Researchers from Lawrence Livermore National Laboratory (LLNL) have devised a physics-based cryptocurrency that links electrical energy and blockchain technologies in a new way.
This new blockchain concept, dubbed “E-Stablecoin,” could allow electricity to be transmitted between users who are spread around the world, without the need for interconnecting wires or a grid-based transmission system. The work solves critical digital asset stability problems and is the first cryptocurrency token design that is both collateralized by a physical asset and fully decentralized because it is secured by the laws of statistical mechanics.
The research appears in the journal Cryptoeconomic Systems.
Digital assets and cryptocurrencies (such as Bitcoin) have seen explosive growth since their inception in 2009, prompting President Biden to sign an executive order on ensuring responsible development of digital assets. The executive order notes that digital assets have profound implications in areas...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...