The Nerdy Sixty | (59/60) Year 2038 Problem | Challenge

What is the Year 2038 Problem in computing, and why does it happen?    
Hint 1 It’s like the Y2K issue but for Unix time on 32-bit systems, when the clock wraps around in 2038.  
Hint 2 32-bit Unix time (seconds since 1970) maxes out in Jan 2038, causing an overflow.
 

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