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Chain Reaction
Chain Reaction Overview
Chain Reaction develops blockchain and privacy technologies. It aims to accelerate compute performance, enabling companies to adopt and scale solutions to complex problems.
EL3CTRUM is the company's blockchain product line, starting with efficient hashing application-specific integrated circuits, optimized for high performance, high efficiency, and low power, and the heart of the company's hashboards and systems. EL3CTRUM delivers optimal payback time.
3PU is Chain Reaction's privacy product, accelerating real-time operations of privacy-enhancing technologies on encrypted data, transforming the cloud into a trusted environment and enabling new verticals to adopt the cloud at scale, including financial institutions, health care and pharmaceutical, defense and government, oil and gas, and more.
Chain Reaction Climate Tech relevance
While application-specific integrated circuits (ASICs) are designed for specific tasks and offer high performance, they are known for their energy inefficiency. In cryptocurrency mining, ASIC-based mining rigs consume a significant amount of energy. For example, Bitcoin ASIC miners consume around 50–100+ terawatt-hours of electricity per year, which is comparable to the annual energy consumption of some small countries.
Chain Reaction has produced a best-in-class ASIC for Bitcoin mining with unprecedented energy efficiency and a much higher power efficiency than other solutions presently available.
With the increasing use of ASICs, Chain Reaction's energy-efficient solution can mitigate the increase in greenhouse gas emissions.