Symbioses

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Symbioses (SYM) ICO Review

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Symbioses is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameSymbioses
Token SymbolSYM
WhitepaperView Whitepaper
Website LinkHome
Price1 SYM = 0.00023697 ETH
PlatformEthereum
Soft Cap7,000 ETH
Hard Cap45,000 ETH

More about Symbioses (SYM) ICO:

Symbioses is a decentralized global network of computing power that connects non-interoperable technologies, enabling them to work collectively and efficiently. Symbioses aims to lower the barriers of entry that exist in current blockchain technologies by providing a free and automated client application that runs in the background of a user’s device(s), making use of free and idle processing power, thus creating a platform to empower, connect, and benefit both producers and consumers of computing resources. Symbioses aims to further extend the decentralized computing segment by delivering readily available Software-as-a-Service (SaaS) solutions accessible by anyone. Much like how Uber disrupted the taxi industry and Airbnb transformed the way we rent rooms, Symbioses provides the general public with a one-size-fits-all tool for real-time monetization of their existing devices; the available resources of which are shared by hosting turn-key SaaS solutions.

Symbioses, a decentralized ecosystem for monetizing the spare computing resources of any device with a processor. It combines the available resources into accessible Software-as-a-Service (SaaS) solutions available in a payas-you-go manner.

Fully compatible with existing cloud solutions and advanced distributed computing technologies, Symbioses empowers connected devices to forge their computing resources into turn-key SaaS solutions, determining their price, negotiating terms, executing agreements and gathering the rewards. Its main pillars are a multi-platform, multi-OS application that takes care of SaaS execution based on the availability of the device; integration with non-interoperable computing networks; a tokenized incentive program for end users to offer their resources to the network; an off-chain, abstraction layer to maximize the response time of the network and minimize the transaction fees; and a decentralized consensus engine over a blockchain payment ledger.

The economic model built into the Symbioses Ecosystem creates an open market for the monetization of valuable assets, e.g., computing power, by hosting readily available SaaS solutions for end consumers. It introduces key incentives and dynamics that not only support the SYM token, but also promote its price and usage, also correlating them with the cryptocurrency market. By providing a free and automated application, Symbioses aims at lowering the entry point barriers of state-of-the-art blockchain technologies, thus allowing the general public to seamlessly exploit and monetize the spare resources of computing devices.

Introduction

In recent years, there has been an explosion of data creation like never before in humanhistory. Several studies have analyzed this trend and current estimates suggest that thetotal amount of digital data in the world, including things like books, images, e-mails,music, and video, is doubling every two to three years [19] [25].Big Data is a rather popular term describing the application of new tools and tech-niques to digital information on a size and scale well beyond what was possible withtraditional approaches [25]. Moreover, Big Data tools and techniques have not only de-livered value in the social media sector and retail industries [15], but also led to majorbreakthroughs in a range of other contexts, including scientific research [10] [22] andhealthcare [5], among others.Big Data is not a result of a unique technology, but rather the convergence of severalinnovations and ideas working in a highly complementary way. Two of these technologicaldevelopments are particularly significant:•A decline in data storage costs. The cost of storing digital information has beenexponentially falling for a long time. It is no longer the case for data to be discardedwhen their initial use had passed, as the economic expense associated with archivingthe data afterwards has dropped considerably [23].•The development of software platforms that make it possible to process large datasets in structured way. Such developments have significantly helped Big Data prac-titioners see through the messiness of these new data sets to find useful informationand relationships.This last point is noteworthy, since it is usually neglected: data have no value withoutthe relevant software and required computing power to sustain their analysis. Imagine apile of books waiting for someone to read them: books are worthless without the reader’sbrain power to interpret them. In the context of Big-Data analysis, computing power isused to understand the stored data and ultimately making better decisions.

Distributed

computingComputing power provides the means for dealing with activities involving data sets thatare so large and complex that they require advanced data storage, management, analysis,and visualization technologies [5]. Whereas traditional data sets have historically neededto be fairly structured and static, digital information in the era of Big Data and DeepLearning is frequently noisy, messy, unstructured, and dynamic [8]. However, consider-able progress has been made in representing massive data sets as networks of nodes andedges, getting structured information out of unstructured data so that machine-learningalgorithms can be applied to them.Google MapReduce and Apache Hadoop probably represent the most prominent ex-amples of modern software applied to big-data analysis. They make it possible to breaklarge data sets into smaller chunks that can be delegated to several computing devices.The results of the calculations arising from each of the smaller chunks can then be re-integrated at the end of the process. This divide-and-conquer approach is not only drivenby the large amount of data being analyzed, but also by the smoothing of the contin-ued growth in the processing speeds of computing devices: Moore’s law is coming to anend [21]. After decades of a constant increase rate, the number of transistors that can beprinted on a surface unit is reaching its limit due to diverse physical phenomena.Since single processing units are not getting any faster, the same workload is under-taken by a number of them, each of which takes care of solving a piece of a puzzle. Thetechnique of tackling problems requiring large amounts of resources (mainly computingpower and memory) by dividing them in smaller problems and delegating to several com-puting devices is known as distributed computing [35]. Distributed (parallel) computingis playing an increasingly important role in the way big problems are dealt with. Thisapproach, which is also prominent in other areas of science, technology, engineering andmathematics, frequently uses cloud computing infrastructure as a platform for transferringthese data chunks to different computing devices, and finally bringing back the results.With blockchain technology reaching further than the crypto-currency world, a newparadigm of distributed computing is emerging for solving large-scale problems [13] [16] [34].Built on top of the Ethereum blockchain and smart contracts, these platforms promiseto enable the decentralized connection of computing entities for sharing and aggregatingresources geographically distributed across different countries, organizations and admin-istrative domains.It is clear that decentralized computing will be playing a key role in the way computingresources are accessed and made available to end users and enterprises. For now, however,it has been available to only a selected group of technology-knowledgeable users andmembers of tech-savvy communities. Symbioses is going to change that by bringingkey technological advances together in an easy-to-use and seamless way, in order for thegeneral public to play the main role in this area.

The solution

Symbioses is a fully operational, turn-key solution for interoperable, low latency, and affordable Cloud Computing.

Symbioses delivers the benefits of forging spare computing capacity of millions of devices around the world. Symbioses does not require technical knowledge for its usage thus drastically expanding the potential user base. Symbioses instantly monetizes the idle computing resources of the devices you own and expands their profitability potential.

Symbioses seamlessly integrates the best aspects of traditional cloud services and non-interoperable decentralized networks. The synergy between these technologies will allow complementary benefits in ways their creators never thought possible.

These unique and advanced features improve the user experience on the network:

  • Blockchain Optimized features integrated to improve both outcome verification and provider profitability. (Third Party Arbitration / Usage Efficiency)
  • Diversity of the hardware the network can assimilate, thus expanding target producer audience. (GPU Support, Multi-Platform Support, and Multi-OS Support)
  • Frictionless User Experience to minimize barriers for enterprise adoption and non-technical user penetration. (Legacy Application Integration / Auction & Adaptive Pricing)
  • Exceptional Security & Encryption embedded for additional layers of protection to meet heightened consumer and corporate demands.

The protocol

SYMIO is an off-chain, agnostic protocol. This makes it both considerably more scalable as well as interoperable with other decentralized technologies. The SYMIO Protocol provides the following features:

Scalability

Symbioses abstraction layer on top of the Ethereum blockchain allows the SYMIO off-chain protocol to asynchronously distribute computing jobs while the blockchain settles the transactions.

Inter-operability

In the case of the Symbioses Network being fully occupied with computing jobs, the extra / unallocated capacity can be offloaded to an external centralized or a decentralized cloud provider.

Speed & efficiency

SYMIO minimizes verification latency of existing blockchains, which permits direct interconnection to application programming interfaces (APIs). SYMIO aggregates block verification when presenting transactions back onto the Ethereum blockchain for improved efficiency and a dramatic reduction of the block verification expense to the end user.

Mission

StatementSymbioses aims at further extending the decentralized computing segment by deliveringreadily available Software-as-a-Service (SaaS) solutions accessible by anyone: like Uberchanged taxis and Airbnb changed room renting. Symbioses provides the general publicwith a one-size-fits-all tool for real-time monetization of existing devices, the availableresources of which are shared by hosting turn-key SaaS solutions. The termgeneralpublicis defined as end users who do not have a deep understanding about technologyin general and blockchain in particular. For this reason, the main goal is to deliver asimple and automated application for the general public to quickly and seamlessly startearning their rewards in exchange for the computing resources they share. The Symbiosesmission is to allow such users to capitalize on the unused resources of every computingdevice, whether it is a server farm, a laptop, a smartphone or an Internet-of-Things (IoT)device, by delivering SaaS solutions to home users and enterprises. Considering there aremillions of underutilized devices that can offer their computing resources to the SymbiosesEcosystem, the potential is enormous. Symbioses has the technology to accomplish thisfeature.

Vision

The Symbioses vision is to unbundle and democratize the traditional cloud market. Thecreation of apublic cloudto offer SaaS solutions in a scalable and secure way at competitiveprices compared to centralized services currently run by a few big players. This willallow anyone instant access to the computing resources required to work, create andresearch, giving them a central role in the monetization of their devices by hosting SaaSsolutions from a blockchain-driven network. These networks guarantee the highest levelof transparency, resilience and security. Symbioses provides a complete Ecosystem thatlowers the entry barriers of state-of-the-art blockchain technologies, democratizing thisnew era of technology, making it accessible to the general public.

Motivation

Background

Traditional methods of distributed computing can roughly be divided into two groups:grid computing [9] and cloud computing [1].Over a decade ago, grid computing became a real alternative to traditional super-computing environments for developing parallel applications that harness massive com-putational resources. Indeed, the term grid computing suggests protocols offer sharedcomputation and storage over long distances, but those protocols did not lead to theuse of generalized software environments. Mainly due the complexity incurred in build-ing such parallel grid-aware applications, it never grew beyond its core community andcertainly did not replace high-performance computing (HPC) environments [18].Cloud computing, on the other hand, provides a simpler environment where the usercan operate a virtual rack, with reduced capital expense, and the ability to scale up asdemand requires, as well as to support brief surges in capacity [29]. Some authors claimthat the construction and operation of extremely large-scale, commodity-computer datacenters at low-cost locations was the necessary enabler of cloud computing [1].The Symbioses Ecosystem delivers tools and services built on top of key decentralizedtechnologies that provide these and other services of grid, HPC and cloud computing,while seamlessly allowing the general public to monetize the resources of commoditydevices.

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