Today, we will explore another interesting DeFi Project (Decentralized Finance: Open Source Financial Ecosystem) known as "Ethernity CLOUD".
"Ethernity CLOUD" develops and seeks to offer a cloud computing platform oriented as much as possible to privacy, anonymity and availability. And of course, using as much as possible infrastructure software built on open source services, technologies and standards.
And as usual, before going fully into today's topic we will leave for those interested in exploring some of our latest previous related posts with the theme DeFi (Decentralized Finance: Open Source Financial Ecosystem), the following links to them. So that they can click quickly if necessary, after finishing reading this publication:
Table of Contents
Ethernity CLOUD: Cloud computing with privacy and anonymity
What is Ethernity CLOUD?
According to Official website de "Ethernity CLOUD", it is described as:
"A decentralized cloud computing platform built for privacy, anonymity, and availability. Our vision for the future of the cloud has three imperative characteristics: encryption, anonymity, and continuous availability. Leveraging blockchain technology, our mission is to develop a decentralized ecosystem that enables normal cloud software to run as decentralized cloud applications. Within the Ethernity CLOUD, nodes are location-agnostic, self-replicating, and constantly spawned over the Internet without user interaction, exactly as defined in the Ethereum-compliant smart contract."
In simpler words, "Ethernity CLOUD" promises high security, good data confidentiality and high availability of use of the platform. Therefore, it is one of the few existing platforms of its kind that aim to take advantage of blockchain technology to solve and improve existing problems with legacy cloud computing networks. While, in turn, it offers network participants a reliable mechanism of earning passive income with minimal investment.
The developers of this DeFi Project seek to offer a cloud computing platform that:
- Is based on blockchain and open source technologies.
- Offer a inactivity time practically nil, thanks to its compatibility with the immutable Ethereum network.
- Establish a business model in which network participants can earn steady and considerable income by renting their unused hardware to users who need cloud computing services.
Consequently on the last point, said platform establishes two types of essential users:
- The clients: Those who are looking for a reliable and secure platform of cloud computing services.
- Service providers: Those who can rent their hardware to the Ethernity platform.
And in case of wanting Learn more on topics related to Cloud Computing and Decentralized Applications We recommend reading the following previous entries related to these topics:
In summary, "Ethernity CLOUD" is a DeFi Project more of the many that there are and arise every day. But that stands out for its interesting technological benefits and services offered and the possibility of monetize hardware leftover or inactive on the cloud. In addition, if successful it could eliminate the role of intermediary performed by conventional cloud computing companies. Thus achieving the goal guarantee the confidentiality and sovereignty of data to its user base in all respects.
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