Israeli startup to create blockchain chips with $70M of fresh funds By Cointelegraph
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The adoption of blockchain technology is on the rise, with most enterprises looking into the technology in some capacity. As blockchain becomes more pervasive, all types of users will need the most efficient access to the capabilities of this technology.
One of the responses to this has been the development of blockchain chips as energy-efficient accelerators. On Feb. 23, the Tel Aviv-based blockchain chip startup Chain Reaction announced it raised $70 million to expand its engineering team for developing its next chip.
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The adoption of blockchain technology is on the rise, with most enterprises looking into the technology in some capacity. As blockchain becomes more pervasive, all types of users will need the most efficient access to the capabilities of this technology.
One of the responses to this has been the development of blockchain chips as energy-efficient accelerators. On Feb. 23, the Tel Aviv-based blockchain chip startup Chain Reaction announced it raised $70 million to expand its engineering team for developing its next chip.
Continue Reading on Coin Telegraph
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