NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Kraken Extortion Plot Explodes — Should Traders Continue To Trust Exchanges With Their Personal Data?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Kraken Extortion Plot Explodes — Should Traders Continue To Trust Exchanges With Their Personal Data?

SONM, Supercomputing Made Easy with Blockchain Technology

Gautham
Gautham
Last Updated: October 7, 2020 11:28 am
2 mins read
Genesis Mining

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The constantly increasing need for computing power is driven by the creation, development, and deployment of various processor intensive tasks. In most cases, individuals, businesses, and even academia find it hard to harness increased computing power without making a significant investment in the infrastructure, which could include supercomputers. SONM, a blockchain powered distributed computing platform has a solution that might solve the issue for many.

SONM is a universal fog supercomputer that allows people who are part of the network to contribute unused processing power on their devices and help those who need it. The peer-to-peer network can be used for a range of applications including video, CGI rendering, DNA analysis, complex scientific calculations and even to host websites. Like any other blockchain system, SONM also rewards the community with its namesake cryptotokens for sharing their processing power.

As the platform prepares for launch, SONM has announced the dates for the upcoming ICO involving its Ethereum-based crypto-tokens. The CEO of SONM, Sergey Ponomarev explained the need for such a peer-to-peer fog supercomputing platform by saying,

“Market demand for computing power is rising exponentially across a range of industries. SONM’s unique offering directly responds to this demand by making use of idle standing computing power to solve non-deterministic tasks like hosting websites, the backend for mobile apps, and massively multiplayer online gaming (MMO instances). Any miner with a smartphone or supercomputer cluster can become a part of SONM’s fog network and generate computing power to be used by others.”

The platform is on a mission to redefine cloud computing by bringing in solo miners, private data centers, public clouds and IoT networks into its net. By doing so, the platform not only utilizes idle computing devices but also offers a powerful enough platform to the public for running complex, as well as simple programs and applications.

The SONM fog supercomputing platform makes use of vital BTSync data transmission solution and Yandex’ open source code for decentralized computations to build its network of computational devices capable of performing a diverse range of operations.

Pooled and decentralized computing is not a new thing, the concept has been in use for years now. The University of California’s BOINC (Berkeley Open Infrastructure for Network Computing) project is one example which was introduced years before Bitcoin and blockchain became known to the world. There are other blockchain based distributed computing and storage solutions that are under development, which along with SONM represent a new, yet robust application of blockchain technology for the benefit of masses.

Ref: Media Release | Finance Magnates |Medium |Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana Tightens Range: Breakout Brewing As Correction Nears Completion

Solana is entering a critical phase as price action tightens within a defined range, signaling that a major move could...

Godspower Owie 14 hours ago

Forget All Dogecoin Predictions: This Chart Says DOGE Price Can Surge To $2

Crypto analyst Crypto Patel has predicted that the DOGE price can surge to $2, marking a new all-time high (ATH)...

Scott Matherson 15 hours ago
Iran

Hope For Iran Deal Sparks Risk-On Rally, Bitcoin Nears $75K

A wave of forced liquidations swept through crypto markets on Tuesday as traders who had bet against Bitcoin and Ether...

Christian Encila 17 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Price Has Not Reached Its Real Bottom, And A ‘Big Storm’ Is Coming

Scott Matherson 2 hours ago
OneCoin

OneCoin Scam: DOJ Opens Path For Compensation With $40 Million In Forfeited Assets

Ronaldo Marquez 5 hours ago

Why Every Bitcoin Macro Triangle Breakdown Has Led To A Retracement Phase

Godspower Owie 9 hours ago

Premium Sponsors

Press Releases

  • CreditBlockchain

    CreditBlockchain cloud mining helps users earn up to 0.078...

    2 months ago
  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    3 months ago
  • ChatGPTが分析:2026年の仮想通貨 1000倍候補はどれか

    ChatGPTが分析:2026年の仮想通貨...

    3 months ago
  • 新しい仮想通貨:2026年に注目すべき3銘柄、次に急騰するコインはどれか

    ...

    3 months ago
  • ドージコイン 今後:ミームコイン市場に投機売買が再び戻る

    ドージコイン...

    3 months ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.