The world is moving towards decentralization of the internet via the blockchain. Several startups exist that provide one form of service or the other in the decentralized ecosystem. Poseidon Network, one of such startups is focusing on decentralizing data and bandwidth sharing among internet users and has launched an IEO through ABCC Exchange today, 13 May 2019.
How it works
Just like miners who share spare space and bandwidth for mining cryptocurrencies and get paid for it, other internet users can do the same and Poseidon Network is out to make this possible. According to the company, it is providing an alternative data sharing method that is much faster and cheaper than the existing structures for such sharing by using the Internet of Things (IoT) devices.
Users of the network will be rewarded with two types of tokens, QQQ tokens, and PSD token. The first will be used as a utility token on the network for miner reward and users who pay using this token are entitled to…
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