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Smart-Contract

How are Bitcoin loophole and Smart-Contracts?

Smart Contracts are the heart of blockchain technologies. They ensure decentralized execution of „contracts“ and are intended to ensure consistency in the network. A conventional contract outside of blockchain technologies consists of an agreement between several persons. Usually, the contract ensures that both parties can insist on their claims and present the contract as evidence …

energy consumption

The problem of energy consumption can be solved

BTC-ECHO in conversation with the Forschungsstelle für Energiewirtschaft e.V. (Research Centre for Energy Economics). The energy industry is often cited as an industry that could benefit immensely from blockchain technology. At the same time, criticism is growing of extremely energy-intensive mining processes such as those used at Bitcoin. BTC-ECHO author Phillip Horch has signed an …