Gas

Experimentation with blockchain and distributed ledger technology (DLT) continues with big players in the Italian energy and gas industry making transactions using the disruptive means.

President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.

The Italian political party Five Star Movement (M5S) is now planning to use innovative technologies including blockchain and distributed ledger tech (DLT) to stop buses and track crimes.

The British-Dutch oil and gas company Shell becomes the latest big-name entry into the Blockchain space. The company has announced its plans to leverage blockchain technology to tap into the new markets within the Energy Web Foundation (EWF), an enterprise-grade blockchain platform.

IBM is collaborating with Abu Dhabi National Oil Company - ADNOC, a state owned oil firm in the UAE, to pilot a blockchain technology supply chain system, per an official press release published by ADNOC on December 9, 2018. The blockchain technology application can be leveraged in natural gas, gas, condensates, liquids, oil and sulphur.

There are many ways to buy or exchange cryptocurrency for fiat money: exchange services, crypto exchanges, as well as exchanges through private individuals. Unprotected transactions and high commissions are the first thing that digital gold owners can face, as well as people who are just making their first steps into the cryptocurrency world.

A new research study has revealed that Bitcoin mining could be helpful, refuting the popular idea that its power consumption is dangerous to the environment.

The future of Ethereum (ETH) has come under scan with major claims that the cave in of its Crypto is unavoidable, and Vitalik Buterin, an ETH cofounder agrees at the moment.

Taylor Monahan, Chief Executive Office MyCrypto said that Ethereum is in the midst of a gas crisis, and the users were reminded of best practices setting transaction fees when using the globe's second-biggest blockchain.