The conception, development, and implementation of numerous processor-intensive tasks fuel the ever-increasing need for computer power. Most of the time, it is difficult for people, companies, and even academic institutions to use rising computing capacity without making substantial infrastructure investments, including supercomputers.
This means a computer or virtual machine that operates at the highest level of currently possible computing power.
Decentralized supercomputers provide solutions with a wide range of processing power, continuous uptime, and financial incentives, among other advantages.
The cloud computing market is massive, and many revolutionary applications will result from decentralized cloud computing platforms. Decentralized cloud computers will power the new Web3 economy and provide vital infrastructure for DeFi 2.0. This article will cover our pick of the Top 5 Supercomputer crypto coins to watch in 2022.
Note: The list below is ordered by the market capitalization of each project, lowest to highest.
#5 iExec RLC (RLC)
- Market Cap – $81,609,911
- Price – $1.01
The goal of iEx.ec is to give distributed applications using blockchain technology scalable, safe, and simple access to the services, data, and computing resources they require.
With the help of this technology, which is dependent on Ethereum smart contracts, a virtual Cloud infrastructure that offers on-demand high-performance computing services may be built.
In the area of desktop grid computing, iExec makes use of several research technologies created at the INRIA and CNRS research institutes.
The goal of Desktop Grid, also known as Volunteer Computing, is to pool unused Internet computer resources to run highly complex parallel programs for a small fraction of the price of a conventional supercomputer. iExec was established to reinvent cloud computing by developing a new cloud computing paradigm.
iExec is committed to building the Internet’s next step. iExec can support Big Data & AI ecosystems, healthcare, rendering, and fintech.
TEE, or Trusted Execution Environment, was developed by iExec for a high level of security.
This is a safe location in the CPU of a machine that can ensure the execution of the code. In other words, because the logic of the code is implemented at the hardware level, it ensures that it cannot be altered.
This guarantees that accessing information given by the Web2 infrastructure after exiting a smart contract is secure.
Some top exchanges for trading iExec $RLC includes Bittrex, Uniswap V2, Binance, Upbit, VCC Exchange, and HitBTC.
#4 Render Token (RNDR)
- Market Cap – $125,258,236
- Price – $0.4935
As the name suggests, launched in June 2020, the Render Token (RNDR) is a provider of decentralized GPU-based rendering, with a vision to democratize GPU cloud rendering.
Render Network’s utility includes the ability for users to render GPU-intensive projects like Animations, Video, and more. The Render Network provides an efficient, widely-scalable, and powerful rendering network costing pennies on the dollar, making it perfect for average users looking to complete GPU-intensive tasks without investing thousands in their equipment.
Instead of purchasing expensive graphic cards, users can create a task for the Render Network, pay a nominal fee in cryptocurrency, and get their projects rendered much faster and cheaper than any other solution currently available.
The Render Network (RNDR) is classified as a Supercomputer token due to its distributed GPU rendering network, which could be thought of as a supercomputer running on the Blockchain with a single primary use case – rendering.
While the network is still in its relatively early stages, users can sign up to the platform and fill out an interest form to apply for a node on the platform. If you’re running one of the latest GPUs, becoming a node on the Render Network could provide you with passive income for no extra work.
The native utility asset for the Render Network is the ERC-20 RNDR token, which is also Polygon-compatible.
You can purchase RNDR on Poloniex, Phemex, MEXC, Gemini, Coinbase, Binance, FTX, KuCoin, Huobi Global, etc.
#3 Golem (GNT)
- Market Cap – $239,232,036
- Price – $0.2394
A novel method of providing redundant computing power to people who require it on demand is through the Golem Network, a decentralized computation network.
It establishes a peer-to-peer network where users can join equally and trade computing, breaking down challenging jobs into simpler subtasks. No user in Golem is more or less significant than another user, and there is no central authority.
The Golem Network Token, or GNT, is the currency that powers our marketplace and is required to pay for computations on the network.
As a Requestor, you bid on how much $GNT you are ready to spend to complete your assignment. You can get $GNT as a Provider by performing calculations for Requestors.
Golem’s platform serves a wide range of users; while the present testnet focuses on CGI rendering, as it develops, one can imagine the range of potential requestors widening and potentially including:
- Businesses wishing to crunch large amounts of data
- Programmers running dApps
- Scientists simulating large-scale models
- Machine learning
Some top cryptocurrency exchanges for trading in Golem stock $GNT are currently Binance, Bitget, OKX, DigiFinex, and KuCoin.
#2 Storj (STORJ)
- Market Cap – $255,670,697
- Price – $0.6453
Storj stands out from other cloud storage networks in a variety of ways. Storj operates on a network of thousands of separate computers, unlike standard cloud storage solutions that keep data in big data centers.
Anyone with a few extra terabytes of space can join the platform as a node by installing Tardigrade, a reliable and robust internet connection.
Because of the network’s efficiency, hosts pay significantly less for their data storage than they would if they used conventional cloud storage services.
The storage node network is entirely trust-free, i.e., the data is fully encrypted using keys belonging to the owner and cannot be accessed in any way by Storj or the node operators.
Storj is called an open-source cloud storage system and is pronounced as “storage.” In essence, it hosts user data on a decentralized network of nodes. The platform uses cutting-edge encryption to secure hosted data as well.
Some top cryptocurrency exchanges for trading in $STORJ are Binance, Bybit, Bitget, OKX, and MEXC.
#1 Chainlink (LINK)
- Market Cap – $2,932,431,085
- Price – $6.28
A blockchain abstraction layer called Chainlink enables globally interconnected smart contracts. Chainlink, a decentralized oracle network, enables blockchains to interact securely with external data feeds, events, and payment methods while providing the crucial off-chain information required by sophisticated smart contracts, which are quickly taking over as the primary type of digital contract.
Chainlink offers applications a vast array of services powered by oracle computation, including Chainlink Keepers, Chainlink Verifiable Random Function (VRF), Off-Chain Reporting (OCR), and the Cross-Chain Interoperability Protocol (CCIP).
Oracles provide purposes that go beyond simply providing blockchains with outside data. On behalf of smart contracts, oracles can also carry out a brand-new class of trust-minimized off-chain computing known as “oracle computation.”
Oracle computing lies in the middle between controlled Web 2.0 and decentralized blockchain computing, outperforming blockchains in terms of performance and feature richness while outperforming Web 2.0 systems in terms of tamper resistance and transparency.
By enhancing scalability, cost-efficiency, and privacy, as well as opening up access to additional features like order fairness, verifiable randomization, off-chain aggregation, and transaction automation, Oracle computation expands the potential of smart contract execution.
Some top cryptocurrency exchanges for trading in $LINK are Binance, Bybit, Bitget, OKX, and MEXC.
Final Thoughts
Generally, Blockchain is incredibly unfriendly to the environment. However, Scientists are currently working on lowering Blockchain’s energy usage while boosting its scalability using the lessons acquired from supercomputing.
The distributed nature and protocols of various blockchains make it a perfect technology to utilize for creating and managing distributed computing networks. Decentralized cloud computing will undoubtedly be vital to the new Web3 economy, next-generation DeFi, and Finance apps and provide the infrastructure required to push the blockchain industry into a new paradigm.
Disclosure: This is not trading or investment advice. Always do your research before buying any Supercomputer tokens or investing in any cryptocurrency.
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