Venezuela can issue own cryptocurrency

Venezuelan authorities together with Onixcoin are working on own cryptocurrency
10 October

In connection with the extremely difficult economic situation in the country, Venezuelan authorities are considering the possibility of creating their own crypto currency. This is reported by The Merkle.

As the newspaper notes, the central bank of the country seriously thought about the creation of a national crypto currency. This measure is forced, because, according to experts, it can help to overcome hyperinflation. Together with the central bank of Venezuela, Onixcoin is working on the concept of the national crypto currency.

Also, the government of the South American country is considering various opportunities for development of mining in Venezuela.

Because of the raging hyperinflation in Venezuela cryptocurrencies are in high demand. In particular, local businessmen agree to accept even digital collector cards with Pepe frog, created on the Counterparty block-platform.

On the other hand, the Venezuelan authorities are severely suppressing the production of crypto-currency, accusing the miners of Internet fraud and the theft of electricity.

Intel to Apply Blockchain Mining to Genetic Sequencing

Intel intends to utilize the energy expended during cryptocurrency mining for the sequencing of genetic data
15 December

Yesterday the U.S. Patent released a patent application called "Blockchain System with Nucleobase Sequencing as Proof of Work". In the application Intel’s inventors describe a type of computer called a sequence mining platform (SMP) which would identify the order or nucleobases in a deoxyribonucleic acid (DNA) or ribonucleic acid (RNA).

Nucleobases are the molecules that make up DNA and RNA, which contain the genetic information within every living organism on the planet. The order of these bases determines what physical traits a person, plant or animal features.

The patent application states that the SMP would use a nucleobase sequencing unit to actually establish the order of nucleobases in a given sample, which would then be verified by the blockchain before being permanently recorded on it.

The POW algorithm will be used to both identify the sequence and subsequently verify it, according to the application, and the sequence recorded on one block would be used as a base for the POW problems in the next block.