The conception, development and implementation of countless processor-intensive tasks fuel the ever-increasing need for computing power. Usually, it is difficult for people, companies and even academic institutions to use the increasing computing capacity without making substantial investments in infrastructure, including supercomputers.
This means a computer or virtual machine operating at the highest possible level of computing power.
Decentralized supercomputers provide solutions with a wide range of processing power, continuous uptime and financial incentives, among other benefits.
The cloud computing market is huge, and many revolutionary applications will be the result of decentralized cloud computing platforms. Decentralized cloud computing will power the new web3 economy and provide vital infrastructure for DeFi 2.0. This article covers our pick of the Top 5 Supercomputer crypto coins to watch in 2022.
Note: The list below is arranged by market cap of each project, from lowest to highest.
#5 iExec RLC (RLC)
- Market capitalization – $81,609,911
- Price – $1.01
The purpose of iEx.ec is to give distributed applications scalable, secure and easy access to the services, data and computing resources using blockchain technology they require.
Using this technology, which relies on Ethereum smart contracts, a virtual cloud infrastructure can be built that provides high-performance computing services on demand.
In the field of desktop grid computing, iExec uses various research technologies developed by the research institutes INRIA and CNRS.
The purpose of Desktop Grid, also known as Volunteer Computing, is to pool unused Internet computing resources to run highly complex parallel programs for a small fraction of the price of a conventional supercomputer. iExec was founded to reinvent cloud computing by developing a new cloud computing paradigm.
iExec is committed to building the next step of the web. iExec can support Big Data & AI ecosystemshealthcare, rendering and fintech.
TEE, or Trusted Execution Environment, was developed by iExec for a high level of security.
This is a secure location in a machine’s CPU that can take care of the code execution. In other words, because the code’s logic is implemented at the hardware level, it ensures that it cannot be changed.
This guarantees that access to information provided by the Web2 infrastructure after the conclusion of a smart contract is secure.
Some of the top exchanges for iExec $RLC trading are Bittrex, Uniswap V2, Binance, Upbit, VCC Exchange and HitBTC.
#4 Render Token (RNDR)
- Market capitalization – $125,258,236
- Price – $0.4935
As the name suggests, launched in June 2020, the Render Token (RNDR) is a provider of decentralized GPU-based renderingwith a vision to democratize GPU cloud rendering.
Render Network’s utility allows users to render GPU-intensive projects such as animations, video, and more. The Render Network provides an efficient, scalable, and powerful rendering network that costs pennies on the dollar, making it perfect for average users who want to perform GPU-intensive tasks without investing thousands in their equipment.
Instead of buying expensive graphics cards, users can create a job for the Render Network, pay a nominal fee in cryptocurrency and have their projects render much faster and cheaper than any other solution currently available.
The Render Network (RNDR) is classified as a Supercomputer token due to its distributed GPU rendering network, which can be thought of as a supercomputer running on the Blockchain with a single primary use case – rendering.
While the network is still at a relatively early stage, users can sign up with the platform and fill out an interest form to request a node on the platform. If you’re using one of the latest GPUs, a node on the Render Network can give you passive income with no extra work.
The native utility for the Render Network is the ERC-20 RNDR token, which is also Polygon compatible†
You can buy RNDR on Poloniex, Phemex, MEXC, Gemini, Coinbase, Binance, FTX, KuCoin, Huobi Global, etc.
#3 Golem (GNT)
- Market capitalization – $239,232,036
- Price – $0.2394
A new method of providing redundant computing power to people who need it on demand is through the golem network, a decentralized computing network.
It establishes a peer-to-peer network where users can equally participate and trade computer science, breaking down challenging tasks into simpler sub-tasks. No user in Golem is more or less important than any other user, and there is no central authority.
The Golem Network Token, or GNT, is the currency that powers our market and is needed to pay for calculations on the network.
As an applicant, you bid on how much $GNT you are willing to spend to complete your assignment. You can get $GNT as a Provider by doing calculations for Applicants.
Golem’s platform serves a wide range of users; While the current testnet focuses on CGI rendering, as it evolves, one can imagine the number of potential applicants growing and may include the following:
- Companies that want to process large amounts of data
- Programmers running dApps
- Scientists simulating large-scale models
Some of the best cryptocurrency exchanges for trading Golem shares $GNT are currently Binance, Bitget, OKX, DigiFinex, and KuCoin.
#2 Storj (STORJ)
- Market capitalization – $255,670,697
- Price – $0.6453
Storj differs from other cloud storage networks in several ways. Storj operates on a network of thousands of individual computers, unlike standard cloud storage solutions that store data in large data centers.
Anyone with a few extra terabytes of space can join the platform as a node by installing Tardigrade, a reliable and robust internet connection.
Due to the efficiency of the network, hosts pay significantly less for their data storage than if they used conventional cloud storage services.
The storage node network is completely free of trust, ie the data is fully encrypted using owner’s keys and cannot be accessed in any way by Storj or the node operators.
Storj is called an open-source cloud storage system and is pronounced ‘storage’. Essentially it is hosts user data on a decentralized network of nodes. The platform also uses advanced encryption to secure hosted data.
Some of the best cryptocurrency exchanges for trading $STORJ are Binance, Bybit, Bitget, OKX, and MEXC.
#1 Chain Link (LINK)
- Market capitalization – $2,932,431,085
- Price – $6.28
A blockchain abstraction layer called Chain link enables globally interconnected smart contracts. Chainlink, a decentralized oracle network, enables blockchains to securely communicate with external data feeds, events and payment methods, while providing the critical off-chain information required for advanced smart contracts, that are quickly taking over as the primary type of digital contract.
Chainlink provides applications with a wide range of services powered by oracle calculation, including Chainlink Keepers, Chainlink Verifiable Random Function (VRF), Off-Chain Reporting (OCR), and the Cross-Chain Interoperability Protocol (CCIP).
Oracles offer purposes beyond just providing external data to blockchains. On behalf of smart contracts, oracles can also run a brand new class of trust-minimized off-chain computing known as “oracle computation.”
Oracle computing is in the middle between controlled Web 2.0 and decentralized blockchain computing, outperforming blockchains in terms of performance and feature richness while outperforming Web 2.0 systems in fraud resistance and transparency.
By improving scalability, cost efficiency, privacy and providing access to additional features Like order fairness, verifiable randomization, off-chain aggregation, and transaction automation, Oracle computation extends the potential of smart contract execution.
Some of the best cryptocurrency exchanges for $LINK trading are Binance, Bybit, Bitget, OKX, and MEXC.
Overall, Blockchain is incredibly unfriendly to the environment. However, scientists are currently working to reduce Blockchain power consumption and increase scalability using the lessons learned from supercomputing.
The distributed nature and protocols of different blockchains make it a perfect technology to use for creating and managing distributed computer networks. Decentralized cloud computing will undoubtedly be vital to the new web3 economy, next generation DeFiand Finance apps and provide the infrastructure needed to push the blockchain industry into a new paradigm.
Revelation: This is not trading or investment advice. Always do your research before buying Supercomputer tokens or investing in cryptocurrency.
follow us on twitter @thevrsoldier to stay up to date with the latest Crypto, NFT, AI, Cybersecurity and Metaverse news!
Image source: grandfailure/123RF