Tether has started the testing phase for its Bitcoin mining platform. Emphasizing its commitment to strong security protocols, the company noted that it aims to change communication in the Bitcoin mining ecosystem.
Paolo Ardoino, Tether’s chief technology officer, announced that the testing phase has been launched for the company’s Bitcoin mining platform Moria.
In a post on his social media account, Ardoino announced that the platform has reached an important milestone at this stage by deploying the first batch of containers and miners, including expanded control over PDU management and miner interaction.
https://twitter.com/paoloardoino/status/1703034640175431833
security commitment
Tether emphasized its commitment to strong security protocols by emphasizing that all write actions will require multi-signature confirmation. At the same time, the company stated that its system will adopt a peer-to-peer (P2P) approach and integrate with Internet of Things (IoT) technology, a development that Ardoino describes as “almost magical.”
What is Tether Moria?
Built on Tether’s proprietary Holepunch technology, Moria was developed with the aim of changing communication in the Bitcoin mining ecosystem. By seeking to facilitate secure and flexible interactions between its components, Moria was designed to be highly resilient and cost-effective against potential attacks.
Ardoino emphasized that Tether’s long-term goals are to invest in Bitcoin technology, promote sustainable mining, and support open finance and communications infrastructure in developing countries. He added that the company is committed to supporting freedom of expression and open source technologies, as reflected in its projects such as Holepunch and investments in open source hardware wallets.
Additionally, Ardoino noted that regulators should focus on existing financial structures rather than reactively targeting cryptocurrencies:
“Over the last two years, I have been in good communication with regulators who are 100 percent interested in creating a safe environment for cryptocurrencies and blockchain technology to thrive.”
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