DMG Granted ML-based Crypto Patent
DMG Blockchain Solutions Inc. announces the issuance of a patent by the US Patent and Trademark Office (USPTO) for U.S Patent No. S2020/0167791A1. This patent is for a novel method for detecting and tracking tainted cryptographic wallets in order to screen out nefarious actors. This patent describes methods for the underlying technology of Blockseer’s Walletscore product, which is the basis for DMG’s clean-block mining and can be used in mining pools. DMG’s second granted patent further bolsters our intellectual property portfolio as well as validates the innovation of our technology, which includes machine learning (ML) capabilities. This technology is central to Walletscore’s ability to filter out risky transactions.
June Preliminary Mining ResultsAs a summary of its past month bitcoin mining results, in June 2022, DMG mined 76 bitcoin and grew its total hashrate to a maximum of 680 PH/s. DMG is on target with respect to its original schedule for received miner deliveries for growing its hashrate to 1 EH/s by the end of 2022, subject to the receipt, installation and operation of the additional miners. DMG also announces that its Annual General and Special Meeting (AGSM) will be held on September 14, 2022.
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About DMG
DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.
Blockseer
Blockseer licenses blockchain software products to help enable crypto adoption and growth.
Core & Core+
DMG’s businesses are segmented into two main divisions: Core Crypto Infrastructure and Core + Software & Services.
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