You are reading the article 10 Frequently Asked Cryptocurrency Questions On Quora Answered updated in March 2024 on the website Cancandonuts.com. We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested April 2024 10 Frequently Asked Cryptocurrency Questions On Quora AnsweredCurious investors have a lot of cryptocurrency questions that they generally post on Quora What is the best cryptocurrency to invest in?
Well, honestly, the answer to this is many. Bitcoin, Ethereum, Solana, and XRP, to name a few are some of the most popular cryptocurrencies in the modern era. But investing in cryptocurrencies solely depends on the investors’ ability to handle losses and market volatility. If the investors are looking for something less volatile, then they should opt for stablecoins.Is cryptocurrency the future of money?
With the evolution of technology, the definition of money is constantly changing. So, it should not come as a surprise that cryptocurrencies might be considered money in the future. But digital currencies still have a long way to go before being officially considered by governments to be used as cryptocurrencies. Due to its high volatility and unknown effects in the economic market, governments are still reluctant to use cryptos as legal currencies.Are there any ways to purchase cryptos outside an exchange?
Yes, Bitcoin or crypto ATMs. The users can insert cash and Bitcoins are transferred to their secured digital wallets. There are also peer-to-peer (PTP) exchanges. Users can post what they are hoping to buy or sell and then choose their trading partners accordingly.What happens if cryptocurrencies are banned?
A ban will deprive the country, its entrepreneurs, and investors of using transformative technology like cryptocurrencies. Overnight, it will erase enormous amounts of wealth held in cryptocurrencies and deprive the crypto enthusiasts of using one of the greatest wealth0creation opportunities of the next decade.Why are there so many cryptocurrencies?
People saw the success of Bitcoin and tried to improve existing functionality and provide new functionality with new cryptocurrencies. Additionally, investors and developers were certainly trying to make money, the primary reason why there are so many cryptocurrencies in the market.
The major factor that new crypto investors should monitor and analyze is market timing. Investing in crypto is all about timing, due to its volatility and short cycles, this is the best way to handle digital currencies. Cryptocurrencies follow a cycle, which is generally pretty short, considering if the crypto will stabilize, explode, or crash, in the future. So, interested investors should monitor these cycles before investing in any cryptocurrency.Are Bitcoin transactions taxable?
Currently, there are no rules concerning the taxation of cryptocurrencies. Even though the Indian government is has introduced its own cryptocurrency and levied taxes on crypto transactions, there is no clarity as to which cryptocurrencies can be traded. Significant profits from Bitcoin sales can be taxed as business income or as capital gains.Are cryptocurrencies still used for illegal purposes?
Cryptocurrencies operate on a decentralized network, which means it lacks a centralized authority, one of the many reasons why digital currencies are quite infamous for being used for illegal purposes. Crypto holders can perform transactions without actually revealing their identities. But, the blockchain network publicly records every transaction.Is there any fixed time for crypto trading?
Most of the crypto exchanges allow the users to trade 24 hours a day throughout the week since there is no centralized authority controlling the market.What determines that a cryptocurrency will become important in the future?
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This article will take you through the top 10 frequently asked machine learning interview questions.
Companies are using new-age technologies like artificial intelligence (AI) andExplain what artificial intelligence (AI), machine learning (ML), and deep learning are and what they mean.
The field of artificial intelligence (AI) is concerned with the creation of intelligent machines. Systems that can learn from experience (training data) are referred to as machine learning (ML), whereas systems that learn from experience on huge data sets are referred to as deep learning (DL). AI may be thought of as a subset of machine learning. Deep learning (DL) is similar toWhat are the different types of machine learning?
Machine Learning methods are divided into three categories. Supervised Learning: Machines learn under the supervision of labeled data in this sort of machine learning approach. The machine is trained on a training dataset, and it produces results by its training. Unsupervised Learning: Unsupervised learning contains unlabeled data, unlike supervised learning. As a result, there is no oversight over how it processes data. Unsupervised learning is to find patterns in data and group related items into clusters. When fresh input data is loaded into the model, the entity is no longer identified; instead, it is placed in a cluster of related objects. Reinforcement Learning: Models that learn and traverse to find the greatest feasible move are examples of reinforcement learning. Reinforcement learning algorithms are built in such a manner that they aim to identify the best feasible set of actions based on the reward and punishment principle.Make a distinction between data mining and machine learning.
The study, creation, and development of algorithms that allow computers to learn without being explicitly taught is referred to asWhat is the difference between deep learning and machine learning?
Machine learning is a set of algorithms that learn from data patterns and then apply that knowledge to decision-making.What is overfitting in machine learning? Why does it occur and how can you stay away from this?
Overfitting happens in machine learning when a statistical model describes random error or noise rather than the underlying relationship. Overfitting is common when a model is overly complicated, as a result of having too many parameters about the amount of training data types. The model has been overfitted, resulting in poor performance. Overfitting is a risk since the criteria used to train the model are not the same as the criteria used to assess the model’s performance. Overfitting may be prevented by utilizing a large amount of data. Overfitting occurs when you have a little dataset and try to learn from it. However, if you just have a tiny database, you will be compelled to create a model based on it. Cross-validation is a technique that may be used in this circumstance. The dataset is divided into two sections in this method: testing and training datasets. The testing dataset will simply test the model, whilst the training dataset will include data points.In machine learning, what is a hypothesis?
Machine learning helps you to use the data you have to better understand a certain function that best translates inputs to outputs. Function approximation is the term for this problem. You must use an estimate for the unknown target function that translates all the conceivable observations based on the provided situation in the best way possible. In machine learning, a hypothesis is a model that aids in estimating the target function and completing the required input-to-output mappings. You may specify the space of probable hypotheses that the model can represent by choosing and configuring algorithms.In machine learning, what is Bayes’ theorem?
Using prior information, the Bayes theorem calculates the likelihood of any given event occurring. It is defined as the true positive rate of a particular sample condition divided by the sum of the true positive rate of that condition and the false positive rate of the total population in mathematical terms. Bayesian optimization and Bayesian belief networks are two of the most important applications of Bayes’ theorem in machine learning. This theorem also serves as the foundation for the Naive Bayes classifier, which is part of the machine learning brand.What is cross-validation in machine learning?
In machine learning, the cross-validation approach allows a system to improve the performance of givenWhat is entropy in machine learning? What is the epoch in machine learning?
This article was published as a part of the Data Science Blogathon.Introduction
This article will discuss some data science interview questions and their answers to help you fare well in job interviews. These are data science interview questions and are based on data science topics. Though some of the questions may sound basic, these are frequently asked in interviews. Most candidates overlook them and won’t focus on the basics, and they face rejection in job interviews. It is important to start learning the basics to nail the data science job interviews. The following data science interview questions are your guide to performing well in data science job interviews.
Source: SEEKFrequently Asked Data Science Interview Questions Q1: Elaborate on the differences between Data Science and Data Analytics.
Firstly data analytics is a part of data science. Multiple things come under data science, like data mining, data analytics, data visualization, and many more.
The job of a data analyst is to find the solution to the current problem. At the same time, the job of a data scientist is to find the solution to the present problem and predict the future by taking inputs from the past.Q2: Explain the Confusion matrix.
A confusion matrix is used to know how well the model is performed.
If the predicted value is positive and the actual result is also positive, then the model will perform well (True positive).
If the predicted value is positive and the actual result is negative, then the model is not performing well (False positive)- Type I error.
If the predicted value is negative and the actual result is also negative, then the model will perform well (True negative).
If the predicted value is negative and the actual result is positive, then the model is not performing well (False negative)- Type II error.
The formula knows the accuracy of the model(True Positive + True Negative) / Total Observations let us say true positive observations are 5 and true negative observations are 4, out of total observations 10, then the accuracy of the model is (5+4)/10=9/10=0.9
It is 90% accurate.Q3:Differentiate between the terms error and residual.
The difference between the observed value and the theoretical value gives the error. The difference between the observed and predicted values gives the residual value.Error = Observed value - Theoretical value Residual = Observed value - Predicted value Q4:What are the precautions taken to avoid overfitting our model?
Suppose the model is performing well on the data sets we are using for our training and testing and not on some other data set, then such a model is said to be overfitting.
Can be avoided by having our model as simple as possible
Using cross-validation techniques
Using regularization techniques
Using feature engineeringQ5: Differentiate between data science and traditional application programming.
In traditional application programming, we need to analyze the input first. To get the expected output, certain code needs to be written on our own, which could be challenging as it is a manual process.
However, in Data Science, the process is entirely different. We need to have data first and divide it into two sets. One is called the testing data, and the other set is called the training data. With the help of training data and data science algorithms, rules are created to map an input to an output. These rules are tested using the testing data set. If the rule succeeds, it is said to be the model.Q6:Explain bias in Data Science. Q7: What do you know about dimensionality reduction?
Some Datasets would have more fields than required. Even after removing some fields, the functionality would remain the same. The process of reducing such fields or dimensions while taking care of the functionality is known as dimensionality reduction.Q8: Mention the popular libraries used in Data Science.
Some of the popular libraries used in data science are:
PyTorchQ9: Explain the working of a recommendation system.
A recommendation system is either a program or an algorithm based on watch and search history inputs. It analyses the genre, cast, director, and more to recommend movies to the viewers. That is how the recommendation system works for a product-selling platform like Amazon, Myntra, or Flipkart, or an OTT platform like Netflix, Amazon prime Video, Aha, and so on.
Generally, there are three types of recommendation systems.
1. Demographic filtering
2. Content-based filtering
3. Collaboration-based filtering
Demographic filtering: In this, the recommendations are the same for every user regardless of their interests. For example, let’s take the top trending movies column in OTT platforms. These are the same for every user because of the demographic filtering system.
Content-based filtering: Filterings are based on movie metadata. Metadata contains details like movies, songs, genres, cast stories, etc. Based on this data, the system recommends movies related to that data for user consumption.
Collaboration-based filtering: Here, the system will group users with similar interests and recommend movies to them.Question 10: Explain the benefit of dimensionality reduction.
Some Datasets would have more fields than required, meaning that even after removing some fields, the functionality would remain the same. The process of reducing such fields or dimensions by taking care of functionality is known as dimensionality reduction.
After reducing fields, it requires less time to process the data and to train the model, and speed is increased compared to data with more dimensions. Also, the accuracy of the model is increased.Conclusion
Data science is a lucrative career option with ample opportunities across diverse sectors. There is a surge in the number of companies based on Data science like machine learning and artificial intelligence and the career options they offer. This write-up helps us cover some frequently asked and basic data science interview questions and their answers.
Overall in this article, we have seen,
Some basics of data science and data analytics
Bias, Error, and Overfitting related topics.
Questions related to data science.
The media shown in this article are not owned by Analytics Vidhya and are used at the Author’s discretion.
This article was published as a part of the Data Science Blogathon.Introduction
The cloud comprises servers and a mix of networks, storage, service, and hardware, allowing businesses to save money and provide consumers with ease. Cloud is a collection of servers that can be accessed over the Internet, and all data is saved on physical servers in data centers. Through cloud computing, we may access actual servers and execute apps written in computer code on their devices. It enables users to access computer services from any device since processing and storage are performed on servers distributed across a knowledge Centre rather than locally on the user’s device. Email, online conferencing, and customer relationship management (CRM) are cloud-based applications.
Cloud Computing is the remote manipulation, configuration, and use of hardware and software resources. It provides data storage, infrastructure, and application services online. As software is not required to be installed locally on the PC, cloud computing provides platform independence. Cloud computing, therefore, makes our business applications mobile and collaborative.
In comparison to traditional on-premises IT, cloud computing may assist with the following tasks, depending on the cloud services you choose:
Reduced IT costs: You may offload part or all of the expenses and work associated with acquiring, installing, configuring, and administering your on-premises infrastructure by using the cloud.
Increase agility and time-to-value: Instead of waiting weeks or months for IT to reply to a request, acquire and set up necessary gear, and install software, your business can start using enterprise apps in minutes using the cloud. You may also enable particular users, such as developers and data scientists, to help themselves to software and support infrastructure through the cloud.
Scale more easily and affordably: The cloud enables elasticity—rather than acquiring additional capacity that sits idle during quiet times, you may scale capacity up and down in response to traffic spikes and dips. You may also leverage your cloud provider’s worldwide network to bring your apps closer to people all around the globe.Features of Cloud Computing
Major benefits can be gained by using cloud computing. Here are a few examples:
The installation of software is not required to access or operate cloud apps.
Cloud computing provides online development and deployment tools and a programming runtime environment through the PaaS concept.
Over the Internet, apps may be accessed as utilities.
The applications may be manipulated and configured online at any moment.
Cloud resources are available over the network platform independently for all client types.
Cloud Computing provides self-service on demand. The resources can be used independently of the cloud service provider.
Cloud Computing is extremely cost-effective due to its great operational efficiency and optimal use. It merely requires an Internet connection.
Cloud Computing provides load balancing, which increases its reliability.Cloud Computing Interview Questions 1. What are the various deployment modes available on the Cloud?
The four modes are private, public, hybrid, and community cloud.
Public – A public cloud is freely available to all users. Example: AWS Cloud Connect
Private – Private cloud is the aggregation of resources private organizations use for their purposes.
The community cloud enables multiple organizations within a group to access shared information, computing services, and systems.
Hybrid Cloud – The hybrid cloud combines private and public clouds that may shift from one to the other based on the circumstances and needs.2. What is your understanding of the multi-cloud strategy?
The approach is not relying only on a single cloud service provider and distributes traffic among many cloud service providers. Different cloud providers may be exploited for their unique features, hence decreasing the workload of a single provider. This increases independence and reduces the chance of failure if the provider has technical difficulties or a traffic overload arises. Multi-cloud is a design used to administer the various cloud architecture from a single access point (portal). It may be as basic as a portal to oversee the functioning of all clouds.3. What is the function of a hypervisor in Cloud Computing?
It is a virtual machine screen that can manage virtual machine resources logically. It allocates, splits, isolates, or modifies the virtualization hypervisor software. Hardware hypervisor enables concurrent operation of many guests operating systems on a single host machine.
Virtual Machine Manager is another name for it. Two kinds of hypervisors are described below:
Type 1: The guest Vm operates directly on the host hardware, like Citrix XenServer and VMware ESXi.
Type 2: The guest Vm operates on hardware through a host operating system, like Oracle Virtual Box or Vmware Player.4. Why are hybrid clouds so essential?
The public cloud provides access capacity and specialized software, but not the private cloud.
Examples: Virtual Amazon and Dynamo
It is a cloud from VMware.
It is a costly item.
It provides enterprise quality.
It is less trustworthy.
OpenStack supports web server operation.
The database is constructed on vCloud.
Complete defense against DDoS attacks: Distributed Denial of Service attacks has grown widespread and are now targeting cloud-based company data. Therefore, cloud computing security restricts traffic to the server, preventing threats to the organization and its data. Data Security: Data breaches become a serious concern as data grows and servers become soft targets. The cloud data security solution safeguards critical information and protects the data against unauthorized access.
Flexibility: Cloud provides flexibility, which contributes to its widespread use. The user can prevent server failure in the event of heavy traffic. When peak traffic has subsided, the user may cut down to save expenses.
The application server used for identity management is authorized by cloud computing. It allows users to manage the access of another user accessing the cloud environment.6. What exactly is a cloud VPN?
Cloud VPN enables businesses to migrate their VPN services to the cloud. Available VPN services include Remote Access and Site-to-Site chúng tôi equipment is installed locally in the business network in a Site-to-Site connection. This equipment connects to a cloud-based virtual VPN endpoint. The VPN creates a tunnel between the cloud and the organization. This connection is similar to a physical connection and does not need a public IP address.
Remote Access allows users to connect to equipment in other parts of the world. For instance, VPNaaS.
In the connection logic, users install VPN software on their devices and establish a connection to a cloud VPN. The cloud VPN forwards the connection to the concerned SaaS application.7. What is the distinction between mobile computing and cloud computing?
Cloud Computing involves storing your files and folders on the Internet’s “cloud.” This will enable you to access your files and folders from anywhere globally; however, you will need a device with Internet connectivity. Mobile computing entails taking a physical device, like a laptop, mobile phone, or other devices. Mobile computing and cloud computing are comparable, and mobile computing employs the cloud computing paradigm. Cloud computing provides consumers with the necessary data. In contrast, mobile computing apps operate on a remote server and allow users access to data storage and management.8. Mention the basic AWS elements.
The basic AWS elements are as follows:
AWS Route 53 is a DNS (Domain Name Server) web-based service infrastructure.
Simple Email Service: Emails are sent via a RESTFUL API call or conventional SMTP (Simple Mail Transfer Protocol).
Identity and Access Management: An AWS account is supplied with enhanced security and identity management.
Simple Storage Service (S3): It is a massive storage media used extensively by AWS services.
Elastic Block Stores (EBS): They are storage volumes connected to EC2 that extend the data retention period of a single EC2 instance.
CloudWatch: It is a service offered by Amazon. CloudWatch monitors AWS resources and enables managers to observe and obtain the necessary keys. Access is granted so that a notification alert may be triggered in the event of a problem.9. How is Data protection accomplished in S3?
S3 supports encryption using SSE-S3, SSE-C, and SSE-KMS.
SSE-S3 provides the solution S3 monitors Key management and protection via several security levels.
SSE-C enables S3 to encrypt and decrypt data and manage the encryption key. AWS does not provide key management and storage since they are implementation-dependent.
SSE-KMS uses the Amazon Key Management Service to store encryption keys. By retaining master keys, KMS adds an extra degree of protection. There is a need for special authorization to use the master key.10. What differences exist between ELB, NLB, and ALB?
Application Load Balancer (ALB) – ALB enables port-based routing. Additionally, it may direct requests to Lambda and multiple ports on the target. Application Load Balancer only supports layer 7, which includes HTTP/2 and Web Sockets. It may return main replies independently, freeing the server from responding to duplicate requests. Microservices and applications use ALB. Network Load Balancer (NLB) –It supports Layer 4, which includes TCP and UDP. Since it is lower on the OSI model, it is more efficient and high-performance. It uses static IP addresses and may be allocated elastic IP addresses. Real-time data streaming and video streaming are examples.
Classic Load Balancer (CLB) or Elastic Load Balancer (ELB version1) – ELB is the oldest Load balancer and the only one that supports application-specific sticky session cookies. It works on both Layer 7 and Layer 4. ELB supports EC2-Classic as well.Conclusion
This article describes cloud and cloud computing, which is an on-demand availability of computer system resources that uses clouds to provide services when the user wants them and provides access to a broader network of worldwide web servers. This page provides interview questions for all levels and covers the following areas as well:
What are cloud computing and the cloud?
There are several deployment options available in the cloud.
Advantages of cloud computing for data protection and security
The contrast between mobile computing and cloud computing, as well as other areas.
The media shown in this article is not owned by Analytics Vidhya and is used at the Author’s discretion.
Here are the 10 machine learning interview questions that will help you land your dream job
Businesses are striving to make big data more worthy by adopting new disruptive technologies like artificial intelligence andWhat is machine learning?
Typically put, machine learning is a method of data analysis that automates analytical model building. By using machine learning, systems can learn from data, identify patterns, and make decisions with minimal human intervention. While artificial intelligence is the broad science of mimicking human abilities, machine learning is a specific subset of AI that trains a machine how to learn. For example, robots are programmed to perform tasks based on data they gather through sensors. Machine learning helps them automatically learn programs from data.What is the difference between data mining and machine learning?
Both data mining and machine learning revolve around big data. Since most of their functionalities are related to large datasets, they are often confused as the same thing. However, they are totally different. Machine learning is a futuristic technology that is used to study, design, and develop algorithms, which gives computers the capability to learn without being explicitly programmed. On the other hand, data mining is used to extract useful data from unstructured data that comes in different forms including texts, documents, videos, images, etc. Data mining helps businesses extract knowledge or unknown interesting patterns, and during this process, machine learning is used.What is the difference between supervised and unsupervised machine learning?
Both supervised and unsupervised machine learning is important to train algorithms. But the difference is that supervised learning requires sorted or labeled data. Therefore, before using supervised learning, a company should do the classification process and label data groups. But unsupervised learning doesn’t require being sophisticated like that. It can work on unlabeled data explicitly. A model can identify patterns, anomalies, and relationships in the input data.What is overfitting and what can be done to avoid it?
Overfitting is a critical situation that takes place when a machine learning model is well-versed in a dataset. It takes up random fluctuations in the training data as concepts and fails to generalize the content. Therefore, machine learning models shield themselves from applying the concept to new data. When a model is fed with properly trained data, it shows 100% accuracy. But things change when it is trained with test data. The clarity in the machine learning model shifts, resulting in errors and low efficiency, which altogether turns out as overfitting. In order to avoid overfitting, companies should use simple models that have lesser variables and parameters. In this case, the variance can be reduced. They should also regularize the training process.What is dimension reduction in machine learning?
Generally, dimension reduction is the process of reducing the size of the feature matrix. Fewer input dimensions often mean correspondingly fewer parameters or a simpler structure in the machine learning model, referred to as degrees of freedom. Since a machine learning model with too many degrees of freedom is likely to overfit the training dataset, dimension reduction is used to lower the chances. Dimension reduction in machine learning represents the effort to reduce the number of columns in it. By doing so, companies get a better feature set either by combining columns or by removing extra variables.How to handle an imbalanced dataset? What is the confusion matrix in machine learning?
A cryptocurrency price tracker platform helps you monitor the prices of different cryptocurrencies in real-time. It can also show you other useful information such as market capitalization, trading volume, liquidity, dominance, and historical data. A crypto price tracker can help you make informed decisions when trading or investing in crypto assets. However, there are thousands of cryptocurrency price tracker platforms online, but which should you use in 2023? Below, you can find some of our recommendations for the 10 best cryptocurrency price tracker platforms that make it simple to follow cryptocurrency price changes.
CoinCodex: CoinCodex is a cryptocurrency data website that tracks 21870 cryptocurrencies trading on 413 exchanges, provides live crypto prices, and other helpful metrics like the total crypto market cap – $831 billion today, up 0.05% in the last 24 hours – and Bitcoin dominance. It was founded by David Ernuta in 2023 just before the year’s crypto bull run.
eToro: One of the safest cryptocurrency exchanges on the internet, eToro was unaffected by the numerous bankruptcy and insolvency issues that afflicted different crypto platforms during 2023. In addition to being a reliable place to purchase cryptocurrencies, it also offers helpful information on daily crypto price movements in its “daily movers” feed, such as which assets are rising and falling in value and the most popular cryptocurrencies.
CoinMarketCap: The most popular cryptocurrency website in the sector is called CoinMarketCap, or “CMC,” and as its website notes, it is routinely used by big news organizations like CNBC, Bloomberg, and Reuters to obtain real-time cryptocurrency pricing data.
Dash 2 Trade: In Q1 2023, a brand-new cryptocurrency project called Dash 2 Trade will be launched, revolutionizing the way traders track the cryptocurrency markets in ways other than merely keeping an eye on price movement. Part of its dashboard, which was created by traders for traders, will allow users to research and forecast the probable price of upcoming altcoins, presale tokens, and newly listed tokens on exchanges.
TradingView: TradingView is frequently considered the most well-liked cryptocurrency charting tool, and several cryptocurrency exchanges have adopted its technical indicators. No list of the top cryptocurrency price trackers would be complete without it since it also enables users to create a watchlist and receive price notifications by email.
Binance: Over 600 alternative cryptocurrencies are listed alongside Bitcoin on Binance’s global platform, which has the highest trading volume of any cryptocurrency exchange. Although there are much fewer available on Binance US, its US-focused website.
Nomics: Nomics is a fantastic resource for researching various coin statistics. Nomics offers information about a wide variety of different crypto coins, from well-known brands to up-and-coming coins. The standard coin price charts, trading volume, market capitalization, and the precise quantity of coins in circulation are all provided by Nomics. Additionally, it offers concise summaries of each coin, detailing its creators, launch date, and other details.
Coinranking: The most crucial cryptocurrency statistics, such as price charts, price-performance tables, and 24-hour change rates, are made available to consumers by Coinranking. You may also look into the main marketplaces and exchanges for your preferred coin as well as the volume of trading there.
CoinDesk: With a variety of numbers to keep you up to date on the coins you’re interested in, CoinDesk is a trustworthy source of information about cryptocurrencies. It keeps you informed on the most recent price of your preferred coin as well as any previous fluctuations, giving you a sense of how it is doing.
CoinStats: Additionally, CoinStats offers the most recent information on the coin you’re interested in and gives an overview of each coin’s release, its creators, and its operation. If you want to know how much of a return you would receive if your chosen coin increased by a certain amount, you may also use the website’s investment calculator. This is an excellent method to see where your money might go if you decide to invest.
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