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A decentralized cloud ecosystem built on accessibility, efficiency and trust.
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ComputeCoin is the incentive layer built on top of Pekka, a geo-distributed computing platform designed to address major cloud industry issues such as escalating costs and data privacy concerns. The utility token enables the Pekka community to share computing power and mine cryptocurrencies while building trust in the network through a new consensus algorithm, known as ‘proof of honesty’ ( PoH).
The project is poised to push the boundaries of distributed cloud computing by propelling the industry into a new era defined by community governance, transparency and trust.
ComputeCoin PoH’s patented consensus algorithm makes the sharing economy business model sustainable in the cloud service industry. It solves the “verifiable computer problem,” a dilemma that has stuck in the computing field for decades.
Previously, distributed cloud network users had no way of validating the results of outsourced IT tasks. PoH provides users with a seamless method to assess the validity of calculation results.
The decentralized cloud computing ecosystem is home to a global community of enterprises (SMEs); computing power providers, including individuals and data centers; minors; and developers. Small businesses that need robust cloud computing services at a more affordable price than AWS, Google, or Azure can use ComputeCoins to lease computing power from vendors around the world.
The providers, in turn, earn ComputeCoins simply by listing their computers in the Marketplace. They can earn more rewards the longer their machines stay listed and the more they contribute to market power. They will also receive ComputeCoins for each computing task performed by their machine (s).
Computer energy providers and miners can use their machine (s) to mine multiple cryptocurrencies simultaneously, including ComputeCoin. Normally, a single computer can only mine one cryptocurrency at a time.
Finally, developers can earn ComputeCoin by adding to Pekka’s wealth of cloud services, which range from 3D rendering to machine learning and more.
ComputeCoin is currently raising capital through a private placement.
SOURCE ComputeCoin
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