I did some research on
oBTC and its
Dev team and found out some interesting facts.
It was particularly interesting to find about
Dr. Michael Dubrovsky who also happens to be one of Dev team members of "oBTC"
A few things which I found and would like the "
oBTC community" to know about are as under:-
Twitter Account of Dr. Michael Dubrovsky -
@MikeDubrovskyTwitter Description - Co-Founder at SiPhox (YC S20) and PoWx. MIT Advanced Study Program Fellow, Technion and several startups prior. From Brooklyn. Recently became dad.
By the way,
MIT here is "
Massachusetts Institute of Technology"
His
personal website is -
https://www.michaeldubrovsky.com/More about
Dr. Dubrovsky from
Cruchbase:- (
https://www.crunchbase.com/person/mike-dubrovsky)
He founded
PoWx as a Visiting Researcher at the Technion University Materials Department. Prior to Technion, he founded
Simply Grid, a curbside emergency-vehicle charging startup, which was acquired by
MOVE Systems. As Director of R&D at MOVE, he led the design and manufacturing of two product lines (for which he holds patents) with complex global supply chains.
Michael sees cryptocurrency as a revolutionary improvement in global access to property rights, and is passionate about helping it scale.More about
Siphox (which
Dr. Dubrovsky was a
co-founder) :-
SiPhox offers a handheld testing device with RNA/DNA and protein testing for point-of-care and At-Home solutions. The company's kit is made by multiplexing RNA, antibody, and antigen tests on a single silicon photonic chip which is amplified by plasmon resonance and silicon photonic resonator readout, enabling users to undertake tests for disease safely and in a disposable point-of-care and at-home manner.
SiPhox was founded in 2020 and is based in Cambridge, Massachusetts, USA.
Resource:- Optical Proof of Work(co-authored by Dr. Dubrovsky along with Mr. Marshall Ball & Mr. Bogdan Penkovsky)
(source
https://www.researchgate.net/publication/337241203_Optical_Proof_of_Work)
Most cryptocurrencies rely on Proof-of-Work (PoW) "mining" for resistance to Sybil and double-spending attacks, as well as a mechanism for currency issuance. Hashcash PoW has successfully secured the Bitcoin network since its inception, however, as the network has expanded to take on additional value storage and transaction volume, Bitcoin PoW's heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.
Mining efforts have concentrated in areas with low electricity costs, creating single points of failure. Although PoW security properties rely on imposing a trivially verifiable economic cost on miners, there is no fundamental reason for it to consist primarily of electricity cost. The authors propose a novel PoW algorithm, Optical Proof of Work (oPoW), to eliminate energy as the primary cost of mining. Proposed algorithm imposes economic difficulty on the miners, however, the cost is concentrated in hardware (capital expense-CAPEX) rather than electricity (operating expenses-OPEX).
The oPoW scheme involves minimal modifications to Hashcash-like PoW schemes, inheriting safety/security properties from such schemes. Rapid growth and improvement in silicon photonics over the last two decades has led to the commercialization of silicon photonic co-processors (integrated circuits that use photons instead of electrons to perform specialized computing tasks) for low-energy deep learning.
oPoW is optimized for this technology such that miners are incentivized to use specialized, energy-efficient photonics for computation. Beyond providing energy savings, oPoW has the potential to improve network scalability, enable decentralized mining outside of low electricity cost areas, and democratize issuance.
Due to the CAPEX dominance of mining costs, oPoW hashrate will be significantly less sensitive to underlying coin price declines.
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All I see in this thread is about people trying to jump onto the mining of "oBTC".
Mining some "oBTC" is fine, but please do remember"PoWx" is a "Non-Profit organization Non-Profit organization dedicated to developing PoW cryptography compatible with ultra-energy efficient optical computing".
..... and what I have mentioned above describes the true credentials of one of the dev team member.
Let us see "oBTC" as a project that can be a real game changer in the may mining hardware gets revolutionized into less energy consuming gadgets.
oBTC donations are welcomeoBTC Address - bc1qc62m8cw385ua7mxqqmzz648mcfma4wtdsq6wdm
