Hypernet Announces First Round of Advisors

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The rumors are true… Hypernet has announced its first three advisors!

Thousands of people have already shown their support for Hypernet, and we are excited to introduce you to three industry leaders who want to make sure we experience long-term success. Although these three individuals are only a part of Hypernet’s full advisory board, they represent our desire to seek out partners across a veriety of strategic industries who can help Hypernet expand and grow.

Without further ado, Hypernet would like to introduce:

  • Randall Kaplan, Co-Founder of Akamai Technologies
  • Joseph Urgo, Co-Founder District0x
  • Tony Reeves, CFO of Global Technology at Experian Plc

RANDALL KAPLAN

Randall is a co-founder of Akamai Technologies, the global leader in Content Delivery Network (CDN) services. Akamai serves nearly 25% of the world’s web traffic, is a member of the S&P 500, employs more than 7,600 people with 64 offices in 28 countries, and had $2.4 billion in 2017 revenues, making it one of only nine U.S.-based software and services companies that exceed $2 billion in annualized revenue. Randall is also the founder and CEO of JUMP Investors, a venture capital firm that also functions as his family office (notable investments include Google and Seagate.) Over the past 20 years, Randall has been an advisor to and investor in many successful traditional and crypto companies. He has served on the board of directors of multiple companies, has been an active public speaker, and has mentored more than 100 students through JUMP’s internships.

JOSEPH URGO

Joseph is the co-founder of District0x, an Ethereum dApp decentralizing the world’s marketplaces. Prior to this, Joseph founded Sourcerers.io, a consultancy supporting leading Ethereum-based projects. Before blazing his own path, Joe previously spent three years as an Operations Manager for Coinbase. Prior to Coinbase, he was a derivatives trader for Three Arrows Capital, an international hedge fund based in Singapore.

TONY REEVES

Tony Reeves is the Chief Financial Officer of Global Technology for Experian plc. As one of his many areas of responsibility, he leads their cloud infrastructure finance strategy. Experian has a revenue of $4.6B, with a presence in 37 countries. Tony has over 35 years of financial experience with a broad array of advanced technologies, from TRW Space and Defense to Experian credit bureau data centers and modernization efforts. His current responsibilities at Experian include financial integrity of enterprise technology investments, and Tony plays a key role in the strategic direction of the technology road map to modernize global credit bureaus. Over the course of his career, Tony has been heavily involved in over 50 acquisitions that have provided global expansion, critical technology capabilities, and new data sources.

What Happens When the Cloud Runs Out?

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Exciting new technologies like autonomous vehicles, artificial intelligence, and innovative life-saving medical treatments have at least one critical thing in common — they require massiveamounts of computational power to continue to evolve.

Satya Nadella, the CEO of Microsoft, recently declared that the world is quickly “running out of computing capacity.” Research teams working on groundbreaking innovations feel this pain every day. The more computational power they have, the faster they can run calculations and process data in order to engineer solutions to the world’s biggest problems. Despite many advances in recent years, gaining access to massive amounts of computational resources is still difficult and expensive.

Before the cloud:

In the days before cloud computing, teams working on major new technologies would have to build their own data centers to acquire the computational power they needed. This was slow and very, very expensive. The only groups that could afford to do this were huge companies, major universities, and governments.

Cloud computing changed this, making supercomputational power much less expensive and easier to access, thus opening it up to a much wider range of actors. This is one of the most important computing innovations that directly impacts and improves our lives on a daily basis.

Data Centers that power the cloud are still really expensive:

But there’s a catch… The data centers powering the cloud can’t keep up with demand. Creating a single new data center costs hundreds of millions of dollars, requires extended construction time, and has an enormous environmental impact. The big companies that build these data centers aren’t able to make them quickly, cheaply, or efficiently enough to continue enabling the type of innovation we need to solve the world’s biggest problems.

Even though the cloud is much less expensive than the old stand-alone proprietary infrastructure, the costs of creating and maintaining the cloud are still passed on to the customers. The traditional data-center model for providing computational power is becoming outdated, and it’s holding innovation back. This is exactly the challenge we are tackling at Hypernet.

A More Cost Effective, Scalable Approach:

Instead of a future filled with billions of dollars of capital investment, and years of construction, we believe the answer to the computational resource crisis is in the palm of your hand, in your kitchen, in your living room, and on your desk.

Hypernet is a distributed computational network that enables any device (from your mobile phone to your smart refrigerator) to contribute computational power to researchers who need it. We are surrounded by billions of devices that have an incredible amount of unused capacity, and Hypernet is capable of leveraging it.

In the past, attempts to built distributed networks were hampered by roadblocks like latency and network resilience. The Hypernet team has spent years developing a proprietary Distributed Average Consensus algorithm framework that has overcome these challenges.

With no massive capital expenditures or long construction times, Hypernet is opening up a virtually unlimited reserve of low cost, infinitely expandable computational power that will fuel the next generation of innovation.

Learn more about Hypernet:

If you’re as excited as we are about changing the world, or want to ask a question about Hypernet, then we invite you to join our Telegram community for the latest information.

Until next time,
Your HyperTeam
-Palo Alto, CA

How Hypernet Compares to Golem, Sonm, iExec, etc..

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At first glance, Hypernet may appear to be similar to other blockchain projects, such as Golem, Sonm, iExec, etc… Indeed, there are many problems which all 4 groups are able to solve equally well. But when you pop open the hood, you’ll see that the engine driving Hypernet is fundamentally new, with a brand new programming model — a programming model which is more powerful and versatile than the traditional architecture used by other blockchain computer projects.

This programming model is what makes Hypernet different. Existing models are not well suited to solve general computing problems on distributed networks, which constantly have computers popping in and out of a computation. And simply throwing blockchain at the problem doesn’t solve this fundamental constraint. Hypernet has architected and implemented a new programming model beneath the blockchain layer to handle distributed computation problems which require interprocess communication. This is not off-the-shelf tech. We created it ourselves, from the ground up.

Hypernet is based on the principle of Distributed Average Consensus (DAC), and it is the result of years of research, testing, and optimization. DAC+Blockchain allows for the efficient distribution of compute jobs, and effectively manages computers dropping on and off the network. Furthermore, it creates a secure backbone where buyers and providers of computational power can engage with confidence. Both the on-chain (scheduled) and off-chain (DAC) technology layers of Hypernet fit together hand in glove, and are both driven by consensus.

Now, if we examine Golem, Sonm, and iExec in more depth, we can see that they have built (or plan to build) their technical foundations on traditional computing architectures. These architectures were originally developed specifically to be used in data centers, and each group has bolted this data center architecture onto a blockchain network (albeit in different manners.)

These data center architectures have two unavoidable consequences when applied to a distributed network:

1. The amount of network communication and data transfer overhead is very high.

2. These architectures do not tolerate computers randomly dropping in and out of the network.

These problems arise because in an orderly data center you know the exact topology of the network, and exactly how the packets of information are flowing from processor to processor. Data center architectures are optimized for one topology, and one topology only. This is problematic on a distributed network because you don’t know the network topology, and it’s impossible to know the state and availability of every machine, so the topology constantly changes. This means that if you attempt to carry out a parallel compute job that requires any sort of back-and-forth communication between computers, then the data reductions will fail, and the program will fault. The data reductions are computationally fragile. This fragility can be strengthened, however, attempts to strengthen data reduction fragility will cause an increase in communication overhead. Naturally then, these traditional data center algorithms are expensive to employ over a distributed network, due to the need to transport terabytes upon terabytes of data. And again, they can only handle certain types of tasks to begin with.

This is perhaps why Golem, Sonm, and iExec seem to currently be focused on solving very specific issues. Golem is currently heavily focused on rendering, which is a great application that pairs well with their grid computing architecture. Sonm is primarily adapting existing hub and spoke architectures, with an emphasis on server hosting, to distributed networks. And iExec is focused on decentralized cloud computing, for specific use in certain research applications.

Hypernet wants to do more though. It was originally developed by researchers who did not have the computational availability to solve some of humanity’s most nagging problems. So, they set out to rethink and redesign computation from the ground up. Hypernet was specifically created in order to solve problems which were previously unsolvable, to enable machine learning in a more efficient and sustainable manner, and to support the community of users who will help make it all happen.

As Albert Einstein famously said, “ The significant problems we face cannot be solved at the same level of thinking we were at when we created them.” Hypernet is innovating the process of problem solving through parallel distributed computation, in order to create new and effective solutions to the world’s greatest challenges — and we can’t wait to see what problems we can solve when we all work together.

If you’re interested in finding out more, we are always available to answer questions in our Telegram early supporter community. We hope to see you there!

-The HyperTeam
Palo Alto, California

Why Hypernet is Built on the Blockchain

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One of the most common questions we get in our online community is, “Why does Hypernet need to be built on the blockchain?”

It’s a fair question. There is such a frenzy surrounding blockchain technology that all you have to do is tack “blockchain” or “crypto” onto something else and people go crazy. Many blockchain projects have proven to be a lot of talk with little substance. We want to address this head-on and be clear about whyHypernet is built on the blockchain, and how it leverages the technology.

The world is running out of computational capacity, which powers innovation in the fields of climate modeling, cancer research, autonomous vehicle development, and many other technologies that will improve people’s lives. We want to ensure everyone has the computing power they need to innovate.

Without blockchain technology it would be nearly impossible to do this effectively. Here are four critical ways blockchain enables Hypernet:

1) Collateral to Protect Against Bad Actors

In order to discourage malicious behavior, both buyers and sellers must stake collateral to join a job contract. Buyers submitting a job to the network post the full cost of the job to the smart contract when it is created. Sellers joining a job contract must also stake collateral. The amount of collateral required by a seller can be set by the buyer. This economically incentivizes reliable performance, otherwise the sellers risk losing their collateral.

2) Reputation System

A public ledger provides the accountability and transparency needed to make the Hypernet marketplace healthy. Since transactions are recorded in a smart contract on an open ledger, buyers and sellers are empowered to build reputational capital that will allow them to thrive in the marketplace.

3) Network Currency

HyperTokens will serve as a mechanism for buyers to pay sellers for their compute time. Market dynamics will then govern the prioritization of projects on the network. A compute job is prioritized according to its HyperToken price agreed upon by buyers and sellers in the marketplace.

4) Voting

In the event that the Hypernet protocol must be changed in the future due to technical demands, the revision will be subject to a voting process. The number of votes wielded by any peer will be proportional to the sum of HyperTokens associated with their account.

5) Availability Rewards

There may be times when the number of available devices exceeds the number of active compute jobs. In this case, devices can still earn tokens by waiting in the Hypernet “lobby” and remaining online. Availability will be verified by other “lobby” occupants who ping each other to confirm that the devices are actually online, and ready to receive a job. Members who fail the challenge forfeit their collateral to the challenger.

We built Hypernet with the goal of solving problems and making the world a better place. Blockchain technology is not just a shiny accessory, but rather a critical and necessary component of accomplishing this mission.

If you have questions, or want to learn more, join the conversation going on right now in our Telegram community. And if you want to learn more about the technical details of Hypernet, checkout our whitepaper, too.

-Your HyperTeam