press release
PRESS RELEASE. CryptoDATA Tech was announced as the title sponsor of the Austrian Grand Prix in 2022, 2023, and 2024. CryptoDATA Tech will take top billing at the Red Bull Ring – Spielberg, which will be officially named the CryptoDATA Motorrad Grand Prix von Österreich, and will sponsor one of the most talented MotoGP™ riders, Jorge Martin. CryptoDATA, is a Romanian company that develops high-performance products and services with unique cybersecurity attributes applicable in various domains due to their integrated features based on blockchain technology and encryption with an environmentally friendly approach. By delivering unique projects and customized products, CryptoDATA meets both the needs of its partners and those of tech users worldwide.
CryptoDATA Tech, now the official title sponsor of the MotoGP™ Austrian GP, has recently launched a new blockchain architecture called Xiden that aims to deliver a new internet concept consisting of multiple decentralized networks which will act as a single network connection of nodes governed by individual users. Therefore, Xiden can easily be considered a new way of mining within an ecosystem that enables the use of decentralized resources, complies with all ETH standards, and features low energy consumption, making it a go-to place for users that prefer sustainable and environmentally friendly architectures available in the blockchain world. To this end, mining on the Xiden blockchain is realized with multifunctional devices developed by CryptoDATA, but all other smart devices can be integrated in the network’s Smart Distribution Layer (SDR) so that their resources can be used to boost mining power.
The first project developed on Xiden is called Edain, an AI-powered knowledge creation ecosystem that provides equal access to actionable knowledge. Two sentiment analysis applications have been developed within this ecosystem, applications that integrate multiple indicators to analyze projects available in the market: Decision Point Crypto (analyzing CMC Top 100 tokens) and Decision Point (analyzing SP500 constituents).
Through the XIDEN project, CryptoDATA promotes digitization and the creation of innovative tech projects and invites developers to create their own projects on Xiden in order to meet the needs of as many individuals as possible worldwide.
Xiden’s major advantage is that it combines the Internet of Things with blockchain technology to offer a significantly…
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