eternal light: HiveNet

HiveNet

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).

Abstract

During recent years, the adoption of cloud computing by companies and individuals all over the

world has been expanding at highest pace, because outsourcing of computing power is more flexible

and often cheaper than setting up an own dedicated computing center. Today, cloud computing

represents a major business sector, which generates several hundred billion dollars of revenue each

year. The trend continues and the cloud computing industry will grow by about 16 % annually

throughout the upcoming years [1]. Nevertheless, computing resources remain expensive, mainly

due to the high costs associated with procuring and maintaining hardware on the providers’ end, as

well as the huge margins, which are a result of the market’s monopolization [2, 3]. Meanwhile, all

over the world innumerable private and business computers are idle during most hours of the day.

HiveNet will provide the technological solution to utilize these idle computer times by building up a

distributed cloud computing network. This will enable computer owners to make a profit from the

idle times of their computers. HiveNet achieves this by creating an isolated environment on

computers, which allows renting out computing power while still ensuring security against potential

threats. For cloud computing customers, HiveNet will be much cheaper than traditional providers,

because HiveNet will utilize existing idle resources and thereby saves on most relevant cost drivers,

like for example amortization of hardware investments.

Computer owners will receive a fair share from customer payments, depending on the provided

amount of resources. Though, payments in any specific national currency would be infeasible for

many reasons, like for example the huge costs for financial service providers when transferring

money across borders. We solve these constraints by introducing the HiveCoin, which will be the

inherent blockchain-powered cryptocurrency of the HiveNet. The HiveCoin will be a fast, simple and

secure payment system, which will be free of transaction costs. This way, the financial interests of

customers and computer owners are conveniently aligned. In order to ensure a wide distribution and

decentralization of HiveCoins and to fund further development, the largest portion will be sold to the

public.

HiveNet aims to enable public decentralization of the cloud computing industry and empowerment

of computer owners all around the world. HiveNet will also have a positive impact on the

environment, because it will increase the usage of available computers. This way, less resources will

be consumed to build new computers and less electronic garbage will be created

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.

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.

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.

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