Information is the new ‘Gold’ of the 21st century. The internet has diversified the way we relate with each other in the society. Information generally is a very important factor influencing the advancement of humanity as so many have died of loneliness from verifiable investigations. Everybody in this present world wants the right amount of information to help meet up the growing demands of civilization. In fact, research has revealed information is use to balance the interplay and interrelationship between one ends to the other or one system to another aiming to influence and make the consumer of such contents react according to his/her perception. Unlike in the primordial times where local intermediaries were employed to disseminate information to the rural people, the present world is fully computer-mediated with the internet playing a very nucleus role in the entire globalization process. Recording and storage of information is premeditated by the usage of data. Reports have suggested that the global population growth is on the rise, adoption of digital lifestyle is the new clue and the ever increasing ability to record and store information are driving massive growth in data volume and internet traffic expected to exceed 61, 000 Gbps by 2020. The Internet of Things (IoT) and market for hardware, software and comprehensive solution is expected to hit 470 Billion USD by 2020, talk less of the data produced within the circumference of this industry. The problem is hinged however on the fact that monetization of this data solely remains in the hands of few companies such as Apple, Google and Amazon leveraging their huge data sets to centralize both the control and financial benefits of the emerging knowledge economy. As a daily user of the modern data system for processing, managing and interacting with the world through data services, I have always been dissatisfied with the kind of data products I use but that challenge was twisted to an opportunity when I ran into, https://hut34.io/, a decentralized platform that tackles the above-stated challenge.
Hut34 is a decentralize platform built on the Ethereum Platform, proposing to create a better, more valuable and sustainable umbrella where participants can judiciously send messages and maintain chatbox without intermediaries. The platform is hinged on some key basic but important features including connecting, routing, resolving, monetizing and building a peer-to-peer network layer, aside other features. The ‘Hut34’ network is built on ‘hut’ or ‘nodes. The system will synchronize with other internet protocols to offer a platform that will give returns to all the participants of the platform irrespective of where they may fall in. To give a lucid imagery of the concept of the platform, the lustration below gives a clue.
The architectural outlay of the platform is surrounded by different layers including data link layer, ranking layer, session layer, transport layer, presentation layer and application layer. To get more comprehensive background about the functionalities of the platform, download ‘White Paper’ at https://docsend.com/view/b4h7ygu. The platform will be beneficial to a wide range of professionals including non-experts and everyday information seekers and consumers. One of the benefit of the platform to the end users is the provision of consumers with information and services they require in the most convenient and user friendly way possible. The platform will also be useful to domain experts and academia including industries, Bot and service builders and any other individual that intends to judiciously make use of the platform.
To allow participants partake in the platform, tokens are created to enhance participation. The tokens use in this platform is the Entropy Token (ENT). Entropy Token is built on the ERC20 Ethereum blockchain-based technology. It is upon this token that transactions will be done and reward will be issued out to participants. To get firsthand information about the Entropy Tokens (ENT), click on the token bar on https://hut34.io/. To allow the platform achieve it corporate objectives, ICO is out for offer to the general public to enable everyone and anyone take part of the huge benefits of this forum. 652 ENT is going out for 1 ETH. 1OO Million ENT tokens have been created of which 30% are to be sold to the token participants and the remaining for logistics and future investment. The public ICO started from 2nd November, 2017. ICO is LIVE NOW!
THE EXECUTIVE TEAM OF HUT34
Furthermore, the team include Timothy McNamara B.sc as the Lead designer of the System Architecture, Peter Godbolt is the blockchain technologist working closely with Nicholas McDowell B. Eng. as co-technologist, Paweł Mordaszewski B.Sc is the Full Stack Engineer alongside Shahbaz Khurram M. Comp. Sc as Full Stack Engineer, Fred Westling B.Eng B.Sc is the Computer Scientist & Engineer while Benjamin Kassel is in charge of Communication.
Hut34 is a community-driven platform, thus you can connect with real participants through social media on;
Official website: https://hut34.io/
Whitepaper Link: https://docsend.com/view/b4h7ygu
Official Twitter Page: https://twitter.com/hut34project
Official Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=2167513.0
Official Facebook Page: https://www.facebook.com/hut34project
My Bitcointalk Username: wisdomcn
My Bitcointalk Profile link:
https://bitcointalk.org/index.php?action=profile;u=1052342
ETH wallet address: 0x750af87B61B460811d268f553ca308Ef3a7C6777
