Key Milestone Achievement
MediaRich.io is proud to announce that we have reached the first in a series of major milestones in the development of the pioneering Content Generation Network (CGN), a new Infrastructure-as-a-Service that helps users reduce current cloud service costs. The CGN enables a whole new sharing economy, which lets everybody earn money with unutilized CPU power.
This milestone marks the completion of the CGN Proof of Concept (POC), an initial, fully functional version of the CGN that is able to accept and handle high volumes of incoming work in real time. The CGN POC uses a high-performance work queue to rapidly assign work to a pool of available miners, ensuring that the work gets done regardless of miner availability. Miners are everyday devices that have joined the network to participate in the ecosystem, performing work for the CGN in exchange for payment in cryptocurrency. With this milestone, we have demonstrated the sound design of the CGN which we are building from the ground up in accordance with our white paper.
The CGN POC demonstrates how ordinary home PC’s can be used to form a powerful compute cluster that will scale MediaGen, an enterprise-grade image and video processing system capable of delivering results within a fraction of a second. Any infrastructure to effectively scale it must likewise have the same high speed and low latency performance characteristics. The MediaGen is the first real-world use case, however, the CGN is designed to be universal and will support REST services and microservices in general. MediaGen is a great match for demonstrating the CGN technology due to its inherent need for speed, because for just-in-time applications, delay cannot be tolerated.
We are considerably different from other projects currently under development in this space. We are pursuing an ambitious path to solve the challenges of creating a scalable infrastructure which can reliably process and deliver information in real time, despite the work being done on a blend of high throughput server clusters, everyday PC’s and mobile devices. Consumer devices of today are fast enough to do the work, but the big challenge is with how they are interconnected. This is what we at MediaRich.io is taking on.
Breakthroughs in infrastructure services that are fast enough to be used by businesses will pave the way for new enterprise compute platforms and will enable the services needed to power business enterprises, scalable decentralized applications and the Internet of Things. While there will always be a need for infrastructure and services that can process long-running jobs, such as machine learning and 3D video rendering, we have placed our bet on the business of real-time delivery. A system that can complete jobs whose results are needed in milliseconds can also be used to complete jobs whose results are needed tomorrow.
“I’m very pleased with the team’s progress in reaching the first milestone. We have already begun work on our next milestone. Nothing is stopping us.”
– David ‘DJ’ Jennings. CTO
MediaRich.io is using blockchain technology to ledger work and handle payment for use of our infrastructure. Our cryptocurrency, a pure utility token called Dyncoin, is tied solely to the value of compute power. Crypto projects that have not directly linked their currencies to commodities or other assets of tangible value have created great risk. Our token is designed to maintain a relatively stable value, one linked to the price of CPU power. As additional services are created through a developer network, the cost to operate DServices will vary based on the value of services delivered. However, the value of pure CPU power will generally change gradually.
“We are not creating yet another speculative currency, instead we are creating a real-world fog network for tracking the production and consumption of work. Our token will always have value, because work itself will always have value.” – Sean Barger. CEO
MediaRich.io is committed to producing results that will power the blockchain and cryptocurrency community while giving back to the world by reducing the eco footprint through incentivizing efficient use of untapped resources globally.