With cryptocurrency becoming more mainstream, the world stands on the precipice of a new global economy. With a global currency, there’s also a need for a worldwide computing network. These eight companies are some of the forerunners spearheading our plunge into a more digital and global economy. 

 

1. The Golem Network – Launched in 2016, the Golem network was created to develop a peer-to-peer supercomputer. People in the network are either classified as “requesters” or “providers.” This network essentially provides an avenue to rent computer power to those who need more power than their current system allows for projects like data analysis, machine learning, graphics processing, etc. Providers are paid with Golem Network Tokens, a cryptocurrency used in the network.

2. iExec – This innovative market network is opensource and allows anyone the opportunity to monetize their applications, servers, and datasets. iExec uses the cryptocurrency, RLC (Runs on Lots of Computers) tokens.

3. Ethereum – Ethereum’s technology allows users to send cryptocurrency for a small fee for using applications on their system that remain available to everyone with no risk of being removed from the servers. 

4. Hyperledger Fabric – Hyperledger is another open-source community focused on developing enterprise-grade blockchain deployments while developing frameworks, tools, and libraries for larger tech companies. While they don’t have a custom cryptocurrency like some of their competition, their chain code can be used by other companies to create a native cryptocurrency.\

5. Tendermint – With the future pointing toward decentralization, Tendermint aims to create a powerful and secure network that acts as the gateway to the Cosmos ecosystem of connected blockchains to ensure peer-to-peer accessibility in a safe environment. Tendermint builds the infrastructure used for open networks like Cosmos SDK, Tendermint Core, and Gaia. 

6. Lisk – Established in 2016, Lisk is an open-source blockchain application platform. The company offers developers access to blockchain technology through their decentralized community for both back and front-end app development.

7. Corda (V 3.0) – Unlike other opensource blockchains, Corda utilizes the distributed Ledger Platform (DLT) to cater to developers in the financial industry and other businesses. This platform does not have a native token available. Cordova’s platform allows companies to make discrete, private contracts with their smart contracts system. Corda is one of the first smart contract platforms developed for larger scaled businesses.

8. Rootstock – Rootstock (RSK) is another open-source smart contract platform. Unlike their competitors, RDK was developed on the blockchain of Bitcoin. Connected to Bitcoin via a two-way peg known as the ‘bridge’ and Merged Contracts Mining, the RSK blockchain offers near-instant contract payments, smart contracts, and more extensive scalability. Being a sidechain of Bitcoin, their native tokens are called SBTC. 

 

Keep your eye on these computing innovators if you wish to delve into the cryptocurrency market and shared computing networks. By creating open-source computing networks based on blockchain technology (a nearly impossible to hack or cheat information recording system), the future of technology is as open and decentralized as cryptocurrency. Offering accessible solutions to developers in every walk of life, these companies are expanding computing power, reach, and collaboration efforts in previously unseen ways.