HiveNet connects personal and commercial computers to build a global distributed cloud computing network

Uncategorized 5 Minutes

Introduction

The invention of the computer is one of the greatest advances in human history. That changes how we do work and thus revolutionize the world industry. Then, the Internet and its global distribution have changed the way we communicate, how we share information and how we learn.

The HiveNet project is now registered at  Positiveblockchain.io  because of HiveNet’s future contribution to reducing electronic waste and protecting our environment.

HiveNet will offer its users the opportunity to safely rent out their computing power during the time the computer is not in use. In this way, less resources must be consumed to build new computers and less electronic waste is created. HiveNet motivates users to participate by giving them advantages for their computing resources.

This is four parts:

  1. basic concept
  2. economy
  3. technology & governance
  4. personal conclusions

In recent years, important new technology with a large impact has arrived.

  1. Cloud compute
    Enables the implementation of user-defined computing activities with high flexibility between numbers, times and locations. Therefore, global demand increases with accelerating space. However, growing demand makes computing very cost intensive.
  2. Key technology
    For the first time it is possible to store secure and public public information and virtual currencies independently from central organizations such as service providers, banks, or government organizations.

What is HiveNet

Increasing Demand for Cloud Computing Power Cloud computing services are highly flexible and have become the preferred choice for companies, universities and other organizations for many computational tasks.

Global demand is increasing at an increasingly rapid rate. Although cloud computing is in many cases cheaper than setting up its own dedicated computing center, computing is still very expensive

HiveNet is the Next Generation of Cloud Computing

Around the clock and throughout the world there are many idle computers. HiveNet offers technology solutions for utilizing this idle resource. HiveNet will connect unemployed personal and commercial computers to build a global distributed cloud computing network. This will allow computer owners to make a profit from their computers, when they are not using it.

HiveNet saves a lot of money

  1. Highest Cost Efficiency
  2. Highest Flexibility
  3. Secure Transactions with the Lowest Costs

Participant on HiveNet

Providers, makers and customers are important participants of HiveNet. Each of them contributes and benefits from their participation.

  1. Customer
  2. Provider
  3. Striker

HiveNet Ecosystem

  1. Customer Payments
    Customers will only pay for computing power, which they have actually used. They will pay with HiveCoins or for convenience with their local fiat money (eg US-Dollar or Euro), which is automatically exchanged with HiveCoins on digital currency exchanges. This will generate ongoing and fundamental demand for HiveCoins and will ensure inherent value.
  2. Providing Computing Power
    Computer owners will provide their IDL computing power and will be rewarded through a fair share of customer payments. Accurate payments will be ensured and automated with the Prize Giving Application.
  3. Trade and Use HiveCoins
    Like other cryptocurrencies, HiveCoins will be betradeable via digital currency exchanges. Also, we will issue a debit card and include widely used online payment systems, like PayPal. Hereby, HiveCoin owners will be able to use HiveCoin savings to pay in countless local and online shops. This way, HiveNet willenable public mass-adoption.
  4. Staking HiveCoins
  • HiveCoin owners will be able to stake their
  • HiveCoin savings to prolong and secure the
  • HiveNet Blockchain. Hereby, stakers will
  • receive newly minted HiveCoins, which will
  • generate an ongoing return on their HiveCoins.

Benefits of HiveNet

  1. Computer Owners
    How many hours per day are you actually using your computer?Just imagine your computer earning you some profit during the rest of the day. HiveNet makes it possible by securely delivering valuable computing tasks from paying customers to your computer.All you need is a computer with an internet connection.
  2. Crypto Traders
    HiveNet     has its own inherent cryptocurrency: the HiveCoin. HiveCoins are used to pay for computing power within the HiveNet. Hereby an ongoing demand for HiveCoins is ensured and will create one of the few cryptocurrencies with a real, fundamental value, which provides excellent short- and long-term opportunities for traders
  3. Customers
    HiveNet     is much cheaper than traditional cloud computing. How? Because many important cost levers that apply to traditional providers (eg Amazon Web Services) don’t apply to HiveNet, because it utilizes the idle times of already available computers. So, there is no need to invest into new computers, housing and many other operational costs.
  4. Nature
    HiveNet increases the usage of available computers. Thereby less resources are consumed to build new computers and less electronic garbage is created.Also, the HiveNet Blockchain is using a highly economic Proof-of-Stake consensus mechanism, which is much more resource saving than most available blockchains.

How it works

HiveNet

  1. User Client
    The HiveNet User Client is the user’s all-in-one tool and includes the computing, blockchain and wallet software modules. It enables an easy and user-friendly handling without the need for profound technological know-how.
  2. HiveNet Blockchain
    The HiveNet Blockchain is secured by a highly efficient
    Proof-of-Stake consensus mechanism. It is specifically optimized for the HiveNet and combines high security with fast transactions.

Token Sale

  • Technical Compliance

The HiveNet will initially be funded through selling HiveNet Tokens (HNT). HiveNet Tokensare ERC-20 tokens and compatible with many walls and other third-party systems toensure simple handling.

  • Legal Compliance

We consider our HiveNet Tokens sales to be compatible with German federal laws. All responsive documentation will be effectively distributed to BaFin (German Federal Financial Supervisory Authority) to ensure transparency.

How to buy HiveNet Tokens

All details about the upcoming sale of HiveNet Tokens will be announced on www.HiveNet.cloudappropriately in advance. If you don’t want to miss out on your chance to participate, make sure you register for our email newsletter and / or follow our social media channels.

Development Funding

Depending on the amount of raised funds, the HiveNet will be developed with the features of the effective development tier.

HiveNet ROADMAP

HiveNet TEAM

HiveNet Task Management System (HTMS)

The HTMS is the core technology of the HiveNet’s decentralized cloud computing network. It ensures the optimal orchestration of customer tasks, the secure validation of computing results and the fair payment of computer owners.

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

Published by ozie94

Published

Leave a comment