NetMind Power Update 1 - 2024.02.23
As we continue to evolve and grow, our commitment to keeping you informed remains steadfast. Today, we are pleased to provide detailed updates on the advancements in NetMind Chain, as well as the latest developments in ETH and payment systems.
- When we launched NetMind Power in April 2023 ( PR Newswire Article ), the NetMind Chain was also started but without cross-chain features. Early GPU contributors and investors were already active, and we're grateful for their ongoing support.
- As our network experiences rapid expansion, driven by a remarkable surge in GPU contributors, we find it necessary to implement a queuing system to effectively manage this growth. This step is crucial for balancing the burgeoning supply with the steadily increasing demand, ensuring the safe and gradual growth of our platform. As we continue to scale and enhance our capabilities, our focus remains on delivering a seamless and robust experience for everyone involved in the NetMind Power ecosystem.
- Why BSC: Our initial launch on the Binance Smart Chain (BSC) was a calculated move. With its lower gas fees and efficiency, BSC offered an ideal environment for us to gradually increase traffic and optimize user experience, especially for our GPU users.
- Ethereum: We had already developed our cross-chain capability to Ethereum before going live on BSC and Pancakeswap. We are accelerating our integration to Ethereum. This move will unlock greater scalability, interoperability, and the robust features of Ethereum's ecosystem.
- Payment system: we are also finalizing our NMT-based payment system. This will allow GPU usage fees to be processed through NMT, and a portion of NMT used for GPU payments will start to be burned through the usage of computing power.
While we're working swiftly to roll out these features, our top priority remains the security and integrity of the platform, especially for cross-chain functionality and a secure and reliable payment system.
Stay tuned for more updates in the next few days. We appreciate your interest and look forward to sharing more news with you soon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMX Gains Momentum with 300% Volume Surge
EU tells Spain to raise defense spending to 3% as Trump pressures NATO
Share link:In this post: The European Union is pushing its members, including Spain, to increase defense spending. European defense commissioner Andrius Kubilius urges Spain to spend 3% of their GDP on defense. Trump wants NATO allies to step up and contribute as much as 5% of their GDP to defense expenditures.
Warren Buffett to step down as Berkshire Hathaway CEO by year’s end, leaving Greg Abel in charge
Share link:In this post: Warren Buffett will step down as Berkshire Hathaway CEO by the end of 2025 and Greg Abel will take over. He said he will keep all his shares and stay involved, but Abel will make the final decisions. Warren also criticized President Trump’s trade policies, calling tariffs a global risk.
Berkshire shareholders reject all DEI and AI oversight proposals
Share link:In this post: Berkshire Hathaway’s shareholders recently turned down seven DEI and AI-related proposals. They claimed the proposals violated “the firm’s decentralized culture and were superfluous.” Corporate America’s shift from DEI initiatives accelerated during Trump’s second term in office.
Trending news
MoreCrypto prices
More
