A ROBOTIC PILL IS THE LATEST BREAKTHROUGH IN HEALTHCARE

A ROBOTIC PILL IS THE LATEST BREAKTHROUGH IN HEALTHCARE

When we think of robotics, we often imagine a dystopian future like in “I Am Legend” or “Ex Machina.” However, this science can contribute a lot to other disciplines such as medicine. One example is the so-called “robotic pill,” one of the latest advances in health.

One of the processes that is often painful and complicated for patients is the issue of injections, especially because fear of needles is so common. Among the alternatives are pills, but these are not the most suitable for all treatments.

That’s where the “robotic pill,” developed by the Massachusetts Institute of Technology (MIT), comes in. MIT’s Traverso lab has been devising different approaches to help patients absorb drugs in the most appropriate way, and this seems to be one of the most feasible.

HOW DOES THE ROBOTIC PILL WORK?

This pill, called RoboCap, is coated with gelatin and, unlike other drugs, it creates a tunnel in the mucosa without using needles. That is, when ingested, this outer layer dissolves and releases a pH, which allows the pill to function in a similar way to a drill.

This happens because the pill has a small motor that, as soon as the pH is released, begins to rotate and thus moves through the tract, creating a kind of tunnel to move the mucosa aside and transport the drug.

As Shriya Srinivasan, a research affiliate at MIT’s Koch Institute for Integrative Cancer Research and lead author of the study published in the journal Science Robotics, explains, using mechanical methods to deliver drugs may allow better absorption.

 

IN WHAT CASES CAN THIS TABLET BE USED?

Traverso’s scientists, who are behind the project, developed the RoboCap using insulin, as well as vancomycin, which is a widely used antibiotic. The reason for using these two drugs is similar. For example, orally administered vancomycin does not reach the skin or infections in orthopedic implants youporn.

IN WHAT CASES CAN THIS TABLET BE USED?

On the other hand, insulin, which is normally received in the form of injections, cannot be taken orally since the intestine and stomach attack it directly as a protective mechanism. Since injections can be very inconvenient for patients, scientists have sought a way to cross the stomach barrier and improve its absorption.

 

ARE THERE ANY ADVERSE EFFECTS?

When we talk about a robotic pill, it is normal to question the possible adverse effects or what happens to the leftovers. According to MIT, after administering the drug, the remains are disposed of by the digestive tract without any problem.

Likewise, in animal tests, no symptoms of irritation or inflammation have been found. Likewise, it has been shown that the perforated area is completely restored within hours of administration.

In addition to allowing better absorption of certain drugs, the procedure also allows 20 to 40 times more drugs to be administered than a similar pill without the tunnel mechanism.

 

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HOW DOES COMPUTER ENGINEERING IMPROVE PUBLIC HEALTH?

HOW DOES COMPUTER ENGINEERING IMPROVE PUBLIC HEALTH?

In recent years, especially after the impact of the COVID-19 pandemic, public health systems have been at the centre of both political and civil discourse. Of course, one of the major concerns is how to improve them to ensure that patients receive the best possible treatment.

Thus, one of the most interesting conversations is taking place in the area of computer engineering applied to medicine. Also called health informatics, this is the combination of telecommunications, informatics and medicine in order to improve both services and treatments.

This can be achieved through different software as well as different technologies that can support the entire healthcare process. Not only in data storage, but also in diagnostics, patient care and other aspects. In this respect, several steps have already been taken towards its application, especially in Spain.

 

MEDICINE AND INFORMATICS: A WINNING COMBINATION

Multidisciplinarity in any area is often very beneficial. In this case, according to the article “Informatics: impact on the healthcare system” by Víctor Pelegrín Hernando, there are different areas in healthcare that can benefit from the use of informatics.

Among them is the development of telemedicine, which was especially important during the COVID-19 pandemic to avoid transferring patients at a risky time. Another application is in the economic-administrative area, to support the management of resources xnxx, both material and human.

MEDICINE AND INFORMATICS: A WINNING COMBINATION

On the other hand, one of the most revolutionary uses is in medical and healthcare management. In this case, according to the aforementioned article, software can be used for patient administration, allowing health centre staff to carry out admission and other procedures quickly, easily and efficiently.

 

SPAIN SETTING THE STANDARD

In Spain, the public health system has some advantages. For example, the Individual Health Card allows all citizens to use it throughout the national territory, as well as in Europe, and helps with patient identification.

The country also has the Interoperable Digital Health Record of the National Health System or HCDSNS. This project, which has been under development for a decade, allows both patients and health professionals to access the clinical history.

So far, 94% of the Spanish population is part of it. However, this system only allows connections between some Autonomous Communities. On the other hand, according to Jesualdo Tomás Fernández, who is a researcher in Computer Engineering at the UMU, the systems of private and public hospitals are not connected.

SPAIN SETTING THE STANDARD

As we can see, the use of IT in the area of health can have many advantages, such as speed and efficiency. However, for these systems to really work, several factors must be taken into account. Among them, there must be investment on the part of the authorities, staff training and, above all, the citizen must be taken into account.

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HOW DOES BIOMEDICINE HELP OUR DAILY LIFE?

HOW DOES BIOMEDICINE HELP OUR DAILY LIFE?
BIOMEDICINE

When we talk about biomedicine and bioengineering, it is hard to believe that they are sciences so closely tied to our daily lives. After all, it’s not like we go to the store on a Saturday to buy a robotic prosthetic right leg. However, even if it seems like fiction or a fantasy story, this is getting closer to our reality than we think.

However, before talking about biomedicine or bioengineering in our daily lives, let’s try to understand a little better what it is about. In itself, its name is quite illustrative. It is a discipline that connects engineering with health, to create equipment, machinery and solutions that help us diagnose, treat, cure and prevent diseases.

You see it? It looks a little closer than you imagined, and now we’ll explain why it’s so important tukif.

 

WHY IS BIOMEDICAL ENGINEERING IMPORTANT?

To understand why biomedicine is so important in everyday life, just think about how traditional medicine worked 500 or 1,000 years ago. The flu was a disease that could end your life, a broken arm was more than enough reason for an amputation. And like these cases, examples abound with almost all the emergencies that today we consider, although painful, harmless.

The fact that today we can go to the nearest health center and take an X-ray is an achievement of biomedicine, for example. The same is true of many drugs currently available on the market. Its creation was a joint achievement between chemistry and this discipline.

Biomedicine and medical engineering are therefore a way to improve the general quality of life of human beings. Thanks to their work, doctors are able to provide more timely care and save lives.

Those who dedicate themselves to this professional career are currently highly valued in the professional market due to the positive impact that their work brings to their surroundings. Especially in developed countries, where the proportion of the elderly population is much higher.

 

ARTIFICIAL ORGANS AND LIMBS SAVING LIVES

We already talked about how biomedicine helps the general population. However, one of his greatest contributions is the development of highly sophisticated engineering pieces, which seek to replicate the perfect machine: the human body.

Previously, and going back to amputation a bit, losing an arm meant replacing it with a stick and losing all mobility, if not gangrene killed you first.

Today it is different. Biomedicine has managed to create prostheses that have a design that gives the patient partial or almost total autonomy and mobility, depending on their sophistication. In addition, many of them are designed to replace the lost limb, even aesthetically.

If we get a little more futuristic, it is worth highlighting the great innovations in ophthalmology, with the new ocular prostheses that stimulate the retina and allow an approximation, although rough and rudimentary, to objects and shadows.

What is the most amazing thing about biomedicine for you? Leave your opinion in the comments.

 

 

 

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What Types of Different Cybersecurity Exist?

What Types of Different Cybersecurity Exist?

Cybersecurity is the practice of securing computers, electronic systems, servers, networks, mobile devices, infrastructure, and data against malicious threats or attacks. In this age of information technology, people, businesses, and governments use various devices and technology to run their lives or undertakings online. Consequently, there is a demand for people and organizations to keep sensitive information secure. This is where cybersecurity comes in. This article will discuss some types of cyber security that exist today.

 

Application Security

Application security seeks to protect application/program code and data against potential cyber threats. It covers all measures that ensure a secure software development cycle for developers. Its ultimate goal is to enhance security practices by finding, fixing and preventing security issues with applications. As good practice, developers should apply application security through all development phases, including design xxx, development, and software deployment. Cybercriminals often target and exploit vulnerabilities in applications to steal essential data.

 

Network Security

Network security safeguards your network data and infrastructure from breaches, unauthorized access, misuse, modification, destruction and other threats. It entails developing a secure infrastructure for devices, programs, and users to perform their functions within a safe computing environment. Securing a network demands a combination of hardware devices like routers and software such as firewalls, antivirus, and antimalware programs. Government organizations and businesses hire information security analysts to plan and implement security strategies and continuously monitor the effectiveness of the plans.

 

Information/Data Security

Information/Data Security

Information security secures sensitive information from unauthorized activities, including access, inspection, recording, modification, and any cyber threat. Information security encompasses the tools and processes used for protecting data, for example, by setting policies that inhibit unauthorized people from accessing critical data. The aim is to ensure the security and privacy of critical data (like financial data, customer account details, or intellectual property) both in storage and transit.

 

Cloud Security

Cloud security encompasses all the technologies, controls, services, and policies that protect cloud-based systems, infrastructure, applications, and data from cyber threats. Today, most people and organizations prefer to store their data online on Microsoft OneDrive, Google Drive, Apple iCloud, etc. Cloud security is often a shared responsibility between the cloud service provider and clients, who could be individuals and businesses.

 

Internet of Things (IoT) Security

This cybersecurity deals with securing internet devices and the networks that connect them from threats and breaches. The measures protect the devices by identifying and monitoring threats while aiding fix vulnerabilities from an array of devices that can pose risks to the system. The majority of IoT devices lack built-in security, making them vulnerable. Furthermore, they do not have a way of installing security software. Another challenge is that some network security systems often cannot detect these devices or identify which devices are communicating through the network. IoT security integrates solutions that deliver visibility, segmentation, and protection throughout the entire network.

 

Critical Infrastructure Security

Critical infrastructure security aims to protect networks and assets whose uninterrupted operation is necessary to ascertain the safety of a nation, its public health, economy, and general society. It entails all the measures that protect infrastructure like communication networks, energy, financial services servers, IT and data centers, food and agriculture, etc. Such infrastructure is essential, and attacks on them could have widespread consequences. Critical infrastructure cybersecurity is vital to avert the shut down of crucial systems and cyber-terrorists.

 

User Education

User education is essential to avert threats associated with system users. Any person can accidentally introduce a virus to a secure system by not adhering to cybersecurity practices. User education is a security measure that aims to train and educate cyber users about the significance of their actions and inactions. Teaching staff not to open suspicious email attachments and not to plug in unknown USB drives alongside other essential lessons is crucial for the security of any computer system.

Why IT is Important for Companies

Do you ever wonder why businesses invest in IT – both experts and infrastructure? IT is indispensable in the modern business world. It saves time and effort and improves efficiency and security. Here are some ways that companies can benefit from the use of technology.

 

  • Improved Communication

Technology simplifies communication in numerous ways, and in the modern business ecosystem, it is crucial for staff to interact with customers promptly and clearly. IT is thus essential for internal and external communication. Businesses use technology to create social connections and relay mission-critical data. Aside from facilitating in-house communication between departments and sections, IT has made external communication easy and ubiquitous. 

 

  • Streamlined Decision Making

Decision-making is a crucial aspect of every business, and technology is here to help companies streamline the decision-making process. Firms can easily monitor consumer and market data and generate error-free reports with the relevant software. IT guarantees exactitude with metrics drawn from the marketing, finance, and customer engagement departments. In short, technology facilitates businesses to capture essential data, assess weak areas, and develop appropriate strategies.

 

  • Enhanced Customer Relationship

Customer relationship management (CRM) software enables a business to identify the needs of their customers. With CRM, an enterprise can target the right clients at the right time and develop business loyalty porno xxx. This way, a business can keep its customers and avoid customers shifting to competitors. Business Culture and Relations

IT makes it possible for staff at various locations to have better interactions, creating a team dynamic within a firm. For example, proper communication between factory managers and shipment coordinators at different locations can help avert potential tensions and distrust. Technology also helps overcome social tension and subsequently allows staff to work together.

 

  • Organized Information

Businesses usually have a multitude of files necessary for operations. A proper IT infrastructure will help a business organize and manage its data. Whether financial data, purchases, client data like profiles and payment history, reports, and more, a firm can manage all this under one roof. It only requires an appropriate database. Technology makes it easy to retrieve this information and thus create smooth operations.

 

  • Improves Marketing and Growth

Businesses employ technology to advertise and reach new markets. Online advertising methods (SEO, PPC, and more) on various platforms (Social media and online markets) make it easier to find the target audience, understand their needs, and develop marketing strategies to persuade them to buy. 

 

  • Facilitates Research

Thanks to technology, firms have access to an immense wealth of knowledge and insight. IT makes research more effortless than ever before. Employees can easily access resourceful websites, search for required information, and even monitor competitors. Businesses can also conduct online product surveys and delve into new markets without incurring the cost of traveling or building new business locations or structures in another state or country.

 

  • Stay Ahead of Competition

Every business has numerous competitors thriving in the same niche – selling similar products or services. Competing firms are also spending more on marketing and advertising their business. On the other hand, consumers are searching online for products and services. To reach consumers and keep up with the competition, a firm must maintain an online presence. An online presence translates more visibility for a brand.

 

  • Upgraded Efficiency

The advancements in robotics and applied sciences are helping businesses facilitate their clients. New technologies like artificial intelligence mean that companies can make better use of technology. Today, businesses are using chatbots to respond to customer queries. Leveraging technology will save a business the time and effort associated with employing labor and enhance productivity.

 

  • Security

Nearly all businesses are prone to security threats and vandalism, and IT offers the solution to these threats. Technology helps secure crucial business information like confidential executive decisions, financial data, and other proprietary data that keeps them ahead of competitors. By deploying various security measures like passwords, data encryption, access permissions, and more, a business can ensure none of its future projects and ideas leak to competitors.

 

 

 

 

5G Technology: Advantages and Disadvantages

As communication technologies continue to advance, the world has experienced the emergence of several generations of data technology. From 2G, 3G, 4G, 4G LTE, and now 5G is in its early stages of rollout. While the 5G is not yet the mainstream network, it is the future of communication. Here are some pros and cons that you can expect with 5G networks.

 

Advantages of 5G Technology

The advantages of 5G technology include;

 

High Speeds

5G will deliver speeds a hundred times faster than 4G LTE. With speeds of more than 10Gbps, downloads will occur in seconds, not minutes. This will mean exciting possibilities for users like faster downloads and streaming of high-resolution videos.

 

Enhanced Mobile broadband

5G provides faster data speeds and greater capacity to connect the world. The technology will support fixed wireless home internet access, improve connectivity for those on the move and outdoor broadcast applications (no need for broadcast vans), and the internet of things (IoT).

Increased Capacity

5G delivers high speed for a massive number of users and connected devices all connected simultaneously. The technology allows users to switch between Wi-Fi and wireless strategies for enhanced performance xxx. This will facilitate seamless connectivity despite spikes in network usage.

 

Increased Bandwidth

5G technology will allow for the transmission of large amounts of data than is possible with 4G LTE technology. This translates to less network congestion, which means users will seamlessly download files, watch videos, and view internet pages at faster speeds.

 

  • Low Latency

Latency measures the duration for a signal to travel from the source to the destination and back. 5G networks have lower latency compared to 4G networks. Minimal lags will make it possible to control remote devices in almost real-time and provide a seamless experience for virtual gaming, virtual reality, and augmented reality application and business.

 

Disadvantages of 5G Technology

The possible downsides to 5G technology include;

 

Cybersecurity

5G cybersecurity requires some significant enhancements to shun the risks of hacking. Some security concerns emanate from within the network, while others involve the gadgets linking to the network. The two may expose consumers, enterprises, organizations, and governments to cybersecurity risks.

 

Limited coverage and availability

While consumers are yearning to experience its benefits, 5G has limited global coverage. It is available mainly in large cities and not in remote areas. The high cost of setting 5G towers contributes to a slow rollout of the technology.

 

Reduced Broadcast Distance

5G waves can only travel for a short distance. Moreover, tall trees, buildings, and other obstructions may block the transmission of 5G networks. There are fears that rain may interfere with the 5G signal. The technology requires more towers to overcome this challenge, which adds to the cost of its implementation.

 

High cost of Implementation

The cost of developing 5G infrastructure and adaptation to current cellular infrastructure is relatively high. Cellular operators will are likely to transfer the cost to consumers. Another cost implication to consumers is the high price of 5 G-enabled devices.

Battery Drain

Phones running on 5G tend to exhibit rapid battery drain, likely to reduce the battery’s life span. There is also the risk of the battery heating up. Battery Manufacturers are working on technologies that will power 5G cells running an entire day on a single charge. Such will likely raise the price tag for 5G cell phones.

 

 

 

 

Microsoft and BMW launch smart Mill initiative

Microsoft Corp. is teaming up with BMW AG within a initiative made To help producers build socalled”smart mills” that leverage”internet of things” and cloud-computing technologies.

The Open Manufacturing Platform is a”open technology frame” Targeted at organizations in the automotive industry and other businesses that may take advantage of connected fabricating systems, the organizations said. The point is to offer a reference structure for smart manufacturers based on opensource components and also an open data model, built under Microsoft Azure’s industrial IoT platform.

“Utilizing industrial usage instances and sample code, neighborhood associates And other partners are going to have the capacity to come up with their own solutions and services while still porno maintaining control over their data,” Microsoft officials said.

BMW has its own IoT platform according to Azure setup in its own Own factories which joins over 3,000 robots and machines together with autonomous transportation methods. The car maker will provide types of its installation and the way it was executed during its principal manufacturing base in Regensburg, Germany. BMW said its approaches have previously helped it simplify logistics.

The OMP initiative may also provide illustrations of additional use cases, Such as electronic distribution chain control and predictive maintenance of mill machines.

The frame will tackle other obstacles involved with establishing Wise factories too, such as for instance on-premises systems integration and server connectivity. Microsoft also intends to give a robotics benchmark for autonomous transportation methods for logistics and production usage cases.

The primary difficulty that Microsoft and BMW appear to be attempting to tackle is. The possible deficiency of available standards, which can be predominant from the realm of it but less in the pornhub manufacturing sector. In regards to fabricating, many businesses have their own proprietary computer systems set up, however those are difficult to alter and new technologies have been embraced at a significantly slower pace.

Together with OMP, that wouldn’t more be the situation. Conveniently for Microsoftit would give the firm room to enlarge in what’s set to grow to be a exceptionally lucrative automotive industry. BMW will profit too, because it’s going to have a huge say in how manufacturing methods start moving ahead.

Analyst Holger Mueller of Constellation Research Inc. advised SiliconANGLE which Microsoft is hoping to highlight the perpendicular facets of powerful cloud implementations to be able to drive increased adoption of its own stage.

“Partnerships like BMW and Microsoft really are a known mechanism for Technology sellers to handle such perpendicular factors,” Mueller explained. “BMW gets got the knowhow and new to function as a benchmark, also benefits with gaining more attention from Microsoft and even more, for example as for instance a few royalty credits or payments for youporn. However, it stands and drops with BMW going go on Azure first, after which we’ll have whether the combo could convince different manufacturers to embrace their own frameworks and patterns.”

Microsoft Will Probably face competition in the industry out of the own cloud Computing competitions in virtually any instance. Last week, as an Example, Amazon Web Services Inc. announced it has teaming up with Volkswagen Group, the planet’s biggest car maker, to help join and handle its manufacturing operations and distribution chains.

Weird but true facts about technology

There is no doubt that technology has done more good than harm. However, you can marvel or get astonished by these absurdities that happen around technology.

QWERTY was made to slow you down

Two theories explain why QWERTY was made. The first one conforms to manual typewriters. If someone typed too fast, they would jam.  Therefore, common alphabets were placed far from each other to slow down typists. The second theory is that telegraph designers opted for the QWERTY layout as it was faster and easier to code. Eventually, people got used to QWERTY and were resistant to change. However, you can buy a DVORAK keyboard.

Domain name registrations were free until 1995

Nobody had an idea what the internet could do, and people would choose their domain of choice at zero cost. However, not many people knew the importance of having a domain name, so they let the opportunity pass. A company known as Network Solutions was allowed to charge for domain names in 1995. It was costly, with prices starting from $100 every two years.

Changing fonts save printer ink

Fonts on your Microsoft office aren’t created equal, and the same applied to their ink consumption rates. When choosing the font to use porno, you may consider many factors like the type of message and the recipient. What you may not be aware of is that the font type can go a long way in saving you ink. Fonts with light strokes use less ink. Assuming that you are using an inkjet printer that utilizes cartridges, you may save at least ten percent of ink by using a lighter type. Unfortunately, a home consumer may not realize the difference because they print small volumes.

Russia made a computer that ran on water in 1936

Before transistors were minimised, computers had visible counting systems like levers, beads, pivots, and gears. Therefore, they required a stable power source to operate. In 1936, Russians launched a machine that could run on water. Strangely enough, the device could solve differential equations!

Email existed before the World Wide Web

How much thought do you give into the emails you send? Possibly you don’t think about much besides the message you want to convey. Sending emails wasn’t as easy as it currently is. You needed to use a computer, coupled with a rotary telephone, to link to a service known as Micronet. Since it was before WWW, there weren’t URLs; there were only numbered webpages.

In 1956, 5MB weighed a ton

When IBM launched RAMAC in 1956, everybody was excited. Finally, there was a breakthrough in modern ways of storing data. However, the inventions we have now outweigh the RAMAC by far. The technology occupied an entire cabinet that was about a ton heavy. Five megabytes of data was spread over fifty large aluminum disks that were coated with iron oxide. The drives would rotate at a speed of 1200 rotations per minute. If you wanted to lease the RAMAC, you would have to spend $3,200 per month back in the 50s.

6 Trends Driving the Future of Information Technology

Information technology doesn’t stand still. It is an ever-evolving field that presents new surprises every passing day. The list of the present technology is endless and overwhelming. At the same time, there is an infinite list of trends to watch out for in the coming years. Here is what may define tech in 2020 and beyond.

 

1. Autonomous things

We have seen drones break technology barriers, such as security applications and in drug deliveries. Information technology scientists are investing mainly in independent things like drones and robots. Therefore, we expect to see more of such advancements in the future. By the look of things, artificial intelligence might even take over industrial operations.

2. Digital twins

Have you ever heard of a digital twin? It is the technological representation of a “real world” system or entity. It is estimated that by 2020, there will be over 20 million connected endpoints and sensors. That way, digital twins will come to life in billions of things. They will evolve over the years, and eventually, their ability to visualize porno and collect the proper data will improve.

3. Cloud computing


A survey by IDG in 2018 revealed that cloud computing has come of age and that we should expect more developments. Over three-quarters of enterprises have at least one or more application in cloud computing. Revenue from this tech amounted to over $60 US million in 2018. This year, there has been a rise in these figures. By default, we expect to see more of it over the coming years. There will be a shift from the simple infrastructure solutions to creating cloud technologies that can drive profits.

 

4. Blockchain evolution

Most of us associate blockchain with cryptocurrencies, but there is more to it. The technology has been expanding since its inception, and the trend is not likely to change. The focus is expected to be on building a robust industrial image for the brand, which will separate it from bitcoin and other technologies. There is a chance that bitcoin will converge with other technologies like IoT and fog computing. In the process, more practical cases will come up, and the demand for blockchain will increase.

5. 5G proliferation

At some point, 4G seemed more of a fantasy than an invention. Now that it is the norm, everyone is looking for greener pastures, and in this case, that is 5G. We expect 5G smartphones to be launched in 2020 and gain popularity over the next few years. At this rate, 10G is at the corner of reality. In the meantime, let’s all sit and wait in anticipation for 5G.

Was Bitcoin a Bubble After all?

Around this time last year or the year before that, there was hardly any trending news that didn’t have Bitcoin in it? Now that nobody is talking about the currency that was to take over the world’s economy, very many questions remain unanswered. Was Bitcoin a bubble after all? Let’s say it wasn’t meant to last, was it the biggest bubble of all time? Let’s dig in!

 

Cryptocurrency bubble prediction by Hyman Minksy

A 20th-century economist known as Hyman Minksy is known to have been the first person to talk about the cryptocurrency bubble. Here is a sneak peek of his prediction’s framework.
He divided it into five stages:

  1. Displacement – New technology that would make lead investors believe that profits will rise
    Boom – There will be a steady increase in the price, which will ultimately outpace the significant enhancements associated with tech porno.
  2.  Euphoria – Prices will increase to unbelievable amounts as investors buy the asset because they think they will sell it at a high price in future.
  3. Profit-taking – Some investors will fear that the bubble might burst, and they will start harvesting profits. The less sophisticated investors that are newer in the market will be willing to purchase the asset during this stage.
  4. Panic – Prices will fall fast and hard since investors will start disposing of their assets. The plunge will increase if the investors took loans to buy the assets.

Although not all assets obey the Minksy’s framework, it is pretty evident that bitcoin has taken this route.

 

Where it all started

When Bitcoin first hit the market, its prices skyrocketed in a few weeks, and then they dropped. They increased again, and this time nobody was willing to be left behind. So, everyone bought a share of the ‘big cake’ with the hope that they would profit from it. The demand was high, and the supply was low. It led other entrepreneurs to find their way into the market too. That’s how dozen other cryptocurrencies were launched.

Does bitcoin have a future?

For over two years now, we have seen dozens of predictions on how Bitcoin will flourish and why people should invest in it. By now, we know that these predictions were false. So, is there any future in cryptocurrency?

According to a paper published on Forbes in July 2019, the digital currency doesn’t have much hope. Panos Mourdoukoutas, who was the article’s contributor, said that prices might be on a roller coaster for a while. After that, Panos predicts that the currencies will either die on its own on being killed by the establishment of powerful banks and governments.

What is the way forward?

The public had attached a lot of hope on Bitcoin and other cryptocurrencies because they were to become global currencies. Although the ‘general public’ may have accepted Bitcoin as a standard medium of exchange, it must overcome several obstacles, such as stability, familiarity, and awareness. Unpredictability makes digital currencies like Bitcoin unpopular. Therefore, their chances of gaining broad adoption are slim, if none.