Advantages and Disadvantages of Bitcoins
Finance and Business, Technology

Advantages and Disadvantages of Bitcoins

Bitcoins have become a popular mode of currency transaction over the years. The article looks at the advantages as well as the disadvantages of bitcoins. WHAT IS CRYPTOCURRENCY? Cryptocurrency is a type of virtual or digital currency with no regulating authority per se. It works within a decentralised system where transactions are recorded and managed. The main reason cryptocurrency has gained popularity is because it helps in preventing counterfeiting and fraud schemes. A computerized database stores the transaction records safely. No physical money gets exchanged in the process. WHAT ARE BITCOINS? Bitcoins are a type of cryptocurrency invented in 2008 and released as an open-source software. It is the first decentralised digital currency. They are digital or virtual coins that you ca...
Advantages and Disadvantages of Artificial Intelligence
Science, Technology

Advantages and Disadvantages of Artificial Intelligence

Artificial intelligence started as an academic subject and has become a very common topic among everyone. So much so that it is not just a remote possibility in the future anymore. We are currently using artificial intelligence in every way possible. This article will look into what encompasses artificial intelligence and whether it is here to stay. WHAT IS AI? Artificial intelligence (AI) or machine intelligence is the ability of a machine or a computer to perform tasks that need human intelligence. In simple words, they are machines that showcase intelligence. When we think of artificial intelligence, we immediately think of computer-controlled robots. But robotics is only a sub-field in the vast subject of artificial intelligence. Artificial intelligence works on the principle that...
Advantages and Disadvantages of Freelancing
Business

Advantages and Disadvantages of Freelancing

Freelancing for work projects has become very popular over the years among individuals. Here is a quick look at freelancers as well as the advantages and disadvantages of freelancing. WHO IS A FREELANCER? A freelancer is an individual who is self-employed and who earns money on a job-to-job basis. What this means is that freelancers usually take up short-term work projects and don't really have a permanent workplace or firm. Some take up freelancing projects as side projects to supplement their full-time work commitments while some do this full-time. Sectors like entertainment, design, art, copywriting, film, etc. are popular sectors for freelancers. THE CONCEPT OF FREELANCING Let's first start with understanding what the gig economy is. The gig economy is where companies hire independ...
Advantages and Disadvantages of Homeschooling
Education and Communications

Advantages and Disadvantages of Homeschooling

With the current situation presented to us due to the coronavirus pandemic, people are still trying to adjust and function the best they can. One of the many effects of this pandemic can be starkly observed in the education system. There have always been efforts taken to reimagine and refurbish how education is disseminated. And one of the many shifts in the education structure comes through a unique concept of homeschooling. This article will look into the advantages and disadvantages of homeschooling. THE CONCEPT OF HOME SCHOOLING Homeschooling or home education is where children get their primary education at home or any other place that is not a school or educational institution/organization. One can say that it is a more informal way of educating one's children. The main aspect of h...
Advantages and Disadvantages of Radiotherapy
Health

Advantages and Disadvantages of Radiotherapy

Over the years, medical science has made some significant strides in the treatment of fatal diseases. Innovation has been the key element. This article discusses radiotherapy, one of the many methods of cancer treatments. Subsequently, we will delve into the benefits as well as the risks it poses. So let's have a look. WHAT IS RADIOTHERAPY? Radiotherapy or radiation therapy is a type of treatment that uses waves or beams of intense energy, such as, heat or light to kill cancer cells, tumors, and other conditions. In simple words, you use radiation beams to destroy deadly cells. It is most commonly used to treat all kinds of cancers. And it comes under the subset of radiation oncology. There are different types of radiotherapy. These include external beam radiotherapy and internal radi...
Advantages and Disadvantages of a Corporation
Business

Advantages and Disadvantages of a Corporation

When you decide to start your own business, it can be pretty daunting to zero in on what it should look and function like. This article will specifically deal with what a corporation is as well as its pros and cons. So let us have a look. WHAT IS IT? In dictionary terms, a corporation is an association or a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession. In simple terms, it is a type of business organization that is separate and distinct from its owners. And it differs from other types of business organizations like, for instance, a partnership or a sole proprietorship in its characteristics. Depending on these characteristics, corporations c...
Advantages and Disadvantages of Being an Entrepreneur
Business

Advantages and Disadvantages of Being an Entrepreneur

Running your own company or business seems like an exciting career opportunity for many. Though it seems like a highly exciting prospect, it is equally challenging. Have you ever wondered about what it would be like to become a successful entrepreneur? This article delves into the benefits as well as the challenges of being an entrepreneur and everything that it encompasses. THE CONCEPT OF ENTREPRENEURSHIP Entrepreneurship is the ability or skill in starting new businesses, especially new opportunities. The important factor that sets entrepreneurship in motion is the ability to create not only something new but something of value as well. Now what is valuable is subjective and open to interpretation. Because most times, the value addition may not be entirely in terms of capital or profit...
Advantages and Disadvantages of Online Classes
Education and Communications, Technology

Advantages and Disadvantages of Online Classes

The following article deals with one of the many modes of education, that is online classes or online education. Here's a look at the advantages as well as the disadvantages of the same. WHAT IS AN ONLINE CLASS? Online classes or online education is quite simply classes on the internet with the help of technology. These are specialized and curated through a learning management system. With the help of the system, students can access their desired classes and courses. Universities have their own portals to keep track of their students' progress. Apart from that, there are also independent educational web portals or MOOCs like edX, Coursera, Udemy, etc. that offer free and paid courses online that can be accessed by anyone online. Know More - Advantages and Disadvantages of Homeschoolin...