Buenos Aires To Deploy Ethereum Validator Nodes In 2023

Buenos Aires plans to roll out Ethereum validator nodes in 2023, Diego FERNÁNDEZ, the city's secretary for innovation and digital transformation, said Thursday at the ETHLatam conference. The effort has both research and regulatory goals and will help the city of 3 mln people develop adaptive regulation for cryptocurrency, Fernández said.

Buenos Aires will be one of the first cities in the world where the government will deploy Ethereum nodes or a computer running Ethereum client software. Fernández added that the deployment of nodes will take place within a regulatory sandbox approved by the Buenos Aires legislature in 2021. Through the sandbox, the government of Buenos Aires will encourage private parties to contribute to the deployment of nodes.

He did not specify how many nodes the city would install, but said they would be hosted in "world-class" data centers owned by the government of Buenos Aires. This is not Buenos Aires' first foray into cryptocurrencies. In March, Fernández revealed that the city had begun work on a blockchain-based digital identity platform, TangoID, with the goal of giving city residents control over their personal data. He added that the platform will be operational in January 2023.

Image: Puentes Abroad