Block, a financial services technology company, announced the launch of its newest collection of offerings. Proto is a suite of bitcoin mining products and services designed to help decentralize the global supply of mining hardware and the distribution of hashrate.
Proto works to increase builder access to bitcoin mining chips and rigs while increasing network resiliency and making everyday use of bitcoin secure and simple. Block’s overall mission is to accelerate the transition to an open and equitable global economy, and the company considers open protocols like bitcoin to be essential to achieving this goal.
Proto is necessary to address the concentration of power in the bitcoin mining hardware market, which limits consumer choice and raises barriers to entry, according to Block. Proto aims to provide competitive alternatives, supporting smaller players and applications like home mining. It consists of ASIC chips, mining rigs and developer tools. It provides a range of industry-standard and innovative products, along with customizable firmware and an API for developers.
