When several computers are interconnected, but no computer occupies a privileged position, the network is usually referred to as a peer-to-peer network. In this type of network, every computer can communicate with all the other machines on the network, but in general, each one stores its own files and runs its own applications. With a client-server network, one or more servers will perform critical functions on behalf of the other machines (the clients) on the network. These functions might include user authentication, data storage, and the running of large, shared, resource-intensive applications such as databases and client relationship management (CRM) software. Typically, both peer-to-peer and client-server networks rely on a shared Internet connection for access to external resources of these basic network structures.
Peer-to-peer file sharing pretty much began with torrents. They are a type of file sharing protocol specializing in larger file downloads. The way torrents are encoded make it easier to download a large file, and even reputable resources are beginning to use them to make downloading files easier for users.
Torrent downloads are basically downloading from multiple personal computer systems, simultaneously, and combining data at the end to form the file you were looking for. Problem is, that it's WAY too easy to attach things to these files, and they just get swept into this whirlwind of information, broken apart and can easily invade your system after they're reconstructed INSIDE YOUR COMPUTER, behind your firewall. After that, it's just whether or not you have a good virus scanner that can detect it.
IP tattlers are a pain too, in that once you download something and activate it for the first time, it sends information to the watcher program containing the IP address of the computer you were using and where it was downloaded from. These watchers are paid by software development companies to bust people downloading non-free-to-play software.
One of the most asked question in this situation is, what am I suppose to do to use this awesome P2P technology?
This is where Monet Network comes into play.
MONET Network is building a public network architecture based on mobile ad hoc blockchains. The project’s goal is to bring blockchain to mobile applications, where users can coordinate themselves without delegating full responsibility to centralized third parties. The founders believe that the Monet ecosystem will ultimately empower a sharing economy that is void of expensive, centralized third-party facilitators that users are required to trust with the security of their data and information.
MONET is an open network architecture for mobile blockchains on demand. A blockchain on demand means that participants of a certain activity can form a temporary network for the duration of their interaction without a need of any centralized third party.
Monet’s vision is to develop a system that does not rely on a specific server but is designed for mobile apps where the users can connect with each other for the length of time to accomplish the tasks that they need, without the constant presence of a third party mediating every single interaction.
In another word, the MONET Network — an open network architecture for mobile ad hoc blockchains — enables groups of individuals involved in common tasks to form temporary connections, or networks, by using their mobile devices to coordinate themselves. This all takes place devoid of the need to rely upon third parties to handle their data. By creating an infrastructure for distributed mobile p2p applications, Monet is attempting to bolster the sharing economy by deploying blockchains to mobile.
There are many different ways that mobile ad hoc blockchains can be applied to real life user interactions: delivery, housing, office space, payments and loans, professional and personal services, pre-owned goods and custom products, networking, and learning, etc.
Transportation: Monet could enable a fully decentralized Uber that would cut out the expensive service provider intermediary via ad hoc blockchains.
Finance: Monet could allow for the creation of sharded cryptocurrencies, where the shards are mobile. Groups of individuals could withdraw funds from the main ledger, deposit into a temporary ad hoc blockchain, transact exclusively among themselves and then return to the main ledger.
Gaming: Monet could provide a free framework for game developers to connect with a network of users already equipped for p2p coordination, eliminating the need for a centralized server to coordinate multiplayer game participants.
The Monet Network counts with a master blockchain called MONET hub. The hub is a smart contract platform and uses a Proof of Stake consensus mechanism. It provides infrastructure services for applications on the network. Nodes run an instance of the Ethereum Virtual Machine. Monet is providing an open source software development kit (SDK) which allows external developers to add blockchain consensus to their applications.
Monet enables peer to peer ad hoc networks. Such mobile ad hoc networks are formed by small, local groups involved in a common activity. They may stop to exist once the activity is accomplished. Services can be exchanged among peers such as ridesharing, hosting or gaming.
Monet uses the Babble software, which is a modular, open-source, Byzantine fault-tolerant blockchain developed by Mosaic Networks. The founding team of Babble and Monet is identical.
TENOM is the name of the native token in the Monet ecosystem. Ad hoc blockchains and Monet Hub users are paying TENOM tokens to the Validators. On the other hand, Validators are required to stake TENOM tokens for the right to secure the Monet Hub. Delegators may support Validators and stake tokens for them and in return receive some of the Validator’s reward. As usage of the Monet platform increases so will the market capitalization of the TENOM token.
The Monet core team consists of three members.
Martin Arrivets is the CEO and co-founder of Mosaic Networks. He counts with five years of experience in software development and holds a Master Degree in Mathematics from the University of Chicago.
Giacomo Puri Purini is the CFO and co-founder of Mosaic Networks. He holds a Master Degree in Mathematics from Columbia University.
Kevin Jones is a software developer at Mosaic Networks with eight years of previous experience in software development.
Among the advisors of Monet is Mark Stuart Day, a researcher and blockchain author with several patents, Mauro Martini, a professor in Boston, Ronan Lynch, an early blockchain pioneer, and Abdi Hersi, who has a background in asset management and private equity.
Monet Team did not release any token metrics yet. So that we should wait for them to release their ICO Metrics information.