List of Top 3 Decentralized Computing Platforms (2024)

List of Top 3 Decentralized Computing Platforms (2024)

The increasing digitization of the world, mainly driven by the demand for processing power and computing resources, has become more pronounced, especially with the rise of remote work after the COVID-19 pandemic.

Companies and individuals are turning to cloud computing services to comply with social distancing measures, reduce the maintenance of offices, and maintain productivity. However, traditional cloud services have security vulnerabilities and high costs due to market concentration among providers like Amazon, Google, Microsoft, and Alibaba.

To address these issues, decentralized or peer-to-peer cloud computing models have emerged. These solutions use nodal blockchain-based networks to enhance security and reduce censorship. Despite sharing a common ideology, these solutions differ in their approaches. In this article, we will explore the leading decentralized computing initiatives, examining their distinct features, their benefits, and how they advance the cause of accessible computing resources in today's digital age.

1. Akash Network

Greg Osuri founded Akash Network, an open-source, decentralized cloud computing platform. Known as the “Airbnb for cloud computing,” Akash is an open Supercloud network that makes it easy to scale and access services around the world rapidly. It uses a "reverse auction" system, where customers submit their desired price and providers compete for the business. According to Akash This often results in prices up to 85% lower than other cloud systems.

Akash is owned and managed by its community. It is a free public service, and the source code that powers it is available to everyone. It is built on dependable technologies like Kubernetes and Cosmos, and the community oversees all aspects of Akash — including decisions about what new features should be implemented.

2. Spheron Network

Spheron Network is a web3 infrastructure platform that provides tools and services to decentralize cloud storage and computing, allowing audited data centers to join the Spheron marketplace. The decentralized and governed nature of the infrastructure, overseen by Spheron, ensures permissionless access and heightened security for all users. Spheron Compute offers a feature-rich alternative to traditional cloud services at only one-third of the cost.

Spheron offers a Compute Marketplace, which allows users to set up useful tools quickly and easily, whether they want to deploy databases, nodes, tools, or AI. With Spheron, you don't have to worry about the technical stuff, and you can focus on deploying your Node with ease. Spheron Network has also partnered with organizations like Shardeum, Avail, Elixir, Filecoin, Arbitrum, etc., to redefine access to it and promote a more decentralized, inclusive, and community-centric ecosystem.

Spheron provides features such as Private images, Auto-scale instances, Scale on demand, Real-time instance metrics, Faster GPUs, Free Bandwidths, Terraform Providers and SDKs, Instance health checks, activity, shell access, and more. Spheron provides add-on storage solutions for long-term data storage and edge bandwidth acceleration through its global CDN. With Spheron, you can easily set up your nodes in just a few minutes and enjoy low maintenance and operations costs and a great developer experience.

If you don’t already have a Spheron account, then sign up here!

3. DeNet Storage

Launched in 2017, DeNet is a decentralized storage protocol allowing the utilization of global spare storage, thereby eliminating centralized data centers. Built on blockchain and Web3 principles, it guarantees file security; files are fragmented, encrypted, and can only be decrypted by the owner. Users enjoy enhanced privacy, as personal data isn't required, and files are stored in a resilient, decentralized network.

Conclusion

Decentralized cloud computing platforms such as Akash Network, Spheron Network, DeNet Storage offer promising alternatives to traditional centralized cloud services. By leveraging blockchain technology and nodal networking, these platforms provide increased security, reduced costs, and greater accessibility to computing resources.

These decentralized computing initiatives not only address the concerns of security, cost, and accessibility but also promote the values of transparency, community governance, and sustainability. As the world increasingly relies on cloud computing, decentralized solutions are poised to play a critical role in shaping the future of computing resources.