Ethereum has been preparing what we consider to be the most exciting digital alliance since IBM and Microsoft partnered so successfully on the IBM PC. We know that you have been expecting great things from Ethereum and we are delighted to bring you this exciting and unexpected news.
As you know, Ethereum mining is best done on graphics cards. However, the industrial scale purchase of expensive graphics cards to mine recreates the centralized mining cartels that are so much a part of the Bitcoin landscape. We’d like to be more decentralized than that, and after much consideration and quiet discussion, we’d like to announce our lasting solution to the decentralized mining problem: Valve.
Valve’s Steam is quickly targeting 100 million users, most of whom have serious graphics hardware at their disposal. Valve has the clout to bring mining software to most of those machines simply by making it available to users and nicely asking them to download it, in exchange for participating in the network and the chance to earn a bit of credit, redeemable for Steam. in the future. purchases and downloadable content. Basically, this is Ethereum-on-Steam: Steamium, as we call it.
This solution solves many of Valve’s problems to create significant value for players beyond just having fun too: Transferable digital ownership that lives on the new Steamium blockchain will allow players to buy, sell and trade when appropriate, with smart contracts to avoid cheating, cartels and illicit sales. which could damage the underlying function of the games and the network.
Of course, Steam OS and Steam Machines will likely be native Steamium products, with blockchain technology and smart contracts built into every level of their function, from checking and validating software updates to securing user accounts and allowing them to communicate and transact. . Our new project intends to go as far as possible to push gaming technology and operating systems forward with these new products.
One more thing.
Steamium will be integrated and released alongside the highly anticipated Half Life 3.
