Process synchronization in blockchains

Distributed blockchain technologies such as bitcoin have a consensus mechanism used to synchronize the transaction ledger, but some of the newer chains, such as Ethereum, actually run a turning complete virtual machine on the blockchain, and process synchronization is important to make sure that smart contracts are computed properly. For those of you unfamiliar with Ethereum, the purpose of these smart contracts is to programmatically define the rules of a business contract, whether as a simple exchange of tokens or as more complex operations such as escrow. Last fall, the Ethereum network was brought to its knees by the popularity of a virtual cat breeding application called Cryptokitties, which allowed users to buy, breed, and sell virtual cats. All of the data for the application and all operations were performed and stored on the Ethereum blockchain. Other notable uses for Ethereum include decentralized exchanges, where users can buy and sell Ethereum’s ERC20 tokens with others over order books and transactions that are maintained on-chain.

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First mining rig

We’ve just completed the build-out of our first crypto mining rig, code-named LAMBO1. This beast, spouting 6 MSI GeForce 1070Ti graphic processing units (GPU), and two 850 Watt power supplies, is currently cranking out crypto at an amazing clip and is already providing a steady income stream.

GPUs are almost impossible to find right now at quantity and prices are sky-high due to supply problems and high demand from miners. , and crypto prices are down from all-time-highs, but we fully expect both of these issues to be resolved in the coming months as manufacturers drop new supplies and the crypto market rebounds. For now we intend to accumulate holdings while we wait for token prices to come back and provide us with a better return on investment.

If you are interested in building your own rig or partnering with us on a large scale operation, please contact us for more information.

Introducing SEVAITS Blockchain

Hello and welcome to SEVAITS Blockchain, I’m Michael Wade, president, and founder. I first used the internet in 1994, and I’ve been a technology career professional for over 20 years. I am excited about blockchain and crypto-asset technologies like Bitcoin and Ethereum and the immense opportunity that is before us. Crypto-technology will transform how governments, banks, organizations, business and individuals operate, and will have an impact even greater than the internet has had on our everyday lives. It’s here to stay, and we’re still at the very early stages of adoption. That’s why we’re focusing our core business on blockchain and cryptoasset technology. Our constant research into the field and professional connections will allow SEVAITS Blockchain to be your trusted advisor in the new and exciting field.