Startup Bloq introduced a project of the tokenized hash market

Blockchain startup Bloq introduced Titan's project to hashrate tokenization and create a mining computing market.

The presentation of the initiative was conducted by Bloq co-founder Matthew Rozhak during the World Digital Mining Summit in Frankfurt.

The project consists of three stages, the first of which is the Titan software package for mining management automation, released by the startup earlier. A loyalty program will be added to it, allowing users to earn points.

The second stage of the initiative will be the creation of a marketplace where industry participants will be able to trade the hashrate using smart contracts. According to the developers, this will make the mining industry more decentralized and transparent.

The third phase of the project will be the launch of the Titan protocol and network. Based on it, the hash market will be tokenized, which will finally turn the computing power for mining into a product.

Recall that earlier at the summit in Frankfurt, Bitmain introduced advanced miners of the 17th series – Antminer S17 + and Antminer T17 + with a hash rate of 73 TH / s and 64 TH / s, respectively.

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