Kumo
Contents
Description
The Kumo network will provide low latency access to a large number of nodes. Miners will be incentivized through the fee structure to run quality hardware and services. This will give users access to bulk commodity infrastructure through allowing miners of all types to parcticipate.
ICO start date: 2017-10-01
Concept
Kumo nodes will be responsible for both running jobs submitted by users as well as maintaining the blockchain of transactions. Nodes will collect fees for executing user jobs as well as transaction fees for exchanging KMC between peers.Clients will be responsible for submitting function executions to nodes, specifying the fee they are willing to pay per compute hour (KMC/hour) with scalar cost based on resources required (RAM, CPU).API for users to submit their functionsRobust community driven ecosystem economically incentivised to provide SaaS, PaaS, and other developer centric applications via Kumo.There is no authentication mechanism, no billing mechenism — everything is pay as you go and getting started is as easy as downloading our CLI tool and having a Docker image and some KMC.
More information in the project whitepaper: https://www.kumocoin.com/concept.pdf