CHICAGO--(BUSINESS WIRE)--Lumerin is a decentralized, peer-to-peer blockchain protocol that allows for the exchange, rerouting, and redirection of data streams using smart contracts. One of its first use cases is the decentralization of Bitcoin mining.
Today, we announced the launch of the first-of-its-kind Lumerin Web Marketplace. Built on the Arbitrum One, it functions as a decentralized application that empowers anyone to easily mine and trade Bitcoin hashpower remotely, by simply connecting to a Metamask wallet.
Decentralized and User-Friendly
The new Lumerin Hashpower Marketplace allows Web3 users to access hashpower and mine Bitcoin without having to acquire any hardware or install any additional software.
This initiative aligns with the company's commitment to decentralization, making it accessible to anyone with a Web3 wallet and an Internet connection. This user-friendly approach allows for a smoother and faster onboarding of users, allowing users to mine Bitcoin from home with just a few clicks.
"The release of the new marketplace marks a significant innovation in the Bitcoin mining landscape, as it will continue to democratize access and facilitate onboarding to the crypto mining industry," said Ryan Condron, Lumerin project leader. "Our goal is to make crypto mining accessible to everyone, and this user-friendly interface brings us one step closer to achieving that vision. By simplifying the buying/selling process and enhancing the overall experience, we're opening up new opportunities for both miners and buyers in decentralized crypto mining."
Key Features of the Lumerin Web Marketplace
This new Lumerin Hashpower Marketplace aims to provide additional advantages for both miners and users, and streamline the user experience for better accessibility to the platform.
Users can now engage with the marketplace directly from their browsers, streamlining the entire process. No additional software installations are required, making it convenient for both miners and buyers.
In the new marketplace, users can connect and transact directly through their browser wallet like MetaMask, providing a secure and efficient way to manage their transactions and interact with the marketplace.
As Lumerin prepares to onboard some of the industry’s leading miners on the sell-side of the marketplace, these features will allow more users to access hashpower and mine Bitcoin from anywhere in the world.
George Burke, co-founder of bitcoin-based DEX network PortalDeFi.com, an early bitcoiner and strategic partner with Lumerin, shared his excitement about the Lumerin Hashpower Marketplace: "As a strategic partner powering native cross-chain liquidity into the Lumerin Hashpower Marketplace, we’re excited for this update. The new marketplace makes it even more convenient and accessible. The platform's commitment to decentralization and transparency aligns with the ethos of crypto, providing a secure and efficient environment for access to virgin Bitcoin."
As the Lumerin Web Marketplace is the first use case of the Lumerin protocol, we’re exploring other potential opportunities. Specifically, we’ve recently partnered with Morpheus, a peer-to-peer network for generative AI, permissionless and open-source. Morpheus will leverage Lumerin’s proxy router and wallet technology to orchestrate the allocation of AI resources across its network in a secure, decentralized manner. Lumerin’s technology will be building the core node software and protocol for Morpheus’ decentralized AI routing technology.
About Lumerin
Lumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts. The Lumerin Hashpower Marketplace is the first dApp leveraging this technology to make Bitcoin hashrate a liquid asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.
