blog.bitmain.com

Cryptocurrency, Bitcoin, Bitmain and more...

Tag: bitmain news (page 1 of 4)

Bitmain Announces Specs and Release Times for its Latest 7nm Antminer 17 Series Miners

Bitmain has announced specifications and selling times of the 7nm Antminer 17 series ahead of the upcoming release date.

HONG KONG,  08 April 2019 – Bitmain, the world’s top 10 and China’s second largest fabless chipmaker, is announcing specifications for the new Antminer 17 series, as well as the regional selling times for the launch date on 9 April 2019.

Photo: Antminer S17 Pro

The new miners in the 17 series include: Antminer S17 Pro, Antminer S17, and Antminer T17. All three miners come equipped with the new 2nd generation 7nm BM1397 mining chips, which come with improvements to power efficiency and hashrate.

The Antminer S17 Pro comes in two variants, a 53 TH/s and a 50 TH/s model, and features three mining modes, which allows for greater customization as customers can switch between different settings to accommodate various mining requirements. When on turbo mode, the S17 Pro has a power efficiency of 45 J/TH. The normal mode operates at 39.5 J/TH, while the low-power operates at 36 J/TH.

The Antminer S17 also comes in two variants, a 56 TH/s and a 53 TH/s model, with two mining modes. When on normal mode, both models have a power efficiency of 45 J/TH, while the low-power mode operates at 42 J/TH. The Antminer T17 is set for a later selling date.

The next-generation Antminer 17 series will be released in two batches and will be available for sale on Bitmain’s official website according to the following timings by region:

North, Central, South America:

1st Batch: 08 April 2019, 23:00 PDT

2nd Batch: 09 April 2019, 09:00 PDT

Contact: sales.ncsa@bitmain.com

Europe, the Middle East, and Africa & The Commonwealth of Independent States:

1st Batch: 09 April 2019, 09:00 MSK

2nd Batch: 09 April 2019, 19:00 MSK

Contact: sales.emeacis@bitmain.com

Asia Pacific:

1st Batch: 09 April 2019, 14:00 CST

2nd Batch: 10 April 2019, 00:00 CST 

Contact: sales.apac@bitmain.com

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Bitmain develops next gen Antminer-Less: GPU hardware for miners looking to mine…less

Hong Kong, 1 April 2019 – Bitmain Technologies Ltd, one of the world’s largest crypto-mining hardware producers, has developed the Antminer-Less – a middle-of-the-line miner that represents the first GPU launched by Bitmain. It has been designed by Bitmain to eradicate the power-saving and performance benefits of ASIC miners.

The Antminer-Less packs a third of the electricity efficiency of its predecessor, and delivers a 100 per cent reduction in hashing power.

Powered by the GPU-0 chip, which combines established chip design methodology with classic manufacturing processes, the Antminer-Less really shows that bigger is better, and will take pride of place in a miner’s rig – as it cannot be easily transported. When it comes to GPUs, bigger is always better.   

Bitmain has decided to wind down the research, development and innovation efforts on ASICs and instead focus on keeping power where it currently resides: in the hands of GPU makers.

This new GPU hardware is by far the leading model by performance to mine cryptocurrencies in a slow and steady pace – freeing up time for miners to engage in arguments with strangers on the internet..

Bitmain understands the value of these anonymous discussions because the decision to shift gears and focus on GPU mining was made under the guidance of strongly-worded comments by unknown advisors online. The arguments that were made were incredibly compelling, erudite and well-articulated, convincing us to totally change our business plan.

Building better hardware to mine efficiently and profitably is a misuse of company time and investment, when existing technology does the trick. CPUs are still so significant in the world of mining, after all, not to mention that GPUs, can also be used for many other things: a compelling reason to buy one to mine with.

The logic of this reasoning can be seen with the timelessness of inventions like the Teasmade: a kettle and alarm clock in one device. It is for that reason, too, that clothes are frequently washed in dishwashers, and books are stored in freezers. A device is useless if it fulfils only one function.

It is widely-known that progress comes from keeping things as they are, and we do not want to change or revolutionise anything. Today’s announcement follows Bitmain’s ongoing commitment to maintaining the status quo, and is part of its aim to help keep the tech ecosystem just the way it is.

Maintaining the limited availability and accessibility of GPUs, the Antminer-Less will be released in limited quantities and sold at price-per-terahash that is comparable to that of GPUs. Coming soon to a brick-and-mortar store near you!

 

Disclaimer for the faint-humored readers: We made this post in the spirit of April Fools’ Day. Please never doubt our commitment to challenging the status quo of non-crypto corporations.

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

2019’s Focus is on Customers

We are proud of how fast our business has grown since we were first founded in 2013. According to Frost & Sullivan, Bitmain is the second largest fabless chip design company in China and ranked among the world’s top ten in terms of revenue in 2017.

2018 saw significant change and growth for the business. This change and the pursuit of growth has been an important part of our journey. It has enabled us to innovate faster, optimize and streamline our business to rally behind our vision – contributing and enabling the Internet of Money. With these operational changes now in place, the priority for this year is to double-down on innovating for and serving our customers.

Bitmain’s listing application to HKex in September 2018 has reached its 6-month expiration date. We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future.

In the meantime, the listing process has made the company more transparent and standardized. The process of rationalization and optimization has made our business more focused on the things that are core to our mission.

As part of this, at the end of 2018 we adjusted our personnel, as we aligned our focus on cryptocurrency and artificial intelligence (AI) chips, as well as products and services based on such chips. It was a difficult but necessary decision as we continue to build a long-term, sustainable and scalable business. We did our best to compensate our employees above the legal requirement.

Since then, we have established clear business divisions for mining hardware, AI, mining farms and mining pools. At the same time, we have integrated the resource lines for chip design, hardware and software to provide more effective support for our key business lines and to allocate premium resources to our major and key projects. These all help to ensure the success of our core business and commitment with our customers through a more robust lifeline and competitiveness.

Aligned to this new operational model, we have also made changes to our leadership. Mr. Haichao Wang has been appointed as CEO of the company. Haichao not only has extensive experience in the chip industry but also succesfully headed-up multiple departments at Bitmain. We are confident that through his experience and passion, he will drive better products and services for our customers. Mr. Micree Zhan and Mr. Jihan Wu, the co-founders of Bitmain, will continue to be our directors to guide the company’s strategic development.

The bear market at the end of 2018 brought both challenges and opportunities that Bitmain will work hard at addressing in 2019. In fact, we have already started with competitive products that meet the needs of our customers.

We recently released the Antminer Z11, based on our 12nm ASIC design, followed by announcement of the Antminer S17 and T17, based on our second generation 7nm chip BM1397. A single BM1397 chip integrates more than 1 billion transistors and features continuous optimization in the circuit structure and low power consumption technology. The energy efficiency ratio of the new chip is as low as 30J/TH, saving energy by 28.6% compared with the previous generation, and its overall performance is more stable.

On the AI side of our business, we have signed cooperation agreements with the Fuzhou Municipal Government of Fujian Province, China Mobile Hangzhou Research and Development Center, and China Unicom Network Technology Research Institute, while rolling out different generations of neural processors, which are fast finding wide acceptance among established tech companies, such as cloud gaming provider Ubitus.

We continue to fund open-source developers, projects and organizations. For those that we see potential and share our vision, we fund them, often with no strings attached. It means a lot to both our community and ourselves, to be able to fund exciting projects, as it gives us the opportunity to bring to life truly transformational technologies. Whilst it is our policy not to disclose our investments in the interests of privacy to those that we fund, it is safe to say we have already funded a great deal and will continue to do so in 2019.

All these contribute towards our mission to produce great hardware and software, as part of our commitment towards the security and stability of a multitude of cryptocurrencies.

We look forward to continuing these efforts for customers this year, and contributing to a distributed, decentralized world that empowers everyone. We hope you continue to have confidence in our future as we embark on this new journey with you!

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Antminer Firmware Update – February 2019

At Bitmain, security of end users is our top priority and we are committed to ensuring this as new risks emerge. Our team closely monitors the technology ecosystem to identify new and evolving threats. As part of that vigilance, we have recently been made aware by the open source community of a potential vulnerability relating to our firmware. In response, and as a matter of priority, our team has released new firmware updates for the Antminer S15 and Antminer T15 to fix this vulnerability.

Despite our continuous efforts, absolute protection from all possible attacks remains an elusive goal, and therefore, a collaborative effort of the global community is imperative for the strongest defence. We are most grateful to the open source community for continuing to identify and responsibly report new vulnerabilities.

As contributors and users of open-source code, we recognise and respect its ethos. To ensure continued compliance with the requirements of open-source code, we have formed a special team and created new internal procedures.

Installation guides and new firmware releases can be downloaded from https://service.bitmain.com/support/download---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Bitmain announces next generation 7nm ASIC chip for SHA256 mining, delivering breakthrough energy efficiency

  • BM1397 chip combines new chip design methodology and world-leading 7nm semiconductor manufacturing process
  • Enables faster and cheaper mining for cryptocurrencies that use the SHA256 algorithm for their Proof of Work (PoW)

HONG KONG, 18th February 2019 – Bitmain Technologies Limited, today announced its next generation 7nm ASIC chip, BM1397, which achieves new feats in performance, chip area and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH), that use the SHA256 algorithm for their Proof of Work (PoW).

The new BM1397 chip requires lower power and can offer an energy consumption to computing ratio as low as 30J/TH. This is a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391.  To achieve this, Bitmain’s engineering team has thoroughly customised the chip design to optimise its architecture, circuit and economics. The chip is made using TSMC’s 7nm FinFET process.

The BM1397 is a testament to Bitmain’s improvements in chip design methodology and deep understanding of the most advanced semiconductor fabrication technologies.

Today’s announcement follows Bitmain’s on-going commitment to the development of high-performance computing chips and is a part of its aim to help advance the cryptocurrency ecosystem. Bitmain’s innovations enable anyone, anywhere to mine and benefit from cryptocurrencies. The BM1397, part of Bitmain’s growing chip portfolio, is designed to bring a better mining experience and aims to set a new benchmark in ASIC chip technology.

The BM1397 chip will feature in new Antminer models the S17 and T17 that will be announced by Bitmain at a later date.

Founded in 2013, Bitmain transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide—Antpool.com and BTC.com. Bitmain technology supports a wide range of blockchain platforms and start-ups.

 

Media Contact

International PR & Communications Department at Bitmain

Email: internationalcomms@bitmain.com---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Firmware to Activate “Overt AsicBoost” in BM1387-based Antminer Models

We’re very pleased to share that last night our developers released the firmware for the Antminer S9 to enable what is popularly called the “overt AsicBoost” functionality. We will also release in one week the firmware to activate this functionality in other BM1387-based models namely the Antminer R4, S9i, S9j, T9 and T9+. This step will increase future effectiveness of several Antminer models and provides the framework for a strong long-term network.

 Initially, we decided against activating this mathematical function in mining hardware produced by us, largely because of the legal uncertainty surrounding the use of AsicBoost. As an organization, we didn’t want to violate patent laws or act in any way that was untoward. Instead, we continued to focus our efforts on R&D and building the industry’s most efficient mining chips. It’s worth noting, as outlined in a April 2017 blog post, our ASIC chip BM1387 has the capability built into the chip technology.  

In March 2018, we noticed new manufacturers of hardware advertising the use of “AsicBoost” and soon after that we noticed blocks being mined on the blockchain using AsicBoost. To give users of our mining pools the option to mine using AsicBoost we added support for it on both BTC.COM and Antpool. 

 Now we are pleased to give Antminer users whose miners have the capability to support this function a choice to avail this advantage without any negative impact on the Bitcoin protocol. This variant of the “overt AsicBoost” simply uses version bits different from those that other manufacturers have been using. It is equally transparent because it can be seen in the blockheader of boosted blocks.

With regard to patent rights, we continue to respect third parties’ IP right and take actions accordingly. Based on legal opinions from various jurisdictions, we believe that there isn’t and may never be a patent right over AsicBoost. Thus, all miners should be entitled to make their own choice on whether to use AsicBoost technology without anybody having an exclusive right over it.  

Bitmain is committed to creating the industry standard for the most efficient and effective miners on the market. After testing AsicBoost on the Bitmain testnet, we found that the functionality does improve mining efficiency. 

One of Bitmain’s top priorities and guiding principles is to provide our customers with the best mining technology in the industry and after extensive internal conversations, we have decided to activate this functionality to achieve two main objectives

  1. Future Effectiveness: We recognize that cryptocurrency mining technology is rapidly evolving, innovating, and improving, and hardware depreciates rapidly. By activating AsicBoost, our customers’ hardware will increase in effectiveness while the future hardware we make continues to be the industry gold standard. 
  2. Stronger Network: We have been very transparent that we have activated AsicBoost in the miners on our testnet and have found that it improves efficiency in mining operations. Utilizing this technology will be very beneficial for the mining. AsicBoost has the potential to reduce the J/TH cost and increase the total hashrate of the network. By activating this upgrade widely, we are making the Bitcoin network stronger than ever before. 

 The new firmware can be downloaded at https://service.bitmain.com/support/download---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Our Transparency Policy for Shipping and Mining Practices

As many of you have no doubt noticed, Bitmain has started to explore policies and behaviors that aim to increase transparency and foster greater dialogue between us and the cryptocurrency communities at large.

To put it plainly, we believe that communities served by Bitmain and its products should be supported and served as transparently as possible. Recent measures have included restricting order quantities, ensuring a first-paid-first-ship order of fulfillment, blocking IPs that we suspect to be hoarding, and publishing detailed shipping updates openly.

Based on the encouraging results from these early efforts, as well as our continued dialogue with the broader cryptocurrency community, Bitmain is redoubling its commitment to business transparency. Here’s how you can expect this effort to continue:

 

  1. Disclosure policy on self-mining

Every 30 days we will publish data to advise community members which algorithms Bitmain is currently mining for itself and the total hashrate of Bitmain-owned hardware on each of these algorithms. The report will be available by this link: https://blog.bitmain.com/en/hashrate-disclosure/

  1. Zero tolerance policy against ‘secret mining’

Secret mining’ is a practice whereby an ASIC manufacturer may mine with newly developed equipment prior to selling or distributing such equipment to customers. This has been criticized as conferring an unfair market advantage to ASIC manufacturers over individual community member miners.  Bitmain itself has been unfairly accused of this practice. In the end, Bitmain values transparency and fair competition.  We therefore remain opposed to this practice and maintain our long-held zero-tolerance policy regarding same.

  1. We will never seek to mine ‘empty blocks’

While often described as the result of sinister intent, empty blocks often occur because of issues in block propagation at the protocol level rather than active decision-making by mining pool operators.  We are actively working towards mitigating these issues.  However, should there occur any unusual or excessive rate of empty block mining by a mining pool owned by Bitmain, we will seek out the cause and disclose the reasons why.

  1. We will provide shipping and volume information of new miners to the public

We will publish the shipping and volume information for the first model of all new miners, tweeting the quantity and payment timestamps via the official Antminer Twitter account. We will do this for all rounds of shipments within the first batches of those models, because 1) these have the maximum impact on the network difficulty of a blockchain, and 2) these are the first miners that use our latest ASIC designs.

We present these efforts as our contribution to assuring both new and veteran participants of our commitment to a fair and transparent cryptocurrency ecosystem. Our intent is to both reflect and reinforce the philosophies that brought all of us here in the first place. We look forward to continuing the dialogue.

——————————-

The above in Chinese:

 

我司关于货运和挖矿相关业务政策的透明性声明

 

众所周知,比特大陆已经开始摸索旨在增强与加密货币社区间对话以及透明度的业务政策和行为准则的制定。

简单来说,我们坚信比特大陆及其产品所服务的加密货币社区应尽可能公开透明地得到帮助和支持。 我们近期所做的努力包括限制订单数量,按先到先得的规则确保发货,屏蔽恶意囤货IP, 以及公开地发布细节性货运信息。

以上这些初步的努力已经取得显著成效,再加上我们与加密货币社区日益密切的对话,比特大陆决定将加倍致力于业务透明度的提高。以下是此项努力的预期发展目标:

 

  1. 自挖矿算法全公开政策

每隔三十天我们都会向社区公开比特大陆当前的自挖矿算法,并公开发布比特大陆在每个区块链上拥有的总哈希值。该数据将通过以下链接提供: https://blog.bitmain.com/en/hashrate-disclosure/

  1. “秘密挖矿”零容忍政策

“秘密挖矿”是指ASIC制造商在向客户销售或发售此类设备之前秘密使用其新开发的设备进行挖矿的做法。 这被谴责为是ASIC矿机制造商强加给社区矿工的不公平市场竞争。比特大陆重视透明度和公平性,即便曾被有失公正地指责在进行秘密挖矿,我们也会无论如何对此类行为持反对意见并将长期坚持零容忍政策。

  1. 我们永远不会试图挖“空块”。

挖空块常常被恶意宣传,然而它的出现取决于区块的广播和接收而非矿池操作人员的操纵。我们正在通过积极努力来减少这类问题。因此,如果比特大陆所拥有的矿池出现任何异常或过高的空矿开采率,我们将排查原因并公开披露。

  1. 新型矿机货运和数量信息公开

通过蚂蚁矿机官方推特,我们将公开所有新型矿机中第一批矿机的货运和数量信息,以及支付时间戳。 我们将对新型号第一批中的每一个矿机进行此操作,因为1)它们对区块链网络难度的影响最大,并且2)它们是使用我们最新ASIC设计的第一批矿机。

 

我们愿为加密货币社区的发展贡献一己之力,努力为新老社区成员提供一个公平而透明的加密货币生态系统。我们的愿景是反思并强化那些带领我们大家走在一起的初衷。我们也对将来与加密货币社区的交流充满了期待.---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Antminer Has a New Twitter Account

We will now be Tweeting all news and announcements relating to the Antminers or other products sold on shop.bitmain.com from Antminer’s Twitter account.

As we continue to expand our operations, it will be useful for everyone to have a Twitter account dedicated to Antminer-related news or announcements.

URL for the new Twitter account is: twitter.com/Antminer_main

For buyers of the first batch of the Antminer Z9 mini, we will continue to post Z9 mini’s shipping updates from the new Antminer account.

For all corporate communications from Bitmain, please continue to follow our original Twitter account twitter.com/BITMAINtech (which is temporarily suspended because of confusion over Bitmain’s age) and our blog.

As always, please leave us a message here to contact Bitmain for anything.---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Antminer Z9 Mini Shipments: An Experiment in Radical Transparency

With multiple thriving cryptocurrencies supported by diverse development roadmaps within each, Bitmain strongly believes that the permissionless internet of money promises a more secure future. Zcash is one such cryptocurrency that we hope to see thrive and help deliver on this promise.

Bitmain supports those members of the Zcash community who believe that security, reliability, and accessibility are among the highest-order values in a cryptocurrency network. We also believe that dedicated, ASIC-based mining systems reinforce these values. This is especially evident given recent news about the potential security dangers when crypto networks are not secured by large amounts of dedicated and dependable mining power.

Given that, we want to make sure we do our best to allow Zcash community members to predict and plan for when increased hash rate comes online.

We have therefore decided to carry out the shipments and QA of all Antminer Z9 Mini units in the most transparent fashion possible. To this end, we will tweet real-time updates from our QA teams and shipping warehouse via our official account (on 19th June, all Tweets, including these Z9 mini updates, relating to Antminer series and all other products sold on shop.bitmain.com moved to twitter.com/Antminer_main), using the hashtag #Z9QA. As has always been our policy, all orders will be shipped on a first-paid-first-shipped basis. We will also share the time of payments (though not the identity or location of the buyer) for the orders that are about to be shipped.

This is something we have never done before but we continue to experiment with the best ways to work and communicate with the communities in which we operate.---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Circle Announces USD Coin, Bitmain Partnership, and New Strategic Financing

(This is a post on Circle’s blog to announce Bitmain’s partnership with Circle)

Today we announced the pending availability of tokenized US dollar coins supported by developments in the CENTRE open source framework and by a new partnership with Bitmain, which is also leading a $110M Series E equity investment in Circle.

USD Coin and CENTRE

The invention of cryptographic assets and blockchain-based computing have ushered in the next major era of the open internet. But a price-stable medium of exchange and store of value is missing, and badly needed in order for global financial interoperability to function reliably and consistently. Transacting in currencies which fluctuate with extreme volatility creates complexity and fragile settlement contracts, especially when compared to transacting in “tokenized fiat money” or fiat-pegged crypto assets.

A price-stable currency, such as a token pegged to the US dollar, is critical for enabling mainstream adoption of blockchain technology for payments as well as for supporting maturation in financial contracts built on smart contract platforms, such as tokenized securities, loans, and property. There are several interesting approaches to solving this need, spanning algorithmic reimaginations of money supply to crypto-backed tokens to fiat asset-backed tokens.

Circle USDC (USD Coin) is a solution that enables customers to purchase and use USDC fiat tokens for payments and trading in the crypto ecosystem. USDC provides a full reserve US dollar-backed stablecoin, and is based on the open source fiat stablecoin framework developed and governed by CENTRE, which will provide independent oversight of Circle’s offering.

Existing fiat-backed approaches have lacked financial and operational transparency, have operated in unregulated jurisdictions with unknown banking and audit partners, and have been built as closed-loop ecosystems and closed proprietary technologies.

Circle USDC addresses these problems by providing detailed financial and operational transparency, operating within the regulated framework of US money transmission laws, and reinforced by established banking partners and auditors. It is built on an open source framework with an open membership scheme that eligible Financial Institutions (FI) can participate in (CENTRE). USDC will be ERC-20 tokens minted, issued, and redeemed based on network rules defined by CENTRE.

Circle will only be the first issuing member of the CENTRE network, and further tokenized fiat stablecoins may be issued by other audited, licensed, participating network members. More about CENTRE is available here: https://centre.io

Further information on Circle’s forthcoming USDC offering is available as an FAQ here: https://circle.com/en/usdc-faq

Strategic Financing and Bitmain Partnership

Bitmain is becoming a key supporter of CENTRE and USDC, and in conjunction with this new partnership, Bitmain is leading a $110M strategic investment in Circle. Also participating in this financing round are existing investors IDG Capital, Breyer Capital, General Catalyst, Accel, Digital Currency Group, and Pantera, along with new investors Blockchain Capital and Tusk Ventures.

Bitmain is one of the most important and forward-thinking companies in crypto, and has become a critical infrastructure provider for the entire crypto economy. Bitmain Co-founder and CEO Jihan Wu is well known for espousing a vision similar to ours regarding the creation and adoption of a new global economy powered by cryptographic assets, distributed contracts, and open source blockchain technology. We are excited to be working directly with Bitmain on realizing our shared vision.

Bitmain will also join CENTRE’s efforts to introduce multiple fiat-backed stablecoins and provide financial interoperability around the world. This partnership will help drive global interoperability that benefits consumers, business ventures, institutions, and marketplaces everywhere. Specifically, Bitmain will help CENTRE introduce multiple fiat stablecoins in a variety of geo-currency zones.

These strategic partners believe in Circle’s goal of creating an open, global model for finance for consumers and businesses everywhere. We’re humbled and excited to work with them.

Next

Circle has grown to encompass multiple products: Circle Invest, Circle Trade, Circle Pay, and Poloniex. The refreshed look of our website circle.com, which is now updated and newly released, reflects this breadth. The pending introduction of USDC and other future stablecoins will impact and improve all of these products.

We wholeheartedly believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet. We see the future of the global economy as open, shared, inclusive, distributed, and powerful — not only for a few chosen gatekeepers, but for all who will connect.

The development of USDC, the evolution of CENTRE, and this new strategic financing further grow our strength as we push toward our lofty goals. Yet in many ways, despite Circle celebrating a fifth anniversary this fall, we feel we are still just getting started. We’re thrilled for what’s to come.

Sean and Jeremy, Circle Cofounders

(The above is Circle’s blog post to announce the partnership with Bitmain)---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

« Older posts

© 2019 blog.bitmain.com

Theme by Anders NorenUp ↑