Lumerin, a trailblazer in the realm of decentralized Bitcoin mining platforms, and Quai, an innovative Layer-1 crypto network for global compute economies, have proudly announced a strategic partnership with the goal of broadening access to Bitcoin mining.
This collaboration aims to merge Lumerin’s proficiency in decentralized data stream routing with Quai’s inventive approach to decentralized computation, thereby enhancing accessibility, transparency, and efficiency within the Web3 ecosystem.
Empowering Decentralization in Web3
Both hashpower and AI computing centralized models carry inherent risks, including bias, censorship, and monopolization. Through their partnership, Lumerin and Quai aim to decentralize these vital components of Web3 infrastructure, democratizing hashpower access while ensuring transparency and accountability through open technologies and blockchain frameworks.
Lumerin has already made strides by successfully launching its decentralized hashpower marketplace on the Arbitrum network, allowing users worldwide to circumvent common barriers to Bitcoin mining entry, such as local electricity costs or hardware prices, and engage in decentralized crypto mining compute power trading.
By incorporating Quai’s innovative two-token system and scalable Layer-1 network, Lumerin and Quai collaborate to expand access to decentralized hashpower further, potentially unlocking new future applications based on data stream routing infrastructure.
Ryan Condron, Founder of Lumerin, emphasized the significance of the partnership: “By teaming up with Quai, we harness the combined potential of decentralized hashpower to fuel innovation and accessibility in the Web3 realm. Together, we aim to redefine the benchmarks of decentralization and empower users globally.”
Alan Orwick, CEO of Dominant Strategies, expressed excitement about the collaboration: “The partnership between Quai and Lumerin focuses on constructing essential infrastructure to power the 21st-century economy: compute and energy assets, alongside the markets facilitating their exchange. We are thrilled about our collaboration as it allows us to collaboratively lay the groundwork for infrastructure crucial to driving economic growth and innovation in this era.”
Key Points of the Collaboration
The alliance between Quai and Lumerin centers around constructing the infrastructure necessary for the 21st-century economy.
Specifically, Lumerin will roll out a Bitcoin hashpower marketplace on the Quai Network, extending the decentralized hashpower market to Quai Network users. This move aims to democratize Bitcoin mining, enhance network decentralization and security, and offer increased participation opportunities.
Additionally, both companies are committed to exploring potential future collaborations in mutual projects, including joint ventures in transaction mining and MEV protection markets, as well as advancements in NIPoPoW and decentralized RPC Services.
