AP News is publishing the results of US presidential election on blockchain
- The results are being published on Ethereum and EOS blockchains.
- The agency is using Everipedia's OraQle software to immutably record the results to the blockchain.
- Bitcoin's price is still stable during the election hours.
The Associated Press news agency initiates to publish the US presidential election results on the Ethereum and EOS blockchains. The developer webpage explains how its AP Elections API can be accessed.
The agency is using Everipedia’s OraQle software to record the results to the blockchain that ensures data immutability.
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The AP has also mentioned the Ethereum Public Key which allows readers to follow the upcoming results. Additionally, a more accessible version of the state-by-state results is available on the agency’s EOS account.
The effect of the US presidential election on the crypto market
Crypto enthusiasts and professionals are eagerly waiting for the final result of the election worrying about its effect on the market. Although some traders and investors predicted that the market would see huge volatility during the election hours, Bitcoin‘s price still looks stable and trading at $14,012.44 at the time of writing.
Interestingly, the 2016 election also could not affect the crypto market during the election hours. Back in 2016, the market saw Bitcoin’s price surges from $600 to $700 a few weeks before the election. However, the volatility started after the election result was revealed.
If Bitcoin keeps acting the same as it did in 2016, the crypto enthusiasts should hold their breath until the result publishes to get the answer of the big question of the volatility.