Hello guys,
I heard, a long time ago, that Ethereum planned to become a cryptocurrency that would be based on a system that sells or rents processing power to companies that needs to run simulation or whatever (a bit like folding@home). Each time your finish an instruction, it gives you a unit of ethereum that has X value depending of the cost of the current market for these sort of process.
I'm kind of surprise that it still doesn't exist right now (it maybe exist, I don't really know ). I mean, there's so much processing power that is wasted for "hashing" useless blockchain (useless in the sense that it doesn't give anything for anyone, except money for those who mine them), why not use it for the better good of everyone?
The value would depends of what the market can offer at this time (alot of private companies offer to rent their infrastructure or supercomputer for ALOT of money to run those kind of tasks) and I'm sure that if it helps a team of reseachers to proof their work or if it helps to advance science, it would make that cryptocurrency worth more.
What do you think of that? It would be a currency that is less based on speculation and I'm sure everyone would give it a much better point of view.
I'm starting a market study to see if it's possible, what would be the challenge, would it be profitable, etc...
Give me your thoughts
PS: sorry for my not so perfect english
Cheers!
I heard, a long time ago, that Ethereum planned to become a cryptocurrency that would be based on a system that sells or rents processing power to companies that needs to run simulation or whatever (a bit like folding@home). Each time your finish an instruction, it gives you a unit of ethereum that has X value depending of the cost of the current market for these sort of process.
I'm kind of surprise that it still doesn't exist right now (it maybe exist, I don't really know ). I mean, there's so much processing power that is wasted for "hashing" useless blockchain (useless in the sense that it doesn't give anything for anyone, except money for those who mine them), why not use it for the better good of everyone?
The value would depends of what the market can offer at this time (alot of private companies offer to rent their infrastructure or supercomputer for ALOT of money to run those kind of tasks) and I'm sure that if it helps a team of reseachers to proof their work or if it helps to advance science, it would make that cryptocurrency worth more.
What do you think of that? It would be a currency that is less based on speculation and I'm sure everyone would give it a much better point of view.
I'm starting a market study to see if it's possible, what would be the challenge, would it be profitable, etc...
Give me your thoughts
PS: sorry for my not so perfect english
Cheers!