As the end of Q2 comes to a close, here come a whole new batch of platform launches. I’m talking about, of course, the fact that so many cryptocurrency-related projects that have held ICOs in the past year or so have promised that their solutions would be officially launched in the “end of Q2” or during “early Q3.”
While a good handful of these launches will almost certainly suffer some sort of delay, or even launch semi-successfully only to end up with some horrible software issue, at least one seems to be on track to pull it off: SONM (SNM).
— SONM (@sonmdevelopment) June 29, 2018
So, what is this blockchain-based venture all about, anyway?
What is SONM (SNM)?
This project isn’t exactly delving into undiscovered territory, as it is a platform that will allow its users to buy and sell their computing power on a decentralized network. There are already multiple projects that sort of tackle the same market need: internet as a service (IaaS). It will do a lot of other things, too – like web hosting and game servers.
This is how they describe it on their site:
“SONM is offering general-purpose computing cloud-like services (IaaS, PaaS) based on fog computing as a backend. Computing power suppliers (hosts) all over the world can contribute their computing power to SONM marketplace.”
You are going to have to go and do your own in-depth reading about this network before you participate (as you should always do).
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.