Wednesday, November 14, 2018

Finance: Cryptocurrency Fund Focuses on Geothermal Research and Development

Interview with Jason “Bitbender” Brink, Project Director, Vulcano (bitcoinwarrior.net)

Vulcano is a Proof-of-Stake and Masternode-based cryptocurrency with a focus on geothermal research and development. Named after the Vulcano island in the Tyrrhenian Sea, a geothermally active area, Vulcano strives to use blockchain and distributed consensus to help contribute to raising funds for the advancement of earth-science based technologies such as geothermal power. With a heavy focus on community, Vulcano strives to become a strong community-based effort to advance scientific research.

Why did you decide to pivot the coin away from being “high-staking” into a focus on geothermal energy research?

Geothermal, on top of being a personal passion of mine, was chosen somewhat by the name of the project. What else can you do with something called “Vulcano”? It wasn’t even “volcano.” Given this, I knew I needed to find something that would work for the project, wasn’t already a red-ocean market in terms of crypto use cases and would enable us to stabilize the project and grow. Geothermal stood out early on because its an area of science that could use more help in terms of research, but has never been explored in terms of crypto projects. We could move into that area, apply our skills, and have a tangible positive impact on research. Just this week we funded our first project and will be announcing that to the community shortly.  Volcano Whitepaper.........