RE: Blockchain13 Dec 2021 08:24
See below from Sept Rns: News due anytime. (findings that were expected to be patentable in the coming months) DYOR
Quantum Blockchain, following the research programme of the cryptography expert and other members of its research and development team, was working on other findings that were expected to be patentable in the coming months.
"Filing the ASIC UltraBoost patent application is the first milestone resulting from our research and development programme, achieved in just four months," said chairman and chief executive officer Francesco Gardin.
"It is the first of many patents the company is working on and plans to file.
"This breakthrough result, which we believe has the potential to be game changing, will be used for the deployment of our proprietary FPGA and ASIC implementations of the Bitcoin mining algorithm."
Gardin said a nearly 7% efficiency in running the Bitcoin mining algorithm could be used to increase mining speed or save energy.
"On the massive numbers of iterations involved in mining, this level of saving represents, either a 7% increase in the mining probability, or a 7% energy saving at the existing mining probability.
"In both cases, for large mining facilities this optimisation corresponds to significant mining revenues, or saved energy bills, all leading to increased profit.
"We are very optimistic on the future results of our research and development efforts, as this first patent application has shown."