It had been rumored for some time, but today Intel has made it official in a press release: Intel is investing in blockchain technology and will launch a chip specifically designed for the efficient management of this type of tasks. And it does not seem that we are talking about a specific action, if we look at the words of Raja M. Koduri, an Intel executive who signs said text, from which it can be deduced that this is a much more ambitious plan:
«Today, we at Intel declare our intention to contribute to the development of blockchain technologies, with a roadmap of low-power accelerators. Intel will commit to and promote an open and secure blockchain ecosystem and help advance this technology in a responsible and sustainable manner.»
The statement is even more interesting because, unlike other components and other hardware specifically designed to optimize hashrate, in this case it is not intended as a solution specifically aimed at the cryptocurrency sector, but also points to the blockchain ecosystem in general, with everything that this technology can contribute in many fields, in which it can not only guarantee operations, but also reduce deadlines from weeks to minutes.
And another fundamental aspect of Intel’s statement is that it focuses on efficiency, which I personally think is a great success. One of the main criticisms that block chain technology receives (and again I clarify that I speak in general, I do not refer specifically to cryptocurrencies) is that the most common systems today, all those that are based on the ability to calculation. They are very demanding when it comes to energy consumption. Something that, without a doubt, complicates the use of this technology in a general way, thus weighing down its possibilities.
Intel’s approach, as we can read in the statement, highly values ??efficiency, so we can expect that the solutions that the company is already working on (although they are still in their initial phase), have taken this point into account since their conception and, therefore, we can expect them to provide improvements in this regard, with integrated in which the performance is adequate for the purposes in which it is used, but in a balanced way with their electrical consumption.
While the cryptocurrency community is likely to be the first to welcome this new chip, which Koduri calls a “blockchain accelerator” with open hands, Intel appears to have invested in the technology in its set and has big plans for her. We are not surprised, because as I mentioned at the beginning, the first time we heard Intel related to blockchain was in 2018.
Regarding the chip, Intel anticipates its arrival at the end of 2022, it will have new hashing techniques and ultra-low voltage circuits. Koduri promises that this will result in up to a thousand times better performance per watt than current mining solutions. The chip will be presented during the International Solid State Circuits Conference (ISCCC). The conference will take place from February 20 to 28, 2022, so we expect news about it before the end of this month.