Canaan is a developer and manufacturer of advanced computing equipment, specializing in blockchain technology. The company produces supercomputing chips and offers digital blockchain solutions, including the design and supply of hardware and software systems. Canaan's primary revenue comes from the sales of Bitcoin mining machines and their components, which are marketed globally. By focusing on the production of efficient ASIC chips, the company aims to meet the growing demand for blockchain computing solutions in the digital currency sector.
Proof of Existence is an online notary public service that allows its users to upload digital documents and get them verified by the blockchain without exposing the content. The service is recommended for people with legal training and licensed by the state to authenticate the signing of documents. It uses a distributed computing network to transfer the virtual currency from computer to computer. The benefits of Proof of Existence include anonymity, privacy, and getting a decentralized proof, which cannot be erased or modified by third parties or governments.
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