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Global Blockchain Mining Corp () (OTCMKTS: GBCHF) said it had completed the development of a proof-of-stake resource aggregation platform for the operation of masternodes, servicenodes and witnesses in the provision of consensus services on five blockchain networks.
This will allow the company to use aggregate funds from customers, giving them access to a class of business that presents a relatively high barrier to entry through any other means.
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Providing consensus services with profit has a capital requirement that is prohibitive for most individuals, which requires the commitment of large sums as collateral.
The Vancouver-based group said it will be able to "trade capital from a multitude of parties" to meet these capital requirements and distribute gains in proportion to its capital grants.
"As most people and financially experienced entrepreneurs know, opportunities expand when they pool resources with others," Global Blocker's CEO Shidan Gouran said in a statement.
"Whether you're buying real estate, or you're running a pool of masternodes and servicenodes, you'll get a better return on your money by collaborating with others to buy something Grade A, as opposed to anything you can afford yourself.
"As consensus services require substantial capital outlays, we believe our platform can benefit customers by offering them exposure to this profitable method of profitability." Since the platform will be able to support virtually any other new blockchain network that comes out, this is excellent long-term earnings prospects for all types of customers, "Gouran added.
In the beginning, the platform will support consensus services on the blockchain networks of Dash, ZenCash, Loki, Steem and Nuvocash. It has been developed to be able to easily provide support for consensus services on other blockchain networks, which can be integrated according to market conditions at any given time.
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Global Blockchain will oversee all aspects of the platform's operations, including the selection and maintenance of hardware, the allocation of resources to a specific category of consensus services and the execution of market analysis to optimize returns.
FORK will retain 15% of all gross earnings derived from consensus services and will return the balance to customers who will have the opportunity to allow their earnings to remain on the platform or to cash out. The platform will be offered from February 15, 2019.
The platform's private demonstrations were presented this week to several participants at the Consumer Electronics Show in Las Vegas, Nevada.
"Because consensus services are the backbone of any blockchain network, there will always be a demand for them: in the stake test models, which are becoming much more common, the average person can not benefit from this request, as it requires tens or hundreds of thousands of dollars to be pledged as collateral, "said FORK President Steven Nerayoff, adding that FORK's platform would do a lot for" efficiently, equitably and sustainably "by helping public access" to the lucrative nature "of consensus services.
Contact Uttara Choudhury at [email protected]
Follow it up : @UttaraProactive
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