In May, the launch of the “King of Heaven” Dfinity project made the entire market hot, returning the market to the underlying facility-distributed computing, and also made many potential distributed computing ready to move.
In this regard, we will think, what are the distributed computing? How about the other?
Because the market is not a dominant one, especially in the blockchain track.
This time, this article will analyze a series of distributed computing projects, such as Dfinity, Cudos, Akash, Golem, Blockstack, Iexec, Ankr, etc., to see how the distributed computing market is divided up?
Cudos: Established Cloud Service Provider Tokenization Transformation
Financing: £10 million
Market value: 30 million US dollars, market ranking: 493
The project was established in 2017 on the public chain (ERC-20 will be migrated in the fourth quarter of 2021). Its vision is to be a cloud computing service provider for Web 3.0. It uses blockchain to tokenize idle computing resources and consume cloud services Providers and suppliers are connected to form a completed closed loop of cloud computing circulation.
Its service form can be understood from Layer 2 and Layer 3:
Layer2 is more focused on the inside of the blockchain system, and Layer3 is more about solving the outside of the chain.
Layer2: Consensus and oracle computing
The core of Layer2 is consensus, transaction, connection bridge and running WASM to run Rust or Solidity language, mainly including Cudos network and oracle solutions;
Cudos network: POS consensus. The Cudos network mainly solves the current scalability problem. It is completed by the verification node CVN. CVN conducts POS consensus by mortgage Cudos, completes calculation tasks, and obtains rewards. The process needs to be scored by indicators: mortgage, reliability, availability, and safety. At the same time, if the work fails due to malicious reasons (non-physical reasons), you will be punished. In its short term, CVN will reach 100 nodes, and 1000 in the future;
Oracle solution: Cudos can support multiple languages and supports preset multiple calculation templates in the network, making it easy for blockchain developers to quickly and easily call third-party data, APIs, etc. In the third quarter of 2021, Cudos will take the lead in providing oracle calculations, allowing smart contracts to obtain external data , and will support mainstream public chains such as Ethereum, Polkadot, and Cosmos in the future.
Layer3: Computing trading platform
The Cudos platform makes it easy to set up and use idle computing resources. It can automatically understand and perform the best workload on the vastly different hardware, so that each hardware can allocate operations reasonably.
The Cudos platform can dispatch suppliers and consumers well. Suppliers include not limited to servers, notebooks, game consoles, IoT devices, mobile devices, etc., suitable for participants with different gradients; consumers support video rendering, university research, and labor Smart, etc., the advertised price will be 75% cheaper than the market, and 30% of the income will go to the Cudos treasury.
At the same time, the Cudos computing service will be layered according to different consumers to meet different workload requirements.
At the same time, Cudos emphasized its support for wakuang solutions and support for users to use computing resources for investment, which became the world’s first wakuang platform that can pay for ALGO.
Cudos pass function
Mortgage credit mechanism : obtain calculation work through mortgage;
Mortgage rewards : verification nodes are rewarded for their contributions to the network (70% of the circulation tokens are inflated by about 8% when they are pledged);
Payment certificate : purchase computing resources through token payment;
Mortgage discount : get a certain preferential discount through mortgage.
Currently, Cudos has started the private testnet stage. A small number of developers participate in the test; in the third quarter, it will move to the public testnet stage; it is expected to be in the fourth quarter. The main net is officially launched.
Cudos was founded in 2017 by C4L, one of the largest cloud computing and data center providers in the UK. Cudos has accumulated a large amount of computing resources, more than 20,000 concurrent devices, and has obtained a stable income of 600,000 US dollars per month in more than three years.
However, its computing power is relatively closed, and there is no obvious data to observe the computing power of the whole network, and it is necessary to apply to become a computing power supplier.
It is estimated that the addition of the blockchain concept is for the generalization of the enterprise, to better expand the scale of investment, and to distribute the income in the form of a certificate.
At present, Cudos has officially entered the blockchain application level from a traditional enterprise , and the project has progressed for nearly 5 years before slowly launching Layer 2 services and the main network.
It has its own computing resources and inherent advantages. At the same time, what impact will its mainnet launch, and whether the computing resources can be directly implemented? Need further observation.
Golem: Abandoned Giant Baby
Financing: 820,000 ETH ($8.2 million at the time); $8.6 million in Series A financing
Market value: 280 million US dollars, market ranking: 117
Golem is a centralized computing power trading network with a scoring system established on Ethereum at the end of 2016, and supports zkSync two-layer payment. Currently supported applications include chess and SLATE.
Golem currently has three roles: computing power provider, computing power demander, and application or microservice.
Computing power provider : it is a provider that lends computing power resources such as CPUs. It is more open than Cudos and does not require a licensing system;
Computing power demander : It will publish the following computing power tasks in the Golem market to attract computing power suppliers to complete;
Applications and microservices: that is, to build applications or provide solutions, such as chess on Golem. Golem and Polygon introduce two-tier payment through zkSync to solve the problem of high gas fees. Golem currently focuses on this area. It believes that only through comprehensive software services can it truly attract the trading of computing power.
Rating system: Its advantage is to check the application, through the verification of the experience of the verifier and the supplier, and whether to manage the black and white list to ensure the safety of users and avoid potential risks for users.
Pass function: payment certificate
Insufficient market incentives and sluggish computing power
Golem itself does not have an incentive system, and can only get benefits through the real network publishing tasks. Its current network scale has only 810 providers, 18,400 CPUs, and 16,000 GLM for 90-day distributed tasks (no more than 30,000 yuan).
Golem’s main focus is on the Golem Beta 1&2 version, community formation and hackathon incentive plan.
Golem Beta 1&2 is mainly aimed at the reduction of the handling fee of the second-tier payment and the market matching function, etc., and there are no major functions; and some bounty hackathons are migrated to Golem, and there are no explosive applications.
In 2019, both Golem Factory CEO Julian Zawistowski and COO will leave the company and join the newly established non-profit project Golem Foundation.
In 2021, after Golem’s mainnet went live, the pace was relatively slow, and it was far from its plan to adopt a white paper for multi-purpose general-purpose computing solutions and integration with the Golem platform.
Golem is currently a relatively well-funded project (820,000 Ethereum is now worth 1.5 billion US dollars). Relatively speaking, the enthusiasm will not be very high, and the progress will be relatively slow.
It attracts applications to join through the program of motivating community volunteers and the bounty program, hoping that the computing power trading market will take advantage of the trend after the ecology is up, which is relatively ideal.
From the above two projects, we can roughly understand that distributed computing is currently at an early stage. What about other projects?
Next, we will share other distributed computing projects.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/what-other-distributed-computing-projects-besides-dfinity-part01/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.