• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Aethir Launches Decentralised Cloud Network on Ethereum, Pioneering DePINs for Web3 Evolution

June 14, 2024
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
Aethir Launches Decentralised Cloud Network on Ethereum, Pioneering DePINs for Web3 Evolution
0
SHARES
12
VIEWS
ShareShareShareShareShare
  • GPU-as-a-service provider, Aethir, is leveraging the Ethereum network to offer its product to a variety of potential users.
  • The company plans to aid artificial intelligence developers by allowing them to use idle GPU resources from participants.
  • This is a form of decentralised physical infrastructure (DePIN), which is playing a major role in blockchain’s evolution into the mainstream.

Ethereum has added another major partnership to its list, with decentralised physical infrastructure (DePIN) service Aethir joining its ranks. The collaboration was announced earlier this week, with Aethir planning to launch its product on the Ether Mainnet – an interesting move, considering that much of the community is enamoured with L2 Ether protocols.

Nevertheless, the introduction of Aethir’s cloud computation software to the DePIN world is set to spark discussion over how vital this technology can be for the future of Web3. 

Related: Blockchain Could Boost Australian Economy by $60 Billion, Reverse Productivity Slump, Says MP Andrew Charlton

Aethir Set to Improve Efficiency for AI Developers

DePINs are growing in importance among the blockchain world. They intend to replace traditional, centralised infrastructures (such as databases) by using a peer-to-peer network – much how a decentralised transaction works. 

DePINs also incentivise community engagement, rewarding participants for keeping the network secure. For now, most DePINs are focussed on decentralising data storage, an industry where the prominent services are owned by a select few companies (Google, Amazon, Microsoft). 

Aethir’s co-founder, Mark Rydon, discussed the importance of DePINs in disrupting current infrastructure solutions:

DePIN’s architecture itself has good high availability and fault-tolerant basic capabilities. Distributed computing power avoids the problem of service nodes being too centralized, resulting in insufficient single-point service capability and low fault tolerance rate.

Mark Rydon

Aethir is specifically targeting GPU-as-a-service, offering AI developers the ability to “rent” the computational power of other people’s GPUs. In return for lending their GPUs, participants will be compensated in a native cryptocurrency. 

By providing a scalable framework for redistributing idle compute resources, we can empower more innovation in the rapidly evolving domains of AI, ML and cloud gaming.

Mark Rydon

Aethir’s Testnet comprised over 500,000 users and included support from Nvidia, Super Micro, HPE and Foxconn to ensure the network’s security.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Aussie Crypto Podcast Highlights Altcoins with Future Growth, Where Does Bitcoin Go From Here?

Next Post

DOGE Breaking Support Could Spark Bearish Action

Next Post
DOGE Breaking Support Could Spark Bearish Action

DOGE Breaking Support Could Spark Bearish Action

You might also like

AAVE Price Prediction: Testing $240 Breakout with $280 Medium-Term Target Despite Bearish Momentum

AAVE Price Prediction: $105 Target Within 48 Hours as Smart Money Accumulates

April 29, 2026
Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

April 30, 2026
Bitfinex Says Expect Bullish Q4 as Bitcoin on Track for Significant Move

Bitcoin’s Bullish Signals Strengthen Despite Recent Hash Rate Dip

April 27, 2026
Bitcoin Retests $95,000, Is A New Year Rebound Coming?

Bitcoin Faces ‘Most Critical Week In Months’ Amid $76,000 Retest

April 29, 2026
Spain Raid on Largest Manga Piracy Site Uncovers Crypto Wallets Hidden in Thermometer

Spain Raid on Largest Manga Piracy Site Uncovers Crypto Wallets Hidden in Thermometer

April 24, 2026
Why A Massive Breakout Is Brewing

Why A Massive Breakout Is Brewing

April 28, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

April 30, 2026
Clarity Act and Crypto Tax Loophole: White House Billions Dollar Proposal

Clarity Act and Crypto Tax Loophole: White House Billions Dollar Proposal

April 30, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.