Intel launches blockchain chip to tap crypto boom
The Hindu
Blockchains serve as public ledgers that keep records of transactions on a network of computers and have grown in prominence in recent years.
Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies.
The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc to highlight its growing focus on the blockchain.
Blockchains serve as public ledgers that keep records of transactions on a network of computers and have grown in prominence in recent years. Their rise has also triggered a buzz around words like "Web.3" and "NFTs" that tout the decentralization of technologies.
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