and launched Blockchain based Crowd Machine

Veteran developer Craig Sproule and Metavine Lab have launched a prototype for the creation of fully decentralised applications called Crowd Machine

Must Read

How AI monitoring can make your business smarter and better

Artificial Intelligence (AI) makes it feasible for machines to learn from experience, adapt to new inputs, and perform human-like tasks.

Why cybersecurity threats have increased during Covid-19 pandemic

Cybersecurity industry has never had more significant task to carry out than guarding strategic associations and businesses from digital assaults during the coronavirus pandemic

How to choose an effective DDoS mitigation plan

There are several flavours from which to choose when selecting an effective DDoS mitigation strategy. Most enterprises opt for one of the cloud protection flavours (always-on or on-demand)

Veteran developer Craig Sproule and Metavine Lab have launched a prototype for the creation of fully decentralised applications called Crowd Machine. Crowd Machine has packaged the critical pieces of the decentralised app development stack; scalable computation, file storage, external data, monetisation, and payments bringing to market the system to build decentralised apps of the future.

Crowd Machine is further enhanced by the fact that apps can be built on top of any ; Bitcoin, Ethereum, Ripple and more, and is supported by a zero-code environment where virtually anyone can build an app, said a statement.

“The growth of the production blockchain ecosystem is slow because traditional development approaches don’t enable applications to be built at a pace that meets market demand,” said , CEO of Crowd Machine in a statement.

“The ICO market is awash with white papers promising applications to be delivered in unachievable timeframes. Crowd Machine delivers the technology to allow those promises to be met,” continued Sproule.

Three essential components form Crowd Machine

Crowd Computer is a global decentralised app execution engine. It has been designed to execute blockchain smart contracts and decentralized apps. The Crowd Computer is a peer-to-peer network of crowd virtual machines (CVM) that run on peer devices with owners compensated for the use of their surplus processing power to run the CVM. This is a highly powerful decentralized and is being finalized by ex-Blockstream developers, Ben Gorlick and Johnny Dilly, who have joined the project.

Crowd App Studio makes it significantly faster and cheaper to build traditional and blockchain apps for those that understand logic and rule-based processes.  It will play a key role in ushering in a new stable of market-ready apps that can disrupt the dominance of centralized infrastructure companies.

Crowd Share enables the community to contribute source code to its repository. Each time source code is consumed and executed on the Crowd Computer the community member who contributed the code is compensated.

Fred Ehrsam, ex-Coinbase co-founder, who examined the state of the decentralized application development stack and whether all the parts of the stack were currently available to create a fully decentralized app in this Medium blog – said “when the answer to that question is “yes!”, the ecosystem can rapidly create decentralized applications and experience explosive mainstream growth.”

Crowd Machine is the first and only full stack available to integrate with existing smart contracts and extend the functionality of those contracts, both on-chain and off-chain to deliver superior robustness.

The Crowd AppStudio has been in the works for a number of years, and battle tested by Fortune 500 companies; General Electric, AON Hewitt, KONE, Anthem and Pacific Western Bank as examples. What used to cost several hundreds of thousands of dollars to use, will now be open to developers and non-developers alike for free, making code a thing of the past and a serious competitor to building dApps on Solidity.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Share your views

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Related Articles