{"id":11689,"date":"2019-01-07T00:00:00","date_gmt":"2019-01-07T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/01\/07\/consensys-the-ethereum-development-studio-partners-with-amd\/"},"modified":"2019-01-07T00:00:00","modified_gmt":"2019-01-07T00:00:00","slug":"consensys-the-ethereum-development-studio-partners-with-amd","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/consensys-the-ethereum-development-studio-partners-with-amd\/","title":{"rendered":"ConsenSys, the Ethereum Development Studio Partners With AMD"},"content":{"rendered":"

ConsenSys<\/a> <\/strong>announced a merger with the chip manufacturer Advanced Micro Devices [AMD]<\/strong>. This partnership aims towards developing a new cloud computing infrastructure based on the blockchain technology to government agencies and large companies as well.<\/p>\n

In the press release ConsenSys also mentioned that it was also partnering with Halo Holdings<\/strong>, an Abu Dhabi-based investment farm. Through these partnerships, the platform will provide the use cases and the information on how blockchain transactions may need to be processed.<\/p>\n

Web 3.0 Blockchain Cloud<\/b><\/h2>\n

As stated in the announcement, the merger between the three companies aims \u2018\u2018to develop optimized datacenter solutions for emerging blockchain workloads through the creation of W3BCLOUD<\/i>.\u2019\u2019<\/strong><\/p>\n

W3BCLOUD<\/strong> presumably stands for Web 3.0 Blockchain Cloud. It will improve the \u2018first independent cloud computing blockchain infrastructure\u2019 and in the process combine increased transactions through maximum security.<\/p>\n

W3BCLOUD will optimize solutions powered by AMD<\/a> <\/strong>hardware, which is able to support large workloads and applications for both government and commercial enterprises. W3BCLOUD is a computing architecture that is designed specifically for supporting Decentralized Applications.<\/strong> Therefore, it will increase the level of mass adoption towards Decentralized Applications, (DApps).<\/p>\n

\"W3BCLOUD<\/a><\/p>\n

The startup blockchain development company, ConsenSys, will focus on a majority of the heavy lifting when it comes to blockchain technologies while AMD with its industry expertise will be in charge of providing hardware<\/strong>. Although the release did not specify Halo\u2019s role, it is presumed that the company will offer financial support and advice towards this venture.<\/p>\n

Joseph Lubin<\/a><\/strong>, founder of ConsenSys expressed his excitement towards this operation stating that,<\/p>\n

\u201cThe combination of\u00a0hardware and software will power a new infrastructure layer and enable an accelerated\u00a0proliferation of blockchain technologies.\u201d<\/em><\/p>\n

According to him AMD\u2019s technology will lead the way towards \u201cscalable adoption of emerging decentralized systems around the globe.\u201d<\/em><\/p>\n

Jerog Roskowetz<\/strong>, AMD\u2019s Director of Product Management for blockchain technology also expressed his excitement towards the merger.<\/p>\n

About AMD<\/b><\/h2>\n

For so long AMD chips have been known for specifically running blockchain networks by retail customers looking to mine crypto coins. Almost 10% of its quarterly revenue comes from the crypto coin mining space. This is no longer the case as towards the end of last year, the percentage of sales to miners drastically dropped.<\/p>\n

With an aim to bolster blockchain processes involved in crypto mining, the company recently released GPU software updates for its miners<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

ConsenSys announced a merger with the chip manufacturer Advanced Micro Devices [AMD]. This partnership aims towards developing a new cloud computing infrastructure based on the blockchain technology to government agencies and large companies as well.<\/p>\n","protected":false},"author":4,"featured_media":11691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[5037,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/11689"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=11689"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/11689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/11691"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=11689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=11689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=11689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}