Since the inception of the first mining pools in 2010, cryptocurrency miners have sought innovative methods to handle the technical challenges of Bitcoin mining in order to boost their efficiency and profitability. This trend began with the introduction of the first mining pools in 2010.
It has been more than a decade since the invention of the crypto mining environment, and now Titan’s next generation Lumerin peer-to-peer protocol is poised to usher in a revolution in scalability and decentralization.
Titan’s new marketplace, which is scheduled to launch in December 2021, will revolutionize the transferability of hash power by providing miners with a one-of-a-kind chance to buy, sell, and transport hash power. The new P2P platform, which decentralizes the management of hash power, improves access, efficiency, and transparency for everyone, from individual miners to multinational corporations, by increasing access, efficiency, and transparency.
Titan was established by Ryan Condron, a software developer with more than 15 years of experience in the cryptocurrency sector. Condron, who built the new mining marketplace service from the ground up in-house, has been a well-known figure and visionary in the cryptocurrency industry since its founding in 2012. In the years leading up to Titan’s debut, he pioneered the mining-pool area with the introduction of Poolwarz in 2013 and subsequently with Coinwarz, the industry’s most well-known cryptocurrency mining calculator.
A funding round of more than $15 million was completed recently by Titan, which was funded via the sale of its Lumerin Token. The funds raised will be utilized to finance Titan’s continuing expansion in the hash power marketplace. More than 43 million tokens were sold, with half of all sales happening in the first hour of operation.
The introduction of digital currencies occurred in 2009 as a reaction to the economic downturn and as a means of providing open-source, transparent, and financial independence. As the new Titan ecosystem prepares for a global launch in Q2 2022, Condron hopes that his company’s contribution will aid in the realization of the vision of creating a decentralized, peer-to-peer, electronic cash system similar to the one envisioned by Bitcoin’s founders at the beginning of the decade.