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Offline CoinHoarder

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Decentralized Supercomputer
« on: November 04, 2014, 07:49:54 AM »

I thought you guys might find this interesting.. it seems like an ambitious project.

http://www.zennet.sc/

julian1

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Re: Decentralized Supercomputer
« Reply #1 on: November 04, 2014, 07:55:09 AM »
BitUSD ought to be marketed to AWS/EC2 as a payment alternative.

Offline CoinHoarder

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Re: Decentralized Supercomputer
« Reply #2 on: November 04, 2014, 08:11:55 AM »
BitUSD ought to be marketed to AWS/EC2 as a payment alternative.

That would be cool.

It seems Zennet is thinking about using DPoS to secure its network. Here's a couple quotes from the developer on Bitcointalk..

Quote
The best candidate for now for the coin technology is Delegated Proof of Stake (http://bitshares.org/delegated-proof-of-stake/) by Dan Larimer.

Quote
Xennet is a layer on top of the coin layer, which will use a common algorithm such as POW, or maybe Delegated Proof of Stake.

https://bitcointalk.org/index.php?topic=736447.0

julian1

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Re: Decentralized Supercomputer
« Reply #3 on: November 04, 2014, 08:29:12 AM »
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It seems Zennet is thinking about using DPoS to secure its network.

Yep. We should be trying to pull these folks into the fold, instead of having them duplicate all the dpos infrastructure. They could still issue their own assets/tokens if they wanted.

Offline xeroc

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Re: Decentralized Supercomputer
« Reply #4 on: November 04, 2014, 08:50:08 AM »
nice find ..
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Offline Pheonike

Re: Decentralized Supercomputer
« Reply #5 on: November 04, 2014, 09:06:49 AM »

This is nice. Because of the potential performance needs, that may need it's own chain. Great candidate for a BTS airdrop!(20%)

Offline oldman

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Re: Decentralized Supercomputer
« Reply #6 on: November 04, 2014, 05:09:38 PM »
Great use case for marketing delegates:

- Community finds an outreach/marketing/PR opportunity

- Marketing delegate produces an action plan for community review

- Marketing delegate executes

- Community reviews performance

If community is satisfied, delegate remains employed/gets paid.

If community is not satisfied, delegate is replaced.

The potential is mind boggling.

Offline jsidhu

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Re: Decentralized Supercomputer
« Reply #7 on: November 04, 2014, 05:59:00 PM »
Very ambitious. Wonder if something like this would create incentive to create a supercomputer to hack things and if it provides more efficient economic model to do such a thing. (the black market)...

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Offline bytemaster

Re: Decentralized Supercomputer
« Reply #8 on: November 04, 2014, 06:29:48 PM »
For a certain class of problems this works.... but where it fails:

1) trusting strangers with your data / programs means it will not be usable by industry
2) I doubt it will be more cost effective than centralized alternatives.
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Offline fushh

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Re: Decentralized Supercomputer
« Reply #9 on: November 04, 2014, 09:33:16 PM »
I thought you guys might find this interesting.. it seems like an ambitious project.

zennet.sc/

Thank you very much CoinHoarder !

As you can see it is my first post.
I am myself an AGS holder and as soon as i read your post
i digged deeper in to this ZenNet Project. This thing is just incredible !
Allow me just to post a few links for all,who want to read more about it and they should-

Original Bitcointalk Post: bitcointalk.org/index.php?topic=736447

About ZenNet : zennet.sc/about/index.html

and Whitepaper on Github: github.com/Xennet/xennetdocs

I encourage everyone to read about the Features like ZenTube and ZenFs,it could make
Maidsafecoin obsolete.
I hope very much that we could find a way to complement them with Bitshares,as it
would increase their Value astronomically in my opinion.

Thank you and sorry for my bad englisch.


Offline fluxer555

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Re: Decentralized Supercomputer
« Reply #10 on: November 04, 2014, 09:58:00 PM »
If they choose Proof of Work as their algo, it's game over.
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Offline monsterer

Re: Decentralized Supercomputer
« Reply #11 on: November 04, 2014, 10:02:48 PM »
For a certain class of problems this works.... but where it fails:

1) trusting strangers with your data / programs means it will not be usable by industry
2) I doubt it will be more cost effective than centralized alternatives.

Actually the core class of problems this will not help with are those in which the transmission and subdivision overhead of data transfer outweigh the speed benefits of distributed computing. This is the primary problem with distributed computing itself.
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Offline Pheonike

Re: Decentralized Supercomputer
« Reply #12 on: November 04, 2014, 10:15:00 PM »

It can work well be projects that benefit from massive parallelism. Stuff like SETI. Projects where the data chunks can be divided into small pieces and don't require real-time results.

Offline CoinHoarder

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Re: Decentralized Supercomputer
« Reply #13 on: November 04, 2014, 10:17:28 PM »
If they choose Proof of Work as their algo, it's game over.

They are currently deciding which consensus algo to use. It seems the lead dev has voiced interest in using it, but that has been met with resistance. I could possibly use a little backup in the thread I posted up-thread defending DPoS and convincing them it is a better choice over PoW.
« Last Edit: November 04, 2014, 10:19:10 PM by CoinHoarder »

Offline bitmeat

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Re: Decentralized Supercomputer
« Reply #14 on: November 05, 2014, 01:13:58 AM »
For a certain class of problems this works.... but where it fails:

1) trusting strangers with your data / programs means it will not be usable by industry
2) I doubt it will be more cost effective than centralized alternatives.

That's a very narrow-minded view.

1) Data can be anonymized and computation can still be distributed and performed for many of the problems that need it.
2) I'm sure it can compete with Amazon EC2, for which people pay a lot more than the electricity cost.

Other use cases: bootstrapping a test network, experiments in the crypto space - that's huge, if I need real 1000 nodes to test a new algorithm with for a day or two.

EDIT: You can also incentivize and reward nodes to run if your network takes off using this system - it's an alternative to the delegate reward approach.

 

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