Search Results for "costs"
Ant Blockchain Open Alliance Seeks to Minimize Costs for SMEs
Ant Blockchain Open Alliance, an enterprise blockchain platform by Chinese financial giant Ant Financial, is purported to aid SMEs in generating their own blockchain applications at minimal costs.
Holiday Rental Platform Seeks Blockchain Technology to Minimize Costs
EzyStayz, an Australian-based international vacation rental platform, is using blockchain technology to minimize costs, as well as enhance the home rental services it offers. It also seeks to revamp the duopoly witnessed in the home rental market via blockchain.
How Can Blockchain Be Used to Save $31 Billion in Costs in the Food Industry?
Blockchain, along with the internet of things (IoT) trackers and sensors, could reduce costs for retailers. New data from Juniper research showed that blockchain will be essential to $31 billion in “food fraud savings” by 2024 by tracking food across the supply chain.
Snowtrace to End Etherscan-Powered Service by Nov 30
Snowtrace.io, a blockchain explorer for Avalanche C-Chain, will discontinue its Etherscan-powered explorer on November 30, 2023, due to high EaaS service costs. Users are advised to backup data and Ava Labs suggests a better solution transition.
Generative AI's Compute Cost Challenge: Who Foots the Bill?
As generative AI scales, the debate on who should bear the compute costs intensifies. Industry leaders discuss potential solutions, including decentralized networks and innovative payment models.
NY Legislators Push Energy Tax on Bitcoin Mining Operations
New York cryptocurrency miners may face an exodus as lawmakers propose aggressive legislation targeting their high electricity usage.
Microsoft Develops Secret AI Chips to Reduce Development Costs
Microsoft has been developing its own AI chips since 2019 to reduce reliance on Nvidia’s GPUs due to rising costs. The project, called “Athena,” is already being tested by Microsoft’s machine-learning staff and OpenAI developers.
Scroll's 2024 Agenda: Lower Costs, Enhanced Security, and Increased Decentralization
In 2024, Scroll plans to make blockchain technology more accessible, secure, and decentralized. The company will reduce operational costs by 50%, integrate data compression techniques, and implement 4844 data blobs. It will also enhance compatibility with Ethereum Improvement Proposals and SHA256 precompile.
Bitcoin Mining Difficulty Spikes 13.55%, Reaches New ATH of 35.6 Trillion Hashes
Mining difficulty has reached a new all-time record, indicating that more miners are participating in the network.
Tachyum's Prodigy Processors: A Game-Changer for Blockchain in Banking and FinTech
Tachyum, a leading tech company, has recently published a paper titled "Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy", which highlights the potential of Prodigy to revolutionize transactional banking and significantly reduce the environmental and financial costs associated with blockchain's energy consumption.
NYDFS to Assess Supervisory Costs from Licensed Crypto Firms
The NYDFS will assess supervisory costs from licensed crypto firms in the state of New York to add top talent to its virtual currency team. This new regulation provides the Department with additional tools and resources to regulate the virtual currency industry.
Central American Countries Eager to See if El Salvador’s Bitcoin Cut Remittance Costs
Central American countries closely pay attention to see if El Salvador’s Bitcoin adoption could reduce the cost of remittances.