Riding the Wind and Breaking the Waves丨Insights into ViaBTC’s Grand Business Vision: Mining Pools Are Destined to Be More Professional, Larger, and More International
The ups and downs of the past twelve years since the birth of the blockchain have witnessed many fortune legends, vanishing dreams, and tales. Just like distance tests a horse’s stamina, only the real strength could survive the test of time. The “crazy era” in which currency prices soared and plummeted like a roller coaster has gone forever. In its place is the endeavor to probe into the underlying technology and explore the application scenarios and business models built on the blockchain architecture.
Especially after the Fourth Session of the 13th National People’s Congress of China in 2021, “new infrastructure” has once again become a hot word. Among the three major areas involved in the “new infrastructure” and the seven frontier core areas, blockchain has been included in the category of “information infrastructure”. Upon the arrival of the digital economy boom, the transition of the business model from being physical to being digital has become the focus of research among many economists and sociologists. Hashrate and data are undoubtedly the infrastructure for building this digital economy, which has become a global consensus.
Embrace the new infrastructure and keep up with the trend of the times
Statistics show that global hashrate demand doubles every 3.5 months, and this growth data will swell as the bull market continues and digital assets become ever more popular. It is an indisputable fact that with the rising hashrate and mounting mining difficulties, the mining industry is no longer the place for single miners but a group of miners in synergy. That is because single miners or small-hashrate miners can hardly mine block rewards stably in the hashrate battle. The mining industry is destined to be more professional, larger, and more international.
In digital mining, which is hailed as the first pot of gold in the era of the digital economy, the growth of hashrate has long been a great concern among miners. As an important link between mining farms and miners, mining pools have drawn much attention from the industry during their development.
ViaBTC has risen to a world-renowned mining pool during the past five years of development since 2016. For all these years, ViaBTC has always focused on the blockchain field. On the one hand, it insists on an innovation-driven, market-oriented development path, and launches diversified products and services to meet the increasingly diverse needs of miners; on the other, it constantly explores the development direction of the industry, keeps up with the trend of the times, and embraces new infrastructure. Committed to becoming a provider of the underlying framework technology of the blockchain world and a champion of the basic technological revolution, ViaBTC has grown into a veteran in technology R&D and global operation, its brand has become increasingly influential in more regions, and the strategic market expansion is already fully fledged.
With a layout across the ecosystem, ViaBTC is committed to being a bridge between miners and blockchain investment value
In terms of mining pools, ViaBTC has served nearly one million users in more than 130 countries/regions around the world, and innovatively launched financial products that meet the interests of miners, which are much favored by miners. Having integrated industry resources, ViaBTC set up [Selected Mines] as well as [Mining Companies] as a gathering place of top resources in the industry and a platform where miners can find resources conveniently.
In the segment of exchanges, CoinEx, affiliate to ViaBTC, has made constant progress in product categories, user experience, and innovation, and has put the ecosystem in place. Even during the fluctuations in the industry in 2020, CoinEx has never stopped its steps on the established path, and its brand effect can be expected soon.
In the segment of the public chain, CoinEx Chain has always been committed to building the next generation of blockchain financial infrastructure. To achieve this goal faster, CoinEx Chain was upgraded to CoinEx Smart Chain (CSC) in March 2021. This is a decentralized, high-performance public chain based on the Ethereum Virtual Machine (EVM). It uses a more advanced PoS consensus mechanism, has a higher TPS, and at the same time maintains a lower transaction fee, which greatly facilitates developers and individuals to develop and deploy ecosystem applications on the chain;
The niche market of wallets has always been the access to the blockchain world’s traffic and assets as well as the hub of many ecosystems. ViaWallet, a decentralized multi-currency wallet listed on ViaBTC, not only helps users with digital asset management, but also ensures access to the CSC ecosystem.
As the saying goes: “Those who do not seek the overall picture are incompetent to maintain even a small part of it.” Equipped with a forward-looking perspective to lay out the entire ecosystem, ViaBTC has always dedicated itself to promoting the development of the digital economy industry, embracing new infrastructure, and contributing its share to the era of the digital economy.
