Bankymoon to Launch Bitcoin-funded Smart Energy Meter
Most people on this planet will know how the blockchain can be used for various purposes, and the financial ecosystem is just the tip of the iceberg. Just a few weeks ago, the Cambridge MIT Enterprise Forum enlisted a focus group to come up with a real life use case to distribute electricity over the blockchain. One of the more promising presentations....
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South African Bitcoin startup Bankymoon has built the world's first blockchain smart metering solution for modern power and utility grids, VentureBurn reports. The startup outlined its plans in a presentation titled "Smart Grids and the Blockchain - Bitcoin's first killer App" at the recent Bitcoin Conference Africa in Cape Town, South Africa. Lorien Gamaroff, founder and CEO of Bankymoon, is expected to give another presentation on May 14 at the Bitcoin Conference in Prague. Modern "smart grids" permit efficient management of supply and demand, with Internet-connected "smart meters" that....
Another blockchain infrastructure platform has fallen victim to hackers, and it’s the third attack in recent weeks. This time Meter, the blockchain infrastructure, was attacked and saw more than $4.3 million stolen. Meter allows smart contracts to scale and travel through heterogeneous blockchain networks, including Ethereum. Around 2 p.m. on Saturday afternoon, this DeFi infrastructure […]
Another token bridge suffered a malicious attack where tokens were minted by a hacker through a smart contract exploit, eventually leading to a cascade effect across other DeFi networks. The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge.Moonriver is a smart contract platform based on....
Late last month, the non-profit MIT Enterprise Forum of Cambridge hosted an event focused on new developments in clean energy distribution and how blockchain technology could play a role in how electrical grids of the future are built. The event was sponsored by the Massachusetts Clean Energy Center, a government-funded agency that promotes clean energy expansion in the state, and included presentations from companies like IBM and startups like Consensys, Lo3 Energy and Grid Singularity. Arguably the most notable demonstration of the night came in the form of Usizo, a crowdfunding platform....
Bankymoon, a South African-based Bitcoin solutions company, is changing how people pay for utilities, making them more affordable. Bitcoinist spoke with Lorien Gamaroff, founder and CEO of Bankymoon, to find out more about the utility crisis in Africa and what Bankymoon is doing to solve it. Lorien, a South Africa native, shared with us about the crisis and how it is impacting Africans and the education system. Today, Africa is in a state of crisis due to its current unsustainable utility metering system. This metering system is what’s referred to as “post-paid,” meaning consumers pay....