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Since the creation of bitcoin and the introduction of the algorithm "Proof of Work" (POW), many have worried about the massive use of power and energy calculation and their negative side effects. Currently, cloud computing is expected to be a multi-billion dollar market, but it is monopolized by some of the world's largest technology conglomerates. Only giants like Amazon Web Services and Google Cloud can afford the high cost of human capital and the upfront costs of servers to carry out a successful cloud operation around the world. However, the companies mentioned above tend to charge the customer a higher cost margin.
New developments in blockchain technology are aimed at solving these problems by improving the efficiency and effectiveness of cloud computing. Innovative solution to this problem of computer and consumer, Ankr Network brings the benefits of decentralization to cloud computing and balances the value between buyers and sellers via crypto economy, Oracle service and IT distributed.
Ankr Network
Ankr Network innovative platform, which aims to create a resource-efficient blockchain architecture for a distributed cloud computing system and an easy-to-use infrastructure for building business applications. Ankr is the first cloud computing solution to exploit both the blockchain and trusted hardware of Intel SGX processors. The SGX hardware will enable application developers to protect data from unauthorized access and changes and to preserve the confidentiality and integrity of the information.
Technical Solutions:
- Proof of a Consensus Algorithm (PoUW)
- Cloud Computing (DCC)
- Oracle Integrated Service
- Structural Support for Side Chains
The Consensus Looks Like to this:
Anrk updates his exploitation with his consensus "Proof of Useful Work" (PoUW), which provides a sustainable block structure. Specifically, PoUW directs the power and computing capacity that has been used on hashes in POW algorithms such as Bitcoin for processing tasks provided by businesses and consumers on the blockchain. Therefore, it can be said that Ankr improves the extraction to a higher level, which allows the equipment holders to receive a financial incentive for the creation of blocks and the processing of real tasks.
the nodes on the blockchain require:
1) that the tasks performed to solve the problems are in fact a quantifiable work;
2) that the processing of these tasks provides a form of value to any part of the network
The network seems capable of achieving this standard of excellence. Alternatively, existing prisoners of war in networks such as Bitcoin and Ethereum do not reach the first point – nodes use computational power and energy to prove that work has been done (but such amount work is wasted without any use). limitation in bitcoin and Ethereum by including a second point in its consensus algorithm, thus doing all the work done by nodes directed on the processing of tasks that could bring a utility added value to the participants of the network.
Ethereum treats all smart contracts on a string in a serial sequence, which hinders throughput and greatly reduces usability, especially when there are contracts important with complex data on the chain. Plasma is a protocol for solving the problem of scalability by building a tree of block strings, where different application strings (Child or Plasma Strings) are connected to a single root string (Main String). Plasma chains can allow applications to manage their specific smart contracts transactions on side chains, balancing potential network overheads.
The efficiency of the main chain can be considerably improved by performing a number of main chain transactions to the plasma chains, especially if appropriate incentives are given to the plasma operators. Currently, Oracle solutions exist separately from the blockchain framework and their compatibility is limited. Ankr provides a user-friendly Universal Application Programming Interface (API) for each child channel to connect to the entities in the chain. Existing businesses can create decentralized stand-alone applications on the child chain with powerful computing power and a native data flow service provided by the backbone.
The NOS (Native Oracle) service provides an authenticated data stream using both cryptographic primitives and a secure execution environment (TEE). With a standardized API for transferring data from existing data sources such as websites, NOS enables customers to simplify their real-world activities. Basically, this means that blockchain can allow the integration of intelligent contracts with data sources via a protected gateway
Intel SGX
Intel SGX (Software Guard Extensions) is a new set of instructions allowing the execution of an application in an enclave material, which protects the integrity and confidentiality of the application against certain forms of hardware and software attacks, including the systems d & # 39; Hostile exploitation. This reduces the barriers to entry for minors and ensures security and confidentiality.
Cloud Computing Platform (DCC)
As Internet technology advances, huge amounts of data have been created. However, most of this data is neither organized nor relevant to each other. The processing of data in a serial sequence (traditional blockchain) becomes less efficient in resources and can not be tolerated by the speed of business development.
Ankr overcomes these shortcomings through its DDC platform, which enables P2P transactions. The miners will provide their computing power to support the blockchain, as well as the excess energy for cloud computing calculations.
A P2P network allows application owners and individual users (ie, seekers) to rent computer energy to other users. Currently, cloud computing resources in popular blockchain networks such as bitcoin or Ethereum are exclusively controlled by centralized cloud service providers and are subject to rigid business models. A decentralized cloud computing platform can integrate a blockchain-based payment system, which can enable direct payment between operators (applicants), vendors (vendors) and software developers.
Now we'll cover what the others
Golem
Golem users are only encouraged for cloud computing and Golem uses third party computer containers like Docker.
SONM
This project is very similar to Golem, but with a different field of application. Golem is focused on rendering, but SONM is focused on the adoption of existing architectures (currently hosting server).
IExec
This project is also similar to Golem and SONM, but its application is focused on decentralized cloud computing. applications.
In comparison with the above projects, Ankr users have different incentives that come from mining, transaction (or intelligent contract) and cloud computing. In addition, Ankr does not use third-party platforms for computing power; In my opinion, another limitation of Golem, SONM and IExec is that they based their development on traditional computer architectures, which are used in data centers, thus limiting their potential. computing power and scope of tasks. The reason is that the datacenter architecture works on a technical parameter, which is not optimal for distributed computing where the topology of each device changes frequently and causes costly data transfer overhead and decreases. the stability of the network. Ankr technology helps to overcome these limitations, resulting in greater applicability and scope of their network.
Overall, if the Ankr network team can create a network that uses PoUW to reach a consensus by applying all the computing energy to a useful use. wasting it, then cloud services like Amazon Web, Google Cloud and Microsoft Azure are likely to face serious competition soon.
Featured image published with the kind permission of Shutterstock.
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