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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...

The Future of Artificial Intelligence & Ethics on the Road to Superintelligence

The human brain, consisting of roughly 86 billion neurons, rivals the world’s best supercomputers in terms of magnitude, efficiency, and speed, using as little energy as a small 20-watt light bulb. Human evolution took tens of thousands of years to adapt noticeable brain size and architecture changes.

 

Evolution is a slow process that can take eons for changes to occur. Technology, on the other hand, is amazing in terms of how fast it is moving along, blending into the world seamlessly. The technological evolution notably occurs at a faster pace compared to biological evolution.

 

To further understand the situation, imagine a frog in a pot of water that heats up 1/10th of a degree Celsius every ten seconds. Even if the frog remained in that water for, say an hour, it would be unable to feel the minute changes in temperature. However, if the frog is dropped into boiling water, the change is too sudden and the frog jumps away to avoid fate.

 

 

Let's take a gigantic chessboard and a grain of rice, for scale, and place each grain of rice to a corresponding chess square following a sequence: for each passing square, we double the amount. Upon applying this, we get:

 

1) 1

2) 2

3) 4

4) 8

 

And so on. You must be thinking, “What difference does doubling a grain of rice for every box make?” But one must remember that, at some point, the number from which the count started will be totally indistinguishable to the end result. Still on the 41th square, it contains a mountainous 1 trillion grains of rice pile.

 

41) 1,099,511,627,776

 

What started out as a measly amount, barely feeding a single ant, has become massive enough to feed a city of 100,000 people for a year.

 

 

The development of technology over time

In the year 1959, the global output of transistor production of 60 million was huge. It was deemed a manufacturing achievement to produce such an amount. Although looking at the world today, it pales because of how far the transistor development has come. A modern i7 Skylake processor contains around

 

(Skip to 5:15 in the video, to hear the global transistor manufacturing achievement in 1959)

https://www.youtube.com/watch?v=2466CBuOxVg

 

1,750,000,000 transistors. It would take 29 years of 1959’s transistor global production to match one i7 Skylake transistor count.

 

The transistor manufacturing size in an i7 Skylake processor is 14 nm. For reference, a silicon atom is about 0.1176 nm across: 14/0.1176=119 Meaning, a transistor in an i7 Skylake processor is only about 119 atoms across.

 

Therefore, one can conclude that it takes technology to build technology. In the past, civilization was limited to the usage of paper and writing. Calculations done by hand tend to be slow and tedious.

 

 

Whyfuture.com - Lets think about the future

Artifical Intelligence - Artificial Intelligence & Ethics on the Road to Superintelligence

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