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Biconomy is a digital assets exchange based in Canada that offers simple, secure, and reliable trading services globally. The exchange believes that blockchain technology will create the foundation of human trust and enhance transaction efficiency. Ultimately, the exchange believes that the emerging blockchain technology has the potential to transform our global economy.
Recently, Abhiruk Bhattacharyya, community manager at The Coin Republic, interviewed Dmitriy Sheludko, the Chief Executive Officer of Biconomy. The session covered a range of interesting topics like the reality behind crypto mining concerns, crypto regulations, DeFi and NFTs. Also, the CEO revealed the exchange’s upcoming innovative plans.
Are crypto mining concerns globally a real issue?
In the current scenario, several have shown concerns regarding the impacts on climate due to cryptocurrency mining. In the latest market crash, one of the main reasons concerns crypto mining impacts on our environment. However, Sheludko believes that such concerns have no authenticity. In the interview, Sheludko explained that:
“I personally don’t believe in this environmental story. Electricity is obtained from hydropower, nuclear power, and clean sources. Thermal energy, which is really harmful to the environment, is already very little since it is ineffective in comparison with other methods of obtaining electricity. Therefore, this occasion is very far-fetched.”
Moreover, Sheludko also explained that significant crypto mining firms are using renewable resources in the current scenario. Hence, if eco-friendly mining is a possible process and exists, such concerns have no value. Sheludko stated that:
“A large mining company can easily afford to purchase and maintain wind farms and be completely autonomous. If we talk about small miners, they use a small amount of electricity, like 10 households, for example. And electricity also comes mainly from hydro or nuclear power plants. And if the biggest players use sustainable methods, how can we talk about the environmental harm from mining?”
Biconomy will soon roll out a new platform
In the current scenario, the Biconomy team is working on introducing a more enhanced platform to its users. Observing the demand of users from Canada and the United States, the exchange will change the design and usability of its platform entirely. In the interview, Sheludko revealed that:
“We do what they are used to, and we know what is most convenient for them. This is important for any exchange – so that it is easy to use and its success depends on it. There is an update on the product side in the work, the Bikonomy Academy will be added with detailed training materials, instructions, and tutorials. We will roll out the new version of the site within a few months.”
Biconomy crypto assets exchange is giving its best efforts to make the innovative system more reliable. Moreover, the team behind the exchange is working on attracting more adoption of cryptocurrencies and the underlying technology. To achieve its goals, the exchange is also making several strategic partnerships for a better payments solution.
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