NovaMining

Blockchain

We're a blockchain start-up building services to improve criteria of transparency, quality, usability and compliance in cryptocurrency mining and exchanging industry built following a trustless approach; where anyone isn't required to rely on anyone else, as trust itself is built on use of a resilient system that makes use of cryptography acting as a fair regulatory part. Our mission is to make cryptocurrency mining and exchanging accessible to end-users in a more transparent and sustainable way while offering a more user-friendly experience at same time, preventing contracts' asymmetries, bad compliance and frauds. With our decentralised peer-to-peer hashing power marketplace and cryptocurrency exchange running on top of its public blockchain built as a Bitcoin Auxiliary Layer, our main goal is to enable end-users to buy hashing power contracts for mining secured and guaranteed by an escrow system that works with OP_CODES constructions of Bitcoin Script. Such escrow system will release funds only if mining providers will produce both a valid cryptographic hashing power commitment proof thanks to our proprietary open source code implementation (the so called Proof-of-Hashrate-Commitment) other then cryptographic payout proofs for each contract. In addition, the NovaMining Network will allow users to exchange cryptocurrencies between different blockchains via Atomic Swaps based on use of HTLC (Hashed Time Lock Contracts). On a larger scale, we hope to make our contribution and support to the community by developing services that improve the criteria of transparency, quality, usability and compliance in cryptocurrency mining and exchange industry, looking forward to be ready for an imminent mass-adoption.

  • Legal name:
  • Headquarters:
  • Founding year:
  • Founding team:
  • NovaMining
  • United States
  • 2017
  • Austin Woodward, Bobby Clayson, Brandon Woodward, Justin Woodward
  • Legal name:
  • NovaMining
  • Headquarters:
  • United States
  • Founding year:
  • 2017
  • Founding team:
  • Austin Woodward, Bobby Clayson, Brandon Woodward, Justin Woodward
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