Join Our Mailing List
Saturday June 10, 2023
Bitcoin (BTC) $26,015.97   Ethereum (ETH) $1,761.33
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Blockchain interoperability protocol Laser to see expanded mining power

Published by CryptoNinjas.net
09/24/2018
Blockchain interoperability protocol Laser to see expanded mining power

Laser, a blockchain startup that connects thousands of existing blockchains to one another, believes it is now on course to enable near-instant inter-blockchain transactions – thanks to a boost in hash power and Service Node infrastructure at its parent company Global Blockchain Mining Corp (GBMC). Service nodes are the heartbeat of the Laser network, providing its key services and computing functions. So a commitment by GBMC to operate Service Nodes is crucial to the protocol.

GBMC is one of the largest publicly listed cryptocurrency mining companies, and the core developer of Laser. GBMC has committed to implement data center resources and compute capacity for the purpose of running service nodes and mining on the Laser Network.

Laser aims to connect hundreds of cryptocurrencies by enabling them to effectively speak the same language. It’s set to create a blockchain without borders, helping unlock the potential of every cryptocurrency.

Using an overlay protocol running on top of the Laser Blockchain, transactions can be approved near-instantly by service nodes, as opposed to taking several minutes or hours which is the case now.

For parties interested in operating as a Laser Service Node, a number of Photon tokens – the native cryptocurrency of the Laser network are required. Service nodes risk losing this stake if they attempt to validate an invalid transaction, so there is an incentive to be honest. Global Blockchain Technology (GBT) owns 30% of all Photon tokens. It will use this stake to operate itself as a service node.

Anonymity Guaranteed

Service nodes can “pseudo-confirm” transactions based on their observation of factors such as wallet balances. In the absence of negative confirmations, transactions can be deemed valid in just seconds.

Anonymity is also possible by scrambling coins of multiple transactions to prevent ownership of a given coin unit being traced through a public blockchain.

Shidan Gouran is President and CEO of Laser, and mined his first Bitcoin in early 2010. He is also co-founder and president of Global Blockchain Technologies, which is the largest listed private equity firm in the Blockchain sector.

An upcoming Laser crowd sale will entail an equity sale in Laser, with Photons allocated proportionately to equity purchased. A block of 6,300,000 shares will be made available, with a minimum purchase of 100 shares.

40
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Global Blockchain introduces Laser protocol for blockchain interoperability

04/28/2018
Global Blockchain introduces Laser protocol for blockchain interoperability

Global Blockchain announced the other day that it is launching a service layer technology called Laser. Laser works by operating on top of any existing blockchain network and optimizes its functions – which includes the ability...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
A Beginner’s Guide To Forex Demo Account

A Beginner’s Guide To Forex Demo Account

06/07/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy