CPUcoin Launches Test Net for Compute-Sharing Network
CPUcoin enables users to profit from their unused CPU/GPU power whilst provisioning, managing and scaling decentralised server applications globally.
San Francisco startup CPUcoin (cpucoin.io), developers of the Content Generation Network (CGN), have announced the launch of their test net today. CPUcoin aims to meet lower costs and enhance scalability for online retailers and media companies.
CPUcoin owns no infrastructure of its own, but has developed a network that reduces cloud infrastructure costs for B2B and B2C enterprise users. CPUcoin’s Content Generation Network pays users for the idle time of servers, mobile devices and PC computers. It organises unused computational resources and restructures them into a vast, highly scalable, reliable network. The company then leases this infrastructure to the operators of cloud-based applications at lower costs than conventional methods.
The test net launches with an enterprise dApp called MediaRich Publisher. MediaRich currently powers multiple Fortune 500 companies including Walmart, Adidas, Warner Bros, and The Department of Energy. MediaRich is a CGN-enabled Publisher dApp that provides test net users with a web-based visual interface that allows them to access the Content Generation Network and try out a number of resource-intensive media processing tasks. Users can visualise connected third-party miners working together to generate content in real time on the network. Sean Barger, Managing Director of CPUcoin commented,
‘Globally, nearly a hundred million servers and more than two billion PCs and mobile devices are powered on and running at any given time, with roughly 30% of those resources sitting idle. The amount of powerful, available but untapped compute power is so vast, it’s difficult to grasp. With CPUcoin’s CGN, we’ve created a way to put this compute power to use to solve real world enterprise-class tasks while enabling developers to scale their business at a fraction of the cost.’
The CGN ecosystem utilises a new utility token, CPUcoin, which takes the form of an ERC-20 token providing a specific amount of CPU/GPU power per coin. As the native currency of the CGN, it will be the digital asset used to pay for consumption of services, as well as for making payouts to providers of idle computer time and DService developers. With CPUcoin’s test net launch, individuals and entities can contribute available computational and bandwidth resources to the CGN to carry out the computational work of running DServices, e.g. mining, in exchange for earning CPUcoin.
The Content Generation Network main net is targeted to launch in Q1 of 2020 with a built-in customer base to ensure adoption of the network. MediaRich Publisher will be the first decentralised service to run on the CGN.