Episode 2 | Digital Finance, The World Trend

2022.07.18

Crypto News Talk is a bilingual series of programs produced by Himalaya Australia Digital Soldier H-Pay Promotion Group, aiming to promote H-coin, Himalaya Exchange, H-Pay, knowledge and changes in the crypto market industry. The slogan of the program is Wealth Pulse, Commercial Opportunities, Strategic Outlook, Crypto News Talk.

Bitcoin Plunges: What’s the future of El Salvador

In a subsistence village in western El Salvador, authorities claim that all transactions can be made in bitcoin, but local farmers say they’ve “never even heard of it”. Bitcoin is a cryptocurrency that is not linked to gold, and the volatility of sellers will fluctuate with market demand, making it very unstable. The essence of money is to ‘circulate’, when 90% of a country doesn’t use mobile banking, even if digital currency has become legal tender, it’s useless in substance and doesn’t increase the value of bitcoin.

HDO gains the trust of RM Sotheby's

According to a report by Himalaya Finance:

A 1989 Ferrari 640 race car has been sold using the stable coin Himalaya Dollar HDO.
The transaction was undertaken by RM Sotheby’s, the classic car auction house, and was completed for the equivalent of €3.6 million.
The car was owned by British ex-racer Nigel Mansell.
Nigel Mansell won the 1992 Formula 1 World Championship and the 1993 North American Formula CART World Championship.
Ferrari 640 won 3rd place for the Italian team in the 1989 World Team Championship and won the Brazilian and Hungarian Grand Prix for Mansell.
For the first time in history, a Works driver publicly auctioned off his Grand Prix Ferrari.
The Buyer decides to use HDO for this world-class car purchase.
Despite the recent plunge in the cryptocurrency market, HDO has remained stable at 1:1 with the US dollar without fluctuation.
Impressively, this makes HDO the only stable coin in the world that has remained 100% during this period of uncertainty.
Military-grade technology makes the Himalaya coin one of the most secure cryptocurrencies on the market.

Quantum computers will change the world

According to a report by Yahoo Taiwan:

Quantum computers are also seen as a game changer in encryption systems.
Especially the existing Bitcoin, will suffer from a decryption crisis as soon as next year.
IBM has revealed that the Condor, a 1,121-qubit computer to be launched in 2023, can severely decrypt the Bitcoin, setting off warnings to the existing encryption system.
Quantum computer is an advanced version of a high-performance computer.
In the case of Taiwan’s natural person certificate IC card, the key length is 2048 bits, and it would take 4.6 billion years to decrypt it using existing conventional computers.
But with a 200,000-bit quantum computer, it only takes 8 hours.
The biggest problem facing quantum computers is that they are not as accurate as traditional supercomputers and cannot give very precise answers.
Quantum computers are suitably applicable in N scenarios to find the “best answer” computing model.
- Financial analysis
- Material Pharmaceutics
- Machine learning
- Traffic control