Ethernity CLOUD, founded in 2017, is a decentralized confidential computing network powered by smart contracts. Ethernity CLOUD is working toward a secure future for cloud computing. Central to its mission is decentralized confidential computing.
Cloud computing allows people to store information remotely on a centralized server. While convenient and hassle-free, information on cloud computing servers is not fully protected against hackers during processing.
This is essentially the Achilles heel of the industry and something like that CLOUD of Eternity is working to solve the decentralization of cloud computing with the help of blockchain technology.
Ethernity Cloud White Paper looks at various challenges that exist when trying to build a fully decentralized cloud infrastructure.
He goes on to say that the solution must provide similar performance and scalability, while maintaining the ongoing availability, privacy, anonymity, and integrity of the software.
Ethernity CLOUD used blockchain technology to create a decentralized ecosystem that enables traditional cloud software to function as decentralized cloud-based applications or dApps.
project’s mission is to ensure that the ecosystem exists in the long term and is sustainable. To achieve this mission, Ethernity CLOUD has several incentive mechanisms at the smart contract level, to facilitate growth and use within the ecosystem.
Confidential information technology
CLOUD of Eternity vision of the future of cloud computing has four essential characteristics: decentralized, private, anonymous and continuous availability.
png »alt =» »width =» 1600 ″ height = »623 ″ class =» amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined »layout =» intrinsic »i- amphtml-layout = »intrinsic»> cryptoshitcompra.com/wp-content/uploads/2021/09/Ethernity-CLOUD-informatics-security-en-la-cloud-guaranteed.png »alt =» »width =» 1600 ″ height = »623 ″ class =» »/>
Ethernity CLOUD is a decentralized cloud computing network with its embedded roots in confidentiality, backed by smart contracts.
Special hardware ensures confidential processing by leveraging the use of Trusted Execution Environment (TEE) technology.
Ethernity CLOUD team is creating an ecosystem where users’ right to privacy and integrity is fully protected. Using blockchain technology, user data is protected within the ecosystem, with the help of smart contracts.
Read also BIC video news program: Decentraland (MANA)
Within the ecosystem, users can perform cloud computing activities through a decentralized network while maintaining complete control over the confidentiality and transparency of the data and the reproducibility of the process.
project encourages developers and service providers to turn the network into a fair ecosystem. Overall, the ecosystem will evolve through next-generation developers and dApps that operate at the native speed of the cloud.
Additionally, Ethernity CLOUD is a member of the Confidential Computing Consortium (CCC). It is a “community focused on projects that protect data in use and accelerate the adoption of confidential computing through open collaboration.”
CCC brings together hardware vendors, cloud service providers, and software developers to accelerate the adoption of TEE technologies and standards. Ethernity CLOUD is also associated with Bank of Memories, Bloxberg, and the Institute for Internet Security.
Circular economy and cloud computing
Ethernity CLOUD enables users to monetize their inert computing power by adding it to the decentralized ecosystem. decentralized aspect of the ecosystem will essentially contribute to the diversification of the cloud computing market and help reduce operating costs.
ETNY is Ethernity CLOUD’s native ERC-20 utility token, with a total supply of 1 billion. Ethernity CLOUD’s goal of creating a sustainable circular economy caral where users are cloud computing service providers, developers, or consumers is getting closer to reality.
ETNY Token pre-sale, held in June 2021, was a huge success with 90% of its available tokens sold out in 9 hours. At the beginning of the next day, the remaining 10% sold out, raising a total of $ 200,000 USD.
Token holders will be able to exchange value for computing power. This means that service providers can rent their additional processing power in exchange for ETNY tokens.
Also read 8 cryptocurrency mining apps exposed as fake
solutions that NUBE from Ethernity leads to the cloud computing industry are:
- Encourage network operators to maintain data integrity and confidentiality.
- Allow users to encrypt data and define tasks programmatically
- decentralized architecture enables wide adoption and reduces barriers to becoming a network operator.
- Purchase and sale of computing resources: CPU with TEE, Memory
- Buy and sell bandwidth
- Storage buying and selling: chain, off-chain, internal, external
- Processing Fee: Ethernity CLOUD develops and delivers a smart contract that performs token exchange between data owners (buyers, network users), network operators (providers, data processors), and dApp developers. processing fee varies depending on the price of the service and the qualification of the network operator, as well as the developer’s fee.
- Staking: network operators are encouraged by their willingness to propose new activities by data owners.
- Settlements: Additional fees may apply during the execution of activities, depending on how the activities are carried out, especially if the activities themselves use blockchain or third-party tokens and / or cross-chain bridges for unauthorized chains.
Token value proposition
fairness and integrity of the project ecosystem is maintained through smart contracts using the layered transaction process of the blockchain. se transactions define short and long term tasks / services.
ETNY acquires the following securities:
- Computing power: CPU with reserved processing functions
- Off-chain storage
- Decentralized DNS services
- Data owner
- A network operator (miner)
- Concerned parties
- Monitor / slasher
Transition to Ethernity CLOUD
Decentralized cloud applications running on Ethernity CLOUD are built on normal cloud applications and software. Ethernity CLOUD is committed to making the transition to the decentralized cloud as seamless as possible for business users of cloud computing, as well as developers and enthusiasts.
Read also Ethereum explodes at its highest point since May
Stay up-to-date with Ethernity CLOUD here: GitHub | Discord | Reddit | Facebook | Twitter | Instagram | to | LinkedIn | Website |
All information on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is strictly at your own risk.