The World is coming to Columbia Lake
Columbia Lake Technology Center is pleased to welcome Iris Energy to Canal Flats and to the province of British Columbia. A global company with a home base in Australia, Iris Energy has recently acquired PodTech, our data center fabrication and operation company. Globally, we are seeing an unprecedented demand for data center infrastructure, and with that an increased demand for sustainable energy sources.
Iris Energy brings together a team with deep industry expertise in construction, infrastructure, finance, technology and global energy markets. Their strength in renewable energy projects and commitment to sustainability aligns well with our local, provincial and federal commitments to clean energy. We look forward to the leadership they bring to this space. Check out Iris Energy on LinkedIn for more information.
Committed to community growth and development, the Iris Energy team has established a Community Grants program. The program will provide funding for local initiatives that aim to benefit the community over the long term.
Welcome Iris Energy!
To have a decentralized system is to eliminate the “middle-man,” meaning each individual or party must make their own independent actions.
If there is no centralized system, how is it legal?
Blockchain is a system that links computers in a peer-to-peer network to verify and record of all the transactions that take place on bitcoin or other cryptocurrencies.
Blockchain is the regulator. Blockchain is a system that links computers in a peer-to-peer network to verify and record of all the transactions that take place on bitcoin or other cryptocurrencies. This means that everyone can witness and have a record of each transaction the currency has made. This allows cryptocurrency to be free of duplication of transactions and counterfeit. With only a defined number of coins available, a track record of each in the system and public access to these records, verification is possible. However, the verification process does take time. It involves time-stamps and proof-of work. There are certain parameters that each transaction must fit into, and these are called the “block”. When these functional transactions align you get the blockchain.