digital

What is Digital Currency?

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We now live in a digital world where almost everything is now digitalized. Even money itself has now become a become a digital currency. From the looks of this, cash may not be present forever, because there’s been a recent switch in modes of payment which can cause the extinction of cash. This recent development is Digital currency (or money).   What is digital currency? Digital currency (or money) is a form of money or means of payment that is available in only electronic or digital form. It is not physically tangible because they’re in electronic form and can only be accessed with computers or mobile phones with an internet connection. Digital currencies are stored in a centralized or decentralized ledger or block-chains.   Characteristics of digital currency As stated earlier, digital currencies only exist in electronic/digital form. They don’t have any physical form. Digital money can be in centralized or decentralized currency form. An example of a centralized form is the Fiat currency. A decentralized form of currency example is Cryptocurrencies such as Bitcoin.   Types of digital currency Different types of digital currencies exist in the digital world. Here are 2 major types of digital currency; Cryptocurrency: this is a digital token that is unregulated and exists in digital form. It allows people to make payments to one another through an online method. The most common examples of cryptocurrencies are Ethereum, Bitcoin, and Litecoin. Central Bank Digital Currency(CBDC): it is a digital money form that is granted by a central bank and can be accessed by the populace.   Benefits and risks of digital currency Digital currencies can be favorable or unfavorable in the financial world. Some of the benefits of digital currencies include; Speedy deals– deals are faster than the traditional form of payment because the transfer of available funds is made easier through online approaches. No extra fee charge– compared to traditional financial institutions that include an extra fee on every transaction made, the use of digital currencies requires no extra fee charged for any transactions made. Funds tracking– since transactions are made online, you can track your funds for any payment made. Easy accessibility– digital currencies (or money) can be used by anyone since it is done online.   Some risks of using digital currency are; Exposure to hacking– since digital currencies are operated online, they’re vulnerable to hacks, and most times funds are stolen. Instability– most digital currencies are decentralized meaning they are not backed up by central banks or the government. This makes them unstable and may lose or gain value quickly. Criminal accessibility– criminals can scam or exploit individuals with the use of digital currencies because they are easily accessible. They can use digital currencies for laundering money or illegal activities.   Future of digital currency Digital currencies represent the future of finance. Therefore, governments and central banks of countries all over the world are on the look to create their digital currency. Digital currencies, since their launch, offer flexibility in terms of easy accessibility to every individual. It will also help to build the economy of the country because it will be economical, and serve as a quick and easy mode of transaction. Digital currency can help to improve trade and also open up multiple chances to improve the financial state of countries.   Conclusion Due to innovations and digitization of the world now, it can be said that even money is moving in the digital direction. Digital currencies are the future of money/finance. Digital currency is not physical but is available in digital forms making the world a less stressful place by making transactions easy and faster! ALSO READ: Reinvention            

3 Steps To Write Good AI Prompts

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With over 300 million AI users globally, everyone is trying to figure out how to write good AI prompts. ChatGPT and other forms of AI invaded us quickly and a lot of users still struggle to write the right prompts.  Prompting your AI tool correctly does not only save you time but enhances the results you obtain. Let’s get started on how you can rightly prompt AI to get the best result for your intent.  What is An AI Prompt? AI (artificial intelligence) prompt is a means of communication between a human and a large language model telling the model to generate an intended response.   Think of AI prompts as a list of orders you give the waitress at your favorite restaurant.  You tell the waitress what you want and it is brought to you.  AI prompt provides the AI tool with a piece of information that it is meant to act on. The prompts can be in the form of questions, statements, examples, or codes.  Now that you understand what AI prompts are, are they really important?  Why are Good AI prompts Important?  Imagine telling the waitress at a restaurant to serve you rice while your friend requests for jollof rice. You both requested rice, but your friend is more specific.  Good prompts bridge interaction gaps between humans and AI. Using good prompts;  clearly communicate your intent to the AI tool  when used effectively, helps save time and thereby enhances performance  it increases AI comprehension making it generate the desired response  How to Create Good AI Prompts?  Getting to know your AI tool is the first thing to do in creating AI prompts that give you the best result. Yeah! You should understand what the AI tool can and cannot do. This will guide you in communicating your intentions clearly within the scope of what the tool can do.   You should fulfill three key requirements to create a good AI prompt.  Keep it simple and direct:  Be clear, direct, and concise. Your AI tool doesn’t like unnecessary details. Including several details that are not important will do nothing but to confuse it.  Provide Adequate Context: Contexts are like preliminary maps that help your AI navigate properly. You should provide the right context required to help your AI tool navigate and streamline its search.  Single Task: Overloading several tasks sets the path for inconsistency and error in responses provided by your AI tool. Despite being built to handle different tasks, AI tools cannot multitask. Avoid task overload!  Before you write your next AI prompt, check to ensure you provide clear and concise directives for your AI tool. To ascertain you are on the right track to creating the right prompt,  use this 5 checklist.  Are your instructions clear?  Are there specific details about your request?  Are there examples and ideas to guide? Are there no grammatical errors in your prompts?  Is the prompt following a clear structure?  Communication is key in every relationship. Communicating your intentions clearly is required to prompt your AI tool and get the best response. When prompting AI, you should evaluate the responses it gives and tweak the prompts to get the best out of your AI tool.

A Simple Guide To Not Working Blindly

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A Simple Guide To Not Working Blindly

While I stood by the corner of the road, I watched as the young man struggled to cross over to the other side. He made a series of attempts but his efforts proved abortive.  I mean, If only he had someone to guide him or even a white cane, he wouldn’t have stressed so much with nothing to show for it. On seeing how frustrated he looked after a series of failed attempts, I walked up to him, had a brief friendly conversation to make him feel a bit relaxed and then I held his hand and crossed him to the other side of the road. I didn’t just stop there. Days later, I reached out to him with a surprise package. A white cane, it was. The excitement on his face was second to none. That marked the end to walking blindly. Oftentimes, a lot of online businesses put in so much effort, yet nothing to show for it. Do you know why? No, it’s not “village people” (evil forces). Most times, it’s as a result of working blindly. Working without the use of data can be a fruitless effort. Having an insight of your data helps you to gain a better understanding of your customers. By analyzing data on customer behavior and preferences, you can develop more targeted marketing campaigns, improve customer service, and create products and services that better meet customer needs. So, are you a business owner who is tired of working so hard without results? Worry no more. The hour of sight restoration has come, if only you believe. All you need is TRW Consult data analytics and business intelligence services. This will enable you to gain valuable, data-driven insights about your operations as well as performance to make informed, data-driven management decisions. The sweetest part is that we are very affordable and you wouldn’t have to break a bank for this. Hurry now to our site to gain more insight about our services and remember to contact us afterwards. Let’s hold you by the hand and provide you with all insights required to move your business to the next big level. We are waiting to have a conversation with you.

Bring Your Book To Life

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Bring Your Book To Life

Do you have a compelling story idea, a book you have always wanted to have written and published digitally but you are at a loss how to go about it? What if I told you your story idea can be birthed to life without you going through the painful birthing process? You don’t need to rack your brain for plot development, character development, the twists and turns and the intricate sides involved in writing a fiction. Perhaps, you may be saying: But mine is not a fictional book! Whatever the book idea you have, be it Do-it-Yourself books (DIY), inspirational, motivational to mention but a few, The Ready Writers Consult is here for you. We are a marketing and communication agency. Our expertise cuts across Digital publishing, Domain management, Diaspora services, Data analytic/Business intelligence and Web optimization. What are you waiting for? Click here to chat with us for more information. TRW…The king of writing READ ALSO Get Your Domain Active Again

Why You Should Maintain Online Digital Etiquette

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Maintaining online digital etiquette is crucial in this day and age. TRW Consult writer tells us exactly why we should – and how we can do so. Understanding Digital Interaction The connective power of digital technology provides a guide for people to effectively navigate globally interconnected digital spaces in ethical and respectful ways. Digital technologies offer wonderful possibilities for people who can navigate online efficiently, communicate with people respectfully and access information responsibly. In a global digital age, members are expected to act according to norms and rules of interaction online in order to have a civil interaction. Ethics of Messaging and Commenting When you are interacting with others online, there are some commonly accepted rules for respectful communication known as digital etiquette. Digital etiquette is about remembering to humanize the person behind the keyboard and across the screen. It’s about being socially responsible and showing empathy and kindness. While this may sound obvious, it is not uncommon for people to forget that there is a human behind every comment or post on the web when they communicate. In order to maintain civil etiquette, ensure to reply as quickly as you can to sincere messages that are meant for your attention and which require your response. Give every message the required attention regardless of who sends them and irrespective of how it is coined. You need to respond with civility. You can use necessary and respectful ‘emojis’ if you cannot type a response immediately. Cultivating a wholesome habit of responding to messages as and when due says a lot about your person. If you didn’t need reactions in the first place, you probably wouldn’t have sent out the message. Also, the comments section on a video, post or blog is a space for people to exchange information, resources, ideas and feelings. It is a place for them to ask and respond to questions. If not for the comment section, the web would not have been a vibrant space.   Guides to Writing a Quality Comment      Add new factual information with little fun Make a connection with the writer Proofread your comment by dotting the I’s and crossing your T’s Compliment the writer in a specific way End with a relevant question; this will give your comment a better chance of getting attention and reactions.   Digital Footprints and Digital Identity You should be professional and respectful online because every time you connect to the Internet, you leave a trail of data referred to as ‘Digital Footprint’. A passive digital footprint is a data trail you unintentionally left online, for example your browsing history. An ‘active digital footprint’ includes data that is intentionally submitted online for posts and uploads. The collection of our active footprints, including writings, audio, video content, messages, comments and sign-in details, are searchable. The reflection of this data as it appears to others is called ‘Digital Identity’. Therefore, digital identity is also your digital reputation as it influences how you are perceived based on your online activities. It is important to create a positive digital identity because it: assists in the exchange of ideas and resources positively influences recruitment and admission creates fruitful personal and professional relationships makes an impact on a cause provides powerful learning opportunities While we aim to be 21st-century global citizens, we should always have it at the back of our mind that interaction in the digital space at any point in time is searchable. A digital footprint is searchable in the sense that anyone can search and still gets the information we posted even if it has been deleted at the backend of a website. Therefore, always think before you contribute or share sensitive and personal information online. Need help with maintaining a positive online reputation? Let us help you.   Temidayo Babatunde is a Fellow of Chartered Institute of Information and Strategy Management (CIISM) and can be reached via [email protected].

How to Be An Effective Digital Citizen

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The digital space is a virtual community, but are you a good citizen of it? Citizenship confers special status on those that are qualified. It separates them from aliens, allowing them to fully associate with the aspirations and objectives of the community in question. A citizen enjoys the full privileges and benefits of their environment if they operate within the existing system as a bonafide member by abiding by the relationship standards. Some of the privileges you can enjoy as an effective citizen of a space include protection, security, rights and liberties that make it possible for you to fully express yourself. You will have the right to relate with other humans in the community and also fully utilise the opportunities of the space without putting yourself at risk. Old and young people today are growing up surrounded by technology but are often not very skilled at making good use of it. Although some people are comfortable using technology, they may use it inappropriately and may be unaware of how to harness the power and potential of technology to pursue their passions and contribute to their community. Based on this background, this write-up provides clues on how to build skills and the confidence to communicate with people respectively and responsibly in the digital space.   Elements of Digital Citizenship A scholar of emerging media, Mike Ribble, in 2015 named three elements of a good digital citizen. He also provided nine sub-elements as key indicators of an effective player in the digital space. The elements are as below: Respect yourself and others by: Observing digital etiquette in conducting yourself with orderliness and appropriateness online while avoiding tardiness Observing digital laws against damaging, stealing, phishing, poking others in the digital space Observing digital access of equal chance to available technology, since accessible technology involves finding alternative means by way of individual skill Educate yourself and connect with others by: Observing digital literacy of knowing the capability of using digital technology and knowing when/how to use it Observing digital technology of selecting appropriate options for communication Observing digital commerce for effective and informed consumers in a digital economy Protect yourself and others by: Observing digital health and wellness of understanding physical and psychological health, balance between the online and real world Observing digital rights and responsibilities of knowing about privacy, freedom of speech, ethics and             empathy in the digital space Observing digital security of protecting information and devices from malware, phishing, spam messages, keylogger, data or copyright theft Your digital footprint online is permanent and important. Permanent in the sense that it can be accessed. Your uploaded content might have been downloaded, screenshot, copied, or saved immediately you posted it by an end-user on a computer, phone, drive or cloud which could be recalled at any time. It also creates activities and forms your personality. So, while it is impulsive to want to break a news, it is also critical to restrain yourself by using the SIFT formular (Stop, Investigate, Find and Trace) method in order not to promote fear amongst your followers or other internet users by focusing only on the negative. Active and vibrant participation in the digital space opens up opportunities, connections and learning in the connected world. Being able to use digital technology has become an important function in our community and it is rapidly changing the way we interact. Digital technologies offer wonderful possibilities for people who can navigate online efficiently, communicate with people respectfully and access information responsibly. These online practices are part of what is known as Digital Citizenship.   TemiDayo Babatunde is a Fellow of Chartered Institute of Information and Strategy Management (CIISM). He can be reached via his LinkedIn ([email protected]).