Power to the People: Blockchain Replaces Government in Europe
Until very recently, Blockchain has been mostly associated with Bitcoin – the digital currency built on top of it. Not trying to underestimate the importance of the latter, it is fair to say that Blockchain technology is much more than digital money. The need to look beyond the currency and investigate the potential use of the technology in industries outside payments is often emphasized. So should global governments be embracing Blockchain? Backing e-government platforms with Blockchain can solve a number of issues that arise when dealing with public authorities nowadays. Citizens feel so....
Related News
Andreas Antonopoulos and others are perpetuating a misconception about the nature of power by advancing the notion that the most monied institutions on the planet won’t crack the code for their own blockchain-based systems. Antonopolous claims that, if a blockchain is not an “open” — or public — blockchain, then it “ain’t worth shit.” Tell that to the people investing millions, likely soon to be billions, in just that. The question Antonopoulos brings up has little to do with distributed ledger tech, blockchain or bitcoin, but rather the way in which power works in our world. Power is the....
Bitcoin and the concept of decentralization made many things possible, such as Bitnation, a decentralized government. I have recently gotten the chance to talk to some people behind Zennet, the worlds first public super computer. 1. What is Zennet? Zennet is a decentralized peer-to-peer platform that lets anyone rent out and profit from their idle computation power, and anyone rent this power. 2. What does it aim to achieve? Zennet aims to create the world’s biggest decentralized supercomputer, accessible to anyone around the globe. 3. How does it plan on doing just that? Zennet will run....
An initiative that aims to create the world's largest decentralized public ""supercomputer" has just come out of stealth mode. Zennet is a network that allows anyone to sell their idle computation power and anyone to rent it. Using Zennet's infrastructure and the Blockchain, people that want to monetize their computation power can connect and trade with people who are looking to access vast swaths of power at free-market prices. The Zennet initiative is the brainchild of renowned developer Ohad Asor. It lives in the world of distributed and decentralized Blockchain applications, and in the....
The Argentinian government is starting to inquire about the power consumption of bitcoin mining companies after some provinces in the country faced power cuts during the last days of 2021. Cammesa, the state-owned power wholesaler, has sent a memo to big power consumers to reveal whether they are mining cryptocurrency. If so, the companies should reveal their actual power consumption so a price hike can be coordinated, and they will need to invest in power infrastructure.
Argentinian Government Sets Sights on Bitcoin Mining
The Argentinian government is trying to pinpoint the....
The European Securities and Markets Authority (ESMA) is responsible for promoting investor protection, orderly markets and financial stability. At a blockchain conference last week in London, Patrick Armstrong, Senior Risk Analysis Officer, detailed ESMA’s approach to blockchain technology. One strategy he noted was to ban blockchain products or....