STX recently announced that it has signed an agreement with BaySand in the cryptocurrency market, a Silicon Valley-based application specific integrated circuit (ASIC) development firm, and Singapore-based QRF Solutions, it has blockchain defensive patent license aids prevent the feared majority attack on any dispersed ledger network, including the Bitcoin network, being a part of the Blockchain Defense Patent License (BDPL), it can also recover its first Bitcoin mining hardware “Hanminer.”
The group indicates the first step of commitment of STX to be a competitor in the cryptocurrency hardware market as well as emerging its own crypto mining amenities to provide liquidity in the cryptocurrency market. The three companies will share their knowledge and know-how relating to each of their markets as well as the technological and regulatory needs to implement its cryptocurrency complete value chain.
The agreement comes at a time when there is an increasing need for cross-border transactions to be settled in a decentralized and quick manner. A correct solution provider, as well as appropriate partnership users from various countries, might be able to greatly manage their trades with the minimal third party while maintaining security and privacy.
According to Sang Jun Park, CEO of STX Corporation, STX is committed to its partners to be a strong competitor in the cryptocurrency market, and it would be their partners for cross-border commodity payments in cryptocurrency.
As per the Korea Times, the company stated that the agreement came at a time when there has been an increasing requirement for cross-border dealings to be settled in a regionalized way.
Salah Werfelli, CEO of BaySand stated that there is an amazing opportunity for the best and most well-organized Bitcoin ASICs to support the blockchain industry. BaySand will bring the cryptocurrency ASICs explanation incorporation with QRF Solutions for its software, system IP and total EMS solutions. Hardware will be sold as separate customized mining containers via STX Corporation.
About STX Corporation
STX Corporation operates in the energy trading, commodity trading, machinery and engine trading, and shipping and logistics fields in South Korea and internationally.
As per Bloomberg, it is currently is making its presence into the cryptocurrency market for Bitcoin mining hardware along with technology association partners.
The post STX Corporation Enters the Cryptocurrency Market with ‘Hanminer’ SHA256 Miners appeared first on OWLT Market.
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