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Home Cryptocurrency

Neutron’s Drop Protocol, a Liquid Staking Protocol in the Cosmos Ecosystem, Successfully Completes $4M Seed Round

October 18, 2024
in Cryptocurrency
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Schematic from Artela's new whitepaper illustrating the parallel storage architecture (Artela Team)
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Dynex is a layer-1 blockchain focused on decentralized quantum computing, powered by a decentralized GPU network. The project has revealed a long-term roadmap aiming to transition from GPU-based quantum emulation to silicon quantum chips, with the goal of capturing 25% of the quantum computing market by 2034. The team has initiated a $50 million venture capital round to attract top-tier investors. Dynex plans to launch its first Apollo Silicon Quantum Chip by 2025, scaling up to 1 million qubits by 2034 for real-time quantum computations. The project emphasizes ethical standards, ensuring transparency and security by recording computations immutably on the blockchain, using DNX as its utility token. The project documentation highlights the company’s decentralized quantum platform and silicon-based hardware solutions as a future-proof approach to quantum computing. The project is centered on “neuromorphic quantum computing,” which involves utilizing ion drifting of electrons, as stated on the website.



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Tags: BitcoinBlockchainBlockchain TechnologyCompletesCosmosdropEcosystemEthereumEVMLiquidNeutronsProtocolProtocol VillageSeedStakingSuccessfullyTech
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