Topic: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread - page 24. (Read 57089 times)

Videos
Short introductory video, and another one
10 Minutes Presentation from InsideBTC conference
Detailed introduction to Zennet
Presentation Video on Crowd Computing conference at Almere

Papers
About Zennet article (newer)
RFC (old)
Software Detailed Design
Pricing algo
Auctions draft
Tau-Chain Paper

Presentations
Almere Conference
Inside Bitcoin Conference

UI Mockup can be found at http://www.zennet.sc/xennet-ui/#/

Updates and important information posted here
Economical Aspects
Number of coins
Main design assumption and generation of coins
Draft of pre-sale terms
First pre-sale terms
Moving to a generalized Blockchain

Join our IRC channel #zennet @freenode

Pre-buying coins (currently only privately) by emailing Ohad at [email protected]




Zennet initiative is a public, distributed, and decentralized Supercomputer. It lives in the world of distributed and decentralized Blockchain applications, and in the huge field of Big Data and High Performance Computing. The latter has captured the most attention and investments in the software market over the last few years, experiencing huge growth. HPC and Big Data are used in countless industries, including medicine, government, and marketing. Big Data alone is at least a $30 billion industry this year.

http://zennet.sc/images/infogr/p1.PNGhttp://zennet.sc/images/infogr/p2.jpg


Zennet is here to power this expansion with everyone's computational resources around the globe. Its most significant impacts on this market are drastically reducing costs and bringing new magnitudes of speed to HPC consumers.

http://zennet.sc/images/infogr/p3.PNGhttp://zennet.sc/images/infogr/p4.PNG

Computation power is traded on Zennet's open market platform. Anyone can rent computation power and use it to run arbitrary tasks. Anyone can monetize their hardware by offering unused computation power for sale.    
Zennet allows Publishers who need computation power to run arbitrary computational tasks. Computation power is supplied by Providers for a negotiated fee. A free-market infrastructure brings Publishers and Providers together. Publishers can hire many computers and run whatever they want on them safely, thanks to cutting-edge virtualization technology. Payment is continuous and frictionless, thanks to Blockchain technology, among other technologies that shall be discussed later on.    

http://zennet.sc/images/infogr/p5.jpghttp://zennet.sc/images/infogr/p6.jpg

The network is 100% distributed and decentralized: there is no central entity of any kind, just like Bitcoin. All software will be open source. Publishers pay Providers directly, there is no middleman. Accordingly, there are no payable commissions, except for regular transaction fees which are paid to ZenCoin miners.       
It is a totally free market: all participants are free to pay or charge any rate they want. There are no restrictions. Hence, we put additional focus on customizability. We allow advanced participants to control all parameters and conditions of their nodes in a versatile way. On the other hand, simplicity and automation are made possible by making the client software implement automatic risk-reward considerations by default. In addition, we present a novel pricing model.       
Following is a sketch summarizing the general idea of the communication protocol between publisher A and provider B:        

Zennet presents new economic aspects, both to the traditional economy and to the world of cryptocurrencies. ZenCoin has a real intrinsic value, as it is fully backed by the right to use a certain amount of computation power. Most of the power-calculating resources are in the hands of the common people, and most of the time they are free.

Many questions may naturally arise. The above description is extremely summarized. Please take some time to read the About Xennet article at http://zennet.sc/ It contains an interesting table presenting Xennet's benefits over Amazon Web Services, the largest computational resources rental firm.

Please stay tuned, share your thoughts and check Xennet Bug Bounty Announcement.

In the press (note that we renamed from Xennet due to this):

http://i.imgur.com/0UmDvzL.png http://i.imgur.com/rvpfJoR.png http://i.imgur.com/sgCNbS1.png http://i.imgur.com/QdPKPRS.png http://i.imgur.com/a6WgrFR.png

http://i.imgur.com/1GqZqPc.png http://i.imgur.com/Pzerf7s.png http://i.imgur.com/qMVLT0F.png http://i.imgur.com/wmPwMda.png http://i.imgur.com/3SyUdP2.png

http://i.imgur.com/tfTkELZ.png http://i.imgur.com/xpck9B2.png http://i.imgur.com/Z6Gstx7.png http://i.imgur.com/X1nIg3R.png

Please note that above releases were organic, and did not co-ordinate with us, hence contain some inaccuracies. This thread clarifies most of them.

Partial list of team's LinkedIn profiles (in lexicographic order):
Ohad Asor (CEO/CTO)
Gil Bahr (Creative)
Gil Erlich (R&D)
Ariel Formanovski (R&D)
Ravit Halmut (R&D)
Assaf Kerstin (CFO)
Alon Muroch (R&D)
Lukáš Nový (R&D)
Daniel Peled (Legal)
Yonatan Omer (R&D)
Felicity Perry (Marketing)
Ofer Rotem (Capital)

Special credit to HunterMinerCrafter for advising widely to the project and for showing us new paths toward verifiable computing. His contribution is very appreciated.

Sincerely,
The Zennet Team.