Solarbeam Has Partnered With SpiderDAO

Solarbeam announced partnership with SpiderDAO to distribute $SOLAR rewards to SpiderMiner users, and also to promote hardware mining among its users by introducing the SpiderMiner.

SpiderMiner aims to bring multi-token mining to every crypto-related project — regardless of their network protocol or token characteristics — in an Eco-friendly, privacy-centric way.

It’s designed as a low-power device that produces consistently high returns on a wide range of high-quality, diversified tokens. The SpiderMiner deploys a hybrid mining Algorithm called POPS (Proof of Privacy Staking) that ensures an easy-to-operate user interface alongside world-class privacy, security and protection protocols. Users can simply and securely mine and earn.

SpiderMiner’s features will include:

• SpiderVPN: Every user minting from the SpiderMiner will have access to a Spider Virtual Private Network — a virtual shield using military-grade encryption.
• Decentralised ID (DID): The Decentralised ID (DID) service combines hardware MIPS Architecture, offering Military-Grade Cryptography, ‎and 2-Factor authentication protocols.
• Hardware DAO: Each SpiderMiner equals one vote. There are additional security measures implemented to avoid hoarding of many devices. In such cases, there will be instantaneous detection and blocking from the voting process to eliminate abuse of the feature.
• Hardware Crypto Wallet: Users may access their hardware wallet from any registered personal device (Phone, Tablet, Computer) whilst ensuring maximum security.

About Solarflare

Solarflare is a decentralized exchange, providing liquidity and enabling peer-to-peer transactions on the Moonbeam Network.

About SpiderDAO

SpiderDAO is the first hardware-governed DAO with a self-maintaining and self-improving robust Hardware/Software Governance control mechanism.

SpiderDAO team aims to build a new set of standards for Decentralized Autonomous Organisations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism whilst creating a highly scalable, interoperable and stable governance system.

About Solarbeamio

Solarbeam is a decentralized exchange, providing liquidity and enabling peer-to-peer transactions on the Moonriver Network. We are currently the leading DEX on the network. The goal is to provide a comprehensive and convenient, one-stop platform for the cryptocurrency community.

➡️Source:
https://solarflareio.medium.com/shine-a-light-on-defi-series-spider-dao-3fdc7d3202ac