Kompute Launches Decentralized Protocol Targeted at Web3

A blockchain company based in Estonia, Kompute, said it has launched a decentralized cloud computing system. The company said it was built on the tokens that were specifically designed for the web3 system. The cloud computing system is going to provide higher control and anonymity.

Kompute Built on Ethereum

Kompute said the system was designed with the use of broadly tested and used open-source technologies. The company’s latest decentralized system was launched on the Ethereum network. But the off-chain layer is put up to run on Kubernetes.

The adopted structure makes way for higher availability, reliability, smoother scalability, and low-cost cloud services. Kompute CEO, Xabier Almazor, said GCP, AWS, and other big industry names lead the centralized computing sector. But the problem is that they control all data belonging to the user, their privacy, and computing power access.

Kompute is positioning itself as the GCP and AWS for the web3 space. It connects customers with service and resource providers who wish to generate revenue. The network has certain characteristics to make it workable.

All transactions on the cloud computing network are enforced through smart contracts and they are recorded on the blockchain. Network providers get incentives to provide the best resources and maintain the network’s safety. 

The network has a lot of confidentiality layers that protect users’ intellectual properties. And it is only authorized actions that can be carried out against the blockchain, therefore, its data and code integrities are guaranteed. 

Rewards for Nodes and Node Owners

The process of working with Kompute begins when a user makes a request to launch an app with the blockchain. The blockchain’s node is going to run a validation of the request and then execute the computing task. The execution is managed by Kubernetes and it uses secured containers while it considers the network’s capacity.

The node gets a reward for permitting the network to use its computing resources. The user will get every computing capacity they require. The node’s owner will get rewarded for maintaining the network’s security and sharing computing power.

All these processes are carried out in real time and are recorded on the blockchain. This will help make sure of the anonymity and security of all transactions.

The implication of this for web3 is that it promises a more decentralized internet in the future. Anonymous and trustless networks that let users get access to great levels of computing power.

The special thing for users is that this latest model is absolutely user-friendly. It allows an average user to get access to technologies with low coding knowledge.