Wine, Mountains, and Mining Rigs: Georgia as a Crypto Powerhouse
Cointelegraph
Published Mar 25, 2019 07:53AM ET
Updated Mar 25, 2019 08:05AM ET
Wine, Mountains, and Mining Rigs: Georgia as a Crypto Powerhouse
The former Soviet republic of Georgia, which occupies picturesque mountain valleys and rugged ridges of the Southern (NYSE:SO) Caucasus, has roughly the same population as the state of Connecticut. It is renowned as the birthplace of Joseph Stalin, as well as for being one of the oldest wine regions in the world, its rich and eclectic cuisine, and, more recently, for hosting the world’s third-largest cryptocurrency mining operation.
Additionally, an estimated 5% of the nation’s households are engaged in mining crypto or invested in it. Back in 2016, the Georgian government was the first to create an operational blockchain-powered system for property rights registration, which by mid-2018 had hosted more than 1.3 million electronic documents. State officials are now looking to move all government registries to distributed ledgers.
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Written By: Cointelegraph
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