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Iagon Pioneering the Future of Decentralized Cloud Services

Published 14.3.2024

Iagon is a project that aims to revolutionize cloud and web services. It’s a platform for harnessing multiple computers' storage capacities and processing power in a decentralized network.

What is the Mission of Project Iagon

The purpose of Iagon is to provide companies and individuals with storage and later processing services at a fraction of the market prices. In addition, it wants to provide a higher security level. By joining the unused storage capacity in servers and personal computers and their processing power, Iagon aims to create a super-computer and super data center that can compete with current cloud computing moguls such as AWS, Google Cloud, Microsoft, and IBM.

Iagon can compete with established cloud services through its decentralized model and unique approach to storage and processing.

Advantages of Iagon compared to traditional established services:

  • Decentralization: Iagon operates on a decentralized network, which means it doesn't rely on a central server. Instead, it uses multiple computers' storage capacities and processing power over a decentralized blockchain grid. This approach offers several advantages over traditional models, including stability, scalability, security, and privacy.
  • Utilizing Under-Utilized Resources: Any device that meets the minimum requirements can become a node within the Iagon network. This allows users to capitalize on their under-utilized storage resources by providing them to the Iagon network. This way, Iagon can create a competitive super-computer and super-data center.
  • Fair and Competitive Pricing: Iagon's decentralized storage and computing platforms offer competitive and fair prices optimized by the protocol itself. Both services are offered independently, so companies won't need to waste their funds on cloud solutions they don't need. By cutting out the middlemen and connecting users directly to resource providers, Iagon can offer more savings.
  • Security and Data Safety: Iagon ensures a high degree of privacy as the distribution of data is handled by multiple nodes instead of a single, vulnerable server. This makes data tracking harder for potential threat actors and thus reduces the probability of an attack on a single user. Iagon uses advanced encryption techniques to ensure the security of data. This makes it difficult for potential threat actors to track or attack a single user’s data.
  • GDPR Compliance: Iagon's platform seamlessly fits GDPR requirements and any other data regulation framework worldwide into the mix, so users can focus on their data, not regulations.

While decentralization is a key aspect of Iagon’s model, it’s just one of many advantages that allow it to compete with established cloud services. It’s the combination of these factors that makes Iagon a compelling alternative in the cloud services market.

Using the Iagon Network

The Iagon protocol involves storage providers who offer their resources, resource consumers who use these resources, and a marketplace facilitated by the Iagon protocol where these transactions occur. The protocol ensures that all transactions are secure, transparent, and beneficial to all parties involved.

Let's describe the parties involved in the Iagon protocol:

Storage providers are the entities that provide storage resources to the Iagon network. Any device that meets the minimum requirements can become a storage provider, allowing users to earn rewards for providing storage.

Resource consumers are the users who consume the storage resources provided by the storage providers. They pay for the storage they use, and the payment goes to the storage providers.

The marketplace is the platform where storage providers and resource consumers interact. The marketplace allows storage providers to earn rewards by trading their excess storage to resource consumers at a transparent price.

Iagon protocol is the underlying technology that facilitates the interaction between storage providers and resource consumers. The protocol ensures data privacy, security, and accessibility. It also handles the distribution of rewards to storage providers.

Iagon has a detailed roadmap for 2023-2025, which includes several key milestones.

I believe the roadmap is not up-to-date. Iagon boasts several hundred running nodes in several dozen countries. You can join too.

Conclusion

Web3 represents the next generation of the internet, where decentralized applications (dApps) operate on a peer-to-peer network instead of relying on a single authority. Iagon, with its decentralized cloud storage and computing platform, fits perfectly into this vision.

Iagon provides decentralized cloud storage for deploying dApps and storing NFTs on a trustless and permissionless network. This aligns with the Web3 and DeFi ethos of decentralization and user control. Iagon allows users to have full control over their data. Users decide what they share and who gets to see it.

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