Block.one CEO Brendan Blumer revealed on Twitter the incredible news about exploring a multi-chain mining strategy for both bitcoin and Ethereum, directly using the EOS blockchain:
B1 has begun exploring a multi-chain mining strategy to build proficiencies that we see as important to long term ecosystem interoperability, and to strengthen our corporate treasury through diversification. #EOS #Bitcoin #Etherem
– Brendan Blumer (@BrendanBlumer) August 21, 2020
In this way, there will be a new system to mine two of the most relevant and important cryptocurrencies in the blockchain space, entirely on the EOS blockchain, or on a sister chain based on the EOSio software.
Just last month, Blumer himself praised Bitcoin courtesy of pTokens and pBTC.
Now even EOS is a valid alternative to move this asset safely, especially compared to wBTC, which made itself Vitalik Buterin will worry:
I continue to be worried about the fact that these wrapped BTC bridges are trusted… ..
I hope that they can all * at least * move to a decently sized multisig
– vitalik.eth (@VitalikButerin) August 17, 2020
Furthermore, it is important not to forget that Block.one has invested 180 MW in a company, Northern Data, and therefore it has enough power to mine bitcoin and Ethereum.
Considering that 1 Megawatt corresponds to approximately 1 Petahash per second, PH / s, then we are talking about 180 Ph / s that could be used to mine the two cryptocurrencies, either in an identical portion or with a higher percentage for one of both.
There are no further details on how this could happen. You could surely bring ETH directly into the EOS blockchain, also because using the same basic software is always possible to transfer Ether also on the main blockchain thanks to interoperability.
Now we just have to wait for more details from the development team and see how the whole system will be integrated and if the main EOS blockchain will be used or a new one built for the occasion.