Key Takeaways
- Lowering Cloud Infrastructure Costs: The partnership between Wire Network and CPUcoin aims to revolutionize cloud computing for decentralized applications by significantly reducing infrastructure costs. CPUcoin’s innovative model allows billing by the minute, resulting in cost reductions of 5x-100x compared to traditional cloud service providers. This cost-efficiency opens up new possibilities for enterprises and individuals looking to leverage edge computation.
- Accelerating NFT and AI Capabilities: The collaboration will fast-track the launch of CPUcoin’s High Definition NFT and Generative AI capabilities, along with other decentralized apps and services. This will empower users to store and view large images and videos on-demand without limitations, overcoming current constraints in the space.
- Simplifying Blockchain Onboarding: Wire Network and CPUcoin aim to simplify user experiences in the blockchain industry. The partnership seeks to enable users to work with one wallet for various decentralized apps and services, streamlining the onboarding process. This simplified approach minimizes gas fees and fosters a more user-friendly environment for the next generation of blockchain users.
- Universal Interoperability: Wire Network’s full-stack protocols, leveraging the UPAP protocol in combination with WNS, offer universal interoperability for blockchain applications. This allows for a single crypto sign-on and seamless onboarding of modern enterprises from Web 2.0 to Web 3.0, enhancing the overall accessibility and usability of decentralized services.
Wire Network, a cross-chain infrastructure provider for decentralized applications, has announced a strategic partnership with CPUcoin, a solution that reduces cloud infrastructure costs by creating a sharing economy for unused CPU/GPU power. The collaboration aims to offer enterprise-grade edge computation with lower costs and higher efficiencies compared to traditional cloud service providers. CPUcoin’s billing model allows charging by the minute, resulting in significant cost reductions of 5x-100x compared to other services in the sector.
The partnership will accelerate the launch of CPUcoin’s High Definition NFT and Generative AI capabilities, as well as other decentralized apps and services. The combined technology of Wire Network and CPUcoin aims to address major challenges in decentralization within the blockchain industry.
Wire Network’s CEO, Ken DiCross, emphasizes the importance of simplifying user experiences in the blockchain space, enabling users to work with one wallet and access various decentralized apps and services while minimizing costs and environmental impact.
The collaboration between Wire Network and CPUcoin is expected to reduce overall costs and serve as the backbone for a new generation of decentralized SaaS technologies and feature-rich platforms. CPUcoin will control one of Wire Network’s tier-1 nodes and gain access to 4% of the network’s initial resources to enable their middleware Computing Global Network (CGN).
CPUcoin’s Managing Director, Sean Barger, believes that Wire Network has the missing elements necessary for fully decentralizing their back-end services, aligning with their vision of a sharing economy for computing power that reduces costs associated with blockchain-enabled cloud services.
As a demonstration of their technical capability, CPUcoin plans to deliver $CPU to over 186,000 ERC-20 compatible wallets without incurring Ethereum mainnet gas fees for each transaction. This will be made possible using the UPAP protocol, providing users with a universal wallet address that can be used across blockchains for various transactions.
This partnership marks the first in a series of collaborations planned by the Wire Network ecosystem in the coming months, as they aim to roll out full-stack protocols focused on universal interoperability and simplified onboarding for blockchain applications, utilizing the UPAP protocol in combination with WNS to enable a single crypto sign-on and seamlessly onboard enterprises from Web 2.0 to Web 3.0.
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