Substratum – Cryptocurrency Computing Network in a nutshell.

in #crypto7 years ago (edited)

MacBook.png

We can start by asking, what is Substratum network? What underlining problems is Substratum looking to address?

Substratum is an open-source network utilizing individuals' computers as hosting servers. This allows Substratum in their effort in decentralizing internet to create a free open web. Substratum will be utilizing AI machine learning. AI will help to geolocate the fastest server in according to the location.

Our current internet is centralized and should Substratum efforts leads to a successful road map both parties benefit. Substratum benefit from having computational power while participant benefit from earning digital cryptocurrency.

Substratum in a nutshell, wants to rent participant's computer and utilize PC as a hosting server. This should open the internet worldwide in allowing contents to be surf without the need of Tor or VPN. Substratum aim is to have anyone with a website to host it on the Substratum platform using Substratum host.

Is Substratum censored? Substratum is not censored, viewing Substratum hosted sites can be viewed using regular browsers. However, one thing to keep in mind is decentralized the Internet, will take a lot of work. This will take years if it’s ever adopted by the masses.

How does Substratum work? Substratum nodes work as forwarding tool, forwarding content from hosts to web users. Participators will be running the nodes and they are compensated in Substratum cryptocurrency coins.

What technology does Substratum use? The technology behind Substratum infrastructure utilize linguistic equivalent to dollars and cents, using whole number with two decimal places. The platform runs on substrate and atoms. Their hopes is to ease the public in learning and adopting.

Who pays for the nodes? Using microtransactions The hosted site pays the running participant forwarding nodes whenever someone request the site, bring down the cost to host a site. The key to this is that hosted site can pay using multitude of cryptocurrency which can then be converted into forwarding host preferred currency.

Conclusion
This was the basic of Substratum. To fully understand the project and the road map, please visit Substratum.net and read the white paper especially if you plan on investing in Substratum. By doing this you allow yourself to get a much better understanding of the research of the project and background the team key contributors.

This project seems very promising however, only time will tell if this platform is a success. Substratum is not the only player in this field, Skycoin is their competitor and I plan on writing about Skycoin’s. Brief: Skywire was created and aim at providing anonymous using the mesh-network. Current applications can work in conjunction with Skywire. Skywire system is free however, traffic forwarding users will have to pay to the nodes. Always plan and do your due diligence before investing into an ICO in general.

Disclaimer this as not financial advice.

Sort:  

Congratulations @techieknowtech, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.


Thumbs up for Steem Network´s strategy

The proven road to boost your personal success in this amazing Steem Network

Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?

I was just promoting substratum to a friend of mine earlier tonight who was going on about the woes of politics and things like net neutrality. Net neutrality would be null and void, pointless even with things like Substratum changing the landscape of ISPs.

Net neutrality plays a key role for now, however, should this projects succeed this we can revisit net neutrality.

If a project like this REALLY flourished, net neutrality would just be made obsolete.

I will take a look at it, i see it similar to NULL ?

Decentralize the Internet

Congratulations @techieknowtech! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
You made your First Comment
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!