Semtech Announces New Collaboration with MXC Foundation
April 05, 2021
Semtech announced it will be collaborating with the MXC Foundation, which works to power future IoT advancements on blockchain, in an effort to deploy open networks leveraging the LoRaWAN protocol.
Per a company press release, MXC is already connecting communities with open-source wireless communication networks in the U.S., Europe, Korea, and Russia. Furthermore, the Foundation reached a strategic Smart City partnership with the government of Hangzhou, China.
The MXC blockchain model leverage participants that serve as supernodes, deploying and sharing their own IoT gateway.
This produces a large data highway with extensive LoRaWAN network coverage.
According to the same release, individuals can mine cryptocurrency and improve their own data transaction exchanges while simultaneously sharing in MXC supernode profits.
For more information, visit https://www.semtech.com/.