NUCO.Cloud (NCDT) ?

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18 Feb 2024

Nuco.cloud, developed by Iron Eagle Capital GmbH, is an innovative solution that aims to democratize access to computing power. Leveraging the idle processing potential of devices provided by miners, Nuco.cloud creates a vast network of computing power, transforming the landscape of decentralized computing and storage.

The inception of Nuco.cloud was driven by Iron Eagle Capital GmbH's demand for substantial computing power for a data analysis program. The platform uses the Berkeley Open Infrastructure for Network Computing (BOINC) and Gridcoin as its technical basis. Unlike BOINC, which is designed for scientific projects, Nuco.cloud caters to non-scientific projects, with users required to pay miners with NUCOs (the platform's native token) in exchange for processing power.

Ease of Use:

Nuco.cloud is designed to simplify the user experience. Unlike other platforms where projects need to be individually programmed, Nuco.cloud allows users to run programs directly from their computer via a drop-down menu. The platform's management system, Nuco.core, automatically distributes the project in encrypted data containers to the miners. After computation, the results are sent back to the project creator. This process makes Nuco.cloud highly user-friendly and efficient.

Security and Advantages:

Nuco.cloud guarantees security for both miners and users. For miners, the platform ensures that no malicious code can be imported onto the host. For users, the platform guarantees confidentiality as miners have no insight into the code or the project to be computed. Unlike competitors such as Golem, Nuco.cloud does not require any insight into the project code.

One of the standout features of Nuco.cloud is its ability to utilize the entire computing power of the cloud for a single project, given enough NUCOs. This is not possible with competitors, which function more as marketplaces based on smart contracts for computing power. This unique feature makes Nuco.cloud a real cloud, offering a significant advantage over its competitors.

Mining on Nuco.cloud:

Nuco.cloud provides an attractive proposition for miners. While most cryptocurrencies, especially Bitcoin, require Application-Specific Integrated Circuits (ASICs) for effective mining, Nuco.cloud allows mining with Graphics Processing Units (GPUs), Central Processing Units (CPUs), and even smartphones.

Miners on Nuco.cloud receive double the amount of NUCOs as traditional mining. They receive the NUCOs that the user pays for the calculation of their project, and the same number of NUCOs from the Cloud. This approach ensures a steady supply of miners, and consequently, computing power.

In conclusion, Nuco.cloud is poised to revolutionize decentralized computing by making it more user-friendly, secure, and efficient. With its unique advantages and innovative approach, Nuco.cloud is set to redefine how we access and utilize computing power.