Supercomputer Organized by Network Mining (SONM): Next Big Thing in Blockchain?
Supercomputer Organized by Network Mining (SONM) has appeared across social media in recent days. That’s because the initial coin offering takes place in just twelve days.
“SONM is a decentralized worldwide fog supercomputer for general purpose computing from site hosting to scientific calculations. SONM company is an effective way to solve a worldwide problem - creating a multi-purpose decentralized computational power market,” explains the project in its whitepaper. “Unlike widespread centralized cloud services, SONM project implements a fog computing structure – a decentralized pool of devices, all of which are connected to the internet (IoT / Internet of Everything). IoT/IoE, as an important part of the available computational power in the world, is one of the key directions of work for the SONM project. We use cost-efficient fog computing instead of a costly cloud structure, so there is no more need to pay in advance for private and monopolized cloud computing such as with Amazon, Microsoft, Google Cloud, etc.”
SONM is a top layer of peer-to-peer technology BTSync for data transfer, Cocaine open source PaaS as a decentralized computing platform and Ethereum Smart Contracts as a consensus system.
SONM was presented at Consensus 2017 in New York this past week, which was swiftly followed up by a barrage of advertisements on social media thereafter.
SONM employs something it calls “fog” computing, which the project explains in its white paper.
“Fog computing or fog networking, also known as fogging, is an architecture that uses one or more collaborative multitude of end-user clients or near-user edge devices to carry out a substantial amount of storage (rather than stored primarily in cloud data centers), communication (rather than routed over the internet backbone), control, configuration, measurement and management (rather than controlled primarily by network gateways such as those in the LTEcore network),” reads the projects white paper.
“One of the most prominent use cases for fog computing is hosting websites,” SONM explains. “Although a lot of people may argue there are plenty of ways to host a website already, fog computing does this a bit differently. Under the traditional services banner, one would buy a hosting package and computational resources from a centralized provider.”
It adds: “Thanks to fog technology, all of these concerns can be alleviated without friction. In fact, everyone who is using the alpha version of the SONM platform can host their own website and switch over to a decentralized solution with ease. It is an option well worth checking out. Moreover, small businesses can benefit from this offering as well. SONM also aims to cater toward large ventures, who can make use of a custom decentralized API.”
SNM will be distributed with a bonus schedule.
The ICO for SNM, which will be limited to 165,680,000 coins. The timeframe for the ICO is June 15 to July 15. There will be pre-ICO tokens available.