredibly low transaction fees – in fact sometimes they are even free. Another major plus is the fact that you control it. In your wallet your Bitcoin is untouchable by Governments or banks. For example the Cyprus raid on banks...

Bitcoin  and Crypto Currencies are digital forms of electronic money . They are different to the traditional fiat money system in three key ways: transactions are anonymous, you can create your own wallet bank account in minutes and the network is decentralised run through consensus of its participants. Bitcoin and other crypto currencies are also anonymous – you can set up a wallet in minutes and start receiving or giving Bitcoin via your personal address number. Any transaction you do make shows up on the blockchain - the central ledger of all transactions ever made! So you are anonymous in one sense but if anyone knows what your address is then they can discover your entire transaction history. Bitcoin itself is designed to lower the amount of bitcoins produced every ten minutes – after mining a block – by 50% every four years. In other crypto currencies the reward for mining each block is kept constant or can vary in whichever way the developer decides. Unlike g...

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Bitcoin’s greatest technological achievement was the blockchain - a distributed ledger that provided anonymity to anyone using it. The blockchain is “anonymous” because no one know who owns a Bitcoin address, but Bitcoin isn’t  private . When you join the Bitcoin network you connect in a peer-to-peer fashion to many other Bitcoin nodes, and your IP address can be seen by those nodes you’re directly connected to. Seeing your IP address means that, though they don’t know who owns the Bitcoin address, someone can  see that you connected. Verge  is a direct descendant of Bitcoin, but with several improvements. Verge has a 30 second block-time, compared to Bitcoin’s 10 minutes, and can support up to 100 transactions per second, compared to 7 with Bitcoin. Also, Verge supports a number of different proof-of-work algorithms, some of which work best on CPUs, some on GPUs, and some on ASIC chips, meaning that anyone is able to mine Verge on a level playing field. It also w...