Intel launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block Inc to highlight its growing focus on the blockchain.

The chip will ship later this year and the first customers include Block Inc to highlight its growing focus on the blockchain.

reuters

Blockchains, which are distributed ledgers that keep track of transactions on a network of computers, have gained popularity in recent years. Their development has also sparked interest in terms like “Web.3” and “NFTs,” which promote technology decentralization.

Source: reuters