HiveNet
HiveNet is a distributed cloud computing network, which enables computer owners anywhere in the world to securely rent out their idle computing resources to paying customers.
Contents
Concept
HiveNet is a distributed cloud computing network, which enables computer owners anywhere in the world to securely rent out their idle computing resources for an income. Customers pay for these computing resources to perform their valuable tasks (e.g. big data analysis or complex calculations, like weather forecasting). Customer payments are forwarded to computer owners in fast and secure micro transactions of HiveCoins via the HiveNet Blockchain. HiveNet employs several measures to easily cash-out HiveCoin earnings, e.g. a HiveNet debit card. Allocation of tasks and validation of results are performed through an artificial intelligence, which ensures high efficiency and prevents fraudulent behavior. HiveNet thereby plans to close the allocation gap between poorly used individual computers and the huge computing demand of commercial cloud customers.
HiveNet alpha version
The HiveNet alpha version was released on 04.03.2020 (see here for press release: press release)
It includes the following features:
- customer tasks are distributed to providers anywhere around the world
- tasks are decentrally computed on provider computers
- customers receive the results of their finished tasks
- providers are rewarded with test coins
- test coins are delivered via a dedicated blockchain
Blockchain
The HiveNet Blockchain is a dedicated blockchain that will be optimized specifically for the HiveNet. It builds upon Parity Substrate and will employ a Proof-of-Stake consensus mechanism.
HiveNet GmbH
HiveNet is developed by the HiveNet GmbH, a corporation legally registered in Munich, Germany.