Titan Launches the First P2P Hashpower Marketplace for Crypto Miners

Titan.io, Inc. ('Titan'), a cutting-edge blockchain software company based in Chicago, announced the launch of the Lumerin Protocol, the world's first P2P decentralized hashpower commodity marketplace, which enables a next-generation version for Bitcoin mining, today.

For a long time, crypto miners have continuously sought out creative ways to navigate the technical complexities of Bitcoin mining in order to increase their profitability and efficiency. Titan’s next-generation Lumerin peer-to-peer protocol is set to transform the transferability of hashpower and provide miners with a first-of-its-kind opportunity to sell, purchase, and deliver hashpower. The new P2P platform decentralizes the control of hashpower and enhances access, transparency and efficiency for everyone from individual miners to firms across the world.

The Lumerin Protocol promises to advance the crypto industry by making Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term hashpower a tradable, liquid financial commodity. With its global launch scheduled to take place in Q2 of 2022, Titan seeks to build on the vision for crypto and blockchain technology as a truly decentralized, peer-to-peer, currency.

Ryan Condron, the CEO and Co-Founder of Titan, said: "This technology seeks to combat the rising problem of hashpower centralization by offering miners the ability to buy, sell, access, distribute and manage hashpower from anywhere on the globe. The Lumerin Marketplace provides a foundation for the entire mining ecosystem to realize its full potential by creating a single, virtual marketplace that improves efficiency, and provides greater access to capital and investments."

Improving the Efficiency of Crypto Mining

Launched in 2018, Titan.io, Inc continues to be a cutting-edge software platform that enables efficient crypto mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Read this Term activities.

In December last year, Titan raised more than $15 million in its recent sale of the Lumerin Token as part of efforts to make the token available for use. The firm plans to use the funds from the sale to support its continuous efforts to expand and market the hashpower marketplace.

The Lumerin Token is an integral part of the Titan hashpower marketplace and its utility and functionality. The token supports the efficient creation of hashpower smart contracts and the Lumerin Validator nodes in creating a trustless, secure, and decentralized environment.

Individuals and companies who need hashpower, but do not want to invest the funds required for cryptocurrency mining IT infrastructure, can purchase or sell the token on Titan's marketplace. Besides that, the decentralized mining ecosystem/marketplace can create more investment and income growth than ever before. The ecosystem enables such opportunities by allowing the use of financial derivatives/futures and services for lending, custody, OTC and trading.