Fun

Aethir launches decentralized cloud network on Ethereum mainnet

News Feed - 2024-06-12 10:06:35

Josh O"Sullivan10 hours agoAethir launches decentralized cloud network on Ethereum mainnetAethir’s launch on the Ethereum mainnet brings attention to the role DePINs can play in the future of Web3 and a more decentralized future.6680 Total views17 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAethir, a decentralized physical infrastructure network (DePIN) provider, has announced the launch of its decentralized cloud compute network on Ethereum mainnet. 


Enterprises, data centers, other cloud providers and cryptocurrency mining operators can contribute idle GPU resources to Aethir’s GPU-as-a-service solutions network. 


Co-founder Mark Rydon emphasized the importance of the mainnet launch, saying: “By providing a scalable framework for redistributing idle compute resources, we can empower more innovation in the rapidly evolving domains of AI, ML and cloud gaming. On mainnet, high-quality enterprises can contribute to the Aethir network and increase access to the current supply of GPUs.”


Related:MetaMask enables pooled staking for Ethereum holdersAethir network functionality and encryption


Enterprises and developers will be able to rent compute resources from the Aethir network of providers to help train artificial intelligence (AI) models or render digital content at scale.


Through the native ATH token, Aethir uses Ethereum for its staking capability and Arbitrum (ARB) for fast payments to compute providers and community rewards for checker nodes to enforce quality assurance.


Aethir’s ATH also facilitates network governance, staking processes and the security of DePIN’s ecosystem.


Speaking to Cointelegraph, Rydon explained the encryption controls in place to protect data transmission security:“We use full-channel encryption technology to ensure that only users can transmit and view data during use, and no third party can crack and open it. The encrypted channel will be closed at the end of use to protect the absolute security of user data.”


Related:DePINs are a proven path to crypto mass adoption — XYO co-founderTestnet success, mainnet safety


Aethir’s testnet phase exceeded 500,000 users alongside a $146-million node sale and support from Nvidia, Super Micro, HPE and Foxconn. 


On the topic of how Aethir ensures data security and privacy, Rydon told Cointelegraph:“In terms of network security, such as network access control and anti-DDoS, special hardware firewalls protect data security. The customer is always the owner and user of the data, and the cloud platform ensures its security and confidentiality. This data is secure and confidential not only to external visitors but also to internal visitors.”


Related:Cloud-based app taps into Solana to bring life to old devicesUn-DePIN-ing Web3 architecture


The DePIN narrative continues to circulate in the Web3 space, gaining momentum despite the technology being available for several years. 


Talking about DePIN role in Web3, Rydon said:“DePIN’s architecture itself has good high availability and fault-tolerant basic capabilities. Distributed computing power avoids the problem of service nodes being too centralized, resulting in insufficient single-point service capability and low fault tolerance rate.”


DePINs have the potential to disrupt Big Tech and free the internet, enabling individuals to provide their own labor or resources and be rewarded in micropayments.


Magazine:SocialFi boosts game revenue, Axie Infinity creator wants to ditch Discord: Web3 Gamer# Blockchain# Cryptocurrencies# Decentralization# Ethereum# Technology# Tokens# Enterprise# GPU# DeFiAdd reaction

News Feed

Mega Awakening — Whale Transfers 429 ‘Sleeping Bitcoin’ From 2010 Worth Over $16.8 Million
Mega Awakening — Whale Transfers 429 "Sleeping Bitcoin" From 2010 Worth Over $16.8 Million After tapping a 24-hour high at $42,592 per unit, the price of bitcoin lost the gains i
National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes
National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes National cryptocurrency exchange
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a
Turner Wright3 hours agoCrypto advocacy group pushes back against proposed IRS rules on brokersThe Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or imp
Tristan Greene4 hours agoKresus launches curated marketplace for Polygon projectsThe company also announced the launch of Kresus Connect, a Web3 portal for SuperApp.471 Total views5 Total sharesListen to article 0:00News
Tom Mitchelhill8 hours agoCrypto miner Hive Digital CEO sees AI working in unison with blockchainDespite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can
Starting My Journey Into the Metaverse by Throwing Tomatoes at Zuckerberg’s Face
Starting My Journey Into the Metaverse by Throwing Tomatoes at Zuckerberg’s Face Editor’s Note: The following story was written by Neomi, an author from China with experie
William Suberg7 hours agoBitcoin to $1M post-ETF approval? BTC price predictions diverge wildlyBitcoin ETF excitement is everywhere, but short-timeframe BTC price morale is wearing thin.8644 Total views40 Total sharesLis
CBDCs, stablecoins must ensure liberty-based values — former CFTC chair
Gareth Jenkinson9 hours agoCBDCs, stablecoins must ensure liberty-based values — former CFTC chairJ. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a key
NFT Sales Increased by 34% This Week, Azuki Takes Top Sales, NFT Interest Remains Low
NFT Sales Increased by 34% This Week, Azuki Takes Top Sales, NFT Interest Remains Low Non-fungible token (NFT) sales have increased this week after a small 2.15% drop the week prio
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin This week researchers from the Bank of Canada published the central bank
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum BlockchainAccording to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) cir