Buenos Aires to Run Ethereum Validator Nodes in 2023

Buenos Aires to Run Ethereum Validator Nodes in 2023

The city of Buenos Aires will deploy Ethereum validator nodes in 2023. The statement was made by Diego Fernandez, Secretary of Innovation and Digital Transformation. He clarified that the deployment will pursue exploratory and regulatory purposes to help the city develop regulations for cryptocurrencies.

Ethereum Validator Nodes Will Be Deployed in Buenos Aires

More and more cities are including cryptocurrency and blockchain projects as part of their development and growth plans. Buenos Aires will reportedly deploy validator nodes for the Ethereum chain in 2023. Diego Fernandez, Secretary of Innovation and Digital Transformation revealed this at ETH Latam, an Ethereum-Centric Convention that is taking place in the city.

Fernandez said the interest of the city in running these nodes had an exploratory purpose and that they expected that running these nodes would allow them to have a deeper understanding of the Ethereum chain to regulate crypto assets in a better way.

The nodes will be deployed in partnership with private companies. The secretary did not give more information about how many nodes would be deployed or the specific date of the deployment program. However, with this move, Buenos Aires would be one of the pioneer cities in Latin America to host its cryptocurrency nodes.

Crypto Taxes and ID

The interest in cryptocurrency and blockchain technology is not new. Buenos Aires has been inclined in proposing cryptocurrency-centric solutions this year. The city announced it would allow citizens to pay taxes with cryptocurrency last April. The initiative was reported to be part of a program to automatize and digitize some of the functions of the city.

The government is also working on a platform to bring the identity of citizens to a blockchain-based system. Tango ID, the platform, has been in development since March 2021. The Buenos Aires government expects this system to be operational in January 2023.

Regarding the development and its objectives, Fernandez stated:

“The objective of the project is to build, in consensus with the community, a system of digital interactions that begins with the exchange of documents and personal credentials.”

The project, which already has a whitepaper available for the community, promotes the concept of self-sovereign identity and will run on top of Starkware, a layer 2 Ethereum protocol.