It is well-known that the traditional cloud infrastructure has many central points of failure and trust: the centralized nature of the Domain Name System (DNS), the dependency on one or multiple cloud providers for service availability, and the centralized storage of user`s data. ETHERNITY has arisen from the need to overcome those mentioned disadvantages in storing/ exchanging data and running applications.
Our vision about the future of the cloud has three imperative features: encrypted, anonymous, continuous available.
Leveraging blockchain technology, our mission is to develop a decentralized ecosystem and a framework that allows regular cloud software to be run as decentralized cloud applications. Within ETHERNITY, the nodes are location agnostic, self-replicating, constantly spawning around the internet without user interaction, exactly as defined in the Ethereum smart contract.
ETHERNITY can be utilized by everyone from home computers, mid-range servers, to massive data centers, fully trusting that the data is safe and private while in transit, and at rest.
All ETHERNITY users can host their cloud application and content online FOREVER, without deep technical knowledge, backed up by a trustworthy blockchain contract, continuously available, anonymous and encrypted and location independent. The purpose of ETHERNITY is to provide the blockchain infrastructure for participants to run their favorite cloud software decentralized, to rent their idling or extra hardware for monetary gain, all this while incentivizing the decentralized cloud applications developers.
What makes ETHERNITY truly unique is that developers can start their own decentralized SaaS solutions and earn tokens as network participants use their solutions. Join our exciting ever growing community and integrate new and existing cloud applications into the future decentralized cloud.
Do you see any disadvantage in widely implementing the solution provided by ETHERNITY? What would be the motivating factor for you to be part of our technical proposal?”
many people have a skill but not on blockchain
i hope this project help
Most blockchain project need technical of coding skill to implement. For all people is difficult. ONly serius one and trained ones who can use the project. Is there any project with WYSWYG interface?
Here are a some of the strong reasons why Ethernity is better than any of the competition projects, including the ones you mentioned:
- Focus is on privacy, which is crucial in a decentralized cloud or fog computing environment. See my answer for Randy Tice for more details on that.
- Focus is on anonymity which is mandatory for some.
- High availability support for decentralized applications.
- Built for developers, so they can easily move to the decentralized cloud transparently for their users. This translates to higher adoption rate.
- Developers of decentralized apps will be incentivized for their efforts.
- Built for creative minds, so they easily develop and publish custom code, using common approaches as writing a script in their favorite programming language. This translates to higher adoption rate.
- Use open source code and tools available for anyone to audit.
Some of the competition projects might tackle some of these features partially, however I can tell none of them consider all the points above. All of the mentioned points are required to be part of the design process for the initial implementation of the smart contract. I see these projects are already launched, and they have an advantage on first move, however we have an advantage on traction after we launch.
I agree with other comments, that there are other projects more advanced in the space.
Disadvantage? This might be the Blockchain itself. You could do something even more groundbreaking and begin developing something like decentralising computing/DNS/storage on Hashgraph or DAG technology?
This type of project is pretty over saturated right now. There a numerous projects focused on this, such as Golem, SOMN, Gridcoin etc.. What makes you different than the other projects who are ahead of you and have first movers advantage?
If you did something differentiated, I would be interested in being part of it. However right now I feel I would rather use more established projects for this use-cases unless you can show me a reason why Ethernity is different or better.
Privacy should be more strict so that people don't have to worry about theire precious credentials. Second think you can improve that is transaction speed and lower fee for transactions.
I would like more privacy to be implemented, especially of transactions, now not very difficult to trace the history of their movements knowing little data ...
Elric and Fatalninuda bring up some very valid points and I found myself thinking the same things as I looked into your project: Your competition and the questionable need for privacy and security in the first place.
Another thought I had was, "So this is like golem and monero combined? What's the point in investing in that? Hasn't this been done before?"
Of course, I might be totally off, but I am basing this off of what you presented in your website, whitepaper, etc. and I represent the type of potential investor that is "normal" (I don't have much technical knowledge, I have only about a year and a half experience investing).
What do you have to attract investors like me that have hundreds of options when it comes to ICO investing?
Thank you for adding some info and your response. I still think you will have a lot of potential competitors, maybe not anonymous, but the with privacy and availability.
Casper API for example, if you go to their site they have made a great competitor comparison which shows you quickly what they can do and what edge they have over their competitors. There are so many ico's these days, you want to grab the attention of the people that visit your site and grasp their interest to do some more research. Visuals are important to support this. Even the best product needs to be sold to be succesfull or it will still be unsuccesfull. Right now the competition is ICO-land is just killing.
I think that looking at the cost of centralized vs decentralized it could work. But like i said so many cloud project running, which are still competition. One of the biggest advantages over the traditional cloudservers is that the data is spread over the network and not at one server and can't be taken down by the company. So i do see the added value of a decentralized version.
Hey guys! You say your main advantages are anonymity (why would you need youe cloud service to be anonymous?) privacy (I believe current solutions are private enough, not many people use clouds for very sensitive info) and high availability (not sure what this even means, but if you are saying existent clouds don't have available capacity, it's patently untrue)
The one selling point would be the DNS bypass, which I don't really see how you can manage.
It may also prove to be very hard to compete with traditional cloud services if you incentivise your users in any significant way, the economy of scale just rolls over mom&pop.
Not everything works better decentralized because the costs are huge compared to centralized services for non sensitive data and all bigger cloud service providers are distributed already, with scale on their side.
Thank you for your comment. Promoting our project through crowdholding as well as other channels is part of our awareness campaign.
The main advantage over the competition is anonymity, privacy and high availability, which are featured on the website, and all our marketing materials. Think of ETHERNITY as the privacy equivalent of the decentralized cloud, the same way Monero is to Bitcoin. Besides this, no other projects that I am aware of give incentive to the developers defined through the smart contract.
For the demo, subscribe to the newsletter or our social media channels and you will receive it when is available for the general public. If you are an investor, let us know and we can arrange a live session.
Thank you for the kind words.
I looked into the site and the whitepaper(i wasn't able top find the demo?) and i do have to say i don't see how this is a new idea at all. So a big disadvantage is all the competators you have, who look to be way ahead of you(based on the info you provided and the fact i never heard of ethernity. Also google didn't give me much). So i think that's puts you for the hard task of winning customers for you at this point and convincing why they should pick your project over theirs. Not impossible, but you will need unique selling points to do so, since you miss the first movers advantage. Also get some people talking about your project. I guess this is a start.
You claim that your own decentralized SaaS would make it truly unique. Maybe i don't understand it well enough. Then you should look at other ways to explain more clearly what gives you the edge over competitors.
You could state the difference with some known competitors in the cloud computing blockchain space and your advantages over them. That would make thing a lot more clear. Especialy since your whitepaper seems to be pretty minimal to me. That would give me motivation to be part of a project like yours. For now i'm not sold on your idea. If you have any extra explanation about your unique selling points, i will look at it again.
Good luck to the team and your project!