Innovations from Ethernity CLOUD
According to the leading manufacturer of network equipment Cisco, 95% of Internet traffic is routed through cloud data centers. However, 58% of cloud resources are controlled by giants such as Microsoft, Amazon, Google and Alibaba. Ethernity CLOUD recognizes that monopolization is dangerous: a failure in a large data center can make terabytes of user data unavailable.
In response to this, the project team is developing a decentralized ecosystem of confidential Computing, designed to solve this problem. Ethernity CLOUD strives to ensure the protection of user data, uptime at the level of 100%, the ability to earn money by renting computing power and many other unique features. Let's dive into the details of Ethernity CLOUD innovations!
Tasks of the Ethernity CLOUD project:
1. Improving the reliability of cloud computing: Centralized services that store data in large data centers may become vulnerable if the server breaks down. Ethernity CLOUD solves this problem by duplicating data between nodes, which ensures the stability of the cloud when one or more computers fail.
2. Resisting censorship and ensuring user anonymity: Ethernity CLOUD does not have a single control center, which prevents the possibility of censorship and blocking access to resources. Users are not required to provide personal data for hosting using Ethernity CLOUD.
The Ethernity CLOUD project team led by Joseph Peterfi includes engineers, developers and business strategists. Joseph Peterfi, with experience in the US Department of Defense and the creation of virtual dedicated servers, founded Ethernity CLOUD in 2017..
In addition, Ethernity CLOUD is a member of the Confidential Computing Consortium, along with such giants as Alibaba, ARM, IBM, Intel, Google and Microsoft. On the Bloxberg and Polygon blockchains, the network has more than 2000 nodes and more than 1000, respectively.
Differences between Ethernity CLOUD and Centralized Cloud Computing
Centralized cloud services operate as follows:
1. Sending data and instructions: The user transmits encrypted data and instructions to the service.
2. Resource allocation: The service allocates part of the data center capacity for the virtual machine.
3. Decryption and execution: The service decrypts the data, transfers it to the virtual machine, which executes the instructions.
4. Return result: The result is returned to the service, which encrypts it and sends it to the user.
The problem is that the data becomes vulnerable while the VM is running. Ethernity CLOUD solves this problem with the help of a smart contract system:
1. Publication of instructions: The user places instructions in the Ethernity CLOUD blockchain and sends payment to the smart contract.
2. Formation of the enclave: A smart contract creates a secure virtual execution environment from available resources, choosing providers based on ratings.
3. Execution of the task in a secure environment: The Enclave performs the task by decrypting the data, but the owners of the facilities do not have access to them.
4. Getting the result: The user receives the result, confirmation of execution and a list of actions of the virtual machine. Then he confirms the task and gives feedback to the providers.
5. Payment Unblocking: The smart contract unlocks the payment and transfers it to the capacity providers.
⁃ This method provides evidence of honest work, data protection and the ability of the user to control the process. Details of the technology are available in the white paper Ethernity CLOUD.The link to which will be available in the description of the video
C V, [24.11.2023 23:07]
Decentralized hosting and DNS with Ethernity CLOUD
Conventional data centers promise that the servers will work 99% of the time. But even large cloud services, such as Amazon and Google, have failures, as in 2021.
It may seem that a decentralized service will be less reliable: if the user turns off the router, the data on his computer will become inaccessible to the cloud. Ethernity CLOUD solves this problem by duplicating data on different nodes around the world. Thus, the uptime of a decentralized cloud can reach 100%.
To open a website in the cloud, the computer needs the IP address of the server and the route to it. This data is usually obtained from the DNS (Domain Name System) — a kind of phone book for the Internet, which is stored by Internet service providers.
Ethernity CLOUD creates a decentralized DNS that stores data in the bloxberg blockchain. This method protects users from censorship and hacker attacks, including DNS cache poisoning.
• Users will use decentralized DNS with a simple open source tool that Ethernity CLOUD will also release. This will ensure security and reliability when accessing web resources in a decentralized cloud environment.
Project Tokenomics
The maximum issue of the project is 1 billion tokens, which is an excellent indicator in the current market conditions.
The first closed round of ICO was held in September 2021. 30 million tokens were sold at a price of 0.0048, with a total value of $135,000. The round ended with a full salt-out – all available tokens were sold out.
The second round of ICO was held in October 2021. During this period, 50 million tokens were sold at a price of 0.019, which attracted investments in the amount of $ 950,000. And this round also ended with a full salt-out.
The third open round of sales took place in November 2021. 70 million tokens were sold at a price of 0.0506, and $3.5 million was raised during this period.
The listing was announced on November 28, 2023 on the first BitMart exchange
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Topic: Innovations from Ethernity CLOUD (Read 21 times)
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