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QTUM TO LAUNCH CUBESAT FOR CRYPTOCURRENCY BLOCKCHAIN PLATFORM

QTUM TO LAUNCH CUBESAT FOR CRYPTOCURRENCY BLOCKCHAIN PLATFORM Qtum Foundation announced a collaboration with the SpaceChain Foundation to launch a standardized CubeSat, which will carry Qtum‘s blockchain software technology on a Raspberry Pi device. The electricity required for cryptocurrency mining — or tallying cryptocurrency transactions in exchange for a small fee — has increased exponentially over the years. According to Digiconomist, Bitcoin mining power consumption had increased 56.2 percent over four months to hit 47.07 TWh, costing $2.3 billion per year and consuming 0.21 percent of the world’s electricity.   More



(Source: Satellite Today - Feb 9)

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