Ethereum

Arbitrum

Online

Compute Network

Aethir

<a href="https://coinmarketcap.com/currencies/aethir/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Aethir</a>, a decentralized physical infrastructure network (DePIN) provider, has launched its decentralized cloud compute network on the Ethereum mainnet.
This development enables enterprises, data centers, other cloud providers, and cryptocurrency mining operators to contribute idle GPU resources to Aethir’s GPU-as-a-service solutions network.
Mark Rydon, Aethir’s co-founder, highlighted the significance of the mainnet launch:
“By providing a scalable framework for redistributing idle compute resources, we can empower more innovation in the rapidly evolving domains of AI, ML, and cloud gaming.
On mainnet, high-quality enterprises can contribute to the Aethir network and increase access to the current supply of GPUs.”
With this launch, enterprises and developers can rent compute resources from Aethir’s network to train artificial intelligence (AI) models or render digital content at scale.
Aethir utilizes the native ATH token on Ethereum for staking and Arbitrum (ARB) for fast payments to compute providers and community rewards for checker nodes ensuring quality assurance.
Aethir’s ATH token also plays a crucial role in network governance, staking processes, and maintaining the security of DePIN’s ecosystem.
In an interview with Cointelegraph, Rydon detailed the encryption measures to protect data transmission:
“We use full-channel encryption technology to ensure that only users can transmit and view data during use, and no third party can crack and open it. The encrypted channel will be closed at the end of use to protect the absolute security of user data.”
Aethir’s testnet phase saw significant success with over 500,000 users, a $146 million node sale, and backing from major tech companies like NVIDIA, Super Micro, HPE, and Foxconn.
READ MORE: <a href="https://www.cryptointelligence.co.uk/australia-bans-crypto-and-credit-cards-for-online-gambling-to-protect-citizens-from-financial-risks/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Australia Bans Crypto and Credit Cards for Online Gambling to Protect Citizens from Financial Risks</a>
Discussing data security, Rydon stated:
“In terms of network security, such as network access control and anti-DDoS, special hardware firewalls protect data security.
“The customer is always the owner and user of the data, and the cloud platform ensures its security and confidentiality. This data is secure and confidential not only to external visitors but also to internal visitors.”
The DePIN concept is gaining traction in the Web3 space, despite being available for several years. Rydon elaborated on DePIN’s role in Web3:
“DePIN’s architecture itself has good high availability and fault-tolerant basic capabilities.
“Distributed computing power avoids the problem of service nodes being too centralized, resulting in insufficient single-point service capability and low fault tolerance rate.”
DePINs have the potential to disrupt Big Tech, enabling individuals to provide their own labor or resources and be rewarded in micropayments, thus promoting a more decentralized internet.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet, Pioneering GPU-as-a-Service Solutions

Crypto Intelligence

Other articles published on Jun 13, 2024

SEC Chairman Gensler Predicts Approval of ETH Spot ETF S-1 by End of Summer

Bitcoin ETF holdings dip: What does it mean for BTC’s future?

North Korean cyberattacks on Brazilian fintech firms exposed

Terraform Labs Settlement Worth $4.47 Billion With The SEC Cannot Be Completed

CEO CoinEx: Keputusan SEC Terkait ETF Ethereum Spot Picu Kebangkitan Token Meme Sepanjang Mei 2024

Big Bitcoin Players Risk Hefty $1.3 Billion as BTC Value Plummets

Join our free newsletter for daily crypto updates!