Cryptocurrency Information Bureau News: Senator Hegarty makes Tennessee a Bitcoin mining hub! Future city plan launched. #Bitcoin #Tennessee #Mining
Video explanation
Tennessee to Become the Center of Future Technology? Senator Hagerty Has a Big Plan!
Hello everyone! I'm John, your next-door neighbor and blockchain expert. Today, I'm here to bring you some exciting news that will give you a sneak peek into the future! This time, the setting is the state of Tennessee in the United States. A certain congressman is apparently making some grand plans for the future of the state. What exactly is that plan? Let's take a look together!
The person in this photo is the subject of this article, Senator Bill Hagerty from Tennessee, USA.
Let's start with the basics! Senator Hagerty and "Stablecoins"
Senator Hagerty is currently working hard on legislation regarding stable coins. Now, some of you may be wondering, "What is a stable coin?"
StablecoinsSimply put, a stablecoin is a special type of digital money designed to have a stable value. For example, its value is linked to real currencies such as the US dollar or the Japanese yen, or it is linked to other assets such as gold. This makes it safer and easier to use for transactions than many other cryptocurrencies (including the well-known Bitcoin), whose prices are prone to large fluctuations. It is also expected to be used in everyday situations such as shopping and remittances.
Senator Hagerty is working hard to create rules that will make stablecoins safe and convenient to use in society.
Tennessee's Future Vision: Bitcoin Mining and AI Data Centers
But stablecoin legislation isn't the only thing Senator Hagerty has his sights on. He has bigger plans to make his home state of Tennessee an even more futuristic technology hub!
- Bitcoin Mining(Bitcoin Mining)
- AI Data Center(AI Data Centers)
The plan is to attract these two to Tennessee and make it a major base. That sounds like a complicated list, but don't worry! Let's take a look at each one.
First of all, what is "Bitcoin mining"?
Many of you may have heard the word "Bitcoin" in the news. It is one of the world's first successful digital currencies.
AndBitcoin MiningThis is a very important task that supports the Bitcoin system.
- Producing new Bitcoins (this is called "mining" because it's like digging for gold in a gold mine)
- Record and verify that Bitcoin transactions are valid (similar to how a bank records transactions)
It plays a role such as. This work requires a lot of high-performance computers and a lot of electricity. Senator Hagerty wants to gather facilities for this mining work in Tennessee.
What is an "AI Data Center"?
Next is the "AI Data Center." "AI," or artificial intelligence, is beginning to be used in various aspects of our lives. AI technology is actually being used in familiar areas, such as self-driving cars, cleaning robots, and smartphone voice assistants.
To make this AI smarter, it needs to learn huge amounts of data and perform complex calculations.AI Data CenterIt is a huge facility that gathers and safely operates a huge number of high-performance computers (called servers) that serve as the "brains" of such AI. It is like a "super-large library and computing center for AI."
As AI technology continues to develop, the importance of these data centers will only increase.
Why Tennessee? What's Hagerty up to?
So why is Senator Hagerty trying to attract bitcoin mining and AI data centers to Tennessee?
The article did not go into detail about the reasons, but generally speaking, there are several major benefits to attracting such cutting-edge technology facilities.
- Job creation: Many new jobs will be created in the construction, operation and maintenance of facilities.
- Economic effects: The entry of related businesses into the area and the development of new services has the potential to revitalize the entire local economy.
- A hub for technological innovationIf Tennessee becomes a hub for new technologies, it could attract talented people and companies, leading to further innovation.
- Coordination with energy policy: Bitcoin mining in particular consumes a large amount of electricity, so it is sometimes planned in conjunction with the state's energy supply (for example, by utilizing surplus electricity and renewable energy). Tennessee has a large electricity supply organization called the Tennessee Valley Authority (TVA), so that may also be related. (This is just my speculation!)
It seems that Senator Hagerty has a strong desire to use these benefits to make Tennessee a leading industrial state of the future.
Message from John
Wow, that was an exciting story! When I hear politicians taking concrete steps to improve their states and countries with a firm eye on the potential of new technology, it makes me hopeful for the future. Technologies like Bitcoin and AI are still in their infancy and of course there are challenges, but I think they have great potential to enrich our lives. I would be happy if such movements become more active in Japan!
This article is based on the following original articles and is summarized from the author's perspective:
Senator Hagerty's Vision Beyond The GENIUS Act: Make
Tennessee A Hub For Bitcoin Mining