The Y2K bug
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How this bug was a problem?
This bug may cause some serious issues in banks, airports, power plants, in Banks. If the bug has not been fixed this bug has been lead to the calculation of wrong simple interest (basically negative simple interest) which might lead to a banking disaster. Maybe people would have lost there trust and money from the bank.
How the y2k bug was solved?
There was not a particular solution to the y2k problem, it was solved by hiring professional who used to have a basic knowledge of computers, these professionals were from developing countries like India and they just used to replace the two-digit year code the four-digit year code manually. Over $30 million was spent to solve this problem in the UK and the USA. The Y2K bug is also among the major industry's disaster.
What is coming next?
There is a similar problem coming in 2038 know as the 2038 bug, which is caused due to the 32- bit processor and there limitations to processing data. This problem is the next big version of the 2038 problem and it might lead to sever more damage if not fixed in time, as now computers are everywhere then 2000s but many of us have shifted to a 64-bit processor, and many of the researchers say it might not be a major problem as we might not be using a 64-bit processor in the year 2038.