Tallinn, Estonia – Kompute, an Estonia-based blockchain company, has released a decentralized cloud computing model based on tokens designed specifically for Web3, offering greater anonymity and control. Developed using extensively tested open-source technologies, Kompute’s decentralized network is deployed on Ethereum, with the off-chain layer running on Kubernetes.

This structure enables high availability, easy scalability, and reliable, cost-effective cloud computing services. For more information, see https://kompute.network/.

“AWS, GCP, and many other big names are leading the way in centralized cloud computing. The problem is that they control users’ data, access to computing power and privacy,” said Xabier Almazor, CEO of Kompute.

Compute is the “AWS” of the Web3 economy, connecting cloud service consumers with network resource providers looking to generate revenue.

• Every transaction on the network is enforced by smart contracts and recorded on the blockchain.
• Network providers have an incentive to provide resources and keep the network secure.
• There are multiple levels of confidentiality to protect intellectual property.
• Only authorized actions against the blockchain are allowed, ensuring code and data integrity.

This is how compute works

The process begins when a user initiates a request to deploy an application using the blockchain. The node validates the request and initiates execution of the computational task. Kubernetes manages the execution of the task using secured containers and considering network capacity. The node is rewarded for allowing the network to use its computing resources.

The user gets all the computing power they need. The node owner is rewarded for sharing their computing power and keeping the network secure. All of this happens in real-time and is recorded on the blockchain to ensure the security and anonymity of the transaction.

What it means for Web3

The future of the internet is much…