For some time now there have been series of discussions centering around cloud computing. These talks are dominating discussions in the tech world, apparently, because there are demands for corporations, banks and government establishments to store the data they generate daily as well as provide backup for big data. From national database to financial transactions, daily sales to government biometrics, these records increase with each passing day, and they need to be processed, managed and backed up for future use and planning purpose. Indeed, these records are updated every day, making it critical for more data storage mediums to be developed.
Data Storage
Well, as these institutions continue to seek more media to store their data, tech companies around the world are increasingly investing in innovative research to solve these processing and storage issues. But then, these tech solutions which the tech giants provide don’t come cheap. Make no mistakes about it, records must be generated, but the big challenge lies on how to process, store and back them up. Then again, what if there was a cheap, secure medium that is capable of processing and storing records, leveraging the backbone of artificial intelligence (AI) and blockchain technology? Yes, there is, actually! And that’s what IAGON is about.
IAGON
IAGON is a tech company that deploys the capabilities of blockchain-based AI decentralized architecture to optimize spare computing power and storage. By doing so, IAGON is creating a destructive innovation that will function as a decentralized computing network, improving existing data processor and storage capacity. Underlying the tamper-proof and decentralized blockchain technology, IAGON’s platform is built to use smart device resources in providing users with innovative, high-performing and cheap web-based and DApp (decentralized application) solutions.
Unlike the Proof of Work (PoW) and Proof of Stake (PoS) which are the commonest consensus algorithms in many blockchain systems, IAGON is modeled on Proof of Utilitarian Work (PoUW).
Understanding PoUW
Proof of Utilitarian Work (PoUW) is a consensus algorithm that uses the cloud services. Under this consensus mechanism, grid miners get rewarded by the network for performing decentralized computing tasks and storing user’s files. With this mechanism, files are maintained in many different locations (redundancy), thus slashing the cost of storing files.
Features of IAGON
Listed below are the unique features of IAGON:
The use of Alexandria Protocol, an AI-based protocol that enables the continuous analysis of miner’s computing performance parameters
A truly decentralized system which enhances system security
The use of PoUW
By promoting sharing and partnership with decentralized internet infrastructure solutions, IAGON enables internet-sharing economy
Excellent security: Hash cryptographic trees guarantee file security by using sharding techniques
Partnership with data centers: IAGON has successfully partnered with Oracle, Cloud28+, Ties.OB as critical tech partners.
Investor Counsel
As an investor, one question you may be asking yourself now is, “Is IAGON worth investing in?” The answer is simply YES, and here’s why:
The demand for devices or platforms that can process and manage big data will always be on the increase, making IAGON platform an essential tech solution provider
The ongoing partnership with major IT companies indicates acceptance, which is good news for all investors
Well, the IAGON tech solution is cheaper (eighty per cent cheaper than AWS Amazon Cloud Services) and will become popular around the world in the coming days.
To learn more about Iagon, feel free to click any of these links; website, whitepaper, telegram, twitter, facebook
Author - Coltpython
