Exploring Artificial Intelligence Variants and Their Uses – RTInsights

The common thread across all AI technologies is the ability to impart human-like decision-making capabilities into applications and systems.

Artificial intelligence (AI) refers to thesimulation of human intelligence in systems programmed to think like humans andmimic their actions. AI includes a broad range of technologies, including cognitive computing, deep learning, expert systems, machine learning, natural language processing, and IBM Watson.

The common thread across these areas, and allof AI, for that matter, is the ability to impart human-like decision-makingcapabilities into applications and systems. Experts predict AI will be rapidlyadopted because they believe it will be a disruptive technology acrossmany industries.

There already are many examples of the impactAI has in a variety of fields, including:

AI is a very broad field with manysubcategories. Each is aimed at particular application areas and uses specifictechnologies for those application areas. They include

Cognitive computing is the use of computerizedmodels to simulate the human thought process in complex situations where theanswers may be ambiguous and uncertain. It mimics how humans learn, think, and adapt,enabling a wide range of real-time insights and actions.

For example, cognitive computing is being usedto aid human resources with hiring decisions, help doctors make diagnoses and treatment decisionsby using the data relating to a patients case to make suggestions withconfidence levels assigned to them, and improve call center customer experience.

Cognitive computing enables such applicationsusing several technologies, including:

Deep learning is a subset of machine learningin artificial intelligence (AI) that has networks capable of learningunsupervised from unstructured or unlabeled data. Deep learning systems notonly think, but keep learning and self-directing as new data flows in.

Deep learning can play a role in a range ofreal-time, interactive applications, including speech recognition, visual recognition, and machine translation.It accomplishes this using several techniques and technologies including:

An expert system that uses artificialintelligence techniques and databases of expert knowledge to offer advice ormake decisions. In particular, expert systems emulate the decision-makingability of a human expert. Expert systems are designed to solve complexproblems by reasoning through bodies of knowledge, represented mainly asif-then rules rather than through conventional procedural code.

A key attribute of expert systems is that theyautomate many tasks and work interactively with external information (e.g., atext message, an event log, a verbal question or answer, and more). Applicationareas for expert systems include use as:

Machine learning is an application ofartificial intelligence that provides systems the ability to automaticallylearn and improve from experience without being explicitly programmed. Machinelearning uses structured data that has a single, direct input for each fieldused. In general, machine learning makes use of clean data, that is easy towork with, and for which there are no nuances to it. (In contrast, deeplearning uses unstructured data.)

Machine learning is best when there aremassive volumes of structured data that would take years for a human operatorto process. It can efficiently classify information, predicting outcomes basedon previous behavior and performance, and organizing information together basedon key variables. General applications areas include:

Natural language processing (NLP) makes use oflinguistics and artificial intelligence to improve interactions betweencomputers and humans. In many applications, NLP is used to helpsolve a problem, answer a question, or direct a person to an appropriateresource based on the spoken word.

To achieve such results, NLP-bases systemsmake use of some core technologies and deliver essential capabilities,including:

IBM Watson is an artificial intelligence platform that helps businessespredict and shape future outcomes, automate complex processes, and optimizeemployee productivity. It is widely known from its first use case as a questionand answer computer system used in a series of matches against humans on the TVshow Jeopardy!

Today, IBM Watson technology delivers acompetitive advantage to businesses by using AI to unlock the value of data innew, profound ways, giving every member of a business the power of AI. IBMWatson consists of a suite of pre-built applications and tools to givebusinesses insights to predict and shape outcomes and infuse intelligence intoyour workflows. Implementations of IBM Watson include:

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Exploring Artificial Intelligence Variants and Their Uses - RTInsights

What Soldiers, Doctors, and Professors Can Teach Us About Artificial Intelligence During COVID-19 – Education Week

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Artificial intelligence technology can tell doctors when a scan reveals a tumor, can help the military distinguish between a truck and a school bus as a target, and can answer a high volume of college students questions.

Sectors of our economy such as the military, health care, and higher education are much further along than the K-12 system in incorporating artificial intelligence systems and machine learning into their operations. And many of those useseven when they are not specifically for educationcan spark ideas for applications in K-12 that may be more pertinent than ever imagined.

With the coronavirus upending traditional ways of delivering education, AI technologieswhich are designed to model human intelligence and solve complex problemsmay be able to help with logistical challenges such as busing and classroom social distancing, provide support to overwhelmed teachers, and glean new information about remote learning.

AI techniques and systems are like the internal combustion engineyou can use them to power a lot of different things, said David Danks, a professor of philosophy and psychology at Carnegie Mellon University in Pittsburgh, who studies cognitive science, machine learning, and how AI affects people. The exact same thing can be used to predict whether someone has cancer, or whether students understand a concept, or to classify somebody as a bad guy you want to go after.

Of course, there are lots of potential trouble spots when thinking about the role of AI in K-12 education. Artificial intelligence learns from the data that are fed into it, and if that input includes bad data or data applied incorrectly, poor or biased decisions may result. At the same time, the use of AI in K-12 raises very serious data-privacy concerns because such technologies would likely be used to personalize education or make important decisions for individual students.

But even with those concerns, AI advocates say other sectors are already offering lessons learned for how the technologies could be used in K-12 for teaching and learning and the management of schools. That is especially the case with the military, health-care, and higher education fields.

Here is a look at what K-12 educators, policymakers, and planners could learn from those three sectors:

Nearly every military in the world believes that advances in AI will play a critical role in shaping the future of military power. But there are big disagreements about what is possible and what is wise.

SimulationsMilitary leaders are using AI simulations to assess military tactics and determine the likely outcome of strategic plans. Plugging different variables into these scenarioseverything from weather predictions to the timing of attacks and estimating troop numberscan show how outcomes might change. Also, soldiers can get important practice in simulated real-world settings with low risk.

> K-12 Applications: AI-powered simulations could be useful for planning purposes for everything from scheduling to determining the most effective models for social distancing when students return to their school buildings amid the COVID-19 outbreak. Some companies are already using simulations to train educators on successful techniques to help students with social-emotional learning, trauma, and mental-health issues.

MaintenanceTanks, airplanes, submarines, trucksall that military equipment needs to be maintained to keep troops safe and operations running smoothly. Some high-tech AI systems can predict when parts need replacing before they break or when systems need tuneup. Artificial intelligence has helped the military optimize in-flight refueling of jets to make the dangerous technique safer and more efficient.

> K-12 Applications: School districts also rely on a lot of equipmentthink buses, computers, air conditioning systems, and more. AI-powered smart programs are already being used in some schools to fine-tune building operations, lower energy costs, and manage maintenance and repairs.

LogisticsThe backbone of the military revolves around logistics and supply-chain management. How to get equipment and personnel from point A to point B most efficiently and cost effectively is something that AI systems are tackling for the military.

> K-12 Applications: The uses are widespread: AI systems could optimize scheduling, the distribution of laptops, cafeteria operations, and bus routes. In fact, the Boston school district has saved more than $5 million using a high-tech AI system that streamlined bus routes.

At its core, AI is really about using big data to be able to help predict what will happen so we can show up at the right time with the right solution.

ScanningArtificially intelligent technologies can analyze radiology and CT scans looking for abnormalities. Programs can quickly sift through images much faster than humans and identify patterns based on vast data. These techniques can identify tumors and health issues and suggest treatments, which are then reviewed by medical professionals.

> K-12 Applications: Programs powered by artificial intelligence could do a better job identifying student risk factors and recommending earlier and more targeted academic or mental-health interventions. The goal isnt to replace teacher decisions but to save teachers time and to amplify their own expertise. Using big data and AI to spot patterns might be applied to other situations, such as taking student temperatures to check for COVID-19 before they enter school buildings or being able to target outbreaks more quickly.

PersonalizationAccess to massive amounts of digital medical data and the use of AI to analyze it are making it easier to personalize medical treatments for patients. AI can predict how someones current health behaviors are likely to affect their future health outcomes. High-tech systems can design much more sophisticated drug and treatment strategies tailored to an individual patients biology or type of cancer, for example.

> K-12 Applications: Many education companies already talk about being able to help personalize the learning experience for students, but this is still just an emerging effort in most places. Some K-12 programs are using artificial intelligence to collect data on student behavior and academic engagement and then guide students through suggested individualized lessons. CENTURY Tech, a London-based company, for example, uses an AI platform that tracks student interactions and behavior patterns and academic performance to create personalized learning paths.

TrainingArtificial-intelligence-powered programs are being used to train medical professionals in many ways. AI company Kognito, for example, uses its health simulations to help doctors and nurses practice discussing and interacting with patients around sensitive topics like obesity, mental health, and suicide. Through conversations with virtual humans, medical practitioners can practice and model effective techniques.

> K-12 Applications: Kognito has a version of its product that is designed for educators, training them to lead conversations with students around social-emotional learning and mental health, using research-based language and techniques. An expanded version of this technology could be applied in other areas. About 15,000 K-12 schools currently have access to Kognito simulations.

Cost SavingsEarly medical intervention, making sure patients adhere to treatment, and supply-chain management are all ways that AI can affect the bottom line in various aspects of health care.

> K-12 Applications: The same goes for schools and districts. AI-powered programs could predict what supplies are needed and where with more accuracy, analyze budget trends, and identify spending patterns in areas ripe for savings, especially given that K-12 budgets are likely to be slashed significantly as the economy struggles through COVID-19.

Theres not an obvious wall between higher education and K-12 [around uses for AI].

Remote LearningWhat if teachers could have more information in real time about whether their students grasp concepts or are struggling when learning online? Whitehill is exploring the idea of an AI-based program that uses a video camera to take many small snapshots of students as they learn remotely to analyze their facial reactions. Such a program would provide teachers with real-time feedback on students cognitive and emotional states. (But that program is also just the kind of technological approach that would prompt intense criticism from student-data-privacy advocates.)

Virtual Teachers AssistantWhen Georgia Tech interactive-computing professor Ashok Goel was having a hard time answering all the questions coming from the hundreds of students in his online computer science class, he created an artificially intelligent tutor he dubbed Jill Watson. She was able to answer many of the students more routine questions, freeing up time for Goel to do higher-level work. Since that first experiment, Watson is now used in 17 online classes, Goel said, covering more than a thousand person-hours of work. Goel, who is also the chief scientist for C21U, a company developing innovative uses for AI, is now working to adapt Watson for high school and middle school teachers. And with remote learning, he believes the AI teaching assistant could also be used to help answer parents questions as they support students at home.

Essay GradingColleges and universities are already using this approach to some degree, and this latest version of that technology is moving into the K-12 education space. Automated AI essay graders have been around for some time, but the makers of the software say the AI features now available are much more sophisticated evaluators of student writing than what were available years ago. They can judge hundreds of features in a written piece, everything from spelling and grammar to sentence structure. (Lots of concerns remain that these programs can be biased, can fail to interpret creativity correctly, and can be gamed by students writing to the algorithm.) Though some states are using these types of programs to grade essays on their standardized state tests, theyre yet to be widely adopted on a district and school level.

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SUSE infuses portfolio with artificial intelligence and edge technology – SiliconANGLE

Now independent from previous owner Micro Focus International PLC, SUSE is out to make its presence more deeply felt with developers and innovators. Its biggest competitors, Red Hat Inc. and Microsoft Corp., have developed impressively broad, varied portfolios. Can SUSEpull any tricks from its Linux-distro hat interesting enough to compete for the attention of leading-edge, developer-driven IT departments?

Even amid the COVID-19 pandemic, SUSEis busily engaging with its community, according toMelissa Di Donato, chief executive officer of SUSE.Open source is developing a community that often times does not sit together. And now were really trying to engage with that community as much as possible to keep innovation alive, to keep collaboration alive, Di Donato said.

SUSE will collaborate and integrate with its developer community in 2020, as well as sharpen its focus on Linux use cases at the edge, such as autonomous driving, Di Donato added.

Di Donatospoke withStu Miniman, host of theCUBE, SiliconANGLE Medias livestreaming studio, during the SUSECON Digital event. They discussed how to drive engagement in open-source communities and how SUSEis infusing its portfolio with artificial intelligence, edge technology and more. (* Disclosure below.)

SUSEhas recently opened up a community to developers with content around Linux, DevOps, containers, Kubernetes, microservices and more. It has also introduced the SUSECloud Application Platform Developer Sandbox.

We wanted to make it easy for these developers to benefit from the best practicesthat evolved from the cloud-native application deliverythat we offer every day to customers and now for free to our developers, Di Donato said.You can expect SUSE to enter new markets like powering autonomous vehicles with safety-certified Linux and other really innovative technologies.

For example, SUSEiscarving out fresh terrain through its partnership with ElectrobitWireless Communications Oy, aleading providerof embedded software solutions for automotive. The two companies will be working on the use of safety-certified Linux in self-driving cars. Also, next quarter the company will announce a solution for simplifying the integration of AI building blocks into software.

Heres the complete video interview, part of SiliconANGLEs and theCUBEs coverage of the SUSECON Digital event. (* Disclosure: TheCUBE is a paid media partner for SUSECON Digital. Neither SUSE, the sponsor for theCUBEs event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

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SUSE infuses portfolio with artificial intelligence and edge technology - SiliconANGLE

Humans And Artificial Intelligence Systems Perform Better Together: Microsoft Chief Scientist Eric Horvitz – Digital Information World

According to a recent study, humans and artificial intelligence systems can perform better when both of them work together to tackle problems. The research was done by Eric Horvitz Chief scientist Microsoft, Ece Kamar the Microsoft Research principal researcher, and Bryan Wilder, a student at Harvard University and Microsoft Research intern.

It seems that Eric Horvitz first published the research paper. He was hired as Microsoft principal researcher back in the year 1993 and the company named him Microsoft Chief Scientist officer during March. He led the companys research programs from the year 2017 to 2020. The research paper was published earlier this month and it studies the performance of artificial intelligence teams and humans operating together on two PC vision projects namely breast cancer metastasis recognition and Galaxy categorization. With this proposed approach, the artificial intelligence (AI) model evaluates which tasks humans can perform best and what type of tasks AI systems can handle better.

In this approach, the learning procedure is developed to merge human contributions and machine predictions. The artificial intelligence systems work to tackle problems that can be difficult for humans while humans focus on solving issues that can be tough for AI systems to figure out. Basically, AI system predictions generated with lower accuracy levels are routed to human teams in this system. According to researchers, combined training of human and artificial intelligence systems can enhance the galaxy classification model for us. It can improve the performance of Galaxy Zoo with a 21 to 73% decrease in loss. This system can also deliver an up to 20% better performance for CAMELYON16.

The research paper states that the performance of machine learning in segregation overcomes the circumstances where human skills can add integral context, although human teams have their own restrictions including systematic biases. Researchers stated in the paper that they have developed methods focused on training the AI learning model to supplement human strengths. It also accounts for the expense of inquiring an expert. Human and AI system teamwork can take various forms but the researchers focused on settings where machines would decide which instances required human absorption and then merging human and machine judgments.

Horvitz, during the year 2007, worked on a policy to examine when human assistants should interfere in consumer conversations with computerized receptionist systems. The researchers also stated in the paper, Learning to Complement Humans, that they see opportunities of studying extra aspects of human-machine cooperation across various settings. While studying a different type of teamwork, Open Artificial Intelligence research experts have looked at machine assistants operating together in games such as hide and seek, and Quake 3.

Photo: Ipopba / Getty Images

Read next: Researchers Developed An Artificial Intelligence System That Can Transform Brain Signals Into Words

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Humans And Artificial Intelligence Systems Perform Better Together: Microsoft Chief Scientist Eric Horvitz - Digital Information World

Machine Learning and Artificial Intelligence in Healthcare Market 2020 Driving Forces, Future Growth, Top Key Players, Industry Share, Regional…

Machine Learning and Artificial Intelligence in Healthcare Market analysis report have recently added by Research N Reports which helps to make informed business decisions. This research report further identifies the market segmentation along with their sub-types.

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Artificial Intelligence Equipped Supercomputer Mining for COVID-19 Connections in 18 Million Research Documents – SciTechDaily

By DOE/Oak Ridge National LaboratoryMay 19, 2020

Using ORNLs Summit supercomputer, scientists can comb through millions of medical journal articles looking for possible connections among FDA-approved drug therapies and known COVID-19 symptoms. Credit: Dasha Herrmannova/Oak Ridge National Laboratory, U.S. Dept. of Energy

Scientists have tapped the immense power of the Summit supercomputer at Oak Ridge National Laboratory to comb through millions of medical journal articles to identify potential vaccines, drugs, and effective measures that could suppress or stop the spread of COVID-19.

A team comprising researchers from ORNL and Georgia Tech are using artificial intelligence methods designed to unearth relevant information from about 18 million available research documents. They looked for connections among 84 billion concepts and cross-referenced keywords associated with COVID-19 such as high fever, dry cough, and shortness of breath with existing medical solutions.

Our goal is to assist doctors and researchers ability to identify information about drug therapies that are already approved by the U.S. Federal Drug Administration, said ORNLs Ramakrishnan Ramki Kannan.

A massive subset of 6 million documents dated between 2010 and 2015 took 80 minutes, and the entire 18 million will take less than a day to run on Summit. Results will be shared with medical researchers for feedback, which will inform adjustments to improve future calculations.

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Bitcoin prices slip amid speculation that a block of the cryptocurrency possibly linked to creator Satoshi Nakamoto just changed hands – MarketWatch

Bitcoin prices retreated Wednesday afternoon amid speculation that a long-dormant block of coins, with links to the presumptive creator of the virtual asset, just changed hands.

A Twitter account set to issue tweet alerts when coins tied to certain addresses trade, indicated a trade of a batch of virtual currency that is possibly tied to Satoshi Nakamoto, the person or persons who wrote the software code for the digital currency back in 2009. The identity of Nakamoto has long been speculated on but the originator of bitcoin has never been verified.

Read:Elon Musk says hes not bitcoins mystery man Satoshi Nakamoto

Check out: Legendary sci-fi author says suggestion he invented bitcoin flattering but untrue

About 11 years ago, he created, or mined, the original batch of bitcoins that are widely known as the genesis block.

The tweet suggests that the batch of some 40 or 50 bitcoins that changed hands on Wednesday were mined within the first month of the creation of bitcoin.

See:Craig Wright Claims He Is Bitcoin Inventor Satoshi Nakamoto

To be sure, the anonymous nature of the bitcoin makes it impossible to know the owner of the coins but the technology that underpins bitcoin makes tracking addresses of the certain blocks of coins possible.

Sleuthing for coins tied to the progenitor of the digital asset has become a regular pastime in the crypto community. Tracking big blocks of bitcoin also helps to understand the habits of those who hold substantial influence on bitcoin prices by dint of their holdings.

Bitcoin futures, representing a single bitcoin, were off 1.3% in Wednesday afternoon, with the most-actively traded May BTCK20, -0.20% BTC.1, -0.20% at $9,550, while bitcoin spot prices BTCUSD, -0.83% were off 1.8% at $9,525, according to data from CoinDesk.

Bitcoin futures are up more than 32% so far in 2020, and they had been trading at an intrasession peak at $9,895 on Wednesday before settling lower.

A number of industry participants have pointed out that the fact that the bitcoins are 2009 vintage doesnt necessarily mean that they are related to Nakamoto.

However, that didnt stop interest in bitcoin surging on Twitter, with the term satoshi becoming a viral term on the social-media platform Twitter Wednesday afternoon.

Bitcoin was created as an alternative payment system 11 years ago, one that operated anonymously and peer-to-peer, eliminating the so-called trusted third party.

The cryptocurrency was born amid worries that modern currency is manufactured by central banks printing fiat money to boost economic growtha view that has gained increasing traction amid the COVID-19 pandemic.

Proponents of bitcoin argue that because the digital asset is decentralized from central banks or governments, individuals can conduct transactions without an intermediary. That is part of the appeal of bitcoin.

However, the nascent asset hasnt made significant headway in price since hitting a December 2017 peak near $20,000.

Critics also point to the cryptocurrencys association with money laundering as one of its biggest drawbacks. So far, bitcoin hasnt achieved sufficient scalability to make it a legitimate currency much less a store of value, other opponents say.

That said, bitcoin has managed to hold its own compared with gold thus far this year, with gold futures GC00, -0.73% up 15% in the year to date. By comparison, the S&P 500 index SPX, +1.66% is down 8.1% so far this year and the Dow Jones Industrial Average DJIA, +1.52% are off nearly 14% after a coronavirus-induced downturn virtually brought the equity markets to their knees in March.

Read:What is the bitcoin halving and which day does it happen?

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Bitcoin prices slip amid speculation that a block of the cryptocurrency possibly linked to creator Satoshi Nakamoto just changed hands - MarketWatch

The Fed Is Bitcoins Best Friend – Forbes

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It is nothing new in equities to watch an index rise towards a round number and fall back when it touches it, but for a new generation of crypto hodlers its a new experience.

There are always reasons given, ones that are plausible but not inclusive.

The Bitcoin price seems reluctant to go over $10,000

Classically the explanation is that there are sellers at, in this case, $10,000, who dump when the price gets close. Sounds likely. The more sophisticated version is that there are people who bought at $10,000 who then saw the price fall hard and that have been holding until the price gets back there, then sell. That is very stupid trading behavior, but I have heard real people say as such, so it is a factor.

However, mathematically, to break any level never to return on a skewed random walk, the chances of a clean break are about 1 in 5, more or less depending on the underlying trend buried in the random noise. That is to say, if there is a small directional trend inside a big wobbling market (hello bitcoin) the price will bash around any arbitrary level many times before it never revisits that level again. This doesnt require the behavior of novice investors behaving strangely or any other theory or conspiracy to make a price appear to approach a level and then fall back. Obviously, we can roll human factors into that theory without them clashing. We can also spout on about support and resistance and again it might be a real factor or simply false pattern detection by our pattern seeking brains.

Charts are not generally good predictors of the future and work best in crazy times when the markets lose their normally overwhelmingly random fluctuations.

I use charts to help me see where an instrument has been and gauge its temperament. I draw few lines and keep it incredibly simple. Charts are prefect predictors of the past and that has some value because it gives context.

The only question remains, which way is the market going? So looking at the chart thats what we should ask, which way is the market going?

Which way is the Bitcoin price going?

With the halvening behind the bitcoin (BTC) investor, the price should soon be through $10,000. The Federal Reserve have said it will do whatever it takes while encouraging the government to spend like a sailor.

Thats dole for the masses in floods of dollars. So what currency should you hold, when Europe is printing and Japan is printing and China is printing, and on and on. Couple that with what looks like international coordination to competitively devalue and its hard to think of a place to get out of the way of all this monetary easing.

Which is why I have as much bitcoin as sensible diversification allows.

Clem Chambers is the CEO of private investors websiteADVFN.com and author of 101 Ways to Pick Stock Market Winners and Trading Cryptocurrencies: A Beginners Guide.

Chambers won Journalist of the Year in the Business Market Commentary category in the State Street U.K. Institutional Press Awards in 2018.

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The Fed Is Bitcoins Best Friend - Forbes

This Bitcoin Documentary From Africa Is Streaming on Amazon Prime – CoinDesk – CoinDesk

Demand for bitcoin is still surging across Africa, regardless of the broader economic crisis, according to peer-to-peer exchange data from Paxful and LocalBitcoins.

However, there is no single African crypto narrative because users in jurisdictions across the continent use the technology for vastly different circumstances.

Starting Friday, Amazon Prime will offer the documentary Banking on Africa: The Bitcoin Revolution, made by South African filmmaker Tamarin Gerriety with sponsorship from the crypto exchange Luno. It features industry heavyweights including SatoshiCentre founder Alakanani Itireleng in Botswana and South African monero developer Riccardo Spagni. The film shows how vastly different their lives are, from a Botswanian goat farm to Spagnis urban rooftop and drone.

So far, it appears Nigeria, South Africa, Kenya and Ghana are home to the fastest-growing communities of bitcoin users on the continent.

A January 2020 report by the market research firm DataReportal estimated 11% of Nigerians and 13% of South Africans under the age of 64 with internet access own cryptocurrency, compared to the 7% global average.

One such bitcoiner, Nigerian entrepreneur Keith Mali, bought his first bitcoin in 2016, dropped out of university in 2018 and has been giving lectures at schools across the region about bitcoin ever since. Hes also the founder of the social media startup Swirge.

Cryptos have a higher chance of growth [in Nigeria] compared to the West ... especially for cross-border remittances, Mali said. We just launched our public beta during this pandemic and weve grown beyond 20,000 users, with no initial coin offering.

People are looking at ways to diversify their incomes, he added.

Likewise, a Nigerian BuyCoins user named Nnanna Ijezie said he and many of his friends use multiple accounts, including Luno, Coinbase and BuyCoins, to convert a portion of their salaries into bitcoin for savings. Nigerians who travel or have family abroad also use bitcoin for remittances, he said. Exchanges are predominately used for buying, while social media groups for traders are used for liquidation.

Anyone in Nigeria for the past five years has experienced devaluation at least twice so [bitcoins] volatility is a trade-off people are willing to make, Ijezie said. But most of the trading is happening offline. In Nigeria, the market is also tied to the strength of the diaspora population.

BuyCoins, Binance and Luno all see lucrative traction in Nigeria. This week Lunos research partner, Arcane Research, issued a report to complement the Banking on Africa film. The report said Lunos four million users, primarily in South Africa but also including many Nigerians, are inspired by inflation concerns, political instability and scant access to affordable financial services. They transact $4.5 million worth of cryptocurrency every day.

Data from both Arcane Research and peer-to-peer exchanges indicate traction in Ghana and Kenya is also surging.

Entrepreneurial bitcoin educator Michael Kimani in Kenya said he is running a class of 25 people, paying $200 each for 2.5 hours for five weeks. Its his third class since last November.

The classes are mostly equally representative, roughly half of them are women, Kimani said, describing his educational project Crypto Baraza. Whats driving their interest is the fact that our economy could be heading south. The students coming to my class are looking to escape the economy, they are looking for alternatives. Bitcoin is that.

Like so many African bitcoiners, Kimani is a freelancer juggling several jobs. In addition to research and technical services, he runs the Blockchain Association of Kenya, a nonprofit think-tank comparable to the Coin Center in Washington, D.C. He prefers using over-the-counter groups on WhatsApp rather than exchanges like Luno.

The groups Im on are like 120 or 150 people in each. I didnt start getting paid in it [bitcoin] until recently. Ive never paid for anything in it, Kimani said, describing how he uses bitcoin.

He added his students generally arent attracted to bitcoin for philosophical reasons, nor any aversion to central banks. Instead, they want to use it.

Many of the students in my class will tell you their first experience with crypto was a scam or a bitcoin mining scheme, Kimani said. Ive seen schemes like this as far back as 2014. Kenya, Nigeria, Ghana, weve gone through the scam cycles and came out with higher volumes.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin-Backed Ethereum Token tBTC Paused Due to Poorly Tested Redemption Code – CoinDesk – CoinDesk

Keep Network says a flawed code addition forced the shutdown of its bitcoin-backed Ethereum token, tBTC, just two days after it launched.

On May 18, deposits of bitcoin into tBTC were paused for 10 days a move prompted by a bug that was supposedly missed by a security audit and was later found by two of the network's contributors.

That bug, Keep Network revealed in a Medium blog post Wednesday, related to a flaw in the processing of deposit redemptions (when users try and pull bitcoin back out of the system), essentially due to the code's inability to tell different types of bitcoin addresses apart.

"The team triggered this pause after finding a significant issue in the redemption flow of deposit contracts that put signer bonds for open deposits at risk of liquidation when certain types of bitcoin addresses were used in redemption," Keep Network, which is behind the Thesis project that launched the token, said in the post.

The team noted that redemptions had originally been restricted to p2wpkh address outputs, but were later widened to include "any other output scripts." The issue arose if a user tried to redeem pay-to-scripthash (p2sh) addresses. This changed code had not been specifically tested, bar more generally on testnets at a later stage, the post concedes.

"[D]ue to a bug in the redemption dApp in use at the time, the proof step of the redemption flow never occurred," Keep Network wrote. "These p2sh addresses would have failed validation had the proof step occurred, but reliance on the dApps display of a completed state meant the team assumed the redemption had completed successfully, when it in fact had not."

A second bug was also found meaning that, even if the proof code had been free of issues, a "malicious redeemer" could have specified an output script that resulted in an invalid bitcoin transaction.

Community manager at Blockstream, Daniel Williams, who has an interest in bitcoin and goes by the handle, @Grubles, critically summed up the primary bug in a May 20 tweet, saying:

While the bug and subsequent pause have been a setback for the Thesis team, a new call out has been made to solicit help from code auditors to help track down any further issues.

In addition to technical and process changes, the Thesis team will be announcing how it plans on approaching a "redeploy of the tBTC system" and how that will impact existing plans around the KEEP token distribution.

"Were looking forward to showing the world a stronger, more secure Bitcoin on Ethereum," the team said

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Bitcoin-Backed Ethereum Token tBTC Paused Due to Poorly Tested Redemption Code - CoinDesk - CoinDesk