The concept of “proof of work”, or proof of work, is at the heart of the blockchain on which the entire cryptocurrency and NFT industry is based. The mechanism also requires a lot of energy and quickly degrades computer equipment.
Blockchains are the keystone of the decentralized infrastructures that make cryptocurrencies successful. They use the proof-of-work validation method, “ proof of work which consists of solving a complex mathematical problem in order to validate a transaction. Every job worth paying, every problem solved comes with a crypto reward for the miner.
Energy saving and material durability
But now, this method consumes a lot of energy, with a calculation time that increases exponentially, which quickly degrades the computer equipment, not to mention the impact on the environment. Technical solutions are emerging to reduce the energy pressure and to improve the durability of the material.
Intel has unveiled a new application-specific integrated circuit (ASIC), the Blockscale, which will provide customers with power-efficient hashing for “ proof of work “. The founder has made use of ” decades of research and development in cryptography, hashing techniques, and ultra-low-voltage circuitry to enable blockchain applications to improve their computing power by mitigating long-term e-waste issues.
This new Blockscale ASIC offering from Intel promises power efficiency and computing power needed for scalability and durability. The group’s strike force is such that it will be able to supply its technology in volume, without compromising the supply of new CPUs and GPUs, which may have been the problem of competitors who have also entered the sector. cryptos.
The first deliveries will begin in the third quarter of this year. Several customers have already signed up to integrate Blockscale into their infrastructures, such as Hive Blockchain, GRIID, Argo Blockchain or Block. Intel says that starting next year, its technology will expand to other companies that share the same sustainability goals.