The Web keeps on growing — alongside its problems. Data is becoming ever more centralized which makes it subject to theft, corruption, accidental loss, and censorship. Centralization puts the freedom of the Internet in danger by facilitating state restrictions, end of net neutrality, and other similar issues. At the same time, we will soon face the challenge of capacity shortage with the existing data centers, when the amount of information stored online becomes unmanageable for them.
Blockchain-based hosting provider
DeNet is creating a decentralized platform on blockchain that will make the processing power of devices from across the globe available to those who need it. All data within the ecosystem will be stored on multiple devices. Distributed and encrypted, it will be protected from third parties. At the same time, owners of the devices get rewarded for renting them out.
DNET tokens for processing power
The ecosystem of DeNet is built around two types of users:
Customers who purchase computing power and space capacity;
Owners of computer power and capacity who rent it out.
The relationships between the two types are based on the DNET tokens which will be the accounting currency within the platform. Payment for using the platform’s main services and additional features will also be provided in DNETs.
DeNet key features
Data security
All information stored on the DeNet platform is distributed and encrypted. The security of information of a website is further enhanced by granting the exclusive right to manage and control it to the website owner. Allocating the data to multiple servers protects it from loss and errors which reduces website crashes.
Transparent payments
Users only pay for services provided within the ecosystem.
Simplicity of use
DeNet promises to make the platform easy to use by everyone, no matter the level and experience. All features will be available via browser.
Business opportunity
Server equipment owners are welcome to sell their processing power using DeNet.
Competition
The DeNet whitepaper features a comparison charts demonstrating how they are different from other similar solutions, both centralized and decentralized such as Substratum, Storj, HostCoin, and others. According to this chart, the key competitive advantages with DeNet against similar blockchain-based solutions include:
Web hosting feature;
Running applications;
Dynamic file storage; and
No need to install any apps.
As for the platforms that are not based on blockchain DeNet sees their main advantage in the independence from the government agencies.
This analysis of the competitive environment creates a positive impression. It makes us think that the team behind DeNet keeps their eye open and is well-aware of the situation in their target market.
DNET token sale summary
Conclusion
The team behind DeNet does not labor under the illusion that their solution is completely unique and innovative, neither are they trying to convince the audience of that. Instead, they demonstrate awareness of the competitive environment in their target market and vision of their own major competitive advantages. The market is yet new and we believe that they have a chance to make it to the top.
The team management is comprised of specialists with proven expertise in IT and trading which further adds up to the positive impression. Their plans on token sale and use of proceeds are presented in detail in the DeNet whitepaper. Another thing that convinces us of the team’s determination to develop the platform is that they have already presented the minimum viable product (MVP). Overall, DeNet looks like a promising project.
