Sourced through Scoop.it from: twitter.com
Popular petitions are an integral, but impractical, part of Brazil’s already complex electoral system, which has been blamed for plunging the country into a political crisis. Such petitions in their current form present an intractable logistical problem: How to collect and verify signatures from 145 million voters across a landmass larger than the mainland United States?
Brazilian legislators now are turning to ethereum to solve that issue in one of the first uses of a cryptocurrency by a political system. The project is spearheaded by an unlikely pair: Ricardo Fernandes Paixão, a soft-spoken legislative adviser at the Brazilian congress and a university lecturer, and Everton Fraga, a nose-ring sporting designer and programmer with the Ethereum Foundation. Both were in Cancún last fall, attending the annual conference for programmers interested in the ethereum world, DevCon.
The altcoin market has grown significantly throughout 2017. With more than $333 billion in market capitalization for all cryptocurrencies & ICO’s (Excluding Bitcoin) as of December…