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Blockchain Underpinning Much of Germany’s Renewable Energy Evolution

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With Germany aiming to decommission all nuclear power generation in the country by 2022 and all coal-fired stations by 2038, myriad disparate renewable energy producers of various sizes are stepping up to meet demand. Distributed ledger technology is increasingly underpinning the architecture for many systems being designed by the country’s innovative renewable energy providers.

Cointelegraph spoke to Richard Lohwasser, the co-founder and CEO of Lition Energie — a Berlin-based greentech startup that has launched a blockchain-based marketplace allowing consumers to choose between multiple energy providers — to discuss how DLT is being used across Germany’s evolving energy sector.

A blockchain-powered energy platform

After being founded in late 2017, Lition was licensed as an energy supplier by German regulators in March of the next year and began providing power to customers the following month. The firm began large-scale marketing activities in the summer of 2019, estimating that it would have customers in more than 1,000 cities by winter.

Lition’s partners include international software providers Microsoft, SAP and PowerCloud, as well as local firms SüdwestStrom and N26, while its investors comprise “European family offices which invest through a convertible note.”

Lition operates a green energy marketplace that connects households directly with independent green power plants of their choosing. The company also plans to begin offering solar panels later in June. The platform comprises a proof-of-stake, second-layer solution built on top of Ethereum (ETH). Lition offers a data deletion feature and transaction fees of 0.001 USD Coin (USDC).

Cointelegraph: How has the German energy sector’s restructuring impacted local DLT firms?

Richard Lohwasser: It is hard to say at this point. We are in the middle of the Energiewende, which is the German term to describe this energy transition. The practical consequences of the new strategy are unfolding as we speak. Right now, the energy production is shifting to a more regional or local level.

There is a clear need for decentralization in the energy infrastructure on a national level. For many years, we were used to having just a few centralized energy producers. Accordingly, the whole infrastructure was fairly centralized and not at all suitable for an energy mix that includes a massive amount of wind, solar, biomass and other kinds of energy production that have a fairly low kilowatt per unit of energy output.

Therefore, there is real need to rethink and redesign the grids in a decentralized manner. Here is where blockchain comes in as a very useful tool to smooth this transition toward decentralization.

We are in the very infancy of this revolution. The vision and the ideal outcome is that neighborhoods can be self-sufficient and slowly get off the grid. It is also great from a dependency point of view, as we are entering an era of high energy consumption, and more and more devices are coming into our daily lives. This means that it’s becoming more important to have simple energy access.

CT: What about the experience of operating in Germany’s blockchain sector?

RL: Germany in general is a very vibrant country when it comes to blockchain, but where it is even more present is Berlin. Most startups and projects are here, and a lot of events are happening all year round. We are proud members of Bundesblock, which is an association that focuses on education for both decision-makers in politics and industry-leading corporations as well as the broader public.

Through a joint effort of the whole blockchain community, Germany finally launched its own national blockchain strategy in September 2019. We are very happy to have helped shape this document with our hands-on experience.

Operating here is still a challenge because of gray zones in legislation. For instance, we would like to let our customers pay with LIT, but that is still not possible. However, we see a genuine interest from the government in not missing the blockchain train.

CT: Can you give an overview of the Lition platform?

RT: Lition provides a platform where consumers can directly connect to a producer of choice, while producers can sell their energy at more favorable prices. Since the current legislation still hinders energy purchases involving only a private producer and a consumer, Lition acts as facilitator between the parties. There is where the blockchain comes in — it gives transparency to everyone involved, creating a unique, trustless environment.

We are still adjusting the system in regard to transactions per customer. So far, we have about one transaction every 15 minutes, in which a buy/sell order is triggered to sync the energy supply and demand between our producers and customers.

Lition is a layer-two protocol built to run on Ethereum to allow maximum interoperability and quick onboarding times. We developed our blockchain upon the Quorum open-source code; nowadays there is no need to reinvent the wheel from scratch, that’s the beauty of the open-source movement.

The history of our transactions is made unique through a hash that is anchored in intervals to the Ethereum network. This step ensures more robustness and decentralization to our technology. However, we are also developing an agnostic blockchain that also fits other main chains, so that end users of our tech can decide which mainchain they are willing to take advantage of, whether Binance, EOS, Cardano or another.

“Lition is mainly built to run data transactions of any type, such as data describing and virtualizing energy flows or data about syndicated loans (as we have), but every process that involves information systems and trust is a good fit for our tech.”

Furthermore, as we are integrated with the Ethereum blockchain, it is also possible to process smart contracts on this end and sync the data to our layer-two solution. Besides the energy business, Lition is also providing consultations and a technological framework to the businesses that want to take their first steps into the blockchain sphere.

This interview was edited and shortened for clarity.

Source: https://cointelegraph.com/news/blockchain-underpinning-much-of-germanys-renewable-energy-evolution

Blockchain

Which crypto exchange platform is faster, coin transfer or Godex?

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The coin transfer exchange works in a semi-automatic mode. The exchange takes place from morning to evening with the participation of the operator. All switching processes are carried out with the help of a support person. This way of working has its advantages.
A lot of people these days use automatic exchanges because it’s quick and easy. However, a semi-automatic service offers the possibility of a safe change.
This option is particularly recommended for beginners who do not yet know how to correctly fill in the fields in trades, how to find out the amount of the commission and when to complete the operation.
Most important steps in currency exchange
The change works in 3 steps:

Step 1: Select a currency pair to swap in the cryptocurrency converter. Check the box that you agree to the tariff, service fees, and fees for the cryptocurrency network.
• Step 2: Fill out the exchange form and check the entered data, as in most cases cryptocurrency transactions cannot be canceled.
• Step 3: Send the amount specified in the application to the address provided by the exchange operator and receive the cryptocurrency on your wallet within 5-30 minutes.
Cointransfer has been active since 2016 and offers 219 currency pairs.
The swap board has over 1,760 reviews, most of which are positive. If you have already changed the currency on this service, you can leave your feedback and add to the collection of comments on this exchange service.
Godex
The Godex crypto exchange is an excellent example of a website that allows you to exchange one type of cryptocurrency for another online. Dynamic price changes, complete absence of transaction limits (the transaction time can increase with large amounts), a clear user interface – everything is done here to ensure that investors feel comfortable. There is also a dedicated affiliate loyalty program so you can get a quick entry into the cryptocurrency market. It is time to look into the subject of such an investment.
You should understand right away that it is impossible to completely eliminate the risks involved in buying a cryptocurrency. Even most stable coins can lead to a complete loss of the money invested; even if the likelihood of such a course of events is extremely low. Only after you have considered all the advantages and disadvantages of each model, familiarized yourself with the market indicators over a period of time and analyzed the opinions of experts, should you make an informed decision.
When you are ready to buy cryptocurrency, you should do so strictly in accordance with certain rules. Investments need to be planned and made wisely. Creating a wallet with an address is necessary and does not take much time. You can buy the cryptocurrency you are interested in after registering with a specialized exchange – just select a popular currency to buy. After buying, many advise transferring the coins to offline storage to eliminate the possibility of hacking and theft of investments. By investing in one with a view to market capitalization, the risks of a currency can be significantly reduced. The three cryptocurrencies that currently meet these requirements are:
Bitcoin;
Ethereum;
Litecoin.
Godex.io currently serves thousands of customers with over 10,000 transactions daily. So if you are looking to swap one coin for another, you should try Godex.io and enjoy fast transactions at good exchange rates.

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Maker Hits a New All-Time High Close to the $5,000 Mark

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Maker is the first Ethereum-based smart contract system to launch an automated cryptocurrency lending platform. 

Maker provides the first decentralized basic stable currency Dai (which can be compared and analyzed as the U.S. dollar on Ethereum) and a derivative financial system, promoting the prosperity of decentralized finance (DeFi).

Dai is issued through a full mortgage guarantee of digital assets. Since its launch in 2017, Dai has always remained anchored to the U.S. dollar with a 1:1 ratio.

On April 19, members of the MakerDAO community began to vote on MIP45, a proposal aimed at upgrading the liquidation system of the Maker protocol and maintaining the stability of Dai pegged to the U.S. dollar.

If approved, the liquidation 2.0 system will provide higher security, predictability, and decentralization, and provide community members with more opportunities to participate in collateral auctions through Auction Keeper software and a more conventional interface. This will promote the participation of the Maker community and the entire DeFi department.

According to data from DeFi Pulse, Maker, the largest DeFi agreement with system collateral of $965 million, dominates 16.44% of the entire DeFi market.

The holders of the Maker (MKR) tokens of the project have received a 64.23% price increase reward in the past week. According to CoinMarketCap, Maker with a market cap of $4,817,105,553, ranks as the 30th largest cryptocurrency.

The token has grown nearly eight-fold since the beginning of this year, rising from $587 to $4,652,  It hit a record high of $4,995 today, breaking the $4,500 marks in one clean swoop.

Maker (MKR) Price Analysis

Source: MKR/USD 4-hour via TradingView

Judging from the 4-hour candlestick chart, MKR has successfully broken through its previous high of $4,118, and the rapidly expanding trading volume has resulted in $4,118 being flipped from a resistance to a support level.

The transaction price of MKR/USD is higher than the Exponential Moving Average (EMA) ribbon. Both the upward moving average and the bullish MACD index indicate that the bulls are currently dominating the market.

However, the Relative Strength Index stepping into the overbought zone is gradually levelling off, which suggests that MKR is encountering relatively strong selling pressure after touching its all-time high of $4,995 today. The MKR’s price will therefore experience a slight retracement, and it is likely to trade sideways for a period of time around $4,400-$4,600 before resuming its upward momentum.

If MKR’s price can stabilize above $4,200, then the upward trend of Maker may open a faster upward channel. As Maker hit a new high, this will mean that the altcoin will not encounter strong selling pressure on its way up. If the entire crypto market emerges from its current slump, it is highly likely that Maker breaks through $5,500 in the short term.

Conversely, a surge in the number of sell orders will push MKR below the $4118 support level and may trigger a more severe correction to the 20-day Exponential Moving Average of $3,795.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/analysis/maker-hits-new-all-time-high-close-5000-mark

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Bitkingz Casino Exclusive Bonus

Bitkingz casino is a crypto and fiat casino. The casino offers over 4000 casino games. Online… read more

The post Bitkingz Casino Exclusive Bonus appeared first on BitcoinChaser.

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Bitcoin Chaser – April 22, 2021

Bitkingz Casino Exclusive Bonus

Bitkingz casino is a crypto and fiat casino. The casino offers over 4000 casino games. Online slots are the most popular vertical, and you’ll find offerings from providers such as BGaming, Betsoft, Endorphina, Playtech, and Yggdrasil. 

Bitkingz has a mobile version available on most devices, and it is licensed and registered by the government of Curacao. Are you looking to get more bang for your buck? Well look no further! Head over to Bitkingz Casino for a BitcoinChaser exclusive promotion. 

Players will get 20 free spins on sign up to get them started. This red hot promotion is then followed by a 150% first deposit bonus up to €350 with 50 free spins!

Bitkingz offers 24/7 online support and a cast array of tournaments and promotions. Dive into Bitkingz Casino today and get the most out of your gambling experience! 

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinchaser.com/bitkingz-exclusive-bonus/

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RIT Capital Partners acquires a stake in crypto exchange Kraken.

According to the official announcement, RIT Capital Partners invested in the crypto exchange Kraken last month. The British investment firm described Kraken as one of the largest cryptocurrency exchanges worldwide, with more than 6 million clients. Kraken has seen a surge in cryptocurrency trading volumes during the last few months. The crypto exchange is also reportedly […]

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According to the official announcement, RIT Capital Partners invested in the crypto exchange Kraken last month. The British investment firm described Kraken as one of the largest cryptocurrency exchanges worldwide, with more than 6 million clients. Kraken has seen a surge in cryptocurrency trading volumes during the last few months. The crypto exchange is also reportedly planning to go public in 2022 through a direct listing.

“Kraken is currently in talks with investors about another round of fundraising.”

“Kraken is currently in talks with investors about another round of fundraising that could give it a valuation of $20bn. Talks have been held in discussions with Fidelity, Tribe Capital, and General Atlantic. Kraken CEO Jesse Powell said this is being delayed in order to evaluate how Coinbase’s IPO performs. Kraken has a strong balance sheet, and the company is not in a rush to raise capital,” the official announcement states. Kraken is not the only cryptocurrency exchange that is planning to go public for global expansion; several other crypto exchanges are eying IPO in the coming time. 

Coinbase went public via a direct listing on Nasdaq last week. 

The US-based crypto exchange went public last week and received a reference price of $250 for COIN shares. The shares of the crypto exchange touched an all-time high of approximately $420 on its debut but saw a correction later. COIN stock closed at $311 yesterday. As reported earlier, Coinbase CEO Brian Armstrong sold 749,999 COIN shares worth nearly $292 million last week. The US-based crypto exchange saw nearly $335 billion in trading volumes during the first three months of 2021. The crypto industry has garnered a lot of mainstream attraction in the last year or so. Coinbase getting listed on Nasdaq is being hailed as a major milestone for the crypto industry. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinnounce.com/rit-capital-partners-acquires-a-stake-in-crypto-exchange-kraken/

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