Founded of SONM

What is SONM?

SONM is an ambitious project that wants to turn mining computers into the nodes of a worldwide supercomputer that is able to tackle demanding, resource-intensive computing tasks of any nature....

Features of SONM

Alternative to PoW mining: SONM is an excellent alternative to PoW mining for lone miners. Modern deployment: Docker containers, a widely used and popular delivery technique, are used to deploy apps over the SONM network. Users can rent computing: The SONM platform, which enables users to rent computing power from other users, is a decentralized fog computing system. Employ cutting-edge algorithm: To stop the proliferation of malicious nodes and maintain the network’s security, SONM employs a cutting-edge algorithm. Platform updated with enhancements: SONM has a large user base, which guarantees that the platform is regularly updated with fresh features and enhancements. Decentralized network: SONM allows web applications to run in a decentralized network. Affordable web hosting: Through SONM, web hosting will cost less, and website owners can collect payments from SONM without the help of other cloud services.  Support variety of activities: Can carry out a variety of activities and run numerous applications, including mining, video rendering, mining, hosting websites, and machine learning. Provides IaaS: One of the best features of SONM is that it has the ability to provide IaaS (Infrastructure as a Service) for almost any current cryptocurrency startup or ICO project. Cost-efficient alternative to cloud solutions: SONM provides a viable and cost-efficient alternative to cloud solutions and services by operating within a fog computing structure. Provides optimized computing power: SONM helps to provide unlimited and optimized computing power on demand....

Founded of SONM

The majority of the SONM team members are from the Drug Discovery Project, as can be seen by looking at the group that created the software. Sergei Ponomarev and Aleksei Antonov are a few of the major players who have helped make this project successful. The project’s coordinator is of Russian descent....

How does SONM Works?

SONM is decentralized in nature and is considered a worldwide fog network....

Client’s Perks

Fast data transfer: It won’t take long to upload and send files, videos, and other documents via the internet. Use of tokens for security: The use of tokens as virtual assets fosters a sense of security. There won’t be any money used in transactions, only computer power and a wide range of personalized tokens will be used. Decentralized: SONM is free from centralized authority thanks to decentralization. Cost-effectiveness: Another benefit is cost-effectiveness, as employing SONM for fogging is less expensive. Additionally, using cloud services eliminates the need to travel between locations, pay middlemen, and incur other costs....

Miner’s Perks

Real-world estimates: By offering estimates that were grounded in reality, SONM was able to satisfy the needs of these miners who wanted to benefit from the use of their processing power.  Increased profits: It is also possible to increase those profits by using SONM’s intelligent agents.  SONM can be used on any smart device: Miners can use SONM on any smart device. However, the possibility of equipment bans and the transition to a PoS algorithm for cryptocurrencies like Ethereum and Bitcoin can present challenges for miners....

SNM Wallet

The computing power buyers will use SNM tokens to pay for the calculations using the smart contracts-based mechanism. SNM is a token released on the Ethereum blockchain that complies with all applicable implementation, storage, and management specifications for tokens, including the Ethereum wallet. Ethereum smart contracts will be utilized for the SONM project’s crowdfunding, initial coin offering, and SNM creation. Those who want to support the growth of the SONM project will send ether to a specific ICO Ethereum address, which will then generate SNM tokens at the specified SNM/ETH exchange rate. Only after the start of the crowdfunding period (specified as the Ethereum block number), will ICO participants be able to send ether to the SONM crowdfunding Ethereum address....

SNM Cryptocurrency Mining

Specialized computers, often known as nodes or mining rigs, validate blockchain transactions for a specific crypto coin in exchange for a mining reward. Given that they are virtual currencies with no real value other than what people are willing to pay for them, you might be wondering why they even need to be mined. By turning on a money printer, real currency, the kind backed by governments, can be produced, so it seems sensible that cryptocurrencies might do the same....

Risks Associated with Investing in SNM

On the basis of the Investors Observer study, SONM (BEP-20) receives a low-risk analysis. The proprietary system evaluates a token’s susceptibility to manipulation by examining the amount of money it took to change its price over the last 24 hours and by examining recent changes in volume and market cap. The scale ranges from 0 to 100, with lower scores corresponding to more risk and higher numbers indicating lesser risk....

Where Does SONM Stand When Compared to Golem?

In accordance with the initial Golem strategy, a six-month crowdfunding effort was started to raise the funds necessary to continue. SONM undertook a comparable project.  The SONM team is currently preparing for their upcoming release, which is expected in Q2 2017.  The current developments make it obvious that the SONM team is getting stronger every day.  To overcome the competition they are up against, the SONM team is likewise eager to do away with the Golem platform....