Banking on the ever-increasing popularity of cryptocurrencies and the need for blockchain-based technologies in the market, Intel has announced a new custom compute chip to mine cryptocurrency. This is touted as the company’s first-ever crypto-focused chipset called the “blockchain accelerator.”
The “Blockchain Accelerator” is claimed to be the most energy-efficient chip for blockchains. Intel’s Senior Vice President and the General Manager of Accelerated Computing Systems and Graphics Group, Raja M. Koduri, via a blog post, explained the need for blockchain technologies as we “usher in the era of metaverse and Web 3.0.”
Furthermore, Intel has developed a new Custom Compute Group within Intel’s Accelerated Computing Systems and Graphics business unit to make more custom chips based on technologies like Blockchain and supercomputing.
