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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • 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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

SONM, Supercomputing Made Easy with Blockchain Technology

Gautham
Gautham
4 years ago
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

Bitcoin

Bitcoin Network Activity Hits New 2025 Peak — What This Means For Price

The price of Bitcoin has had a mixed performance over the past week, falling beneath the $115,000 mark at the...

Opeyemi Sule 9 hours ago
X

X Blows The Lid Off Bribe Scandal In Crypto Account Restorations

The Elon Musk-owned X social media platform has gone public with claims that a bribery network tried to pay its...

Christian Encila 16 hours ago
Bitcoin price

Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation

On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal...

Opeyemi Sule 16 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 Tests Weekly Open As $113,300 Fair Value Gap Looms — What It Means

Semilore Faleti 3 hours ago
Chainlink

Chainlink Bulls Eye $30 Target But Must First Overcome Crucial Resistance

Semilore Faleti 6 hours ago
Litecoin

Litecoin Price Compresses In Tight Falling Wedge, Breakout Ahead?

Godspower Owie 8 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    17 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Cele mai bune altcoin-uri de cumpărat, pe măsură ce...

    18 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Cele mai bune meme coin-uri de cumpărat acum, pe măsură...

    18 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Nejlepší meme coiny k nákupu nyní, když se tržní...

    18 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Nejlepší altcoiny k nákupu, když se cena Solany...

    19 hours 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.