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Jack Dorsey’s Block Takes on Bitcoin Mining Giants With Open-Source Chip
Jack Dorsey’s Block Takes on Bitcoin Mining Giants With Open-Source Chip
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Block throws down the gauntlet—announcing plans to open-source its Bitcoin mining chip design. No more ASIC oligopoly? Mining decentralization gets a fighting chance.
The move could reshape an industry dominated by Bitmain and its closed-door hardware. Dorsey’s play: undercut proprietary tech with community-driven innovation (and maybe squeeze some miners’ profit margins along the way).
Wall Street analysts already hedging their bets—because nothing terrifies traditional finance like open-source disruption with a side of deflationary monetary policy.
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