Hello Minswap Community,
As the Minswap LP ADA Catalyst Vote is currently running, and three of the proposals listed were submitted by NuNet, we at NuNet wanted to give some information about ourselves and the proposals so that the Minswap community can make more informed decisions during this governance vote.
NuNet is a decentralized cloud computing platform that allows anyone to sell the computing power of their device or utilize this power to run applications such as machine learning algorithms. Transactions to trade this computing power are carried out with NuNet’s utility token, NTX.
Below are links to NuNet’s Catalyst proposals listed on the Minswap vote, with brief summaries of what the proposals entail.
A vital ingredient to machine learning is data, and while a great deal of data is available, it’s not always easy to find the appropriate data to train a specific algorithm. Elasticsearch is a fast and scalable search and analytics engine, providing powerful analytics and visualization tools; we propose that NuNet should enable running this on our decentralized network to allow access to large datasets. This will decrease reliance on big tech databases, and enable anyone with eligible devices to host Elasticsearch nodes, configure them into clusters and be rewarded via Cardano smart contracts. Open-source frameworks to be used for this include Docker, Elastic Stack and Go libp2p.
GPU job splitting would allow single jobs to be replicated among multiple providers in the network, so that one device going down will not stop the entire process. This solution will deploy the prototype from the previous proposal mentioned above, into the current NuNet infrastructure. Once complete, it will allow service providers to run their computing jobs on many devices to help prevent their service from being interrupted unexpectedly.
Despite the preference for anonymity that exists in the crypto industry, there are still times that it is useful and required to prove one’s identity. In NuNet’s case, for example, the General Data Protection Regulation (GDPR) law in the EU makes it so that EU citizens’ data cannot be stored outside of the EU, so for a compute provider who lives in the EU to legally serve other EU citizens, they would need to prove that they are located in the region, and the users would need to prove their citizenship.
We appreciate the Minswap community’s consideration of these proposals in the governance vote.