Hypernet ICO (HYPR Token): High-Performance Blockchain Computing Protocol?
A Review of the Hypernet ICO and HYPR Token
The Hypernet ICO where the HYPR tokens are being sold is to raise funds for a distributed, decentralized parallel community network. The Hypernet will harness the idle computing power of network participants that meet the demand for processing power via a novel programming model and marketplace.
The core infrastructure will include a blockchain-powered task scheduler and Distributed Average Consensus suit of APIs. It is designed to break the constraints that result from the availability of devices and the fluctuation of bandwidth. This limits the potential of distributed computing.
The Value Proposition Of Hypernet ICO
Most distributed computing systems need raw data that is aggregated by a central hub at some stage during the task. The Hypernet will incorporate two elements of consensus which eliminate the need for a central authority to process the data. A DAC-powered decentralized computer network will allow execution of parallel computing tasks.
The DAC will provide the processing model for parallel computing without a need for a central coordinator. This will allow devices to enter and exit the network while the computing is ongoing. This is as opposed to aggregated data that flows to a single node. The entire network reaches the consensus on the final answer.
To organize the computing tasks, a consensus system powered by the blockchain is used to manage resources in this network. It will connect sellers and buyers of the computing power. The Hypernet is made up of three main components. These are the blockchain-powered resource scheduling protocol, DAC API, and an execution environment.
The Resource Scheduler
The scheduler manages the marketplace. It matches sellers to buyers using smart contracts with rewards issued in HYPR tokens. The prices for computing time on the seller’s hardware are set by market forces and the hardware specifications of a device.
The Hypernet project plans to create an API library that will make it possible to leverage the DAC. This will be based on coding languages such as C++ and Python, which is tailored to scientific computing and machine learning.
The consensus infrastructure is partitioned into three layers. There is a P2P networking layer, a topology layer to manage the participation of peers working on the task, and a final layer that uses the average consensus feedback protocol to achieve distributed consensus.
The Executable Environment
For purposes of compatibility and security within a system that comprises of various pieces of hardware, Hypernet will offer a containerized environment. The computing tasks are run and tested in the environment, which is isolated from market participants.
The environment will include libraries of trusted tasks, which can run on Hypernet. The runtime environment will offer DAC-based progress querying function. This way, buyers will be able to monitor the job’s progress, which gives sellers control over how many resources each device will devote to the network.
The HYPR token will serve as the token that powers transactions between sellers and buyers of computing power. These tokens can be used for staking as part of the system based on reputation. When executing a contract, every market participant must use these tokens to post collateral to avoid malicious actions.