Binance Lists SONM!
Hello,today Binance added SONM(SNM) to the exchange.
What is SONM?
SONM is a decentralized worldwide fog supercomputer for general purpose computing from site hosting to scientific
calculations. SONM company is an effective way to solve a worldwide problem - creating a multi-purpose
decentralized computational power market.
If you are a miner or computational power owner, SONM is a great resource of using your equipment for calculations
and processing real tasks.
SONM fog computing platform is a fresh start for solo mining. There are lots of miners with GPU mining farms
that have become useless due to the increased Proof-of-work mining difficulty (even for altcoins). In recent years,
being a part of a mining pool has been the only way to guarantee profit from mining. But even in the process, this
profit is so small that it often does not cover the cost of electricity spent for PoW mining.
So you will be able to mine in the future from your smartphone notebook or computer.
Similar ideas can be found in projects such as Golem,Elastic,iEx.ec
in comparison with the most popular project of the listed is Golem,let's try to compare these two projects:
Golem Network has not yet demonstrated any evidence of the efficiency of its concept. Currently, this platform can not handle general purpose computing. Their network is available in test mode only for CGI rendering.
In contrast, SONM uses the PaaS open source Cocaine(Configurable Omnipotent Custom Applications Integrated Network Engine. is an open source PaaS system that allows you to create cloud hosting applications like Google App Engine or Heroku.
Any library or service can be implemented in Cocaine as a service. For this, there is a special API. Some of the most necessary services are already presented in the form of plug-ins: Elasticsearch, URL Fetcher, tools for logging, and access to the stores Elliptics and MongoDB.)
platform, which is compatible with the more common and standardized BOINC platform. Since these technologies are used in many already existing distributed projects, hence SONM is compatible with many of them.
Golem Network has not yet demonstrated any evidence of the efficiency of its concept. Currently, this platform can not handle general purpose computing. Their network is available in test mode only for CGI rendering.
In contrast, SONM uses the PaaS open source Cocaine platform, which is compatible with the more common and standardized BOINC platform. Since these technologies are used in many already existing distributed projects, hence SONM is compatible with many of them.
Golem is less functional. Golem is a "peer-to-peer market" for computing resources. SONM is a cryptographically secure protocol that provides task allocation, verification of results, and proportional to the correct payment for the used computing power.
Confirmation of calculation results. The results verification system is one of the weak points of the Golem project. Not all results of calculations are checked and therefore Golem strongly depends on the provided reputation system so that users do not pay the attackers for incorrect results of calculations. We can say that this system is potentially vulnerable and can be used for malicious purposes.
Аlready in December 2017, it is planned to launch a working platform for mining.
At this stage, you can trade on such platforms as Liqui,HitBTC and from today Binance.
from the moment of adding to the stock exchange for half a day SONM increased by 20%
in my opinion SONM deserves attention and I very much hope that it will meet my expectations.
I hope you will also be interested in this project.