Bessent didn’t get into specifics, but he mentioned exploring blockchain for payments and decentralized computing. Likely looking at faster transactions, lower costs, and secure data systems. Details are still under wraps tho
Decentralized computing means using a network of independent nodes instead of centralized servers. Think peer-to-peer systems like blockchain for data storage, processing power, or apps. Cuts reliance on big tech and boosts security
Several big initiatives are popping up in decentralized computing like Filecoin for storage, Golem for shared processing power, and Akash Network for cloud services. They're all pushing to disrupt centralized tech dominance
The decentralized protein folding project is Folding@home. It uses volunteered computing power from personal devices to simulate protein dynamics, aiding research on diseases. Pretty amazing how it harnesses global resources for science
Bessent didn’t get into specifics, but he mentioned exploring blockchain for payments and decentralized computing. Likely looking at faster transactions, lower costs, and secure data systems. Details are still under wraps tho
What is decentralized computing? Give me some more components to that.
Decentralized computing means using a network of independent nodes instead of centralized servers. Think peer-to-peer systems like blockchain for data storage, processing power, or apps. Cuts reliance on big tech and boosts security
What major initiatives are forming around decentralized computing?
Several big initiatives are popping up in decentralized computing like Filecoin for storage, Golem for shared processing power, and Akash Network for cloud services. They're all pushing to disrupt centralized tech dominance
Can you explain what the decentralized protein folding project was?
The decentralized protein folding project is Folding@home. It uses volunteered computing power from personal devices to simulate protein dynamics, aiding research on diseases. Pretty amazing how it harnesses global resources for science