What is SONM (BEP-20)?

SONM (BEP-20) (SNM) is a decentralized, global system for general-purpose computing, implemented as a fog computing structure. It strives to provide cloud services based on distributed customer-level hardware, including PCs, mining equipment, and servers. Users have the option to make their hardware available or utilize the computing power of others for their needs. The SNM token is an internal currency on the SONM computing power marketplace, which users can utilize to access the resources provided by SONM. The platform's main concept is the use of a decentralized network formed from disparate individual computing devices, as opposed to a single data center structure.

How does SONM (BEP-20) work?

SONM (BEP-20) operates by providing a computing platform for real-world applications. It organizes worldwide computations that can serve to complete numerous tasks, from CGI rendering to scientific computations. The platform is abstracted from the computing architecture and virtualization technology, currently supporting amd64 and Docker, with plans for future expansion. SONM resources are not solely based on data centers but on a wider range of sources, including people's computers and data centers selling excessive powers. This approach allows for scalability, geographical distribution, and an open infrastructure.

What are the potential use cases for SONM (BEP-20)?

SONM (BEP-20) has a wide range of potential use cases. It can be utilized by AI SaaS companies, AI engineers, BigData projects, cloud providers, compute-intensive services, computer graphic studios, render farms, render software developers, miners, R&D teams, web services admins, and regular companies with spare computing resources. It can also be used for machine learning, video rendering, web hosting, scientific calculations, and backend for managed data storage services. The platform strives to provide both individuals and businesses an opportunity to use enormous amounts of decentralized computing resources.

What is the history of SONM (BEP-20)?

SONM (BEP-20) was created with the mission to establish a global decentralized marketplace of computing power. It strives to provide both individuals and businesses an opportunity to use enormous amounts of decentralized computing resources. The platform also seeks to enable individual owners of computing resources to profit from renting it out. The main persons in SONM are Customers and Suppliers. Customers can select any rental time or computer architecture they need for their project and they set the cost. Suppliers, as resource owners, receive tokens in exchange for providing computing power to Customers for their calculations. The platform is more cost-effective compared to centralized alternatives.