Quantum Blockchain Technologies PLC (AIM:QBT) CEO Francesco Gardin talked with Proactive's Stephen Gunnion about the company's latest advancements. Gardin revealed that Quantum Blockchain is now able to mine Bitcoin in real-time using its AI Oracle technology, highlighting a significant milestone.
"We are mining with our FPGA bitcoins," Gardin said, clarifying that while they are dealing in Satoshis rather than full bitcoins, the company is preparing for a live demo to present its technology to potential customers.
Gardin discussed the unique challenges Quantum Blockchain faces, including the limitations of FPGA chips compared to ASIC chips, which impact the speed of accumulating results. To overcome this, the company is utilising time-lapse techniques and working on making the demo presentable to industry partners.
He shared insights from a recent US Bitcoin conference, where the AI Oracle received positive feedback, enhancing Quantum Blockchain's credibility. "When they associate a face... the entire credibility changes," he noted, emphasising the importance of direct engagement with industry leaders.
Gardin also provided updates on Method C's commercialisation prospects and reassured shareholders that Methods A and B remain in the pipeline. He revealed the company's excitement about upcoming access to Intel chips, which could unlock further potential for Method B.
Quantum Blockchain is preparing a 3D graphics video to simplify the explanation of Method C's disruptive impact on the Bitcoin algorithm. Gardin described the interest in the company's technology as "huge" within the crypto community.
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