Fort Worth City Council to vote on pilot that would allow the city to mine Bitcoin

What is Bitcoin?

While the pilot is fairly small in itself, if approved it could set a great precedent for Fort Worth as a cryptocurrency mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. friendly city in the state of Texas.

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Fort Worth, a city in the North Texas area, will hold a vote in their Municipal Council to pass a resolution allowing them to undermine 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. a través de las entidades debidamente registradas.

Fort Worth to vote to operate miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. Bitcoin

According to reports presented by the Municipal Council The purpose of the vote is to take a position on the donation of some three cryptocurrency mining machines provided by the Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Council of Texas a non-profit organization that seeks to promote the adoption of cryptocurrencies and their underlying technology at the state level.

In this regard, the Municipal Council de Fort Worth escribió:

“The City Council desires for the City to be a local government sector leader and jurisdiction…in the Industry by welcoming and encouraging the growth of Blockchain and cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. technology companies in Fort Worth.”

The three pieces of equipment in question have a total value of around USD $2,100 and are expected to be used in state entities as part of a pilot project, which will be reviewed in the next six months to see the benefits generated.

Big Implications for Texas

Beyond the fact in question, the reading given by analysts and enthusiasts is that if the vote is positive, this will be a breakthrough for Texas in general, as it would have the first local city where mining is directly promoted by state agencies, in addition to being awarded as a locality. “Cripto-Amigable”.

The resolution explains that once the pilot is over, if you do not wish to continue mining cryptocurrencies, the equipment will be returned to the Consejo Blockchain de Texas. However, the emphasis behind this proposal is to encourage the prospect that the locality poses benefits for those interested in pursuing cryptomining activities.

Let’s keep in mind that in 2021, Texas passed a bill to update the Commercial Code the action of coding is to write programming statements for a program. managed by the state. Some changes were introduced here and a definition for virtual currencies was presented. The creation of a 16-member working group to examine the potential benefits of virtual currencies was also approved. Blockchain for the sector.

For the time being, the Municipal Council Fort Worth is preparing to vote on this new resolution tomorrow. It remains to wait and see the results, as well as the possible repercussions for the industry locally.



Source: Decrypt ,TheBlockCrypto

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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