Intel Launches Blockchain Chip to Tap Crypto Boom
Industry News
Bitcoin mining and NFT minting have become increasingly popular in recent years, and Intel has taken advantage of this trend by releasing a new chip for blockchain applications on February 11.
Early adopters of the chip include Block Inc (SQ.N), a company led by Jack Dorsey that recently changed its name from Square Inc to better reflect its increasing interest in the blockchain technology.
Intel’s chip is an energy-efficient “accelerator” meant to speed up blockchain processes that require a lot of computer power and so waste a lot of energy, according to the company.
Nvidia Corp (NVDA.O), a chip creator whose graphics cards are extensively used for mining, also offers an Ethereum mining chip.
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