IAGON Blockchain Cloud Computing & Mining Overview

I always thought that Blockchain could be used to run Cloud applications, and to use the collective computing power of people from all around the world to create a virtual Supercomputer anyone can use for a small fee. There have been many attempts to do this in the past with varied degrees of success. IAGON takes the idea and builds upon it.

IAGON's Cloud Computing

The use cases are endless, from AI and to Face-recognition to traditional web hosting. IAGON services can be used for anything that requires computer to process, transfer and/or store information.

https://www.iagon.com/

By now, there are many big companies that offer cloud computing services including Amazon & Google. But there are security & privacy concerns that make decentralized systems appealing in comparison. Having all the information at one centralized place leaves it subject to spying, hacking or worse.

Blockchain technology encrypts the data & spreads it across different end points, even if one or few of these computers are attacked, the attacker will only get useless data as no computer holds the complete information. But IAGON isn't the first to use Blockchain for cloud computing. IAGON's main selling point is that it uses Tangle, which is more of a web of irremovable nodes, and machine learning AI to spread the information and encrypt it.

Secure Lake technology ensures that even when information systems are breached in any way, the data and files that they use cannot be accessed, deleted or modified in any way.

This system assures more security, while keeping the costs of maintaining the computing power lower. There are some services already adopted IAGON like IMMVRSE for example.

For more information about the workings of IAGON,
check the whitepaper.
They also have STEEM account: @official.iagon

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Mining IAGON

Unlike Bitcoin and many other Cryptocurrencies, with IAGON no computing power gets wasted. The mining application is actually computing the data of the system's users.

IAGON's Proof of Variance mining allows the weaker computers to mine and get relative amount of profit, as it classifies miners into classes & each miner competes in its own class.

I tried to take part in mining program, and I found that there are some requirements to start. First you'll need to have an account at IAGON main website, then you'll need to take Mining Application , the places are limited so they accept users on "first come first serve" basis. Then you'll need to download the mining application, I believe the latest releases will always be on Github.

After opening the miner, you can offer your spare Storage to store files for the cloud, or your spare CPU computation power for the. If you want to choose the latter you first need Docker installed on your system, I hoped that IAGON miner had the feature built-in though.

I think that Blockchain technologies should have the product before the coin, so I'm glad they have the Miner Application for users to test IAGON system before buying the tokens.

IAGON's Initial Coin Offering

By the time of this post writing, the ICO is still going on. To participate you need to provide your personal information to their KYC. It seems it accepts all the world's countries other than USA (I believe.) You need to verify your identity before the platform allows you to buy (for me in Libya, they needed a scan of my passport.)

The lowest amount they take is 0.1 Ethereum, and for simplicity they have pegged their ETH rate to $1000. Which confused me at first, but I kind of understand now.

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This is an entry to @OriginalWorks contest (Link) All information is what I have understood from exploring IAGON's main website & reading about the coin. This post only contains my opinions, if I'm wrong on anything posted here please tell me, I'm willing to learn.