IAGON: Changing The Clouds

yuki-nee (63)in #cryptocurrency • 6 years ago (edited)

What Is Cloud Computing?

Cloud Computing is a service that allows its users to host websites, do complex computation, and store large and small data on an online server or clouds.

Cloud services is gaining large amount of popularity over the years. It's a fast-growing, billion dollar industry that is expected to expand more in the near future.

Why use Cloud services?

The biggest reason to use clouds as a computation and storage platform is that anyone can use their services without the need to buy, assemble and maintain an expensive and complex server.

Anyone with a pc, laptop, tablet or mobile phone can use clouds. Users can run complex computations on clouds, computations that their own equipment or machines is incapable of. They can also store movies, music, games, pictures or any files on the clouds—small or big. Depending on the service provider you choose, a user can either pay a fee or use it for free.

Why Cloud Computing is expensive

Though some cloud service provider offers free storage service, the amount of space it offers is limited to only a few gigabytes. If a user requires a larger storage capacity then they must pay a monthly or yearly subscription fee, which can be very expensive depending on the plan the user chooses.

The biggest factor why cloud computing is expensive is not just because of the expensive equipment needed to assemble a server nor the cost of maintaining it, rather it's the four giants in the industry that wantend to limit competition like Amazon, Google, Microsoft and IBM. These four giants can easily dictate the prices of their services hence the high fees.

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What is IAGON?

IAGON is an open-sourced platform that offers services like cloud computation and of course cloud storage—similar to services offer by other centralized cloud services providers. Except, much cheaper, more secure, and decentralized.

Being a decentralized platform, IAGON is powered by the blockchain technology. What's more, it also uses Artificial Intelligence (A.I) to interact with the platform's users or help them connect to services or other decentralized applications.

As mentioned earlier IAGON too offers cloud storage service, but unlike other centralized cloud storage service providers, IAGON is a lot safer and secure. This is because the data is spliced and then encrypted using military layer encryption (SHA256) before being stored in the platform.

IAGON is also capable of very complex computations. This is achieved by using all idle computation power of its users devices, like computers, laptops, smart phones, etc. With such capability, IAGON can easily overshadows all competitiors in solving complex computations.

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IAGON Smart Computing Grid and AI-Trackers

IAGON's Smart Computing Grid is the resource allocation grid behind IAGON—comparable to a power grid.

The Smart Computing Grid, manages the computation and storage of the platform. It pretty much manages everything, like CPU and storage allocation, adding unused processing power in the pool and allocating this processing powers to users who needs them, as well as allowing users to earn IAG tokens.

The AI-Tracker is a very complex and multifunctional algorithm— having more than 100 machine algorithm on its belt. The AI- Tracker is also the algorithm that powers the Smart Computing Grid resource allocation system.

Its purpose is to make sure that the nodes are stable, and the CPU and storage dustribution is optimized. AI-Tracker also havr a self-learning capability, ensuring that it will learn and grow as the entire network expands, thus, its capabilities will never be outdated.

IAG Token

IAGON, as a decentralized platform in the blockchain also have its very own token, the IAG. It's a token that can be used to avail of the services the platform have to offer like data storage.

The tokens are rewarded to users that allows the system to use their devices unused processing power. The more process a user perform, the more IAG is rewarded. This way, the miners or users can not only contribute to the community, they also earn money at the same time.

The IAG token, like any other token is tradeable, so users can exchange them to either fiat or other cryptocurrecies. Of course they could also use it to avail of the services on the platform.

Conclusions

IAGON's presence will change and revolutionized the cloud computing and storage services. No longer do we need to be at the mercy of the four giants in the industry. Now, we have a better, cheaper, and more secure option. What's more, unlike centralized cloud services providers, we are also given the option to incentivized on their services—what more could we ask for?

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