- Decentralized cloud computing solutions can guarantee the constant availability of online resources by avoiding single points of failure
- Ethernity CLOUD offers a seamless transition from existing cloud infrastructure to its decentralized cloud computing ecosystem
- The ICO will go live sometime in Q3, the exact date has yet to be announced
Leveraging blockchain technology, Ethernity CLOUD is on a mission to restore user data privacy and foster data sovereignty in all aspects. The team behind Ethernity CLOUD is striving to create a decentralized, private and anonymous cloud computing solution that protects all aspects of user data, while accommodating regular software with high availability and support.
Ethernity CLOUD’s technology and the benefits of blockchain-powered cloud computing
At the moment, cloud computing is mostly dominated by big tech giants. Microsoft, Amazon and Google, have established themselves as the clear frontrunners in the sector. However, most current cloud computing solutions have a glaring weakness – they are all centralized. As such, big data centers are the most common targets of various hacking attacks. Ethernity CLOUD is looking to cut out the middleman and replace them with blockchain-based smart contracts.
Ethernity CLOUD is entering the space of cloud computing with a new perspective, looking to disrupt the established pecking order. Ethernity CLOUD is leveraging the power of distributed ledger to create a decentralized cloud platform, with user privacy and data security being the top priorities.
To create a successful decentralized cloud computing platform, user data must not only be heavily encrypted and confidential but also hosted among a network of interconnected computing systems, ranging from powerful datacenter servers to personal computers. The users will be able to monetize their idle computing resources and join the public fog computing infrastructure.
In order to achieve this feat, the Ethernity CLOUD’s software infrastructure is built upon open-source fundamentals and created so it can be run as cloud-based decentralized apps (DApps). Furthermore, the software was engineered in a way to make the transition from existing centralized cloud providers to Ethernity CLOUD service as seamless as possible. The ease with which users can migrate their data from current cloud services to Ethernity CLOUD is the main differentiating factor from other decentralized cloud platforms.
Ethernity CLOUD has sold off 90% of its presale tokens in just 9 hours
The presale held back in June was a huge success, which sends a clear message about just how high the demand is for a decentralized cloud solution that primarily focuses on privacy. The fact that the minimum investment package was set at a hefty $5,000 limit and that the 53 million available ETNY tokens were sold off in a little over a day, shows how overwhelming the support of the community was. Altogether, $200,000 was raised in 25 hours.
Since the June presale, Ethernity CLOUD announced that they have managed to secure a partnership with the Bank of Memories and the Institute for Internet Security. The partnerships will undoubtedly aid the company in its process of building a decentralized and secure cloud computing ecosystem.
The public sale is scheduled for the third quarter of 2021
As the presale was such a huge success, it is to be expected that once the public sale goes live later in the year, it will garner the same amount of interest among the general public. The exact date for the initial public offering (ICO) has yet to be announced beyond the fact it will go live sometime in Q3 2021. There will be additional 300 million tokens available during the sale.
For the upcoming public sale, the team is focused on making Etherenity CLOUD available to everyone. Using community feedback, they have put together various packages, in order to extend the pool of potential participants and create an enticing investment proposition for any budget.