PUTIN

Network3 completes high-performance computing network testnet staking mining with a valuation of 200 million USD

ChainCatcher news, January 20, 0:00 AM (UTC), the Network3 computing power testnet has successfully concluded and is beginning a seamless upgrade to the mainnet. This computing power staking mining, valued at 200 million USD, has successfully attracted well-known institutions such as DePINX and members of the Supernode Alliance including Hashkey, FBG, Waterdrop Capital, Bitrise, and IoTeX, aiming to validate the technical feasibility of the N3 Compute Network and further explore the integrated application of computing power resources.Achievements during the operation of the N3 computing power testnet:Total asset value of GPU devices reached 40 million USDN3C computing power token staking amount reached 13 million USDTotal monthly revenue reached 3.5 million USD256 H200 and 640 H100 high-end GPUs participated in miningIn addition, Network3 will launch N3 token spot trading on exchanges such as Bybit, Gate.io, and BingX at 4 PM Beijing time on the 22nd of this month.It is reported that Network3 is committed to technological innovation and application promotion in the Edge AI field. By introducing a high-performance computing power network, Network3 provides users and developers with a fairer, more transparent, and efficient computing power trading platform, exploring a new paradigm in the AI computing resource market.

Aethir partners with EigenLayer to revolutionize decentralized cloud computing services

ChainCatcher news, according to official sources, Aethir has announced its integration with EigenLayer, a blockchain infrastructure platform for restaking solutions, to fundamentally transform the scalability and efficiency of decentralized cloud computing.This integration will simplify the on-chain process for non-Web3 native GPU service providers, expand Aethir's decentralized network capabilities, and bring new development opportunities to both communities, thereby significantly advancing the development of decentralized cloud infrastructure. The integration of EigenLayer's Active Validation Service (AVS) model can greatly enhance Aethir's scalability, providing more restaking opportunities for ATH token holders and maximizing their returns within the ecosystem. This diversified resource pool enables Aethir to maintain a utilization rate of 70%, far exceeding industry standards. The integration also helps to further advance Aethir's "New Horizons" program, which aims to expand its network by attracting high-quality cloud hosting providers."The integration of Aethir with EigenLayer is a key milestone in Aethir's journey to redefine the future of decentralized cloud computing," said Aethir CEO Daniel Wang. "By leveraging EigenLayer's restaking framework, we not only expand our community's staking opportunities but also unlock new growth opportunities for computing service providers and enterprises. Together, we are setting a new benchmark for the DePIN ecosystem."It is reported that Aethir is an enterprise-grade AI GPU-as-a-service provider, having raised over $140 million in total. Aethir has a rapidly growing network, with approximately 400,000 state-of-the-art GPUs across 93 locations, including over 3,000 NVIDIA H100s and more than 59,000 Aethir Edges, providing scalable GPU computing resources on demand globally.

Network3 high-performance computing testnet N3 Compute Network is about to launch

ChainCatcher news reports that, according to official sources, Network3 is about to launch the high-performance computing testnet: N3 Compute Network testnet. Users can connect high-performance GPUs (such as H100) and stake N3 tokens on the testnet, providing computing power for AI developers, earning rental income while also receiving additional N3 token rewards.The launch of the N3 Compute Network marks a further enhancement of Network3 in the decentralized AI infrastructure field. This network will upgrade from inference of small model applications in Edge AI to supporting computationally intensive tasks such as training, fine-tuning, and data processing for medium and large AI models.Thus, Network3 provides AI developers not only with the closest frontline data as fine-tuning datasets but also with economical and efficient computing resources for fine-tuning customized models, greatly improving the efficiency of AI developers in exploring customized models. For owners of Edge Devices, Network3 offers an efficient monetization platform for the computing power or data of their devices without sacrificing privacy.We look forward to more practical AI applications empowered by Network3 quickly entering people's lives. It is reported that Network3 will launch an airdrop event before the end of the year to thank early community builders and plans to go live on several well-known exchanges soon.

Research: Bitcoin needs over 300 days of downtime to fully withstand the threat of quantum computing

ChainCatcher news, according to Fortune, a study from the University of Kent's School of Computing indicates that if Bitcoin wants to effectively guard against the threats posed by quantum computing, it will need a protocol update, which would result in the cryptocurrency being offline for 76 days. The study also more practically points out that Bitcoin could allocate 25% of its servers for the protocol update while allowing users to continue mining and trading at a slower pace. However, in that scenario, the downtime would extend to 305 days, or 10 months.Carlos Perez-Delgado, a lecturer at the University of Kent, stated that he could not provide an exact figure for the downtime costs, but it could be staggering. According to data from the Ponemon Institute, the cost of downtime for businesses can reach up to $500,000 per hour. If Bitcoin were to be offline for 76 days (which the study considers the best-case scenario), the update costs could reach $912 million.In an interview, Perez-Delgado said, "Even if your technology is down for just a few minutes or a few hours, it can be very, very expensive. What we show in the paper is that for Bitcoin or any Bitcoin-like system, updates can take days, weeks, or even months." However, Perez-Delgado believes that given the emerging and "forthcoming" quantum technologies that could easily break the encryption codes protecting vast amounts of online data, such slow and costly actions are necessary.Perez-Delgado is not trying to be alarmist. IBM predicts that within this decade, we are unlikely to have sufficiently large quantum computers to threaten current forms of encryption, so until then, the threat to cryptography remains hypothetical. But Perez-Delgado warns that if quantum computers do pose a threat, all tech companies must take proactive measures.
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