Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
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.
While Adams joined the group of mayors who would receive their pay in Bitcoin, information released by the City of New York indicates that the appropriation will be made in BTC y ETH through Coinbase.
New York City Mayor Eric Adams will receive his first paycheck for his public office tomorrow in 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. (BTC), as promised at the end of 2021.
Adams’ first payment will be entirely in crypto
While Adams had already advanced that he was completely open to this possibility and that it would be something that was going to happen, this time it was the mayor’s office of New York City which confirmed that this would be effective tomorrow, as it published on its website that the mayor’s remuneration will be made in cryptocurrencies through Coinbase.
An interesting fact is that most of Adams’s salary will be consigned in Bitcoin, but the official also requested that a portion of the same be appropriated to him in Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH), which denotes that the burgomaster would be in favor of cryptocurrencies as a technological / economic concept, rather than just being a fan and/or enthusiast of a particular one.
Let’s keep in mind that at the time, when Adams confirmed that he was joining the growing group of public officials who would be paid in Bitcoin, he indicated that he would do so with his first three checks and added:
“New York is the center of the world and we want it to be the center of cryptocurrencies and other financial innovations… Being at the forefront of such innovation will help us create jobs, improve our economy and continue to be a magnet for talent from around the world.”
Promoting crypto and cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. education Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.
Many analysts and enthusiasts frame this as an overall achievement for the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies ecosystem, as it would give more visibility to these assets as a means of payment for products and services, even within such a traditional ecosystem as government-related positions.
It is worth noting that Adams, in addition to being an enthusiast of digital currencies, also insists on the importance of more and more people handling quality information about these assets and their underlying technology. In November of last year, the mayor asked to consider that children begin to become familiar with these issues from primary education, in order to encourage greater adoption and understanding of these technologies at an early age.
Something similar happens with the mayor of the city of Miami, Francis Suarez, who instead of defending education from elementary school, insists on offering the possibility to workers and people interested in receiving remuneration for their work and services in the city of Miami. Bitcoin. In this case, the official does define himself as an enthusiast of the main digital currency, defending among its properties its deflationary character and the transparency of its network.
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Version by Angel Di Matteo / DiarioBitcoin
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