What is Spiderpool?
Spiderpool was established in 2018 with a strong foundation in ETH and BTC mining pool. The team has a deep blockchain background and has supported BTC, ETH, ETC, BSV, BCH, CFX and a plethora of cryptocurrencies. After more than 4 years of cumulative experience, Spiderpool’s ETH mining pool was ranked third in the world, and its BTC mining pool was ranked 13th in the world.
Since its founding, SpiderPool has gradually grown from a small team of diehard crypto enthusiasts to a competent team of more than 60 personnel, all while attaining substantial profits in fiscal year 2020. In 2021, three years after its establishment, the valuation of our ETH mining pool had reached $40m USD and in May, we distributed 2,000 ETH among shareholders which at the point in time was equivalent to $8.5m USD.
Thanks to our years of experience and expertise, we are confident in building high-quality mining pools while providing the best services to our clients.
What Services We Provide
Besides from our main use case being a Mining Pool, we have a variety of other services we intend to provide to protocols and users!
Commissioned witness
>Aids sidechain in completing its verification process, essentially serving as a support mechanism for the sidechain’s transaction validation.
What We’re Working on (Release TBA)
Transaction Speedups
> Spiderpool will enhance the speed of transaction packaging through the mining pool. Which enables transactions to be uploaded to the blockchain with minimal or zero handling fees.
>Serves as a crucial support mechanism for both Consumers, Protocols and sidechain uploads which allows for a smoother and faster transaction process.
Provide support to BTC DeFi Ecosystem
> The BTC obtained from mining in the mining pool are used by miners to provide liquidity for Defi services on the chain while promoting the development of BTC’s Defi ecosystem.
Security Guard
> Identify and flag potentially fraudulent transactions or projects based on market and user feedback. Offering API calls to protocols, users and security audit firms to assess transaction and project risk levels before executing. Hence, prevent certain fraudulent transactions from processing. While also providing secure on-chain transaction services during transactions. After transactions, slot flagged transactions at the bottom of the mining pool.
>Implementing project filtering and packaging to safeguard asset security.
Interested in Finding out more? Come connect with us!
Official Links: https://linktr.ee/spiderpool_com
