By PAGE Editor

Decentralization is a vital component of the crypto sector because it ensures efficiency, safety, and better management without the involvement of financial institutions. Blockchains achieve decentralization with the support of nodes, miners, and validators worldwide who contribute to securing and verifying transactions. 

However, as the crypto industry expands, blockchains alone can be overwhelmed by the increasing amount of activity, so they need support from decentralized computing tools for parallel processing. This is necessary since networks can get congested easily, so these technologies leverage underutilized resources. 

Since these projects have their own crypto ecosystems, contributors receive rewards. For example, Render offers node operators, according to computing work, so they can receive and convert Render to USD to make computing services accessible. 

Decentralized computing tools are useful, so let’s examine some of the most popular projects on the market. 

Render Network 

The Render Foundation created the decentralized computing network Render to allow users and marketplaces to rent out unused GPU power. Through the proof of render consensus, creators benefit from scalability, privacy, and security while processing high-quality graphics and training AI models on the network. 

Node operators receive rewards in the native token RNDR for completing the validation process. Cryptocurrency also serves as a means of governance. The Render Network has recently received a lot of attention due to its capabilities to train AI models by leveraging GPU power. Its use cases also include rendering graphics in movies and games. 

The network was initially deployed on the Ethereum blockchain but has recently upgraded to Solana to have better access to real-time streaming and NFTs at low fees and high transaction speeds. Render is an excellent solution for ecosystems seeking to improve their scalability, privacy, and transparency. 

Spindl 

Spindl is an on-chain growth platform aimed at pushing Web3 adoption. The technology focuses on systems of attribution, analytics, and referrals and can be easily integrated into websites and mobile apps. At the same time, Spindl is based on Web 2 infrastructure to help Web blockchain companies. 

In a way, Spindl focuses more on marketing for companies as the on-chain ad network connects advertisers and publishers to attribution services that include customers. Only these publishers provide crypto wallets that have the infrastructure of social media apps. 

Therefore, advertisers can fund campaigns to raise money for publishers, bringing numerous advantages for both parties. The solution is more transparent and fairer than using customers’ personal data because it relies solely on public chain transactions. 

HyperOracle 

The HyperOracle solution is a trustless AI product created for Ethereum to solve smart contract limitations and vulnerabilities. The programmable zkOracle protocol helps develop dApps better by providing arbitrary computation, trustless automation, and rich data sources for developers and nodes. 

It’s a straightforward solution for making zero-knowledge technology more approachable by blockchain developers, who can run optimistic machine learning (OML) solutions on networks. This feature ensures optimal performance and security simultaneously. 

HyperOracle also supports the tokenization of AI models for sustainable project funding and community-driven innovation. The projects support creating Initial Mode Offerings through which ERC-20 tokens are created for purchases and shares. Holders of the token also receive revenue generated by the AI model. 

OORT 

OORT is a revolutionary decentralized cloud solution targeting privacy and cost efficiency. The main technology here is natural language, through which people gain control of their data. Since affordable computing is demanded in continuously evolving sectors like Web3 and the Metaverse, OORT can lead to the faster adoption of decentralization. 

The OORT system is based on data centers and entries through which AI can learn how to become more trustworthy in the world of technology. That’s why its storage, computing, and bandwidth features are affordable for companies. The enterprise-grade performance enhances efficiency and cost reduction. 

Everything that happens throughout the AI cycle is recorded on the blockchain, making OORT highly transparent. In addition, the worldwide collaboration makes it the best platform for data generation and sharing. OORT supports different types of nodes:

• Super nodes for public and private cloud servers;

• Edge nodes include Deimos, mobile devices, and PCs;

• Backup nodes integrated from storage nodes of Filecoin, Storj, and Crust;

DeNet Storage 

The last decentralized computing tool on the list is DeNet Storage. The protocol employs decentralized storage solutions for spare storage around the globe to eliminate the need for centralized data centers to handle it. The technology is supported by blockchain and Web3 solutions to ensure the fragmentation of files and their encryption securely. 

Anyone can now store their files anonymously and conveniently in a decentralized space. DeNet Storage supports the Smart Replication feature, through which multiple nodes hold files. At the same time, the data owner can only offer access to it by providing their private key. Users only need an Ethereum wallet, without any other personal data, to use the benefits of DeNet Storage. 

Users and storage providers receive rewards for tasks. In addition, there are no additional expenses or extra fees involved. What’s special about this solution is its user-friendly interface, which is unusual for a Web3 solution at the moment. Therefore, anyone can start storing their files through quick mobile access. 

Moreover, developers can start building into the storage layer and address various industries. For now, DeNet has been useful for finance, design, prototyping, and the NFT market, so its use cases are plentiful. Anyone can become a Datakeeper on the platform by providing storage3 for others and earning rewards. With low system requirements and optimized energy consumption, the number of Datakeepers across the globe increases daily. 

The future of Web3 is right here 

Web3 is the future of today’s internet infrastructure. It employs decentralization, safety, and trust, and decentralized computing tools push for innovation. These technologies make use of the world’s unused GPU power and transform it into something valuable and profitable. For example, Spindl paves the way to the next generation of marketing based on transactions rather than user data. On the other hand, DeNet Storage incentivizes users worldwide to provide storage solutions to others. 

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