SONM is a platform for decentralized fog computing. With SONM, users have access to general-purpose computing services of a cloud-like nature, including IaaS and PaaS, all of which have fog computing as the backend. Hosts around the world can contribute computing power as part of the SONM marketplace.
Who Is Behind SONM?
The leaders of SONM are co-founder Sergey Ponomarev and CTO Igor Lebedev. SONM uses the agile development framework with a self-organizing cross-functional team. The Product Management Board defines the market needs to confirm that products meet business requirements. The Architecture Board develops the architecture for various SONM products while providing optimal solutions. The Product Delivery Board synchronizes the delivery of each portion of the system module or product.
Additionally, SONM has divided its development team into sub-teams based on the functional aspect of platform architecture. These include Node (Core), Smart Contracts, Wallet (Client), and Distributed Entity and Integration. Each of these teams has multiple developers, including a lead. Other teams include the Product & Analytics and QA teams. Other team members include independent QAs, technical experts, and domain experts.
What Should You Know about the SONM Architecture?
The engineers behind SONM used private development and best-in-class technologies, pooling these resources to develop the fog computing stack. This fog computing platform is more efficient and decentralized than cloud computing. Overlay networking makes it possible to link various containers within a private network.
The use of Ethereum smart contracts creates a consensus system that guarantees security and transparency for participants in the system. The architecture also includes a p2p networking stack, letting users work without a public IP, specifically with relays and NAT penetration. There are docker containers, which are isolated environments that ensure computing parallelism, as well as that any device runs the appropriate device. Finally, there are Kubernetes, a type of open-source cluster orchestration software that manages multiple instances of containers automatically.
What Is the SONM Marketplace?
Think of the SONM Marketplace as a place to buy and sell computing power. Suppliers can be companies and individuals with computational resources. These suppliers can choose to begin making revenue with these computational resources or increase their current revenue from those activities. SONM makes use of all types of modern PC resources, including the network, disk, GPU, CPU, and RAM, so suppliers can rent out their various computing instances via the marketplace.
Customers on the SONM marketplace are individuals or companies who need computing power, such as servers, virtual machines, and hardware PCs. They define which capabilities and resources they need, as well as what price they are willing to pay for use of these resources. Customers are also able to benefit from the advantages of fog computing over centralized cloud services, such as future readiness, cost-effectiveness, and scalability.
How Does SONM Benefit Customers?
SONM always makes customer satisfaction its top priority. SONM studies the rental resource market to figure out exactly what customers need, delivering the advantages like scalability already mentioned. Additionally, customers will benefit from the Infrastructure-as-a-Service platform that supports all types of hardware resources, making it possible to find the exact resource you need.
Additionally, SONM has general compatibility with all existing applications that run in a Docker environment on Linux (x64), with very few limitations and restrictions. This way, there is no need to adjust the computing process or anything else before using resources. It is also compatible with existing tools for controlling and running tasks. SONM focuses on modern deployment, as well, using Docker containers, which are the industry-accepted delivery method.
Consumers will appreciate the ability to choose their specific price, computer resources, and rental time. The terms they settle on are provisioned along with a guarantee and then enforced with automated mechanisms, so customers always get what they pay for and want.
With SONM, consumers can instantly release and grow resources within the computing fog. In addition, security is always maintained regarding the supplier’s reputation. For added security, SONM is working toward hardware-enforced security, as well. Finally, consumers benefit from high market liquidity in purchasing resources and the ability to scale out their application.
How Does SONM Benefit Suppliers?
In addition to providing a stream of revenue for suppliers, SONM connects modern crypto miners and traditional cloud customers. The alternative revenue stream, mining a Proof-of-Stake cryptocurrency, requires you to choose which currency to mine then constantly monitor your decision and be limited to just mining tasks. With SONM, however, suppliers can choose their profitable tasks and will always have available tasks to choose from. Essentially, anytime a supplier has a computing resource available, they can earn money. Best of all, the earnings from working for applications in the real world are almost always greater than those for mining.
Additionally, SONM provides regular mining work for idle suppliers, so there is no downtime when they are not earning money in exchange for use of their resources. The difference is that instead of just mining with the resources, suppliers can receive more money for other resource rentals most of the time and enjoy this mining revenue the rest of the time. Even in terms of mining, doing it through SONM is better for suppliers since there is an automated mining task selector. It chooses the best price for you as a supplier when you rent your hardware.
What Are Some Use Cases for SONM?
The team at SONM offers numerous use cases for the platform, including general applications with two or three tiers, including mobile apps and platforms for application hosting. Blockchain-based and decentralized applications can enjoy the distributed, cheap SONM IaaS. Those interested in machine learning can take advantage of SONM for running and training models via TensorFlow.
With SONM, it becomes possible to render videos on top consumer-grade GPUs and CPUs, like those currently used for crypto mining. Use the platform for video and CDN streaming since the geographically distributed resources are available with any ISP worldwide. SONM can also be used for web hosting, scientific calculators, and game servers, like CS:GO and Quake.
How to Buy SONM Tokens?
You are not able to purchase SONM with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for SONM at an exchange which lists the token. Read on to see how to purchase it.
Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
Purchase SONM at Binance
You can now send your Ether or Bitcoin over to Binance to make your purchase of SONM take a look at our review of Binance here to see how to signup and purchase on their exchange.
SONM is also available on the following exchanges
Conclusion
SONM takes the advantages of fog computing, such as decentralization and scalability, and brings it to the masses. This marketplace allows those with additional computing resources to earn income. Meanwhile, those who need those resources can take advantage of them without having to invest in expensive machinery. The system should benefit both suppliers and consumers, with even more benefits arriving as the project advances.
