Questions

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. Bitcoin is created digitally, by a community of people that anyone canjoin. Bitcoins are ‘mined’, using computing power in a distributed network.This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.The bitcoin protocol –the rules that make bitcoin work –say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin). Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.

Capital deepening is a situation where the capital per worker is increasing in the economy. This is also referred to as increase in the capital intensity. Capital deepening is often measured by the rate of change in capital stock per labour hour.

Every  person  who  is  arrested  and detained    in    custody    shall    be produced    before    the    nearest magistrate   within   a   period   of twenty-four  hours  of  such  arrest excluding  the  time  necessary  for the   journey   from   the   place   of arrest    to    the    court    of    the magistrate   and   no   such   person shall    be    detained    in    custody beyond the said period without the authority of a magistrate.