Cryptos Could Be Used In Data Protection
In the modern world, data privacy and ownership rights are a thorny issue that has been at the center of regulations prompting the enacting of policies such as the EU’s GDPR. On the other hand, data misuse has cost companies millions of dollars in legal sanctions and this is the reason why Endor, a data analytics startup, is offering a secure protocol that uses Crypto to proffer data safety, privacy, and compliance. This innovative data analytics model has the support of Charles Hoskinson, CEO of IOHK and co-founder of Ethereum. The CEO of Endor- Yaniv Altshuler- is upbeat that decentralization and the integration of Cryptos to data analytics are the most feasible options for data management.
The Cost Of Mining Bitcoin
Mining bitcoin is characterized by high electricity bills. Initially, mining Bitcoin was not such a complex issue but nowadays, with the increased popularity of the digital coin, mining bitcoin has gained traction and it has also become increasingly expensive. Back in the days, miners used a CPU to do the required calculations. Nowadays, they have to buy the expensive computer processor. Currently, a miner needs ASIC to carry out the mining process. By 19th August, 2019, the volume of power used to mine bitcoin was approximately 44 terawatts per year.
Silvergate Bank IPO Filing Reveals The Introduction Of Crypto-Lending Services
The use of Cryptos to secure loans is a growing phenomenon that is prompting Silvergate Bank to offer Crypto lending services as shown in an IPO Filing. The lender supports transactions between Crypto hodlers and their preferred Crypto trading platforms such as Bitstamp, Coinbase, and Xapo and the new investment product will result in an increase in Crypto/Fiat market pairs trade volumes as well as an improvement in the liquidity of Crypto trading platforms.