Hypernet Review

HyperNetwork Review – Welcome to the future of Hypercomputing

An essential fact of human evolution has been the culmination of societies. One single person, as an individual, is a capable being but nothing more. On the other hand, humans as a society, as a complex group working towards the same goal, are unstoppable and have transcended the passage of time in a glorious manner.

Technological developments has introduced to us the Era of Information. Every passing day we generate an extraordinary amount of data, and the quantity is growing exponentially with the growth of Internet of Things and the expansion of various sensors. If the growth of devices continues at the same rate our need for computing resources will outstrip our ability to provide.

Nowadays the computing capacity is highly centralized and only after the data has reached data servers can any analysis or inference be drawn from the data received.

Instead of following the example of humanity by working together in pursuing similar goals, computing has evolved so that computers and devices are isolated on their own… and that simply is not enough. The amount of information created is far outpacing the computing resources available to anatomize the data.

Here and now, with the qualities and capacities inherent to blockchain tech, Hypernetwork is trying to make a huge step by enabling the connection of all the existing devices, in order to work together to develop a decentralized network of computational power. This will be in the hands of those with the vision and courage to continue pushing the limits of human greatness.

At Coin Crunch we are trying to move at “crypto-speed”, if you want to keep up with our rhythm and advance with us in this amazing journey:


Problem

The amount of data generated each day is exploding: – Cisco has anticipated that by 2020 fifteen billion terabytes of data will be generated each year.

Unfortunately the majority of this data will not be made useful because of friction points throughout the current centralized data storage networks as well as the inefficient allocation of resources when it comes to computing power.

Friction in Remote Data Centers

Currently data is generated all over the world and must be forwarded on to remote centralized data centers located around the world. Only when the data reaches the data centers can any useful information be gained from the data.

In cloud computing, data moves through an average of 20 network gateways for a request or transfer with each gateway delaying the possibility for actionable intelligence to be extracted from the data.

Technology’s advancement has been rapid since the introduction of cloud computing and data storage, this delay in inference has created a bottleneck to real-time data acquisition, which is the direction the Internet needs to move towards and fortunately is shifting towards.

As the amount of data transferred online continues to explode these centralized computing servers will become even more inefficient, impractical, and costly than they already are.

As much as 85% of the price associated with cloud computing comes from infrastructure, hardware, maintenance, personnel and cooling. These unnecessary costs can be eliminated if the millions of untapped devices in the world could be leveraged for their computing power.

The Inefficient Use of Computational Power

There is more than enough computational capacity and power in the world to analyze the vast ‘treasure trove’ of data generated each day however because of the lack of efficient solutions to harness idle computing power this remains impossible.

With the millions, if not billions of smartphones, tablets, laptops, and personal computers idle, all of their potential computational power goes to waste.


Solution

As we are aware; by 2020 a large amount of data will be generated. With this and all of the billions of devices on the network communicating with one another and within the cloud its expected that the network will be congested

In addition the expense of expanding the infrastructure that comprises the cloud will also continue to grow.

The expense of entering the market will also mean that there will be even less competition than now. So there needs to be a solution that will not replicate what the large data centers from Google and AWS presently do. Rather there will need to be be a decentralized solution that takes advantage of the unused network, storage and compute capacity around the globe.

This is what the Hypernet Ecosystem aims to do. They will create a decentralized platform that will connect the individuals and companies that are looking for computing resources with those sellers that have available computing resources to lease for a fee.

The Hypernet Ecosystem will take advantage of the concept of distributed optimal control (IEEE has a great paper on this topic at : https://ieeexplore.ieee.org/document/7985122/) and the blockchain that we are now so familiar with.

There will be 3 main components in the systems – each will be described below:

  1. Blockchain Resource Scheduler
  2. Hypernet Consensus Infrastructure
  3. Hypernet Executable Environment

Main Features – Tech Overview

Blockchain Resource Scheduler

The blockchain resource scheduler functionally behaves like other scheduling tools. It identifies when a desired resource will be available and helps to schedule and book the usage.

For the buyer, the computational requirements and assumptions for the output will be cataloged and made available to the resource seller. This is made clear in the picture below.

Hypernet Consensus Infrastructure

The hypernet consensus infrastructure is the API that will provide the gateway into the brain of the system. It is via this API that developers can write functions that provide input and accept input from the various layers of the network.

The API will be provided in languages that are most useful to data scientists and other compute intensive professionals. The intent is to first provide APIs for Python and C++. Two very popular programming languages for professionals working in those fields.

Hypernet Executable Environment

The last component to cover is the security built into the environment. This environment provides a sandbox and whitelisted environment that allows the program to execute in an environment that cannot access the seller’s environment.

There are controls in place to ensure that the environment can only access those services that have been whitelisted by the seller. Without this security a rogue program could “infect” the seller’s machine or even take it over.


Roadmap


Token Economics

Hypernet tokens, called Hypertokens, perform five interconnected and critical functions that enable a marketplace for decentralized computational power over dispersed, dynamic networks. Let’s take a closer look at the token model: Incentives and Governance

Staking:

Buyers and sellers must stake collateral to complete compute jobs. Hyper Tokens are that collateral. A seller stakes collateral on their devices while buyers place their payment into the smart contract up front. In a network with unknown actors, the collateral brings peace of mind to both buyers and sellers of compute.

Reputation:

A user’s reputation increases by being a reliable and responsible compute provider and compute purchaser, and this reputation is permanently logged on the blockchain. A user’s reputation increases the likelihood of participating in compute jobs.

Currency:

Hyper Tokens are the transactional currency which enables the buying and selling of compute resources on the network. The token will also be used to stake and track reputation within the ecosystem.

The Hypertoken will also serve another purpose and that is to serve provide collateral. For the system to work both sellers and buyers need to post collateral. The amount of collateral required is determined by the seller in the system.

Availability Mining:

Individuals can mine Hyper Tokens while waiting for compute jobs, by just being available in the lobby. This incentivizes users to join the network and make their devices available. While in the lobby, users can challenge other idle devices to see if they are truly online.

If they fail a challenge their collateral is collected by the challenger. The amount of tokens available for mining decreases over time, so signing up devices early earns the most tokens.

Decentralized Governance/Voting:

Nodes participate in challenge and response and are incentivized for helping maintain the quality of the network, and weeding out bad actors. Each node pings other nodes in a challenge/response mechanism to determine if they truly are on when they say they are on. Major changes in the network may be voted on, with your vote weighted by the amount of Hyper Tokens you hold.


Potential Considerations

List of potential issues that the token/protocol/project will face or has possibly overlooked

  • There is no public crowdsale currently planned.
  • As Bitcoin faces the possibility of centralization of miners in countries such as China with access to cheap electricity and mining hardware, it could be possible that Hypernetwork may face a similar fate with their decentralized computing power network.
  • It is unclear what mechanisms are in place to deal with malicious behavior relating to adversarial buyers requesting computations to be done on code that can never reach a specified checkpoint.
  • If there are any dispute resolutions they may be difficult to resolve as jobs are managed by the smart contract code.
  • Buyers are required to use Hyper tokens and this may act as a potential barrier to entry for enterprise companies and government entities as they will be required to hold and use Hyper token which is cryptocurrency.

Team + Advisors

Ivan Ravlich– Founder and CEO

  • Ivan has 10 years experience as an academic field such as:
  • Plasma Physics and Rocket Science Researcher at Ad Astra Rocket Company .
  • Materials Science Researcher at University of Auckland.
  • Ivan has completed a BS in chemical Engineering at University of Auckland.
  • Masters degree in Aeronautics and Astronautics, 4.083 and Currently completing a Ph.D. at Stanford University

Todd Chapman – Founder and CTO

  • Todd has 6+ years experience and is still holding this position as a Graduate Research assistant at Farhat Research Group.
  • Obtained BS, Aerospace Engineering at the university of Texas at Austin.
  • Also continued his studies to complete his Masters Degree and a Ph.D. in Aerospace, Aeronautical and Astronautical Engineering.
  • Todd was awarded a “Accel Innovation Scholar” issued by Stanford Technology Ventures Program.

Daniel Maren – Co-Founder

  • Before hypernet Daniel was a Advisor and a Manager at Sunpower solutions
  • Daniel has 5 +years as a Co-founder at IT companies Dragonfly Systems and WeJava
  • He also an award “Forbes 30 under 30” in 2014. This is award is issued by Forbes Magazine is for standouts individuals in their field.

Jake Leih – Digital Marketing Strategist

  • He has worked with several large organizations to optimize their marketing campaigns, including the offices of the President and Foreign Affairs of Paraguay, the European Union, and his own consulting company.
  • Jake Leih received both his bachelor’s and master’s degrees at Stanford University in international relations and digital media studies.
  • Jake has published 2 books:

Grant Webster – Product Manager & Growth Strategist

  • 17+ years experience as a co-founder and founder at Zip Campaign and Launch Thought LLC.

Randall Kaplan – Hypernet Advisor / Co-Founder of Akamai Technologies

  • Randall work history has all been in leadership roles, he has amassed 20 years as a co-founder, CEO, Managing Partner, Board Advisors, Owner at Akamai Technologies, CollarCard, EDO Inc, Jump Investor – VC (notable clients where Google and Seagate), and currently holds the title of Founder and CEO Sandee.
  • Notable during his team at JUMP has mentored more than 100 students through JUMP’s internships

Tony Reeves – Hypernet Advisor, CFO at Experian Global Technology

  • Experienced CFO with a demonstrated history of working in the Information Services and Aerospace Industry. Strong finance professional skilled in Acquisitions, Portfolio Management, Business Planning,Risk Management, Forecasting, and Strategy.
  • 23+ years experience as a CFO at Experian.

Joseph Urgo – Hypernet Advisor, Co-founder at district0x

  • Joseph is currently a Co-founder at district0x, it is decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS
  • Prior to this, Joseph founded Sourcerers.io, a consultancy supporting leading Ethereum-based projects.
  • Joe previously spent three years as an Operations Manager for Coinbase
  • He also advised projects Status, Keep, Bloom, Witnet, Access Network, Nebula, LiquidX, Fabric Ventures, and Republic.

Leave a Comment