News

What is Cryptoeconomics?

Cryptoeconomics is an emerging field that revolves around the protocols involved in production, distribution and consumption of goods and services in a decentralized digital economy.

There is no official definition yet because this is a new field. But broadly speaking, it encompasses the latest technologies such as blockchain, game theory and cryptocurrencies like bitcoin.

Before we understand about cryptoeconomics, let’s briefly look into how it evolved.

Evolution of cryptoeconomics

If you take any torrent system, users can share or download files freely. However, the unwritten rule was users who download these files and have to seed them as well. But, not all users followed this rule simply because there was no economic incentive to seed and the process of seeding took up a lot of unnecessary space on the computer. As a result, peer to peer network sharing failed as a concept.

In 2008, a group or an individual called Satoshi Nakamoto released a paper about bitcoins. This concept used blockchain technology to take peer to peer network sharing to new levels. The difference between the failed sharing system and this one is that, now people had an economic incentive to follow the rules.

As a result, bitcoin has caught on in a big way and has led to the development of a new form of digital economy called the cryptoeconomics. As you would’ve guessed, it’s a combination of two words – cryptography and economics.

Why is it so called?

Bitcoins are based on blockchain technology where each block contains the hash of the previous block, so the entire chain is continuous. Each of these blocks will have transactions and a state that can change based on the nature of the transactions. For example, if one person has 100 bitcoins and wants to send 40 to another person, then these blocks will reflect the new states of 60 and 40 respectively. All these information is protected by cryptography functions like hashing, signatures and zero-knowledge proofs. This means, you’re transactions are safe and only valid transactions are allowed.

Since money in some form is exchanged for goods and services, there is economics involved. Each user has some financial incentive to perform a particular action in the peer-to-peer network. Broadly speaking, there are two types of incentives they have. The first incentive is in the form of tokens or cryptocurrencies that are assigned to users for their contribution to the peer-to-peer network.

The second incentive is rewards for doing a good and responsible task on the network. Likewise, users can also pay a fine or can even have their rights taken away for any bad acts they do. So, there is enough incentive for a positive contribution and this leads to economics.

That’s how cryptoeconomics came about.

We’ll talk in depth about this technology and how it works in future pieces. Do check back to know more about bitcoins, blockchain technology and cryptoeconomics.

 

The post What is Cryptoeconomics? appeared first on Cloud News Daily.

Sin categoría

TidalScale to Exhibit at @CloudExpo | @TidalScale #Serverless #AI #SDN #SDS

SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON’s 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.

TidalScale has been involved in shaping the computing landscape. They’ve designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry – internet, Ethernet, operating systems, programming languages and microprocessors. Their elite team has collectively earned dozens of patents, three film credits and grown record setting businesses. And collectively, they’ve shipped more than 2 billion licensed products. They are difference makers who have a reputation for delivering innovative products and accomplishing what many others don’t believe is even possible. They are truly passionate about making things happen for their customers, partners and investors. They know how to work hard and still have a life.

read more

AWS, Azure, Featured, hybrid migration, Network Infrastructure, Network virtualization

Migrating Your Network to AWS & Azure to Achieve Hyper-Flexibility

What to Consider When Migrating Your Network

Network Consultant, Bobby Mazzotti, discusses how to migrate Layer 2 MPLS Networks to AWS & Azure and by moving away from traditional networks, you can achieve hyper-flexibility in your network. He also discusses what you need to consider first when migrating your network. The Azure vs AWS showdown has been going on for some time now. There’s no easy answer, so always take the time to figure out which is best for you!

Contact your account manager or reach out to us and set up a meeting to discuss your AWS/Azure migration initiatives.

By Jake Cryan, Digital Marketing Specialist

Download Video, Hide icons Desktop, Mac, Make Screenshot, Parallels Toolbox, Parallels Toolbox for Windows, Record Screen, Windows

What’s New in Parallels Toolbox for Windows Update 1.1?

Whether you’re a PC or Mac® user, you can get tasks done with a single click with Parallels® Toolbox. Parallels Toolbox for Windows is a go-to resource for accomplishing daily tasks—at a lower price than even a single competitive utility. Everyone from computer newbies to business pros can save time and effort by using this […]

The post What’s New in Parallels Toolbox for Windows Update 1.1? appeared first on Parallels Blog.

Sin categoría

Announcing @IBMWatson Day at @CloudExpo | #Cognitive #AI #ML #DL #DX #FinTech #Chatbot

Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant that knows everything and can respond to your emotions and verbal commands!

read more

Sin categoría

Announcing @AvereSystems to Exhibit at @CloudExpo | #DataCenter #Storage

SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON’s 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.

Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers to house increasing amounts of storage infrastructure.

read more

Sin categoría

[session] Automated Infrastructure with Containers | @DevOpsSummit @CoreOS #DevOps #Kubernetes

Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with legacy components, and also go over automated capabilities provided by operators to auto-update Kubernetes with zero downtime for current and secure deployments.

read more

Sin categoría

“Unlearn” to Unleash Your #DataLake | @CloudExpo @Schmarzo #BigData #AI #DX

It takes years – sometimes a lifetime – to perfect certain skills in life: hitting a jump shot off the dribble, nailing that double high C on the trumpet, parallel parking a Ford Expedition. Malcolm Gladwell wrote a book, “Outliers,” discussing the amount of work – 10,000 hours – required to perfect a skill (while the exactness of 10,000 hours has come under debate, it is still a useful point that people need to invest considerable time and effort to master a skill). But once we get comfortable with something that we feel that we have mastered, we become reluctant to change. We are reluctant to unlearn what we’ve taken so long to master.

read more

Sin categoría

IDC: Public cloud accounts for just over a third of worldwide IT infrastructure sales

International Data Corporation (IDC) has said that public cloud providers are reshaping the IT market; being responsible for a third of all the servers, data storage, and Ethernet switching equipment sales.

As per the IDC research, public cloud companies crossed a milestone during Q2/2017, now accounting for just over a third (33.5%) of worldwide IT infrastructure sales, an increase of 34.1% y/y. The revenue totaled $8.7 billion.

During Q2/2017, the Private cloud generated $3.7 billion in sales, an increase of almost 10% y/y. Together the public and private cloud IT infrastructure sales have nearly tripled in the last four years, noted IDC.

Demand decreased 3.8% y/y in Q2/2017, representing the traditional or non-cloud customers. Yet the segment remains an important one, generating $13.6 billion in Q2 and representing more than half (52.4%) of the market.

Demand for storage is high, accounting for over a third of public cloud revenues in Q2, an increase of 30.4% y/y. Sales of both Ethernet switches and servers increased 26.8% and 24.6%, respectively.

Research director at IDC’s Computing Platforms practice Kuba Stolarski said that Amazon has been a driving force behind the increase in the spending. Its rivals, however, are just sitting still.

Stolarski commented about them, saying «it is important to remember that many of the other hyperscalers – Google, Facebook, Microsoft, Apple, Alibaba, Tencent, and Baidu – are preparing for their own expansions and Skylake/Purley refreshes of their infrastructure.» Skylake and Purley are newer processor architectures for high-performance servers from chipmaking giant Intel that cloud providers can use to speed up their workloads.

Dell is slightly in the lead with 11.8% of the market on cloud IT infrastructure sales of over $1.4 billion and HPE is right behind 11.1% share of the market and over $1.3 billion in revenue.

Cisco is at the third position, with just over a $1 billion in sales and 8.2% of the market. Huawei, NetApp and Inspur make into the top five vendors. Collectively, ODMs (original design manufacturers) that sell directly to data centre customers beat all of them, with $5.4 billion in sales during Q2/2017 and 44% of the market.

Are you surprised at the IDC results? Share your thoughts in the comments.

News

Teridion Gets a New CEO

Teridion, an Israeli-American based cloud networking company, has got a new CEO. Saar Gillai, the former vice-president of Hewlett Packard enterprises has taken over the reins of this company to put it on the past of fast growth.

Teridion is a company that aims to create fast lanes for content to move from cloud providers like Box top their end users. In many ways, this company’s software acts as a traffic cop that direct users through the best possible route to reach the destination.

Let’s say, a user requests content from Box, but one of the nodes in the network is down. Instead of delaying the availability of data to customers, Teridion’s software routes it through other nodes, so the user doesn’t even know something is amiss. It’s not just when a node is down, even during normal transmissions, this software finds the best possible route to ensure that the content reaches users quickly.

Teridion claims that it can increase network speed by ten times, thereby offering high availability and on-demand services to customers. Also, there is zero capital expenditure involved in this process, as everything is controlled by Teridion’s software.

This four year old company helps SaaS customers to have a congestion-free and latency-ridden performance. As Internet traffic grows, it is difficult to continuously build out hardware and infrastructure as both are expensive and time-consuming. This is why Teridion came up with this unique idea to create a software that will manage congestion, without any capital expenditure for clients.

So far, this idea seems to have caught on well with customers in the tech world. Teridion’s revenue has grown manifold over the last four years and now, it is all geared to move on to the next level of growth and performance.

To help Teridion to leap to this next level, this San Francisco-based company has hired Gillai because of his in-depth knowledge in networking. He had worked in Cisco from 1998 to 2005 after which he joined a company called 3Com, a Cisco rival that was eventually acquired by Hewlett Packard in 2010. He continued with HPE in the role of a senior vice-president until last year. With more than 20 years of innovative experience and knowledge, the Teridion Board believes that he is the right person to head this company at this juncture. Gillai, replaces Chris Keene, who held this position for one year.

The post Teridion Gets a New CEO appeared first on Cloud News Daily.