sent the year. This thing was implemented to almost all electronic devices which used or displayed date.(Christie, B. 1999)
There is a simple example of the possible two-digit mismatch. A computer has worked out the value of money transferred in or out of a money account based on the following simple calculation.
VALUE = (YearNextYear – YearRightNow) x $1000
If the hypothetical computer uses a four-digit dates it will transfer this amount into the particular account.
VALUE = (2000 – 1999) x $1000 = $1000
If the computer is not Y2K compliant, the system will debit the account.
VALUE = (00 – 99) x $1000 = MINUS (-) $99,00
This is a demonstration of the problems that millenium bug could cause. Not only software but also hardware components of the computers are controlled by date. So the problems could occur also as a hardware failure.(Christie, B. 1999)
The year 2000, as it is a leap year, may bring more of the problematic situations. Another problem is that in this year there is an additional date – 29th of February. According to John Koskien of the Y2K`s Council's Information Coordination Center the glitches would affect mostly software. He said that there are numerous ways to make clear what is a leap year, there is a chance of some programs lacking the code to calculate the last day of February. This could
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