Crowd Machine Compute ICO: The Future of Generating Decentralized Blockchain Applications

Crowd Machine Compute ICO: The Future of Generating Decentralized Blockchain Applications

Ethereum introduced decentralized applications back in 2015, and since then, dozens of apps have been introduced into the market. Some of the biggest DAPPS are worth more than a billion dollars based on market cap. Some, like Crowd Machine Compute, want the making of decentralized applications in the future to be easier and beginner friendly, even for those who have zero coding skills.

What Is Crowd Machine Compute?

Currently in its development stage, Crowd Machine Compute is an execution engine for decentralized applications. Essentially, the network will execute smart contracts and build decentralized apps for anyone, irrespective of their coding skills. The engine will work as a peer-to-peer network, rewarding anyone who rents their computing power.

Crowd Machine ICO

The company’s founders plan to monetize the platform by rewarding computer owners who rent their computing power to the Crowd Virtual Machines. These machines will be responsible for building the DAPPs. Like most blockchain startups, this company plans to hold a token sale in an ICO starting on the 1^st of April, 2018. Read more about the Crowd Machine Compute ICO.

The Engine’s Use Cases

Ease of Use

Anyone with basic computer skills will have a chance to build their own decentralized application, thanks to the technology. This is a big deal even for coders. The Ethereum platform is built in a different coding language, Solidity, which only a limited number of coders understand. By providing a means for anyone to build a DAPP, the technology is laying the foundation for the future of blockchain development.

All over the cryptocurrency industry, demand for Solidity developers has been surging. And because their demand outstrips supply, more platforms which allow developers to build DAPPs in common coding languages have sprung up. Several examples of Ethereum competitors include:

• NEO- Chinese platform supports Java coding language, C#, and mainline languages.
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• Stratis- compatible with Microsoft’s .NET framework. Also supports C#.
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• Lisk- supports Javascript.
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• EOS- provides developers with all the tools they need to build a DAPP easily.

Crowd Compute stands a better chance to disrupt the current industry because it eliminates the need to understand coding to develop a DAPP.

Fast and Cheap

The Crowd Machine’s studio aims to provide a much cheaper DAPP development solution. Startups will no longer have to hire expensive coders, because individuals with few to no coding skills will be able to build decentralized applications on the platform. The machine will also execute all that is required to build an app, completing the process much faster than with any alternative means.

The company already highlighted in their Whitepaper how their platform will deal with existing competition. The following companies have been listed as the main competition to the Crowd Machine Engine:

• IBM Cloud
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• Microsoft Azure
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• Amazon Web Service
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• Google IaaS and PaaS Services

However, the company plans to beat the competition by providing decentralized applications, but cheaper solutions. Additionally, any revenues generated from the services on the platform will be distributed among developers, making the process reward-based.

Infinitely Scalable

Scalability is one of the biggest challenges that blockchain startups face. From Bitcoin to DAPPS, the problem of limited blockchain solutions is limiting the industry’s growth rate. Crowd Machine wants to put an end to that problem through its peer-to-peer engine system. As listed in their Whitepaper, their solution is meant to provide infinite scalability, only limited by the size of the shared computing power.

Enables IoT Devices to Work in Unison

The Crowd Machine Engine uses a different approach to building decentralized applications. Instead of attempting to tap into the computing power of small machines like mobile devices, the Crowd Machine constructs apps in a fragmented manner. The apps are built across a peer-to-peer network, bringing together all of the devices’ processing power.

The Crowd Machine Token

As already mentioned, the company will hold a token sale beginning April. Investors willing to participate have a chance to register in a whitelist and get booked to participate. The token itself will serve four main services:

• Reward to people who share computing power and storage services.
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• As a speculative investment – the token will be listed on exchanges for trading and speculative investment.
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• Paying app owners for using their services.
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• Payment to access the Crowd Machine Engine.

The main service in the short term will likely be as a speculative purchase. The Crowd Machine Engine is still under development and, hence, few participants will be utilizing the engine in the short term. However, the company already claims they have tested the engine with “numerous Fortune 500 companies.” In the coming months, the Crowd Machine Engine will start to accept end users, and their token may acquire more services.

Who Is Building the Platform?

One of the success indicators of any ICO can be derived from the team building the platform. The company’s CEO, Craig Sproule, is a systems engineer with experience managing IT products as well. The company’s chief of technology, Ben Gorlick is a product architect with rich experience building crowd computing solutions.

The team also includes four software engineers and four app developers. Their advisors include notable system architects, entrepreneurs and blockchain experts, working in the industry for the past five years.

ICO Trust Rate

Unsurprisingly, the Crowd Machine ICO has been receiving lots of hype in the last few weeks. Several notable ICO review websites have rated the ICO above 4/5. On forums, investors have been generally favorable in their reviews about the platform. On the downside, its heavy competition in the cloud storage industries and DAPP development has been a concern, but not so much. Overall, the ICO offers a viable product that could be disruptive in the future if properly executed and marketed.

Summary

Like many successful cryptocurrency startups, Crowd Machine Compute is offering a unique solution. And not only is it unique, it hopes to eliminate the problems of scalability and costs involved in the industry. For investors, however, it’s highly important to conduct extensive research before making any investment decision. ICO is a highly speculative market, and you should only invest what you would be willing to lose.