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Home Cryptocurrencies

Blockchain the Votes

November 10, 2020
in Cryptocurrencies
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Blockchain-the-Votes

Blockchain-the-Votes

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Since 1848, major news agency, the Associated Press, has tallied the United States election votes. Following an announcement earlier on November 3rd, 2020, the agency stated that it will be using blockchains to authenticate the election results’ correctness by integrating them into their own APIs.

The Associated Press declared that it will be writing the verified 2020 United States presidential election results onto the Ethereum (ETH) and EOS blockchains. Ethereum and EOS are cryptocurrencies based on blockchain technology; a decentralized infrastructure of transacting and trading these currencies. It was also announced that the data will be posted to Everipedia, a blockchain-based competitor to Wikipedia.

This feat is possible as both the Ethereum and EOS blockchains can be used to track other data, aside from their native cryptocurrencies (ether and EOS). Both blockchains are based on computer languages that can be used to write applications that run websites without centralized servers. Additionally, they provide unalterable, time-stamped results.

It must be maintained that this method is only as strong as the actual voting process itself. Using blockchain to prove the authenticity of election calls is only a potential solution to fraudulent claims. Other more elaborate blockchain solutions in the works claim to solve problems of proving one’s identity remotely and providing proof that one’s vote was accurately counted.

As it currently stands, both blockchains note that the Associated Press has called 44 out of 52 states, 23 for Donald Trump and 21 for Joe Biden. However, it must be highlighted that each state has different numbers of electoral votes. Therefore, Biden has currently secured 238 votes while Trump has only secured 213, out of the required 270.

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Tags: 2020cryptocryptocurrenciesElectioneosethereumpresidentunited statesvoting

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All content rights reserved. When copying or republishing the materials presented here, a link to blog.legacyfx.com or attribution in the format of "Provided by LegacyFX Blog" is required. Failure to comply with this rule may result in legal action. For general questions, please contact us via the form on the "Contact Us" page.