Bitcoin.com Media
Bitcoin.com is the premier source for all things crypto related. Contact [email protected] to discuss press releases, sponsored posts, podcasts and other options.
XIDEN Blockchain Developer CryptoDATA Tech Announced as Official Title Sponsor of MotoGP™ Austrian GP – Press Release Bitcoin News
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 officially be called the CryptoDATA Motorrad Grand Prix von Österreich, and will sponsor one of the most talented The 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 functions 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 technology users worldwide.
CryptoDATA Tech, now the official title sponsor of the MotoGP™ Austrian GP, has recently launched a new blockchain architecture called Xiden which aims to deliver a new internet concept consisting of several decentralized networks that will act as a single network connection of nodes controlled 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 has low energy consumption, making it a go-to place for users who prefer sustainable and eco-friendly architectures available in the blockchain world. To this end, mining on the Xiden blockchain is realized with multi-functional devices developed by CryptoDATA, but all other smart devices can be integrated into the network’s Smart Distribution Layer (SDR) so that their resources can be used to increase mining power.
The first project developed at Xiden is called Edain, an AI-powered knowledge ecosystem that provides equal access to practical knowledge. Two sentiment analysis applications have been developed within this ecosystem, applications that integrate several indicators to analyze projects available in the market: Decision Point Crypto (analyzes CMC Top 100 tokens) and Decision Point (analyzes SP500 constituents).
Through the XIDEN project, CryptoDATA promotes digitization and the creation of innovative technology projects and invites developers to create their own projects on Xiden 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 powerful protocol that enables the integration of smart devices. With this blockchain, users can integrate smart equipment to perform multiple tasks and get paid with XDEN, Xiden’s original token. XDEN was initially listed at $0.30, but the price immediately shot up, its record high was $60.21, and now its value has stabilized around $35, which can be seen on CMC.
Xiden is built so that each network participant has an active role and helps other participants. By doing so, participants benefit from all the benefits and features of the system, from rewards to free internet access when they are near a system-registered Minter Guardian router, and a secure infrastructure on which all devices can operate.
Ovidiu Toma, co-founder and CEO of CryptoDATA Tech: “At CryptoDATA, we develop high-performance technologies and services based on blockchain attributes to bring tomorrow’s technology today. Right now we are incredibly excited to start our collaboration with Dorna Sports as we become the first Romanian company to take over title sponsorship for Grand Prix events. We share their commitment to innovation and we want to show that blockchain technology can drive positive initiatives for environmental change, for people and for the motorsport community on and off the track, as it represents one of the most transparent and secure technologies with high applicability in many fields outside the cryptosphere . That said, technology and innovation are at the heart of what we do, which is strategically aligned with the sport of racing, and together we will create amazing experiences at the intersection of digital technologies and MotoGP.”
About CryptoDATA Tech
CryptoDATA Tech is a global ambassador for promoting the importance of data security and digital privacy worldwide. The company has been a pioneer in the development of services and products based on blockchain technology that enables private and secure communication between users. Based on the premise of discovering digital privacy, CryptoDATA Tech offers no-holds-barred cyber solutions for traveling users who want to protect their personal information by providing them with devices and applications that offer enhanced digital security.
This is a press release. Readers should do their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image credit: Shutterstock, Pixabay, Wiki Commons
