By Ryan TippettsBy Ryan TiddsAUSTIN, Texas–(BUSINESS WIRE)–AUSTin, Texas-based startup Chain of Chains has released a new product to improve on bitcoin mining, one that it claims is easier than other methods.
Bitcoin mining is a process in which a computer is used to process bitcoins and is often done by a small number of computers using a complex network of mining nodes.
Chain of Blocks, which is now available in the App Store, utilizes a specialized software package called ASIC-based mining that is designed to process more than a hundred transactions per second.
The software, Chain of Shares, was developed by the company in collaboration with other blockchain developers.
Chain of Shares utilizes a special ASIC chip called a “virtual ASIC” which is essentially a virtual computer that has been designed to mine and process large numbers of transactions per hour.
The ASIC chips are able to mine the blockchain at a higher rate than conventional computers.
ASIC chips also have more energy efficiency compared to traditional CPUs, making it more energy efficient for mining and therefore more efficient for distributing electricity to the miners, according to the company.
Chain shares also support the Ethereum blockchain and its decentralized network.
Chain shares are an app that allows users to hold bitcoins and exchange them for other assets.
It was built using an open-source fork of Ethereum and is available for download on the Chain of Share App.
Chain Shares also supports other cryptocurrency, including Ripple, Bitcoin, and Litecoin.
The company said it wants to increase the efficiency of mining Bitcoin and Ethereum, which it believes have the potential to become the next bitcoin, ether, and litecoin.
The blockchain is a decentralized, peer-to-peer system that allows anyone to build, create, and manage their own digital assets.
Blockchain is expected to be the backbone of the financial system, according a research firm.
The Chain of Chain app uses blockchain technology to make mining more efficient, as well as to streamline the processes that miners have to perform to verify and validate transactions.
Chain’s blockchain app is available to download on Apple App Store and Google Play.
The app was designed to be as simple as possible for people with basic computing skills.
Chain will offer more specialized apps for miners to use in the future, the company said.
Chain currently uses ASIC mining chips that use specialized ASIC technology.
The company’s developers say that the chip designs are compatible with existing mining equipment.
Chain also has developed an API to let developers connect to the blockchain and verify transactions, which could help miners verify that they are indeed who they claim to be.
The developer also plans to integrate with other services like Bitpay and Coinbase.
Chain’s blockchain application is free to download, and is compatible with most devices.
In addition to mining Bitcoin, Chain also has its eye on Ethereum, the blockchain technology platform that is used by several cryptocurrencies.
Chain announced that it is partnering with Ethereum developer Slock.it to provide developers with Ethereum-specific APIs.
In order to use the Ethereum APIs, developers need to have a “substantial amount of Ethereum,” the company stated in a blog post.
Chain said it plans to offer more Ethereum-based apps for mining in the near future.
Chain said it expects to increase its adoption of Ethereum in the coming years.
The startup said it will focus on developing applications that can help miners to increase their efficiency, improve their efficiency and to make the blockchain more efficient.
Chain hopes to add Bitcoin and other cryptocurrencies to its blockchain in the next few months.
Chain, which recently raised $15 million in Series A funding, aims to help improve the efficiency and scalability of Bitcoin mining.
The project is expected the project will be a part of Chain’s next investment round.
Chain has also launched an SDK to help developers use the API to validate transactions, improve mining efficiency and speed up blockchain processing.