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To begin with reservation charts would be arranged four hours preceding flight of a train while second and last one, 30 minutes before the train leaves, a senior Railway authority said.
As indicated by the reconsidered guidelines, booking will be permitted on web and also at reservation counters for a specific train, subject to accessibility of billets, even after the readiness of first reservation charts.
Railways has likewise made it obligatory for the concerned office to conclude the reservation charts four hours before the departure of train from November 12 with a specific end goal to encourage travelers to know the status of their ticket and plan their journey well in time.
This is a critical move to give extra occupying offices empowering travelers to purchase tickets even after the planning of reservation charts, the authority said.
A second and last charts of reservations will be made accessible before departure of train and gave over to on board up ticket checking staff.
This activity will guarantee ideal use of train convenience and upgraded profit, the authority said.
Additionally, there were dissensions of postponement in conclusion of reservation graph offering degree to touts for enjoying illicit ticketing exercises.
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Forget most things you’ve heard. People discover Bitcoin in a variety of ways, but usually pick up some sort of misconception like “Bitcoin gives free money to people with computers” or “in order to use Bitcoin I have to use a program that wastes electricity for nothing” along the way. Here is a good summary to help you understand Bitcoin in general, by focusing on what Bitcoin is and what problem it solves. These two things are not typically well explained on most websites, and it is difficult to appreciate just how effective a technology Bitcoin is until they are understood.
What Bitcoin is: An agreement amongst a community of people to use 21 million secure mathematical tokens–“bitcoins”–as money, like traditional African and Asian societies used the money cowry. Unlike the money cowry:
there will never be more bitcoins
they are impossible to counterfeit
they can be divided into as small of pieces as you want
and they can be transferred instantly across great distances via a digital connection such as the internet.
This is accomplished by the use of powerful cryptography many times stronger than that used by banks. Instead of simply being “sent” coins have to be cryptographically signed over from one entity to another, essentially putting a lock and key on each token so that bitcoins can be securely backed up in multiple places, and so that copying doesn’t increase the amount you own.
Because bitcoins are given their value by the community, they don’t need to be accepted by anyone else or backed by any authority to succeed. They are like a local currency except much, much more effective and local to the whole world. As an example of how effective the community is at “backing” the bitcoin: on April 4th 2011 30,000 bitcoins were abruptly sold on the largest Bitcoin exchange, consuming nearly all “buy” offers on the order book and dropping the price by nearly 1/3. But within a couple of days, the price on the exchange had fully rebounded and bitcoins were again trading at good volumes, with large “buy” offers slowly replacing the ones consumed by the trades. The ability of such a small economy (there were only 5 million out of the total 21 million bitcoins circulating then, or about 3.75 million USD worth at then-current exchange rates) to absorb such a large sell-off without crashing shows that bitcoins were already working beautifully.
What problem Bitcoin solves: Mathematically, the specific implementation of the bitcoin protocol solves the problem of “how to do all of the above without trusting anyone”. If that sounds amazing, it should! Normally a local currency has to trust all kinds of people for it to be able to work. So does a national currency. And in both cases, that trust is often abused. But with Bitcoin, there’s no one person who can abuse the system. Nobody can print more money, nobody can re-use the coins simply by making a copy, and nobody can use anyone else’s coins without having direct access to their keys. People who break its mathematical “rules” simply end up creating a whole different system incompatible with the first. As long as these rules are followed by someone, the only way Bitcoin can fail is for everyone to stop using it.
This marvelous quality of not having to trust anyone is achieved in two ways. First, through the use of cutting-edge cryptography. Cryptography ensures that only the owner of the bitcoins has the authority to spend them. The cryptography used in Bitcoin is so strong that all the world’s online banking would be compromised before Bitcoin would be, and it can even be upgraded if that were to start to happen. It’s like if each banknote in your pocket had a 100-digit combination lock on it that couldn’t be removed without destroying the bill itself. Bitcoin is that secure.
But the second way of securing the system, called the blockchain, is where the real magic happens. The blockchain is a single, authoritative record of confirmed transactions which is stored on the peer to peer Bitcoin network. Even with top-notch digital encryption, if there was no central registry to show that certain bitcoins had already been “paid” to someone else, you could sign over the same coins to multiple people in what’s called a double-spend attack, like writing cheques for more money than you have in your account. Normally this is prevented by a central authority, the bank, who keeps track of all the cheques you write and makes sure they don’t exceed the amount of money you have. Even so, most people won’t accept a cheque from you unless they really trust you, and the bank has to spend a lot of money physically protecting those central records, whether they are kept in a physical or digital form. Not to mention, sometimes a bank employee can abuse their position of trust. And, in traditional banking, the bank itself doesn’t have to follow the rules you do–it can lend out more money than it actually has.
The blockchain fixes all these problems by creating a single master registry of the already-cryptographically-secured bitcoin transfers, verifying them and locking them down in a highly competitive market called mining. In return for this critical role, the Bitcoin community rewards miners with a set amount of bitcoins per block, taken from the original limited quantity on a pre-agreed schedule. As that original amount gradually runs out, this reward will be replaced by fees paid to prioritise one transaction over another–again in a highly competitive market to ensure the lowest possible cost. The transactions are verified and locked in by the computational work of mining in a very special way so that no one else can change the official record of transactions without doing more computational work than the cumulative work of all miners across the whole network.
In conclusion: All this mathematical technology may be a bit of a mouthful, but what it means in practice is that Bitcoin works just like cash. Bitcoin transactions are intentionally irreversible–unlike credit cards or PayPal where chargebacks can invalidate a payment that has already been made. And there are no middlemen. Transactions are completed directly between the sender and the receiver via the peer to peer network.
Because of Bitcoin’s intricate design, the network remains secure no matter where or how you process Bitcoin transactions. Which is incredible–no one else has ever tried to create a system that worked this way! All previous monetary systems have relied on trusting somebody, whether it was the king, town hall, the federal reserve, or banks. Bitcoin doesn’t. It’s guaranteed instead by the laws of mathematics, and that’s why it has everyone from technologists to economists very excited. I’m sure you have lots more questions, so scan the index below to see if they’ve been asked before, then dive in! The so-called “canonical” threads linked from this index are considered newbie-friendly zones; outside of them you’re welcome to try your own luck.
Founder and CEO of Russia’s largest social network, Pavel Durov, has sold his 12 percent stake in VKontakte to an ally of the company’s second-largest shareholder. Experts polled by Vedomosti newspaper estimate the sale is worth $360–$480 million. Ivan Tavrin, the CEO of Megafon, one of Russia’s largest mobile carriers picked up the shares of the social network often referred to as “Russia’s Facebook”. Tavrin is a business partner of VKontakte’s second-biggest shareholder Alisher Usmanov, who owns shares through his Mail.Ru Group Ltd. “What you own, sooner or later starts to own you,” Durov, 29, wrote on his own VKontakte page. VK, for short, means “in contact” in Russian. “I’m not going anywhere and will continue to watch over the quality of VKontakte,” Durov said. The site draws 60 million users a day according to Durov, and is the most popular social network for Russian-speaking internet users, with four times as many as Facebook. Durov touts it has the “best communication platform in Russia”. Details were finalized in December 2013, as Durov’s exit came after months of internal conflict among shareholders and major management reshuffles. In April, United Capital Partners (UCP) bought 48 percent of the company. Ilya Sherbovich, a former board member of state-owned oil major Rosneft, is now the social networks’ largest stakeholder. Sherbovich was reportedly “unhappy” with Durov’s role as CEO, and was trying to replace him, according to a leaked letter published by Forbes Russia. Just before UCP bought shares in VKontakte, Durov was accused of running over a policeman with a car in St. Petersburg, Russia. It’s an accusation he vehemently denies, saying he doesn’t even drive, but uses the metro. Usmanov, Russia’s wealthiest individual, and his associates now control 52 percent of the company, with 40 percent owned by Usmanov’s Mail.ru. “I bought the stake as I believe in the future of this company,” Tavrin told Bloomberg News. Usmanov was an early investor in Facebook, which paid out nearly 10-fold when he started selling his shares in 2013. Usmanov acquired Facebook shares through his Mail.ru group in 2009, when the social media network was valued at $6.5 billion. Usmanov’s company sold a $1.7 billion stake during Facebook’s initial public offering in May 2012, pocketing $1.4 billion in the deal. St.Petersburg-based VKontakte, was founded in 2006, just a few months after Mark Zuckerburg launched Facebook. It has over 190 million registered users in Russia, Ukraine, Belarus, and other former Soviet territories. Its estimated capitalization is between $2-4 billion. The social network was used as a major platform for organizing protests and meetings against Vladimir Putin in 2011-2012. Durov prides his site as being safe from government interference, which is now changing as media watchdogs are cracking down on users’ ability to freely upload copyrighted music and videos to their pages. The head of the social network, Pavel Durov, came forward with a job offer for Edward Snowden back in August, but the ex-spy agency contractor didn’t answer at the time. Messenger, a free messaging system for smartphones, was pioneered by the programer and uses sophisticated encryption making it difficult for security services or governments to tap into.