NOIA Network - Speeding up the Internet via Blockchain | ICO Review
Blockchain technologies are not only going to change the way of our traditional businesses but the way we access the internet as well. There are many projects working on to make internet decentralized and secure. We have witnessed various projects for domain names, decentralized storage systems etc.
NOIA Network is working for the same intention with a different perspective by bringing CDN network on blockchain technology.
What is CDN Network?
When you visit a website, watch a video, download something. Your computer is connected to a server, holding the content you want to access. This not only puts a lot of stress on the respective server but also makes the impact on loading speeds depending upon geographical location. For example, if you are in Aisa, watching a video on a website having the server in the United States, The loading speed would be slower for you than the person watching the same video in the United States itself or Canada.
Content Distribution Network (CDN) distributes the static content of a website such as Images, Videos, and audios to different servers in different geographical locations. This method makes users connect or access the content faster without putting extra load and reduces downtimes. Apart from that, CDN networks provide an extra layer of security to websites' data.
What is NOIA Network?
There are few CDN networks available such as Amazon, Mircosoft Azure, Cloud Flare etc. These networks have different servers around the world to establish a CDN network and distribute content around the globe.
NOIA is a CDN Network solution, based on blockchain technology. Instead of placing company-owned servers in limited geographical locations, NOIA is creating a network to distribute content on local machines by utilizing bandwidth & un-used hard drive space. which makes it cheaper, more reliable and faster than any other CDN network that exists today. for better understanding, I would highly recommend watching their official video below.
How it works?
NOIA is based on making personal computers into CDN Nodes by enabling users to download a software for providing space on their local machine and to keep connected with their network. Space would be utilized to store the content of various websites in encrypted form to make the network access faster.
By connecting hundreds and thousands of personal computers to behave as a single network for content distribution would certainly make NOIA as the first preference for any website owner to switch their CDN needs to NOIA.
Make your Internet Pay for itself
Since, NOIA is based upon peer-to-peer CDN network. Users who are interested to rent out their unused hard disk space and bandwidth can become a node by downloading a software from their official website. Users will be rewarded with NOIA tokens for their sharings on the network.
NOIA Network Roadmap
According to their roadmap, NOIA Network is right on schedule as they have launched their testnet / proof of technology as promised in 2018 Q1.
NOIA Edge - Hardware to support network
Other than providing a software for the personal computers to become a node, NOIA is also coming up with a hardware solution to get it connected with existing routers, for users who are interested to become a stable node without keeping the personal computers on all the time.
This solution would not only make users to earn NOIA in a more efficient way but would also help in making the network strong.
Token Specifications & ICO Details
Name: NOIA Network
Token Support: ERC223 Token
Total Supply: 1 Billion
Token Distribution in ICO: 45%
Team (2.5 year vesting): 20%
Community (Early adapters strategic partners, user incentives): 10%
Reserve (for future financing): 25%
Official Website: https://noia.network
Token Price in ICO: $0.056
Participation in NOIA Network token sale will start on July 16th - 14:00 UTC.
It is also worth mentioning that they have already raised 8 Million USD in private investments
Almost every good website is using CDN networks to deliver their content to users with the faster speed as well as the extra layer of security. Currently available networks are centralized with the limited amount of servers and resources. NOIA by bringing CDN network on blockchain would get an upper hand as it's based on delivering content via peer-to-peer network.
Enabling users to earn NOIA tokens for providing unused space and bandwidth to the network creates a higher possibility for joining hundreds and thousands of nodes/servers. Which would definitely make NOIA network more efficient, faster, cost-efficient and more secure compare to the solutions, exist today.
In my opinion, this would create a win-win situation for website owners to get a more reliable network for content distribution, Users to get faster access without downtime from their favorite website and of course, nodes, people who will be running NOIA node software on their machines to earn tokens.
Disclaimer: Everything mentioned above is based on my own research and opinion, should not be considered as investment advice. I encourage everyone to do their own research before investing in any cryptocurrency or ICO
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