Search Coins

Argentinian Tax Agency Ramps Up Digital Wallet Seizures

news.bitcoin.com19 minutes ago
0

TA: Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

www.newsbtc.com42 minutes ago
0

No Matter The Price, The Message Of Bitcoin Has Already Won

bitcoinmagazine.coman hour ago
0

BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

cointelegraph.coman hour ago
0

EU agrees on MiCA regulation to crack down on crypto and stablecoins

FTX on the verge of purchasing BlockFi in $25M fire sale: Report

cryptopost.com2 hours ago
0

‘Cryptoqueen’ Ruja Ignatova makes FBI’s Ten Most Wanted list

cryptopost.com2 hours ago
0

US lawmakers say crypto industry has a ‘tech bro’ problem hurting innovation

cryptopost.com2 hours ago
0

For Bitcoin, Sentiment And Value Are Not The Same Thing

bitcoinmagazine.com2 hours ago
0

Bitcoin: Decoding why BTC fell below $20k mark on 30 June

ambcrypto.com2 hours ago
0

Deutsche Bank Predicts Bitcoin Rising to $28K by Year-End — Warns ‘Crypto Free Fall Could Continue’

news.bitcoin.com2 hours ago
0

Coinbase Plans Overseas Expansion, Seeks Licenses In Europe

bitcoinist.com3 hours ago
0

Rewards4Earth plans to roll out crypto rewards to 1000 sports clubs in Australia

cointelegraph.com3 hours ago
0

Can Ethereum continue holding its $1000 level amid major sell-off

ambcrypto.com3 hours ago
0

How The Fiat Standard Has Impacted Relationships, Sex And Family — And How Bitcoin Can Fix It

bitcoinmagazine.com4 hours ago
0

Shiba Inu investors can consider this metric before exiting their position

ambcrypto.com4 hours ago
0

Coinbase Reveals European Expansion Plan — Seeks Licenses in Spain, Italy, France, Netherlands

news.bitcoin.com4 hours ago
0

How Foresight Ventures Is Approaching Investments in the Current Market Environment

news.bitcoin.com5 hours ago
0

Is Coinbase Losing Its Edge? Nano Bitcoin Futures Sees Low Interest

bitcoinist.com5 hours ago
0

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

www.newsbtc.com5 hours ago
0

The Metaverse Offers Virtual Reality But Real Profits

bitcoinist.com5 hours ago
0

Coinbase Announces Support for Little-Known Ethereum Scaling Altcoin and Mid-Cap Stablecoin Project

dailyhodl.com6 hours ago
0

Top Crypto Trader Warns Bitcoin (BTC) Could Crash Much Lower Than $20,000 – Here’s Why

dailyhodl.com6 hours ago
0

Why Rich Dad, Poor Dad Author Will Wait For Bitcoin To Drop To $1,100 Before Buying More

www.newsbtc.com6 hours ago
0

ETH 2.0 deposits reaching ATH could mean this for ETH holders

World’s Fifth Largest Electric Company Using Ethereum (ETH) DApp

May 15, 2019 6:30 PM +00:00
0

The world’s fifth largest electrical company has announced a partnership with Ethereum app iExec that will involve the company utilizing the decentralized application (DApp) in a project test.





EDF, which operates a $33 billion market capitalization, has launched GPUSH on iExec, a visual simulator software that is now available through the DApp operator. EDF reports that launching there program through a DApp gives them access to the Ethereum Mainnet, which, among other things, will allow them to test the software in the context of a blockchain.





GPUSH involves a simulation software for modeling fluid behavior, which EDF plans to use to study and evaluate the effects of hydroelectric dams and other sources of liquid-based energy. In particular, the company is looking to Ethereum’s mainnet and the feature of blockchain to see if it is able to improve upon the simulator, compared to the standard GPU computing platform.





Speaking in an interview with CoinDesk, EDF blockchain engineer Gilles Deleuze explained that Ethereum’s network features has the potential to improve the utility of the simulator,





“In a wider perspective, […] development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. So, let’s explore it.”





Deleuze also hinted that his company has larger plans for using Ethereum and decentralized applications in testing their projects,





“The plan is to continue with other open scientific codes requiring possibly other types of workerpools.”





iExec is one of the oldest applications on Ethereum’s network, first launching in 2016 as a way to explore the potential of cloud computing on blockchains. Cloud computing, in its current iteration, is largely under the control of massive corporations with a large supply of resources to devote to the technology. iExec wondered if cryptocurrency networks, utilizing blockchain, could provide an economical and efficient method for decentralized cloud computing.





iExec’s Head of Innovation and Adoption Jean-Charles Cabelguen told CoinDesk that their DApp was advantageous for GPUSH and other project simulators, as it allows for a more “clear monitoring of the state and computational power of the app and increased ‘resilience,’” by running on a decentralized network.





However, Cabelguen complained that Ethereum’s network has drawbacks in its present form, particularly in terms of scalability–an issue that is being addressed in the massive Ethereum 2.0 overhaul.





According to Cabelguen,





“The heavy computing is done off-chain and does not overwhelm ethereum. Afterward, blockchain is used to reach a consensus on the validity of computation’s results. A hash of this result is stored on the blockchain.”





With Ethereum’s transition to Proof of Stake and the 2.0 update, scalability should become less of an issue for decentralized applications running on the network. In addition, the DApp market is continuing to rise, even if newcomers TRON and EOS are bringing substantial competition to the space that was once entirely controlled by Ethereum. Within the next few years, DApp-based project launches such as EDF’s GPUSH could be a regular occurrence by industry.


The post World’s Fifth Largest Electric Company Using Ethereum (ETH) DApp appeared first on Ethereum World News.

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.