Canada Grants 300 Megawatts Electricity Block to Attract Bitcoin Miners

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From the victory for Bitcoin mining in Canada to the most popular decentralized applications in the Ethereum chain of chains, here are some of the stories that have broken out in the world of cryptography.

Bitcoin

Hydro-Québec, Canada's largest electricity company, will hand over a 300 megawatt electricity block to the local blockchain industry to attract Bitcoin miners. The total amount of electricity allocated to the blockchain sector is now 668 megawatts.

Canada's electricity companies are already among the top lowest price of electricity around the world. At $ 0.10 / kWh, less than a quarter of the New York and Boston tariffs, energy prices in Quebec are well below those of other major cities of North America.

According to the announcement,

"[The new allocation] will allow us to welcome these new customers without negative impact on our energy budget. We will be able to protect the low rates offered to our customers. "

Comparative index of electricity prices for residential customers
Consumption: 1,000 kWh / month
Source: Hydro-Québec

Said Jonathan Hammel, Bitcoin Technology Consultant at the Montreal Economic Institute,

"The decision of the Quebec Energy Commission is a major victory for Bitcoin miners in Quebec, but also for bitcoins in general. This is a clear demonstration that Bitcoin-related companies operate under the law of the land. "

Ethereum

Crypto research firm Santiment revealed the top 10 decentralized applications built on Ethereum, based on the activity of developers in the last month.

Storj, a decentralized cloud object storage service, tops the list and has 155.60 hours of development activity. Other prominent projects include Status, a mobile messenger, and a DApp browser; Augur, a platform for peer-to-peer market predictions; and Loom, a PaaS network for the development of decentralized applications and social games.

Ripple and XRP

Sharespost, an investment adviser registered with the SEC, has released an investment report on Ripple. The report analyzes upward and downside risks to the XRP.

"Ripple also owns XRP, the cryptocurrency that runs on RippleNet to provide a low-cost cross-border transaction and eliminate the risks associated with payment processing. Ripple has created a total of 100 billion XRP, of which nearly 40% currently circulate. "

  • On the upside
  • Favorable advice from the SEC could help Ripple as the San Francisco-based startup is already producing scalable products for global financial institutions.
  • XRP, the third most widely used cryptocurrency, is expected to reduce costs and increase the speed, security and reliability of cross-border payments.
  • Risks
  • Well-off banks and payment companies are challenging Ripple.
  • The number of companies offering payment solutions is increasing, which could lead to a consolidation of the sector.

You can read the full report here.

litecoin

The Litecoin Foundation has teamed up with Cobo Vault, creator of portfolios of military equipment, to deliver a Litecoin brand Cobo device that stores recovery phrases and protects them from the elements. This waterproof device the size of a 6061 aluminum tablet resists corrosion, acids and fire.

Stellar

Wirex co-founder Pavel Mateev explains in more detail why the company chose to create 26 Stablecoins on the Stellar network.

In one new interview with Coin Rivet, Mateev commented on the partnership.

"Stellar is the ideal partner for this project because of our common goal of democratizing access to financial services – not to mention the superior infrastructure and scalability of the Stellar blockchain.…

Wirex and Stellar share several fundamental beliefs about the role of digital money and its potential to change the way people use and manage their money. Stellar seeks to provide fast, reliable and cost-effective funds transfers to institutions, systems and people around the world – a mission that perfectly fits Wirex's vision of a fictitious future. We want to help unbanked people, democratize access to financial services and facilitate the integration of the symbolic economy in full swing. "

Tron

Tron has published his last report the ecosystem DApp of the network.

The report breaks down the last three games, which includes Tron Jedies where players can remove TRX directly into their wallet.

Cardano

Cristo on Crypto has released a new podcast episode. In this week 's show, Cardano' s creator, Charles Hoskinson, joins Cristo in a conversation about the effects of the bearish market on Cardano (ADA), Haskell 's training in Ethiopia, the pros and cons of having to deal with it. a public figure, the scale problems of the BTC and the ETH, and the future of Cardano.

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