© Reuters
Investing.com – It recently became known that French energy group Électricité de France (EDF (EPA:)) has been keenly interested in the cryptocurrency market for some time now.
In 2020, a subsidiary was specially created for this purpose under the name of Exaion. Due to the great skepticism of the population, the public energy supplier preferred not to go public with its foray into the world of blockchain.
In the meantime, however, the management has taken enough confidence that some of Exaion’s activities in the crypto sector have been made public. The subsidiary of Web 3 participates directly in several blockchains by exploiting more than 300 nodes.
Exaion’s commitment is the highest in . On the second largest blockchain by market capitalization, the company takes care of transaction validation with 150 nodes. It is also present on the , , and networks, where it operates 150 additional nodes.
Most of the nodes, however, are not operated by Exaion on its own behalf, but on behalf of customers looking for decentralized solutions for their data.
“Web3 is a system shift to a decentralized and open web, based on blockchain technologies and relying heavily on machine learning and artificial intelligence. In practice, it inspires trust because fundamental freedoms are built into the structure. Web3 supports multi-cloud and allows users to access thousands of data centers around the world and choose where their data will be stored. This decentralized Internet promotes the creation of a more equitable network, which does not depend only on the “giants of the Internet”.
Ethereum price technical benchmarks
Ethereum is currently losing, at one to one price of $1245, -4.03 percent, while the weekly loss stands at 8.79 percent.
The cryptocurrency hit its lowest level since September 21. Trading continues below the 61.8 percent Fibo retracement of $1320. In the event of a sustained decline below the $1222 floor, it will be difficult to avoid a test of the psychological mark of $1200. Below that, focus would shift to the 78.6% Fibo retracement of $1128.
Only if the bulls manage to reclaim the 61.8% Fibo retracement can a recovery rally towards the 50% Fibo retracement of $1455 occur.
By Marco Oehrl