What is Titan? Diffusion Digital April 2021

TL;DR

Titan is building a decentralized hash rate routing mechanism that connects mining facilities and mining pools through a layer zero protocol and smart contract-enabled TCP/IP proxy router network.

Transcript

i'm charlotte i'm head of strategic partnerships at outlier and i'm sharing a bit of an overview on our ascent program which is our slightly later stage accelerator where we help projects launch their token um and uh one of the second project that we've got today is the awesome titan and i've got ryan here who's their ceo and i'm going to let him g... Read More

Key Insights

• ☠️ Titan's focus is on building a decentralized hash rate routing mechanism that connects mining facilities and mining pools.
• 📱 The company's technology involves a layer zero protocol and smart contract-enabled TCP/IP proxy routers.
• 😶‍🌫️ Potential applications include NFTs for mining devices, decentralized wrapped proof-of-work currencies, cloud contracts, and energy options and derivatives.
• ☠️ Community involvement and decentralization of hash rate control are essential to Titan's vision.
• 😤 The team behind Titan includes experienced individuals from the mining and cryptocurrency space, such as Jeff Garzik and Jethro Grassie.
• 🏛️ Titan is currently in the token issuance phase and aims to build a community around its technology.
• 🛄 The company believes that mining is a crucial component of the cryptocurrency market and aims to keep it decentralized.

Questions & Answers

Q: What is Titan's main goal?

Titan's main goal is to create a decentralized routing mechanism for decentralized networks by connecting mining facilities and mining pools through a layer zero protocol and smart contract-enabled TCP/IP proxy router network.

Q: How does Titan's hash rate routing mechanism work?

Titan's TCP/IP proxy routers route hash rate from mining facilities to mining pools, creating cryptographic proof of the hash rate flow. This proof can then be submitted to a smart contract, enabling various applications based on hash rate flow.

Q: What are some potential use cases for Titan's technology?

Some potential use cases include creating NFTs for mining devices, decentralized wrapped proof-of-work currencies, cloud contracts, short-term device rentals, and energy options and derivatives using hash rate as a bridge to buy and sell cryptocurrency.

Q: How does Titan plan to ensure decentralization and community involvement?

While mining may centralize around favorable government regulations, cheap electricity, and stable infrastructure, Titan aims to decentralize the control of hash rate through its routing mechanism. The governance of the Titan network will be in the hands of miners, and the company expects community involvement to drive the growth and adoption of its technology.

Summary & Key Takeaways

• Titan is launching one of the first institutional bitcoin mining pools in North America, along with a next-generation mining management software.

• The company's focus is on creating a decentralized hash rate routing mechanism that connects mining facilities and mining pools.

• Through smart contract-enabled TCP/IP proxy routers, Titan aims to keep control of hash power decentralized and enable various applications in the hash rate ecosystem.