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​SONM .. decentralized cloud computing platform .. Digital currency mining has become possible

2018-10-18 01:02 pm | Resource: Crypto Section | No Views : 444

​SONM .. decentralized cloud computing platform .. Digital currency mining has become possible SONM is a project in the field of digital currency mining, which is a shortcut to "Supercomputer organized by Network Mining", a giant computing technology organized by network mining.
The project is a huge global cloud supported by the introduction of the digital currency "Ethereum". The project aims to transform computer mining into episodes of a global network of super-processing computers that require resources of any kind.

Project name: SONM
Ticker symbol: SNM
ICO date: June 2017
Market cap*: $20 million
Circulating supply*: 359,600,000 SNM
Total supply: 444,000,000 SNM
* As of October 15, 2018. Source: Coinmarketcap

What is the SONM project?

SONM is a decentralized fog computing platform, with use cases targeted at general computing tasks, SONM facilitates the use and sharing of computing and general purpose computer architectures.
The market for SONM was created on the Blockchain Ethereum, and the ERC-20 code is used as the standard, however, there are two types of codes used in the SONM ecosystem.
The first is the ERC-20 standard used in exchanges, the second is BlockMain's code for SONM, the Blockchain SONM code is documented, at a 1: 1 rate to the SONM token and can be exchanged between the Blockchain and the Barley, and the Ethereum Blockchain.

Uses the SNM token

When purchasing or leasing computing power, SONM suppliers and customers use Blockchain tokens. The ultimate goal of the SONM platform is to provide more resources for digital currency mining companies and to make better use of the overall computing power of the network.
The use cases include SONM's automated learning, video playback on CPU / GPU, CDN and video streaming, and so on.
SONM was founded by Sergey Ponomarev, a smart contract expert, and Alexei Antonov, a supporter of Blockchain, SONM was able to raise $ 42 million in the ICO period for four days.
Since then, SONM has launched its main network and is in the process of acquiring customers and suppliers for the exchange of computing power in the cloud computing platform. As of the date of publication of the article, there are 106 transactions running on the network.
SONM currently has five teams in North America, Europe and Asia. As well as expanding decentralization and greater decentralization, SONM embraces computer challenges to stimulate the use and development of its core programs and products.
As SONM initiates a program to defend the brand to spread knowledge and awareness of its platform, Advocates will be compensated for SNM Tokens to create content, affect users, or find errors in the program.

Key Milestones/News

The project is open source and their development progress can be tracked on GitHub. The SONM team provides frequent progress updates on their blog: Below are the key news/milestones achieved by the project.
  • June 2017: ICO concluded
  • June 2017: SONM alpha launched with Quake game server
  • July 2017: Discovery Algorithm and Whisper protocol integrated into network
  • October 2017: updates to SONM roadmap and deadlines
  • November 2017: SONM partnered with AION
  • February 2018: Machine learning made live on SONM
  • February 2018: GUI token wallet released
  • May 2018: SONM sidechain data warehouse released
  • June 2018: SONM mainnet audited by two independent smart-contract auditors, and SmartDec. The audit found no critical issues, but a few medium and low-risk issues.
  • August 2018: SONM hosts a fog computing challenge for developers
  • August 2018: smart contract security audits published


The current SONM platform is making good progress and is aware of the deadlines according to the white paper and the road map. Is a live mainnet with more than 100 deals running.
SONM is constantly trying to discover new uses of its platform while motivating users to build and develop the current SONM ecosystem using reward programs. It has a profitability calculator so that potential suppliers can measure the profitability of distributed computing power on the SONM platform.
SONM also focuses on security and transparency, especially when it comes to their smart contracting protocol.
On the detection front, the team makes monthly updates that are completely comprehensive on both the commercial side as well as the technical side. Overall, the project is one of the few living on the mainnet with actual traction.

For more information about the project


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