Y2K Problem and Computer Memory

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Why did early computer systems store only the last two digits of the year instead of the full year?

To reduce the cost of computer memory, which was very expensive at the time.

What was one of the main concerns related to the Y2K problem?

Banking systems failing and payments not being processed.

What was the approximate cost of one kilobyte of storage in the early days of computing?

$100 USD

What did people fear might happen if the Y2K problem was not addressed?

Banking systems and payment processing could fail.

How did people respond to the Y2K problem?

Governments passed laws, businesses upgraded their systems, and people rewrote software to prevent system failures.

Explore the Y2K problem and its relation to computer memory storage. Learn about the expensive nature of computer memory in the early days of computing and the tactics employed to save storage space by storing only the last two digits of the year.

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