Bitfury’s Deep Ploughing on Blockchain Mining · Coinbasis Plan Launched

Australian Bitcoin mining hardware giant Bitfury is set to expand its industry into distributed storage.

FlashFX, AgriDigital and Othera will also jointly deploy the distributed storage ecological field, create the establishment and trading of distributed storage financial derivatives, and create super servers with the world’s top three server manufacturers.

With the massive growth of global data. Privacy security and access speed have become the most critical issues in data storage. Bitfury and his partners plan to develop a decentralized distributed storage, data sharding and data encryption platform without downtime. Through encryption and a series of decentralized applications, users are allowed to store data in a secure and decentralized manner, and users manage the data through private keys. It uses block transaction features such as transaction ledgers, public/private key encryption and cryptographic hash functions for security. Inaddition, it will be cheaper, faster and more secure than traditional cloud storage services.

At the same time, the cross-chain distributed storage protocol based on blockchain 3.0 technology takes distributed storage as a breakthrough point, greatly optimizes the existing blockchain technology, and derives a large number of new commercial applications. In its existing blockchain mining field, it is committed to interconnecting Defi and distributed storage technology to build a block chain financial service platform integrating mining, finance and circulation. Efforts should be made to build a network ecosystem based on block chain technology, user-led and decentralized, that is, Web3.0.

Web3.0 is a decentralized network. Unlike the Web2.0 era, information and data are all held by a central node. In the future, information will be released, kept, untraceable and never leaked by users themselves. Any behavior of users will not need any intermediary to help transmit.

Users interact with each other to meet their own needs, and use blockchain technology in the interaction to realize the creation, distribution and circulation of value. The whole process of user interaction and value circulation forms the Web3.0 ecosystem. Compared with the platform centralization feature of Web2.0, Web3.0 is committed to realizing a “decentralized” network ecology owned by users and jointly built by users.

Although the industrial system of Web 3.0 is still in the early stage of development. But at present, it has basically formed a complete system from the underlying technology to the commercial application.

Coinbase, a leading organization, investor and loyal supporter in the field of Web 3.0, has a relatively complete review of the ecological panorama of Web 3.0, and roughly divides Web 3.0 into four levels: protocol layer, infrastructure layer, use case layer and access layer.

It is reported that several industry giants and innovative have jointly planned to launch a new brand – Coinbasis, whileissuing native tokens, and provide liquidity mining, lowering the entry threshold of the mining industry.