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

Stobox Offers a Better Way To Make Money in Crypto Than DeFi. Invest Like the Rich 
Stobox Offers a Better Way To Make Money in Crypto Than DeFi. Invest Like the Rich  PRESS RELEASE. DeFi is a risky investment. It can deliver huge returns &ndas
NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase
NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coin
Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years
Jed McCaleb"s "Tacostand" XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years Last month, it was reported that the co-founder of Ripple,
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed acco
Brayden Lindrea7 hours agoLido assures LDO, stETH tokens remain safe despite flaw in token contractThe “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the
Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’
Report: Bitcoin Untied from the Economic Cycle, "Largely Uncorrelated to Other Asset Classes"On Tuesday, Coinshares Investment strategist James Butterfill published a report which s
What’s Behind Bitcoin And Ethereum’s Exchange Exodus? Record-Low Reserves Could Hold The Key
Este artículo también está disponible en español. Crypto investors are not keen on dealing with cryptocurrency trading platforms, which has resulted in the dwindling exch
Trade Minister Expects Russia to Legalize Cryptocurrency
Trade Minister Expects Russia to Legalize Cryptocurrency Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this wil
Microsoft Stock Blows Away Critics With Huge Buyback Plan
Quick, guess the world"s most valuable company? Apple, Facebook, Google? It"s none of those. Instead, Microsoft has claimed the title. The software giant is now worth $1.1 trillion, narrowly edging out Apple for the top
Crypto hacks surge to $2.1B in 2024, CeFi hit hardest — Cyvers
Derek Andersen8 hours agoCrypto hacks surge to $2.1B in 2024, CeFi hit hardest — CyversThreats like AI-driven attacks and quantum computing vulnerabilities need to be addressed with real-time monitoring and solid reg
Why Litecoin Won’t Break Out—Analytics Firm Reveals the Cause
Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has explained the reason why Litecoin has been stuck inside the $90 to $13
Square Enix Contemplates ‘Robust Entry’ Into Blockchain Games as Part of Business Strategy
Square Enix Contemplates "Robust Entry" Into Blockchain Games as Part of Business Strategy Square Enix, one of the biggest developers and publishers in the gaming world, has acknow