Nowadays, the traditional economy and the digital economy has been exposed to innovative and exciting technologies that promise a more decentralized, secure, plus fast network for users. In this article, I have included most of the main players in this developing market.
1 . Golem
Golem is an open-source, decentralized computer network.
How Golem Will work
The Golem Network is a market for computing tether, where users can earn from ‘renting’ their units or by developing and selling software.
Within the market, users renting computing power are called “providers” and clients acquiring power are called “requestors. ” The requestors make Golem for various purposes, including graphics processing, facts analysis, microservices, and machine learning.
The work dividing means that tasks can be completed simultaneously, thus enabling short timelines for projects.
The cost of doing business is less than cloud-based providers.
Users can be instantly paid for their work with the Golem Network Token (GTM), a token on Ethereum blockchain.
Golem is building their whole stack from bottom that will top, an approach that typically results in great UXs.
two . iExec
IExec is a decentralized marketplace for cloud companies focused on blockchain-based distributed applications and affordable, high-performance work.
Unlike Golem, iExec (since the release with its v1) allows anyone to develop and run computer software.
The iExecc Dapp store contains a variety of apps. Along with the experienced team behind iExec, their reason to choose the Dapp pathway is that there’s probably less competition here. Just after establishing themselves in the decentralized Dapp market, iExec blueprints on expanding into decentralized computing tasks.
RLC is short for ‘Runs on Lots of Computers, ‘ and it’s the exact native token of iExec. There are currently 87 trillion of the ERC-20 token in circulation.
Ethereum is an open-source, blockchain-based platform that enables users to build decentralized applications. The computations are performed in an isolated ecosystem called Ethereum Virtual Machine that resides in all computer connected on the network. The product of the computations is placed on the blockchain.
Features of the Ethereum Blockchain
Azure is the currency of the Ethereum blockchain. The cryptocurrencies ETH (Ethereum Hard Fork) and ETC (Ethereum Classic) will be two values of Ether.
The EVM is capable of executing a “smart contact, ” developed that stores and automatically executes terms of arrangements. Both parties involved in a transaction agree to the terms penned in the smart contract.