STLR Link Roundup – March 18, 2018

NY State Village, Plattsburgh, Becomes the First Town to Ban Bitcoin Mining Plattsburgh, a city in upstate New York, has been a hotbed of Bitcoin mining activity because of its access to low cost electricity. The profitability of Bitcoin mining is largely a function of electricity costs. Plattsburgh has one of the lowest electricity rates in the United States. The country-wide average rate is 10 cents per kilowatt-hour. In Plattsburgh, residents pay 4.5 cents and Continue Reading →

Enforceability of Smart Contracts under the Statute of Frauds

What is a Blockchain: Blockchains are digital ledgers maintained by a network of computers. Anybody with internet access can set up an account to use a blockchain. The account is comprised of a public and private key. The public key can be analogized to an email account where the private key is like the password. Using the account allows to owner to send and receive tokens (such as bitcoin) and other information. All the transactions Continue Reading →