Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
Buenos Aires will implement validating nodes of Ethereum a decentralized open-source blockchain with smart contracts functionality. in 2023, said Diego Fernandez in a conference ETHLatam.
- City of Buenos Aires to implement Ethereum nodes
- The deployment of the nodes will be carried out under a regulatory sandbox.
- This is what the city’s innovation secretary, Diego Fernandez, said.
From yesterday and until tomorrow, Buenos Aires will be for the first time the venue of the Eth Latam, an event that aims to bring together the community of Ethereum in the region and encourage the growth of those who develop projects in the region.
There, the Secretary of Innovation and Digital Transformation of the city of Buenos Aires, Diego Fernandez, said that the Argentine capital capital is most commonly defined as the large sum of money you would use to invest. plans to implement validation nodes for the validation of Ethereum next year 2023.
In an interview with the media CoinDesk Fernandez said that the effort “has exploratory and regulatory purposes” and will help the city of 3 million people to “ develop adaptive regulation “for cryptocurrencies.
In this way, Buenos Aires would perhaps be the first city in the world where a government implements nodes of Ethereum, or a computer running the Ethereum client a client is software that can access and process blockchain transactions on a local computer. A common application of this is a cryptocurrency software wallet. software.
The deployment of the nodes will be carried out under a regulatory sandbox that the Buenos Aires legislature approved in 2021, Fernandez added. Also, through the sandbox, the government of Buenos Aires will call for individuals to contribute to the deployment of the nodes.
He did not indicate how many nodes the city will install, but said they will be housed in data centers at “world class” property of the government of Buenos Aires.
Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Identity
It’s worth noting that this isn’t Buenos Aires’ first foray into crypto. In March, the city started working on a digital identity platform a place to buy, sell and store cryptocurrency based on Blockchain, TangoID, with the aim of giving city residents control over their personal data. The platform will be operational in January 2023, he added. During his presentation yesterday, Fernandez detailed that TangoID will initially be anchored in Starknet.
Also, much earlier, in 2019, theLaboratorio de Innovación del Banco Interamericano del Desarrollotogether with NEC Argentina and the Civil Association DECODES (ONG Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Argentina) announced a Memorandum of Understanding (MoU) to develop the Digital identity project for inclusion based on Blockchain, “which aims to improve access to quality goods and services for the inhabitants of Buenos Aires through a portable, secure, transparent and self-sovereign digital identity”.
Also in Buenos Aires, in April, Mayor Horacio Rodriguez Larreta announced that the city would would allow the payment of taxes through cryptocurrencies. At the time, Larreta detailed that the government will not receive cryptocurrencies directly from residents, but Argentine pesos, through conversions to be made by cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. companies.
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