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|December 5, 2016 Hong Kong – Chinese blockchain company BlockCDN has released a breakthrough design for a miner that uses a TV set-top box to general digital currency. It’s called Idle Flow mining because it takes your excess internet bandwidth and turns it into digital cash. BlockCDN aims to bring the sharing economy to this vast store of unused internet resources, ‘Turning waste into money. BlockCDN is a waste recovery officer for the Internet’ said CEO Tony Long.
BlockCDN has already released idle flow mining software for mobile phone, laptop and tablet devices that has seen significant interest within the digital currency community. The ‘plug and play’ design means anyone can get involved, performing mining activities in the home by installing a simple piece of software. BlockCDN has attracted 1000 miners within a week and will continue to grow its network in readiness for an official launch in the new year.
BlockCDNs mission is to create a crowd-sourced bank of computing resources they will then offer to content providers at highly competitive prices. The CDN industry typically serves content providers with bandwidth on demand, enabling them to deliver a faster, more stable web experience to customers. Yet traditional CDN services are running on costly technologies making it difficult for them to scale to meet growing demand.
“Internet use has doubled in a decade putting pressure on traditional CDN providers. Video and rich media content is gaining popularity and the rise of social and mobile media mean the consumer is demanding faster higher quality web experiences. BlockCDN believes the share economy model holds the only real solution to the problem,” Tony Long, CEO BlockCDN
Using distributed networks means BlockCDN can be more efficient than it’s competitors, lowering costs by up to 90% whilst having a vast capacity to scale.
The BlockCDN team have 8 years experience working in traditional CDN companies giving them a unique insight into the industry. The CDN industry is currently $6 billion and is predicted to be worth more than $23 billion by 2021 (MarketsandMarkets). BlockCDN aim to take a slice of that market with content giant Youku first in line to trial the system in the new year.
BlockCDNs ICO crowdsale is open until 26th December and has now added Bitcoin as an option to investors. Investors will receive BlockCDNs native currency ‘BCDN’ that has a fixed supply and is used to pay for BlockCDN services and to pay miners. There is an additional 40% profit share for the first three years to early bird investors.
To learn more about BlockCDN and why they are about to launch one of the most exciting CDN developments of recent years, please visit http://www.blockcdn.org
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