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https://www.novamining.io/
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Categories: AlternativeBlockchainBuildingCryptoExchangeIndustryMarketplacePublicServiceTime
We're a blockchain start-up building services to improve criteria of transparency, quality, usability and compliance in cryptocurrency mining and exchanging industry following a trustless approach; where anyone isn't required to rely on any trusted third parties nor custodians being able to control users funds, as trust itself is built on use of a resilient system that makes use of cryptography acting as a fair regulatory part.

Our mission is to make cryptocurrency mining and exchanging accessible to end-users in a more transparent and sustainable way while offering a more user-friendly experience at same time, preventing contracts'​ asymmetries, bad compliance and frauds.

With our decentralised peer-to-peer hashing power marketplace and cryptocurrency exchange running on its own public blockchain as an alternative chain working as an auxiliary layer of Bitcoin Blockchain, our main goal is to enable end-users to buy hashing power contracts for mining secured and guaranteed by an escrow system that works with OP_CODES constructions of Bitcoin Script. Such escrow system will release funds only if mining providers will produce both a valid cryptographic hashing proof thanks to our proprietary open source code implementation (the so called Proof-of-Hashrate-Commitment) other then cryptographic payout proofs for each contract. In addition, the NovaMining Network will allow users to exchange cryptocurrencies between different blockchains via Atomic Swaps based on use of HTLC (Hashed Timelock Contracts).

On a larger scale, we hope to make our contribution and support to the community by developing services that improve the criteria of transparency, quality, usability and compliance in cryptocurrency mining and exchange industry, looking forward to be ready for an imminent mass-adoption.

Overview

Location
United Kingdom
Founded date
2017

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