New Delhi: The world’s largest semiconductor chip manufacturer Intel announced that it has started the work to launch a crypto chip. The chip developed by Intel is said to be very energy-efficient. Fintech, the company owned by Jack Dorsey, will purchase the chip, becoming the first customer of Intel’s crypto chip.
The new chip is believed to be a pioneer in the development of blockchain technologies. Intel’s new chip will also be energy efficient, saving an immense amount of energy.
Notably, the demand for energy-efficient computing technologies is rising as some blockchains require an enormous amount of computing power.
Introducing AXG’s Custom Compute Group. Stay tuned for more about Intel’s vision & commitment to the blockchain space.https://t.co/QPvj3EqYwn
— Pat Gelsinger (@PGelsinger) February 11, 2022
On the development, Raja M Koduri, SVP, and GM, Accelerated Computing Systems and Graphics Group at Intel, said, ”We at Intel are declaring our intent to contribute to the development of blockchain technologies, with a roadmap of energy-efficient accelerators.”
”Intel will engage and promote an open and secure blockchain ecosystem and will help advance this technology in a responsible and sustainable way,” added Koduri.
Furthermore, he said, ”Intel Labs has dedicated decades of research into reliable cryptography, hashing techniques, and ultra-low voltage circuits. We expect that our circuit innovations will deliver a blockchain accelerator that has over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining.”
He disclosed that the company will reveal further information regarding the new technology this month.
Koduri said, ”You will be able to learn more about our circuit innovation at the International Solid State Circuit Conference (ISSCC) this month.”
