Hypernet aims to enable high-performance computing in a truly decentralized environment, in essence, building the world’s largest decentralized supercomputer. Speaking with Mahesh Sashital of Smartereum TV, Ivan Ravlich, CEO, and co-founder of Hypernet described how he and his team are solving this problem of access to computation.
As technology continues to evolve, the need for computational power continues to grow. Researchers, organizations, and individuals need high-performance systems which at the very moment is very expensive. At the other end of the spectrum, the number of mobile devices connected to the internet has exploded; this, in turn, means that there is lots of unused computational power available.
Channeling this latent computational power from the independent devices to be used where they are actually needed for projects will, no doubt, hasten the pace of development across the globe as technological projects will have access to very affordable computational power.
“Data is king,” he said, “but data is only king if you can actually get insight from that data.” Ravlich, an aerospace engineer, and Stanford-trained rocket scientist had to put his Ph.D. on hold as Hypernet came calling.
What is Hypernet?
Hypernet aims to enable high-performance computing in a truly decentralized environment. According to its whitepaper, the protocol allows for parallel computing over a decentralized, dynamic, distributed network utilizing idle computational power. It is, in essence, building the world’s largest decentralized supercomputer.
As Ravlich explained, Hypernet uses a novel Distributed Average Consensus (DAC) algorithm over a network of decentralized systems to solve problems that flawed other parallel computing models. While working on the project, he realized that “the biggest problem to solve was how to coordinate the compute of everything. How do you get all the computers to talk to each other and actually do useful computations?” And they set out to solve this.
The DAC protocol is very important at a time when privacy is of utmost concern and systems are becoming decentralized. Ravlich notes:
“With the evolution of these peer-to-peer technologies, you end up with a with a problem and that problem is how do you gain insights and intelligence from your data when it’s all decentralized”
Hypernet protocol solves this problem through its DAC protocol and a consensus-driven load balancer built on blockchain. The system thus allows people over the globe to sell the idle computational power on their devices to power computations for projects conducting large-scale data processing.
Though DAC is an off-chain solution, Ravlich explained that the system needed blockchain to actually schedule jobs on the network. With the decentralized backbone that blockchain affords, the system could prioritize the allocation of compute power. Hypernet thus moves from “more theoretical curiosity into something that could be used quite widely in industry” he noted.
HyperToken [HYPR] Token sale
In the near future, Hypernet plans to conduct a token sale for its HyperTokens [HYPR], which is an ERC20 standard token that will be used to govern activities on the Hypernet ecosystem. HYPR will serve as a collateral for launching compute job, be used to allocate computing network as well as verify the reputation of buyers and sellers.