What is HiveNet

HiveNet is a Distributed Cloud Computing Network, which connects

computers all around the world to perform valuable computing tasks.

Can you imagine your computer earning money while you sleep?

HiveNet turns your computer’s idle times into an income!

During these times your computer’s power is securely rented out to paying customers who perform their calculations (e.g. scientific research, weather forecast, big data analysis).

 

Benefits of HiveNet

Computer Owners

How many hours per day are you actually using your computer?

Just imagine your computer earning you some profit during the rest of the day. HiveNet makes it possible by securely delivering valuable computing tasks of paying customers to your computer.

All you need is a computer with an internet connection.

Crypto Traders

HiveNet has its own inherent cryptocurrency: the HiveCoin. HiveCoins are used to pay for computing power within the HiveNet. Hereby an ongoing demand for HiveCoins is ensured and will create one of the few cryptocurrencies with a real, fundamental value, which provides excellent short- and long-term opportunities for traders.

Customers

HiveNet is much cheaper than traditional cloud computing. How? Because many important cost levers that apply to traditional providers (e.g. Amazon Web Services) don’t apply for HiveNet, because it utilizes idle times of already available computers. So, there is no need to invest into new computers, housing and many other operational costs.

Nature

HiveNet increases the usage of available computers. Thereby less resources are consumed to build new computers and less electronic garbage is created.

Also, the HiveNet Blockchain is using a highly economic Proof-of-Stake consensus mechanism, which is much more resource saving than most available blockchains.

 

How it works

HiveNet

User Client

The HiveNet User Client is the user’s all-in-one tool and includes the computing, blockchain and wallet software modules. It enables an easy and user-friendly handling without the need for profound technological know-how.

HiveNet Blockchain

The HiveNet Blockchain is secured by a highly efficient

Proof-of-Stake consensus mechanism. It is specifically optimized for the HiveNet and combines high security with fast transactions.

HiveNet Task Management System (HTMS)

The HTMS is the core technology of the HiveNet’s decentralized cloud computing network. It ensures the optimal orchestration of customer tasks, the secure validation of computing results and the fair payment of computer owners.

 

Roadmap

current state as of 23.11.2019

 

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