NovaMining

Start-up building transparency, quality & usability in crypto industry via trustless approach, P2P marketplace & Atomic Swaps.

General Information
Company Name
NovaMining
Founded Year
2021
Location (Offices)
Bulgaria
Founders / Decision Makers
Number of Employees
1-10
Industries
Information Technology, Internet
Funding Stage
-
Social Media

NovaMining - Company Profile

NovaMining is a pioneering blockchain startup aiming to advance transparency, quality, compliance, and usability within the cryptocurrency mining and exchanging industry through trustless solutions. Their slogan, "Start-up building transparency, quality & usability in the crypto industry via trustless approach, P2P marketplace & Atomic Swaps," encapsulates their mission. The company has developed a peer-to-peer hashing power marketplace and cryptocurrency exchange, both built on a public blockchain as a Bitcoin Auxiliary Layer. One of NovaMining's primary objectives is to empower end-users with secure hashing power contracts for mining. They have implemented an escrow system reliant on OP_CODES Bitcoin Script to ensure funds are only released once mining providers have produced valid cryptographic hashing power commitment and payout proofs. Their cutting-edge Proof-of-Hashrate-Commitment open source code implementation enables this guarantee. As of 2021, NovaMining is headquartered in Bulgaria. Notably, the company has not disclosed its last investment or investors. By focusing on trustless solutions and peer-to-peer marketplaces, NovaMining seeks to contribute to the drive for increased transparency and security within the cryptocurrency industry, making them a potential disruptor in the Information Technology and Internet sectors.

Taxonomy: Cryptocurrency, Trustless Solutions, P2P Marketplace, Atomic Swaps, Usability, Cryptocurrency Mining, Hashing Power, Escrow System, Proof-of-Hashrate-Commitment, Open Source Code, Blockchain Technology

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Latest News of NovaMining

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