The president of El Salvador has announced plans to build a ‘Bitcoin City’ at the base of volcano, whose geothermal energy is used to mine the cryptocurrency. It comes just over two months after the Central American country became the first country in the world to formally adopt bitcoin as a legal form of tender. The city will be built near the Conchagua volcano to take advantage of geothermal energy to power both the city and bitcoin mining – the energy-intensive solving of complex mathematical calculations day and night to verify currency transactions. DO you think that Bitcoin is liley to be a legal tender for other companies after the city has been built ?
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