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Global Blockchain Mining revises strategy for two-tier networks

The Vancouver-based company is embarking on a strategy that will use master nodes to enhance its services
Illustration of a chain
Global Blockchain Mining is using master nodes for two-tier blockchain networks that use service nodes

Global Blockchain Mining Corp (CSE:FORK) said Wednesday that it will operate master nodes for two-tier blockchain networks that use service nodes to provide trust services for features such as expedited transactions.

The company added that it has been looking at running a data center to provide computing power for artificial intelligence applications.

READ: Buying Bitcoin: A beginner’s guide to dealing in cryptocurrency

"A defining value of FORK, as a business, is investing in infrastructure, as opposed to speculating on assets," CEO Shidan Gouran said in a statement.

A master node is a governing hub for some cryptocurrency networks, with a node being a computer running a network. To own a master node, operators are required to commit collateral, which can be confiscated in cases of fraud, according to Global Blockchain Mining.

A service node is a connecting point for data transmission.

 

Contact Dennis Fitzgerald at [email protected]

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