D-Web Technologies Diversifies with Investments in Mining Hardware for Four Cryptocurrencies

February 09, 2021, San Antonio, Texas — D-Web Technologies (Decentralized Web Technologies), a leader in deploying decentralized networks and systems, is pleased to announce key hardware investments to support the computing needs of four cryptocurrencies. These currencies include Filecoin (FIL), Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC). 

The cryptocurrency investments by D-Web Technologies cover a wide variety of potential use cases and are quickly becoming trailblazers in their respective industries.

  • Bitcoin (BTC): the original cryptocurrency providing secure, encrypted digital payments
  • Ethereum (ETH): developer platform for decentralized applications
  • Litecoin (LTC): provides secure, encrypted digital payments at 4x the processing speed of Bitcoin
  • Filecoin (FIL): payments for a decentralized cloud storage network

The medium of exchange on decentralized networks, cryptocurrencies incentivize users to work collaboratively to deploy, use, and maintain the networks and progressively scale them to compete with the centralized networks that form the basis of the internet known today. The acquisition of these investments gives D-Web Technologies a substantial stake in the success of decentralized web networks by building a truly decentralized internet powered by the people, and not large corporations.

Each one of these currencies backs a distinct network that solves a specific problem. Not all cryptos are alike, and it’s important to understand the role each one plays before making any investment.

Filecoin

Filecoin is a decentralized cloud storage system enabling cooperative storage of data through a global network of hard drives owned by individuals or small businesses. These cloud storage providers are paid in Filecoin by network users to host files on their hard drives. Instead of giving away their personal data to access cloud servers run by large companies, Filecoin users can instead store their data in an encrypted network. This model promises to free users from the exploitative relationship currently being offered by the large tech companies; users will know that their data is not being controlled, manipulated, and sold. D-Web Technologies is investing 1 Petabyte of storage over the next few months to become one of the largest storage providers in the Filecoin network. To learn more about Filecoin, visit https://filecoin.io/. 

Litecoin

Litecoin is an open-source spinoff of the Bitcoin network that aims to decrease block processing speed from 2.5 minutes from the 10 minutes required by Bitcoin. It uses a modification of Bitcoin’s proof-of-work algorithm that reduces processing speed and memory storage requirements for the Litecoin network. D-Web Technologies has purchased miners to process Litecoin transactions with a total hashrate of 1GH/s. To learn more about Litecoin, visit https://litecoin.org/.

Ethereum

Ethereum is a global, open-source platform for decentralized applications. This allows developers to write, test, and deploy applications that exchange digital value. Ethereum is currently the most actively used blockchain and has been adapted for use with decentralized finance, smart contracts, and enterprise transaction processing by major banks. D-Web Technologies has rented miners from Genesis Mining to process Ethereum transactions with a total hashrate of 100MH/s. To learn more about Ethereum, visit https://ethereum.org/en/

Note: Discounted Ethereum mining capacity may be purchased from Genesis Mining using promo code mFaMZT

Bitcoin

The original decentralized cryptocurrency, bitcoin launched as an open-source software project in 2009 based on a publicly available whitepaper published under the alias Satoshi Nakamoto. Bitcoin was the first implementation of a blockchain, which solved the “double spending” problem of verifying payments on a decentralized network. It is now the largest cryptocurrency by market cap. D-Web Technologies has purchased miners to process Bitcoin transactions with a total hashrate of 24TH/s. To learn more about Bitcoin, visit https://bitcoin.org/en/.

D-Web Technologies’ investment acquires mining hardware that provides the computing power needed to help process payments on decentralized networks. All transactions on these networks are encrypted, so there is no knowledge of the participants in the transactions processed or the purpose of said transactions. This results in a private process that helps achieve the ideal of a decentralized internet powered by the people where everyone participates, everyone is compensated for their contribution, and users’ personal information is not compromised.

About Decentralized Web Technologies

Decentralizing the Future

Helping Internet users take back control of their data via a distributed, decentralized IoT network backed by cryptocurrency. D-Web Technologies is implementing economically viable and scalable network infrastructure that facilitates connections between devices over peer-to-peer (P2P) networks. Their smart device hotspots use LoRaWAN technology to connect devices securely and cheaply, allowing anyone to participate in building the network. To become a hotspot host and learn more about available devices, visit https://dweb.net.

Press contact:

Ken Briggs – [email protected]

Share this Posts
Share on twitter
Share on facebook
Blog Signup

Subscribe to our newsletter to receive the latest news and be the first to get notified on new updates.