Saturday, February 4, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower – Mining Bitcoin News

by Crypto News
October 23, 2021
in Bitcoin
0
Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower – Mining Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Mining Firm Titan Introduces Lumerin a Project Aiming to Commodify Bitcoin’s Hashpower

On October 21, the bitcoin mining pool operator Titan revealed a brand new decentralized hashpower routing protocol referred to as Lumerin. The open-source mission goals to commodify bitcoin’s hashpower “by sensible contracts, making hashpower tradable.”

Bloq’s Mining Arm Titan Proclaims the Lumerin Protocol

The bitcoin mining operation Titan, a subsidiary of the corporate Bloq Inc., has introduced its decentralized hashpower routing protocol, “Lumerin.” Titan says that bitcoin mining firms “are usually concentrated in areas that provide low-cost electrical energy, favorable regulation, and steady infrastructure” and it goals to unravel centralization through software program. The concept is to commodify bitcoin’s processing energy and safety by leveraging sensible contracts.

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

“The Lumerin Protocol will enable firms and people to purchase, promote, and ship hashpower, attaining decentralization by open market dynamics,” Titan’s announcement particulars. “Moreover, by making hashpower a transferrable digital commodity, the Lumerin Protocol will present a basis for hashpower financialization in addition to lending, custody, OTC, and buying and selling companies.”

Titan Is In search of Strategic Companions, Announcement Mentions ‘Different Proof-of-Work Hashpower Merchandise’

Titan was co-founded by the corporate’s CEO Ryan Condron, former Bitcoin core developer Jeff Garzik, and the founding associate of Tally Capital, Matthew Roszak. Condron says that Titan is a big improvement within the bitcoin mining house and it goals to associate with business leaders as properly.

“The brand new Lumerin model and clear answer set definitions will help us in offering modern advances that help the Bitcoin mining ecosystem. Titan is offering important improvement time and effort to the Lumerin open supply mission and is actively on the lookout for strategic companions to affix us in creating this know-how additional,” Condron remarked.

Whereas Titan’s different operations will retain the Titan model, the newly launched Lumerin open supply mission can have completely different software program options. The announcement particulars that the mission will set up a Lumerin Proxy Node, Lumerin Token, and Lumerin Pockets.

“On account of these adjustments, we will now transfer ahead with our imaginative and prescient to create a trustless peer-to-peer international market for bitcoin mining and different proof-of-work hashpower merchandise,” Condron mentioned in a press release. “This may enable anybody to harness the facility of crypto by bitcoin mining in a decentralized approach,” the Titan CEO added.

What do you consider Titan aiming to commodify bitcoin’s hashpower through sensible contracts? Tell us what you consider this topic within the feedback part beneath.

Tags on this story
Bitcoin mining, Bloq, BTC Mining, commodify bitcoin’s hashpower, Hashpower, Hashpower OTC, hashpower token, Jeff Garzik, Lumerin Proxy Node, Lumerin Token, Lumerin Wallet., Matthew Roszak, PoW, Proof of Work, Ryan Condron, Software, TITAN, Titan.io

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any harm or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.





Source link

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022
Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
best time to buy Ripple XRP – Price Prediction 2022

best time to buy Ripple XRP – Price Prediction 2022

February 4, 2023
Problemas na atualização do Ethereum?! 😱

Problemas na atualização do Ethereum?! 😱

February 4, 2023
Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023

Recent News

best time to buy Ripple XRP – Price Prediction 2022

best time to buy Ripple XRP – Price Prediction 2022

February 4, 2023
Problemas na atualização do Ethereum?! 😱

Problemas na atualização do Ethereum?! 😱

February 4, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News