HippiusPrice

(SN75)

Hippius is a decentralized cloud storage and infrastructure project that operates as a specialized subnet on the Bittensor network, specifically designated as Subnet 75. It is designed to provide a transparent and secure alternative to traditional centralized cloud services by leveraging decentralized technology to manage data storage and computation. At its core, Hippius utilizes a custom blockchain built on the Substrate framework. This allows the project to maintain a transparent record of all network activities, incentives, and node performance. For the actual storage of data, the platform integrates the InterPlanetary File System (IPFS), a peer to peer protocol for distributed file sharing. Additionally, Hippius offers S3 compatible storage, making it easier for developers and enterprises to migrate from traditional cloud providers like AWS or Google Cloud without needing to rewrite their existing applications. The ecosystem is powered by two primary types of participants: miners and validators. Miners act as storage providers, contributing their hardware and disk space to the network. They are evaluated based on factors such as uptime, speed, and reliability. Validators are responsible for securing the network, verifying the work performed by miners, and ensuring data integrity. A ranking system is used to reward high performing participants while penalizing those who fail to maintain required standards. Security and privacy are major focuses of the project. Hippius features a mnemonic based authentication system that gives users full control over their identity and encryption keys without relying on centralized intermediaries or browser extensions. Users can choose between public and encrypted storage options depending on their needs. The project also incorporates an advanced authorization system that links blockchain addresses to specific data permissions. In terms of use cases, Hippius aims to serve as a foundation for the broader Web3 and AI ecosystem. Its decentralized architecture is particularly suited for storing large datasets required for AI model training and inference. Beyond simple file storage, the project has plans to expand into decentralized cloud computation, including the hosting of virtual machines and web applications. The native token associated with the project, often identified by the ticker SN75, is integrated into the Bittensor ecosystem. It is used within the Hippius network to facilitate staking, reward miners and validators, and handle marketplace transactions for storage and compute resources. Through this model, Hippius seeks to create a self sustaining economy where resources are distributed efficiently based on real world demand and performance metrics. Learn more

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