CRYPTOVIONA: HiveNet

HiveNet

Cloud computing in the modern world

Blockchain has changed the internet. This new and ingenious innovation allows blocks of information and data to be disseminated in the ledger without the involvement of the central authority, but with the basic need that the information must be approved by members. This makes information open and safe. Blockchain innovation can be used for a preferred position in distributed cloud computing which is the reason why the HIVENET project has adopted the use of blockchain in its new project.

Blockchain technology is probably the best development at the moment. You will find about advances or digital currencies. This is possible given the blockchain innovation. In this article, I will initially understand what blockchain innovation is and how it functions and after that I will see how we can connect cloud computing with blockchain innovation which is the main reason for the adoption of blockchain technology in the HIVENET cloud computing project

One of the most disturbing developments, which is rapidly advancing, is the use of blockchain innovation in distributed / cloud computing. Many organizations use distributed storage and benefit from cloud computing innovation. At the point when the ability of the blockchain is added to the mix, the results might disrupt and change the entire industrial area.

Digital money, made with blockchain innovation, accumulates a large portion of media considerations. In each case, the practical aspects of blockchain innovation in distributed computing are far more important with respect to the ability to change large amounts of data processing and narrative control in a way that is financially effective and increasingly secure.

HiveNet is a Distributed Cloud Computing Network, which connects computers around the world to perform valuable computing tasks. Can you imagine your computer making money while you sleep?

HiveNet turns your computer's idle time into income!

During this time, your computer's power is leased safely to paying customers who do the calculations (e.g. Scientific research, weather forecasts, big data analysis).

Manifest HiveNet

Computer Owner

How many hours a day do you actually use your computer?

Just imagine that your computer is profitable for the rest of the day. HiveNet makes it possible by giving valuable computing tasks to pay customers to your computer.

All you need is a computer with an internet connection.

Customer

HiveNet is much cheaper than traditional cloud computing. How? Because many important cost levers that apply to traditional providers (eg Amazon Web Services) do not apply to HiveNet, because they use the available computer idle time. So, there is no need to invest in new computers, housing and many other operational costs.

Crypto Trader

HiveNet has an inherent cryptocurrency: HiveCoin. HiveCoins is used to pay for computing power in HiveNet. With this, ongoing demand for HiveCoins is ensured and will create one of the few cryptocurrency with real and fundamental value, which provides excellent short-term and long-term opportunities for traders.

Nature

HiveNet increases the use of available computers. Thus less resources are consumed to build new computers and less electronic waste is created.

Also, HiveNet Blockchain uses a very economical Proof-of-Stake consensus mechanism, which saves more resources than most available blockchain.

How it works

HiveNet

User Clients

The HiveNet User Client is a user-friendly tool and includes a compute, blockchain and wallet software module. This enables easy and user-friendly handling without the need for in-depth technological knowledge.

HiveNet Blockchain

The HiveNet Blockchain is secured very efficiently

Stake Evidence consensus mechanism. This is specifically optimized for HiveNet and combines high security with fast transactions.

HiveNet Task Management System

HTMS is the core technology of HiveNet's decentralized cloud computing network. This ensures optimal orchestration of customer tasks, secure validation of computing results and fair payment from the computer owner.

Hyperledger is a kind of blockchain innovation that develops as an open source application where duplicate distribution of indistinguishable blockchain records makes it increasingly difficult to control information in an unapproved way. Decentralized record keeping through the use of peer-to-peer systems made a strong impression trail.

With the HIVENET cloud computing network, these records can be distributed in the cloud and duplicates that cannot be distinguished, or their bits, can be stored by different parties for review. In contrast to digital money, there is no need or desire for confidentiality of hyper note clients. To be honest, an explicit hyper record application can have limited settings from approved clients which are all known by the central authority.

The advantage of the HIVENET cloud computing network is that it connects computers throughout the world to carry out valuable computing tasks. With HIVENET, users and owners can easily earn money while still sleeping by renting it out to users who prefer to use it for scientific research

HIVENET cloud computing is cheaper than traditional and local cloud computing. Just as we already know about cloud computing platforms such as amazon that charge very high rates, HIVENET rates are very low compared to other traditional platforms.

Consolidating blockchain innovation with cloud computing HIVENET creates many opportunities for progressively proficient management of important matters.

For example, moving to cloud computing innovations that deal with hyper record frameworks will greatly improve the system currently in use, which currently takes three to six days to process. With the HIVENET cloud computing network of hyper record blockers, this exchange can occur in microseconds.

HIVENET has developed and introduced its own blockchain that is safer and designed with a very efficient Evidence of Ownership consensus compared to other traditional networks. This helps increase the speed and security of cloud computing

Point-to-point encryption helps maintain information security while on the go and while away. Block transactions is a secure method to help safeguard exchange information and order transactions. The strong P2P spread of duplicates that cannot be distinguished from blockchain through a distributed computing system includes a third layer of security.

Hoarding of information that is spread out is better than the plan to hoard a solitary point of information which has a higher danger of information breaking. The information notes are broken up into encoded parts and after these pieces are stored in different hubs, maybe in many countries.

The benefits

Computer Owner

How many hours per day do you really use your computer? Just imagine that your computer is profitable for the rest of the day. HiveNet makes it possible by giving valuable computing tasks to pay customers to your computer. All you need is a computer with an internet connection.

Customer

Crypto Trader

Nature

HiveNet increases the use of available computers. Thus less resources are consumed to build new computers and less electronic waste is created. Also, HiveNet Blockchain uses a very economical Proof-of-Stake consensus mechanism, which saves more resources than most available blockchain.