SWIFTPOOL : Making cloud computing cheaper, easier, secure and more accessible for everyone

The public cloud service landscape is dominated by major companies such as Amazon with AWS. Swathes of businesses host their applications and IT infrastructure on cloud servers, driving massive control of data by Amazon and other cloud service providers like Microsoft with Azure.

However, that dynamic is rapidly changing as upcoming startups look to redefine the cloud-based ecosystem with decentralized public cloud services based on blockchains. Some of these projects are even integrating AI to assist the network in scaling and efficiently allocating resources.

Platforms like Swiftpool strive to become the priority among business entities for hosting their applications and network infrastructure without sacrificing their data sovereignty.

Swiftpool Blockchain based cloud computing network

The Swiftpool project is a decentralised cloud solution under development with an aim of offering Clients the infrastructure to run applications at cheaper prices compared to traditional cloud service providers, and Data Centres the infrastructure to create new revenue streams from their under-utilised capacity. This will be obtained by ensuring a high level of service availability, easy integration and secure communication.

Traditionally, cloud computing has been developed by creating Virtual Machines, emulations that make it possible to run what appear to be many separate computers on hardware that is actually one computer. Virtual Machines take a lot of system resources (CPU and RAM) to run, take minutes to start and they incur in complex software development resource management. Swiftpool offers Cloud computing services as solution that allows access to remote data storage and applications via the internet, rather than having it stored locally (hard drives/local servers) that require large upfront investment and costly on-going maintenance. Within the Swiftpool, the virtual machines are run by hypervisors that are organized into pools and controlled by operational support systems.

Swiftpool offers a lot of benefits to users, developers, and businesses. Regardless of their success in accelerating innovation via outsourced computation and storage, they have their shortcomings. Data privacy and security are two of the primary problems that continue to remain endemic among centralized server systems. Moreover, intermediary costs in complex integrated systems are expensive and rigid, often exceptionally challenging to alter.

Swiftpool project is focusing on the convergence of AI and blockchains. By building cloud services over a decentralized blockchain network, central points of failure are removed, and AI can automate processes — such as resource allocation — across the network, adapting to system needs. Swiftpool aims to minimize the hassle and unnecessary limitations of bureaucracy and build an easy-to-use, fullproof platform for the masses.

Swiftpool token (SPL) details and usage

Swiftpool is set to implement a unique cryptocurrency called Swiftpool Coin (symbol: SPL). SPL is a digital currency that powers the SwiftPools economy. It can be used to pay for all the services and products within Swiftpool ecosystem. Created with the future in mind, it uses the most secure POS and masternode network.

Beyond this, users can generate SPL by staking their coins, or by running a masternode. In summary, they earn SPL by securing or providing services to the SwiftPools network.

Token Details

Name: Swift Pools coin
Symbol: SPL
Maximum Supply: 500,000,000
Premine: 10,000,000 (2%)
Algorithm: quark
Blockchain: dash
Port: 2233
Rpcport: 2232
Masternode Reward: 84% annually
Staking Reward: up to 16%
Masternode collateral: 10,000 SPL (equivalent to $1000)
fees: 0.00001spl per kb
Block Time: 60 secs
Maturity: 100 Block
Minimum staking age: 6 hours

Conclusion

Given how the cloud storage market is expected to double in value by 2022, there is still room for new participants to step onto the playing field.

Even though tech giants such as Microsoft, Amazon, and IBM are currently in control of the cloud storage industry, the mass cost reduction provided by a decentralized, incentivized cloud storage network could seriously reinvent the market for extra storage capacity, and Swiftpool as
the key platform powering this future.

Fore more details:

Website; https://swiftpools.net/
Telegram group http://t.me/swiftpoolsbounty
Whitepaper https://swiftpools.net/img/swift.pdf
Discord https://discordapp.com/invite/HC2wr6N
Linkedin https://www.linkedin.com/company/swiftpools-limited
Facebook https://fb.me/swiftpoolsofficial
Twitter https://twitter.com/_Swiftpools

Authorship:

Bitcointalk Username: brotherhood12
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2049688