Jack Dorsey’s company building an open system for bitcoin miners

New Delhi. Jack Dorsey, a big supporter of Cryptocurrency and former CEO of Twitter, has made preparations to enter the digital currency. Jack Dorsey’s company is working on creating an open bitcoin mining system. Jack’s company name is Block Inc and he is working as its CEO.

Jack Dorsey himself has confirmed that his company, formerly known as Square, is now working on a plan to build an open bitcoin mining system. After being re-branded, the company is now working on Blockchain technology, going beyond its payment business.

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What is the company’s plan

Jack Dorsey had decided to resign as the Chief Executive Officer (CEO) of Twitter in November 2021. Dorsey told via tweet that he is officially working on creating an open bitcoin mining system. The company first announced that it was considering the plan in October.

The block company’s general manager (hardware) Thomas Templeton gave information about this plan. He explained that his goal is to make mining bitcoin the largest cryptocurrency by market value.

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Square is a financial services company currently working in payments business. The company is working to advance its business in blockchain technology. They are working towards simplifying the work like buying, mining, maintenance of cryptocurrencies. The company believes that blockchain technology is the future of tomorrow.

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