Crypto Market

ComputeCoin introduces testnet with high crypto miners after securing $2M funding » CryptoNinjas

Written by James Smith

ComputeCoin Community (CCN), a self-evolving laptop constructed to serve the metaverse with $2 million in funding, immediately introduced the launch of its testnet. With among the high crypto miners equivalent to Ethereum (ETH), Filecoin (FIL), and Swarm (BZZ) miners on board, CCN continues to ask and certified miners to use till October eleventh, 2021. ComputeCoin will distribute a restricted variety of Metaverse Mining Passes (NFT) to high-quality candidates.

Metaverse purposes’ computational calls for shall be on an unprecedented scale, outpacing even the capability of legacy tech giants and main blockchains. Not like different layer-1 blockchain tasks, ComputeCoin primarily focuses on enabling metaverse purposes by integrating and dynamically configuring decentralized clouds equivalent to Filecoin, DFINITY, and knowledge facilities to empower immersive experiences for end-users (e.g., VR/AR gaming).

“ComputeCoin is the primary undertaking to particularly tackle the computational challenges going through metaverse purposes. We envision a platform that may present wealthy, low-cost, instantaneous, and trustable computing energy to metaverse builders and customers. For the previous two years, we’ve got been working laborious to put the groundwork for ComputeCoin. We’re thrilled to lastly invite miners to affix our testnet when it launches.”
– Mourad Mazouni, CEO of ComputeCoin


Originated in 2018 as a analysis undertaking at a serious college, the ComputeCoin undertaking now has the backing of main students and researchers, like Dr. Steve Liu, an IEEE Fellow, and Fellow on the Canadian Academy of Engineering; and Dr. Michael Saunders, a fellow of the Royal Society of New Zealand. ComputeCoin additionally boasts a number of different IEEE Fellows and professors in its knowledgeable workforce.

Already with a few proprietary US patents in its possession, ComputeCoin’s patented consensus algorithm, Proof of Honesty (PoH), makes their self-governing ecosystem doable by permitting customers to authenticate the outcomes of outsourced computing duties. One other patent, Distributed Computing Utilizing Blockchain Applied sciences, supplies a basic structure for decentralized clouds.

miners can submit an application to take part in section 1 of the testnet; in later levels of the testnet, miners will bid on certificates in an public sale.

Source link

About the author

James Smith

Leave a Comment