Category: Cryptocurrency
The environmental impacts of Cryptocurrencies
More and more frequently we hear words such as Bitcoin, Litecoin, Monero and Ethereum, digital-based medium of exchange known as ‘cryptocurrencies’. Most often, we hear about the beneficial potentials of cryptocurrency, such as that of not being controlled by any central authority, but working primarily as a decentralized, peer-to-peer network of exchange, recorded and produced by the cryptocurrency community as a whole (Krishnan et al.… Read More
From DIY Bitcoin Mines to Energy Guzzlers
Cryptocurrencies are the hot topic at the moment and many are trying to get their fair share of the profits. Mining cryptocurrencies, such as bitcoins, has become a lucrative business, since the blockchain technology on which they are built on require a verification of transaction through a network of people, or, miners.… Read More
The Magical State Meets the Magical Currency: What would Coronil have to say?
President Maduro just announced a cryptocurrency to be backed by the Venezuelan oil, gold, and diamonds reserves. The act was justified as a way of overcoming American financial blockades and stop American attempts of ending socialism in Latin America.… Read More
The Blockchain in Business Transactions : the Roadblocks to the Chain
More and more slogans coming from oil and gas, technology companies or even consulting firms, are singing the praises of the blockchain technology and how it will disrupt the business as we know it today.… Read More
Behind the Technicalities of Cryptocurrencies: Smart Contracts and Coinmap
Cryptocurrencies are becoming more and more relevant as we see the growth in interest and investment in them. Today the value of Bitcoin went beyond U$11,000, to the surprise of those who were still perplex of it hitting the U$10,000 mark yesterday.… Read More