Fun

AMD hardware accelerators to support blockchain interoperability

News Feed - 2024-02-21 11:02:00

Savannah Fortis10 hours agoAMD hardware accelerators to support blockchain interoperabilityAMD partners with the Wormhole ecosystem to integrate enterprise-grade hardware accelerators into the Web3 space, facilitating blockchain interoperability.5233 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe semiconductor developer Advanced Micro Devices (AMD) is bringing enterprise-grade hardware accelerators into the Web3 space to support blockchain interoperability. 


On Feb. 21, the interoperability platform Wormhole — known for powering multichain applications and bridges at scale — announced a collaboration with AMD to bring its FPGA hardware accelerators to the Wormhole ecosystem.


The partnership will also have AMD employ its expertise in hardware acceleration and technical support to the ecosystem to help with speed and scalability for multichain applications being built with Wormhole.


Additionally, in the months following, engineers from both AMD and Wormhole plan to release mainnet deployments of various zero-knowledge light clients. This will allow trustless message-passing to be enabled between blockchains including Ethereum, Near, Solana, Aptos, Sui and Cosmos.


The advancements of zero-knowledge cryptography, coupled with enhanced computing power, create a combination that supports more secure blockchain transfers and reducing the reliance on third-party entities to establish trust and security.


Related:Wormhole reclaims $1B TVL, Hedera’s $408M development fund: Finance Redefined


Wormhole said the adoption of zero-knowledge proofs (ZKPs) will help reduce its reliance on centralized node operators in favor of a trustless solution.


Hamid Salehi, the director of product management for Adaptive and Embedded Computing Group at AMD, said the company is “excited” to help accelerate “decentralized computing in the blockchain industry.”


Rehul Maganti, a contributor to the Wormhole ecosystem, is quoted as saying that the AMD partnership will bring the ecosystem “one step closer” to low-latency, trustless, multichain messaging.


He said the several ZK-enabled corridors they are expected to roll out in the partnership should level-up user experience, “both in terms of speed and security”


AMD has been widely known for its development of semiconductor chips, used to power high-level artificial intelligence (AI) applications. It is in direct competition with market leaders such as Microsoft and Intel.


Many industry insiders in the Web3 industry consider AI and blockchain to emerge as a power duo in the space over the next year as both technologies provide complimentary use cases to another.


Magazine: ‘Crypto is inevitable’ so we went ‘all in’: Meet Vance Spencer, permabull# Blockchain# AMD# Technology# Hardware# DeFiAdd reactionAdd reactionRead moreWould Sam Altman"s $7 trillion ask really secure our future?Volatility hits PLANET token after Lionel Messi’s partnership for RWANigeria’s tech agency pushes for AI integration for enhanced security

News Feed

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round
NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round A South African startup, NFTfi, is reported to have recently raised $5 million which the company in
China Offers Medics Digital Yuan Insurance Policy for Covid-19
China Offers Medics Digital Yuan Insurance Policy for Covid-19 China’s first insurance policy using the digital yuan for settlement has been issued in Shen
IRS releases draft of 2025 digital asset reporting form for US taxpayers
Derek Andersen2 hours agoIRS releases draft of 2025 digital asset reporting form for US taxpayersThe U.S. Internal Revenue Service has been grappling with crypto tax reporting for years, and they may have a ways to go st
Ezra Reguerra9 hours agoBlockchain gaming platform creates refundable NFT programSpielworks CEO Adrian Krion said that the NFTs will also provide mining power and material drops to players of their Dungeon Worlds game.12
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation A growing number of economists have warned about a severe recession in the U.S. if th
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’
Canada"s Tiff Macklem Insists "Rate Increases Are Warranted," Canadian Columnist Says Central Bank"s Governor "Needs to Go" Canadians have been dealing with rising inflation and th
SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’
SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is "Significantly Non-Compliant" The chairman of the U.S. Securities and Exchange Commissio
NFT Marketplace Opensea Raises $100 Million — Firm Becomes a Blockchain Unicorn
NFT Marketplace Opensea Raises $100 Million — Firm Becomes a Blockchain Unicorn Opensea has become the latest non-fungible token (NFT)-focused firm to raise fu
Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack
Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had
Bybit crypto exchange launches trading platform in the Netherlands
Helen Partz11 hours agoBybit crypto exchange launches trading platform in the NetherlandsMajor global crypto exchange Bybit announced the launch of Bybit.nl as a new regulated crypto trading platform in the Netherlands.3
Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen
Este artículo también está disponible en español. Crypto analyst Ali Martinez has revealed what needs to happen next for the Bitcoin priceto surpass its current all-time
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren"t in Compliance With Its Rules, Says Chair Gensler The chairman of the U.S. Securities and Exchange Commiss