Computecoin Network (CCN), a self-evolving computer with $2 million in funding and created to serve the metaverse, launched its testnet on September 27th. CCN primarily focuses on enabling metaverse applications by integrating and configuring decentralized clouds such as Filecoin, DFINITY, and data centers. Interested miners can apply to be a part of the testnet’s first phase. According to the team at CCN – ETH, BZZ, and FIL miners are already involved.
Testnet’s Objectives
The Major goals of this launch are to:
- Verifying the consensus algorithm for blockchain production
- Computational demands that outperform the largest blockchains
- Integrating and dynamically modifying decentralized clouds to offload computation to proximity networks, providing developers and consumers great, fast, economical, and reliable meta power.
According to the announcement:
“Computecoin is the first project to specifically take on the computational challenges facing metaverse applications. We envision a platform that can provide rich, low-cost, instantaneous, and trustable computing power to metaverse developers and users. For the past two years, we have been working hard to lay the groundwork for Computecoin. We are thrilled to finally invite miners to join our testnet when it launches.”
Proof of Honesty (PoH)
Computecoin’s unique consensus mechanism enables its self-governing ecosystem by allowing users to verify the results of outsourced computing jobs. This patent is called “Proof of Honesty” (PoH). According to the press release, Computecoin currently oversees a “couple” patents in the US. “Distributed Computing Using Blockchain Technologies” is another patent that provides a fundamental architecture for decentralized clouds, allowing for a more decentralized ecosystem.
Mourad Mazouni, CEO of Computecoin, Added:
“Our patented PoH consensus algorithm ensures that every virtual machine on our network executes tasks faithfully and completely to provide the processing capacity that metaverse applications require.”
Join The Testnet As A Miner
On September 27th, 2021, at 10 p.m. ET, CCN will begin accepting mining applications on its official website. More information on how to join testnet may be found here.
The chosen applicants will act as CCN founding miners, assisting in the network’s governance and block generation. Miners will be selected at random to manage the network in each epoch in the future, with CCN tokens as a reward. The probability of being chosen is quite proportional to the amount of meta power miners contribute to the network.
Dome-A 1.0 is now LIVE.
Miners can apply to join the testnet via https://t.co/5rtZL8xyoM pic.twitter.com/i0meZxKUb8
— Computecoin (@computecoinnet) September 28, 2021
About Computecoin
Computecoin is a self-evolving computer created to power the metaverse—the ever-changing patchwork of virtual worlds where people live, work and play. Computecoin, based in New York City, currently has a global team of over 40 people, with members hailing from New York, Silicon Valley, Chicago, Montreal, Beijing, Shanghai, and Bulgaria.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.
This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.
