Web3’s Latest Mining Technology Is Now Available to the General Public
The next generation of cryptocurrency mining has arrived with MetaBlox’s miner, which yields tokens while providing seamless WiFi OpenRoaming connections.
Keep reading to explore how this device and the services it provides are set to transform not only crypto mining, but the internet as well.
Global, Decentralized WiFi
Each MetaBlox miner provides connections to a global WiFi network which allows users to roam seamlessly between access points.
After connecting initially at any participating router/miner, users enjoy automatic reconnections at over 2 million locations. To connect initially, users create a free decentralized identity (DID) WiFi OpenRoaming credential on the free MetaBlox app, which is available for Android and iOS. After signup, users don’t have to open the app again to enjoy seamless and decentralized WiFi roaming.
MetaBlox’s DID + VC Protocol governs this process whereby nodes (miners) verify DIDs to establish WiFi connections, which transactions are recorded on the blockchain ledger.
MetaBlox’s Web3 WiFi Vision
The global WiFi network accessed through MetaBlox miners provides seamless, global internet coverage that will lay the foundation for Web3 applications requiring large-scale, continuous network coverage such as the Metaverse.
The DID-based identity management/authentication protocol developed by MetaBlox for WiFi logins also offers the infrastructure needed for Web3 dApps to offer passwordless, on-chain authentications for logins and other actions. For instance, users needing to verify their account to level-up in GameFi could enjoy passwordless authentication via DID.
And since on-chain authentications governed by MetaBlox Protocol enable token generation (as explained below), the technology could also provide dApp users and investors with new mining opportunities.
Community Network Ownership
Since individuals purchase, deploy, and operate MetaBlox miners, ownership of the network they provide access to is distributed across this community. Profits are paid out in the form of mining rewards for helping users connect to WiFi in a Web3 native way.
MetaBlox miner hosts get ongoing rewards for deploying the decentralized OpenRoaming WiFi network.
Order your MetaBlox miner now.
As mentioned, MetaBlox miners function like routers by authenticating on-chain credentials to establish WiFi connections. As a result of this work, they mine MetaBlox tokens while establishing connections. Mining rewards are currently MetaBlox points that will be redeemable for tokens after the project’s IDO this year. Rewards can still be tracked from the MetaBlox app.
When one miner verifies a user’s DID to establish a WiFi connection, the other miners, functioning as blockchain nodes, confirm this transaction, subsequent to which a proof of the given authentication is recorded on the blockchain ledger. This process results in token yields produced by the miner that established the connection.
Moreover, this process involves computations that are far less complex than those required by traditional PoW mining. So, since they are routers, MetaBlox miners require far less energy than conventional miners.
The more WiFi connections a MetaBlox miner establishes by verifying DIDs, the more tokens it earns, though average yields are about 3–4 tokens daily.
Although MetaBlox miners create public networks for mining, they can also provide their operators password-protected, high security home networks for personal use.
If they choose to do this, the MetaBlox team can isolate the home network so that any attack on or compromise of the public network does not impact the home network.
Alternatively, miner operators can continue using their existing home network/router, in which case MetaBlox can install a firewall to isolate it from the mining network.
MetaBlox’s WiFi-miner is a game-changing innovation for mining that allows operators to earn token yields while providing the public with enterprise-level WiFi previously only accessible to large companies. This upgraded WiFi includes higher security, better internet quality, and the coverage needed to explore Web3 and the Metaverse.
The new miner therefore offers a unique opportunity for individuals to participate in the decentralization of the internet while profiting from the value it creates. By investing in MetaBlox miners, operators not only gain access to a powerful mining tool but also contribute to the growth and sustainability of blockchain-based WiFi and Web3.
Visit MetaBlox’s community channels and website for more updates-