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CONFLUX AFRICA LEADERSHIP SCHEME; CALs

Partner Share this article Conflux is a state-of-the-art public blockchain system that can achieve high Transactions per Second (TPS) without compromising decentralization. This system originated from the research lab of Dr. Andrew Yao; a recipient of the Turing Award 2000.  The Conflux system adopts the Tree-Graph consensus mechanism to break the limitation of the current block chain system by achieving over 3500 TPS in contrast to the existing 30 TPS rate limit. With the Tree-Graph approach, security, scalability, and decentralization are fully optimized. In 2018, the Conflux Foundation was formed based on the breakthrough of this consensus mechanism, and a regulatory compliant fundraise was completed to build an open infrastructure. It is the only state-endorsed public, permissionless blockchain in China.

The9 Signed a Legally Binding Term Sheet on an Investment in Skychain Technologies Inc for Constructing Mining Facilities in Canada

Press release content from PR Newswire. The AP news staff was not involved in its creation. The9 Signed a Legally Binding Term Sheet on an Investment in Skychain Technologies Inc. for Constructing Mining Facilities in Canada April 21, 2021 GMT SHANGHAI, April 21, 2021 /PRNewswire/ The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it signed a legally binding term sheet on a CAD4 million investment in Skychain Technologies Inc. (“Skychain”), a company listed in TSX Venture Exchange in Canada. The purpose of the investment is for the construction and operation of a 12 MW cryptocurrency mining facility located in Birtle, Manitoba, Canada. The9 plans to deploy its cryptocurrency mining machines in this mining facility upon completion of the construction.

The9 Limited (NASDAQ:NCTY) - The9 To Invest C$4M In Vancouver s Skychain Technologies For Construction Of 12 MW Cryptocurrency Mining Facility

The9 Limited (NASDAQ:NCTY) - The9 To Invest C$4M In Vancouver s Skychain Technologies For Construction Of 12 MW Cryptocurrency Mining Facility
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