Last updated 20/11/2022
Official Website: https://sonm.com/
As a fog computing framework, SONM (SNM) is a strong distributed global system for general-purpose computing. Due to its utilisation of the fog computing technology, SONM asserts that it may serve as a viable alternative to cloud services and solutions. In comparison to cloud services, platform users who use computing power receive more economical results. The goal of SONM is to provide computing capacity in a variety of generalised instances and general computing that is ap-propriate for a wide range of users. The platform also intends to provide a computing environment for practical applications, as various activities can be accomplished via global calculations that are systematised utilising SONM. Several applications are launched either unchanged or with very mi-nor upgrades.
The decentralised internal algorithms of SONM run on a separate blockchain. The SONM blockchain distributes a block every 2-3 seconds to be faster than other blockchains. It also has no gas fees and encourages micropayments and other tiny resource allocation contracts. The Binance Smart Chain technology is used to build the SONM blockchain. On the SONM blockchain, decentralised SONM platform functions are listed as BEP–20 contracts.
On the SONM computing power marketplace, the SNM token serves as the platform's native in-ternal currency. Traders get access to the SONM platform's resources by using the SNM token. Us-ing SNM, traders can exchange computing powers in the self-sustaining SONM market.
Customers and suppliers are the two major figures in SONM. Customers decide the price and can choose any rental time or computer architecture they require for their project. They can carry out a variety of activities using SONM. Owners of resources are suppliers. By providing customers with peer-to-peer processing power to carry out their computations, they can generate tokens.
The distinguishing characteristic of SONM is its decentralised open structure, which enables direct communication between customers and suppliers while creating a market for them in contrast to cloud services. The SONM's decentralised marketplace for processing power enables customers to connect and negotiate the best prices.
Customers and suppliers are what maintain SONM running. As they saturate the market, the free resource market becomes competitive and active.
Since 2016, Aleksei, who holds a degree in computer security, has worked on Bitcoin, blockchain technology, and digital assets. He joined as a co-founder of the SONM platform for decentralised fog computing in 2017.
Aleksei is a well-known Blockchain public speaker. He has written numerous articles on the subject, some of which contain criticism of dubious ICO ventures. He published a book in 2018 that offered practical guidance for the public on the crypto economy and its developing infrastructure.
To store and secure your $SNM you can use MetaMask, a leading browser wallet extension popular amongst DeFi platforms, as well as Binance Chain Wallet.
An alternative option to keep your SNM secure and offline can therefore include the leading hardware wallet provider Trezor.
You can Buy & Sell SONM (SNM) by heading over to the Buy Coins page of our website. SONM (SNM) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $SNM has never been easier, simply place your order and provide your wallet address. Once your payment arrives SONM (SNM) will be sent directly to your wallet.
If you choose to Sell SONM (SNM) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Block Explorer: https://bscscan.com/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.