ComputeCoin introduces testnet with top crypto miners after securing $2M funding

ComputeCoin Network (CCN), a self-evolving computer built to serve the metaverse with $2 million in funding, today announced the launch of its testnet. With some of the top crypto miners such as Ethereum (ETH), Filecoin (FIL), and Swarm (BZZ) miners on board, CCN continues to invite interested and qualified miners to apply until October 11th, 2021. ComputeCoin will distribute a limited number of Metaverse Mining Passes (NFT) to high-quality applicants.

Metaverse applications’ computational demands will be on an unprecedented scale, outpacing even the capacity of legacy tech giants and major blockchains. Unlike other layer-1 blockchain projects, ComputeCoin primarily focuses on enabling metaverse applications by integrating and dynamically configuring decentralized clouds such as Filecoin, DFINITY, and data centers to empower immersive experiences for end-users (e.g., VR/AR gaming).

“ComputeCoin is the first project to specifically take on the computational challenges facing metaverse applications. We envision a platform that can provide rich, low-cost, instantaneous, and trustable computing power to metaverse developers and users. For the past two years, we have been working hard to lay the groundwork for ComputeCoin. We are thrilled to finally invite miners to join our testnet when it launches.”
– Mourad Mazouni, CEO of ComputeCoin

Background

Originated in 2018 as a research project at a major university, the ComputeCoin project now has the backing of leading scholars and researchers, like Dr. Steve Liu, an IEEE Fellow, and Fellow at the Canadian Academy of Engineering; and Dr. Michael Saunders, a fellow of the Royal Society of New Zealand. ComputeCoin also boasts several other IEEE Fellows and professors in its expert team.

Already with a couple of proprietary US patents in its possession, ComputeCoin’s patented consensus algorithm, Proof of Honesty (PoH), makes their self-governing ecosystem possible by allowing users to authenticate the results of outsourced computing tasks. Another patent, Distributed Computing Using Blockchain Technologies, provides a fundamental architecture for decentralized clouds.

Interested miners can submit an application to participate in phase 1 of the testnet; in later stages of the testnet, miners will bid on certificates in an auction.