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We present a solution which will help individuals, hosting providers, companies owning unutilized datacenters and “ex-cryptocurrency-miners” to get worldwide reach within minutes by connecting to the Unchainet network, renting their available server resources to a wide audience, and earning money while supporting the open internet. We call this beneficial mining. The consumed energy brings value (benefit) to clients and is not wasted in large amounts just to keep the network running.
Cloud clients will at the same time be able to access huge computational power for research, AI training, or for web and API hosting at better prices. These will be based on current market pricing and very low Unchainet network maintenance fees.
Unchainet aims to be more than “just another” cloud provider. The Unchainet network will be built with blockchain technologies at its heart, allowing resource trading in its UNET cryptocurrency, which will run on a fast custom-made blockchain with Proof of Beneficial Work algorithm. Quality and trustworthiness of nodes (i.e. providers) will be constantly and transparently monitored by QoS Chain technology allowing free transactions on a massive scale while keeping true decentralization backed by resource trading crypto-economy.
In later phases of the project, this will allow UNET tokens to be used outside of Unchainet platform, powering microtransactions in other apps. Modular Unchainet blockchain architecture and our “blockchain as a service” offering will enable developers to create custom blockchain apps with significantly more use cases than current smart contract platforms.