Decentralized Applications to be Easily Built via Blockchain

From this article you will learn how Crowd Machine enables anyone to create decentralized apps and smart contracts without limitation and advanced coding skills
13 March 2018   605

There are such issues that the amateur users are facing nowadays as writing decentralized apps and smart contracts is hard, takes a long time, hosting apps is expensive, and decentralized networks are too slow to run complex decentralized apps. Crowd Machine project is designed to solve those issues, and, moreover, it aims to enable everyone in the world, regardless of their location, to be rewarded for their participation in the decentralized app economy.

How to build a decentralized application without special skills?

There is a huge amount of users who aspire to be able to build any type of decentralized blockchain app. Crowd Machine project provides such opportunity, and consists of Crowd Computer, Crowd App Studio and Crowd Share. The Crowd Computer is a global decentralized app execution engine, which was designed to execute blockchain smart contracts and decentralized apps that meet any requirement. The Crowd Computer consists of a peer-to-peer network of Crowd Virtual Machines that run on the peer devices. Device owners are compensated for the use of their processing power to run the CVM. Moreover, Crowd App Studio enables anyone to create decentralized apps without writing code.

The users who will use services provided by Crowd Machine will have such advantages as no need to use AWS and Azure, no need to ever write code again, and will be able to get applications to market 45 times faster.

Moreover, after looking through the whitepaper of Crowd Machine project, we discovered that it will be really useful not only for amaterus, but also for software developers, who can contribute their source code’s logic built as Patterns. They can also wrap any API from an external service or product and place it in Crowd Share for community and customer use.

crowd machine template
Crowd Machine in action

Talking about the advantages, Crowd Machine, compared to the public clouds, is infinitely scalable, limited only by the number of connected computing devices on the internet, and is not cost prohibitive.

How to profit from building decentralized apps?

As a decentralized platform, Crowd Machine is focused on its community. The people who participate with the Crowd Machine technology combine to form the most advanced distributed network and decentralized app technology. Community members can be App Authors, those that create apps, or App Processors, those who use their devices to run apps on the network. Whether an App Author or App Processor, community members are paid for their participation.

  • The users get access to Crowd Share, a repository where they can add the source code to
  • When source code that was placed by the users into Crowd Share is used by someone else, every time their code is run on the Crowd Computer they get paid for its use
  • The users can even use source code from Crowd Share in their own apps for free

What is Crowd Machine Compute Token?

Crowd Machine Compute Token is a currency which is paid by app owners for the usage of their app on the Crowd Computer, and CMCTs reward node operators on the network for contributing computational and storage resources. Also, they reward developers for their Patterns executed on the network by app end-users.

The users may be interested in buying Crowd Machine Compute Tokens if they want to build apps with the Crowd App Studio and have end-users use their app. CMCT token payment is analogous to the fees which have to be payed to Amazon Web Services or Google Cloud.

Crowd Machine Token DistributionCrowd Machine Token Distribution

The Crowd Machine project provides bonuses for early contributors, and a 0.5x (50%) bonus will apply for all contributions received during the first 10 days of the public sale. Tokens can be bought via BTC and ETH currency.

CMCTs will have a fixed supply of two billion tokens, and the public sale opens at 0:00 UTC on April 1st, 2018, and closes at 20:00 UTC on May 22nd, 2019.

The funds raised via token sale will be used by the project for such key purposes as sustaining engineering and feature enhancement of the Crowd App Studio, Crowd Share and Crowd Virtual Machine products, development of a global developer community, sales and marketing, product and community support. 

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Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   178

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.