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Reading: SONM Coin: The Decentralized Computing Power Marketplace
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Latest cryptocurrency news > ALTCOIN > SONM Coin: The Decentralized Computing Power Marketplace
ALTCOIN

SONM Coin: The Decentralized Computing Power Marketplace

BH NEWS
Last updated: 28 November 2023 17:17
BH NEWS 2 years ago
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SONM Coin is an internal currency used in Sony’s computing power market. Users can access resources provided by Sonm through SNM. Sonm offers distributed cloud services built on individual hardware. Users can rent out their own hardware or use the computing power of others for their own needs.

The fundamental idea of fog computing is to use a decentralized network consisting of various individual computing devices instead of a single data center structure. SONM (SNM) offers a platform for applications that can complete a wide array of tasks, from CGI rendering to scientific calculations and even gaming, aiming to be a global decentralized marketplace.

The SONM platform aims to create a global market for computing power, enabling both individuals and businesses to use decentralized computing resources as needed, allowing individual hardware owners to generate income by renting out their computing resources, and to create a real alternative to cloud computing giants.

The infrastructure provided by Sonm enables the hosting of decentralized applications or blockchain-based services that require computing resources. Additionally, users can obtain the best performance from GPUs on the Sonm network at a low cost.

SNM Coin is gaining popularity as a cryptocurrency that is making steady progress and serves a different purpose than others. It is observed that investors include the token in their investment portfolios, especially due to SONM (SNM) developments. Current and historical figures such as SONM Coin’s market value and circulating supply are important for a better assessment of the coin. It is also stated that SONM Coin can be easily purchased through Binance, the world’s largest cryptocurrency exchange, during this process.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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