The Civil War in Syria from 2012 to 2017 left the world stunned and left Syria with more than just homeless Syrians. More than 652 children died in 2016 alone and currently there are 5.1 million children who are in a dire need of help. UNICEF is trying to raise funds from Ethereum mining and utilizing the funds for this cause.
Sources working with UNICEF told AMBCrypto’s reporters that the Syrian crisis alone is a huge red flag on humanity’s ability to empathize. The sources also confirmed that there has been a significant rise in financial and technical support from the blockchain community.
UNICEF is recruiting gamers with an agenda of repurposing their gaming hardware to be used for mining.
WFP’s director of innovation, Robert Opp says,
“We feel this is a starting point,there are a number of potential uses of blockchain that could dramatically change the way we reach people in terms of our efficiency, effectiveness and security.”
Samantha Power, an American author says,
“Half of Syria’s refugees are children, and we know what can happen to children who grow to adulthood without hope or opportunity in refugee camps. The camps become fertile recruiting grounds for violent extremists.”
Ryan Boulinger, a blockchain developer, and evangelist says,
“This is what blockchain can do. Even though people have always thought of it as a money-making scheme only but the applications of blockchain are limitless. Yes, here in this particular case UNICEF wants to make money out of Ethereum mining but the important thing to note is that it wouldn’t exist without the blockchain technology”
With a valuation of some $88 billion, Ethereum launched in 2015 and the same market value to Starbucks, according to Forbes. Ethereum mining works similar to Bitcoin or other forms of cryptocurrency mining where people get paid for maintaining or verifying the cryptocurrency transaction. Mining generally includes:
- Creating a ledger and secure the transactions which work round the clock 24/7 X 365 days to verify transactions.
- The miner or miners generally get paid in the same token that they are mining for their effort in verification.
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