Power (of the web 3.0) to the people, even if it only means having a Raspberry Pi.

December 9, 2021

-Mindaugas Savickas, Co-founder and CEO

I’ll try to keep my thoughts simple, similar to my fellow partner Patrick’s introduction to the Sukhavati Protocol.

Today I want to focus on a few things that just make sense going forward despite your stance regarding crypto, bitcoin, politics, culture, or anything else.

Let’s kick off with Web 3.0, a term famously coined by Dr. Gavin Wood. What’s so good about it? In my opinion, it is composability. To put it simply — in web 2.0, you have locked apps and ecosystems with no or limited interoperability. They act like closed silos for their benefit.

Web 3.0 changes that by allowing apps, platforms, and whole ecosystems to interconnect in a permissionless and open-source manner. Web 3.0 not only cuts out the middleman — it empowers and incentivizes the creator and user.

Tim Ferris, Naval Ravikant, and Chris Dixon recently explored this topic in-depth here.

Okay, now where does Sukhavati come in?

In short, we don’t want a cloud network that is supposed to change the internet (web 3.0!) to be controlled by the Big 3 (Amazon, Google, and Microsoft). If the whole promise of web 3.0 is decentralized governance and usage of the internet, let’s make sure the people themselves run the cloud space.

But I am happy with my super fast AWS service that has 99.99% uptime!”

Let me tell you this: you don’t want one specific company to have a central point of control. If things go south, or if a government wants to shut down your network, you want to have a backup plan. Did I mention something about data ownership? Up till now, you have been selling massive amounts of your data by simply browsing the centralized web.

“Okay, that sounds interesting, but who are those people behind hosting the decentralized cloud network?” Well, they are miners. Not the Bitcoin miners, but ordinary folks using their storage solutions (e.g., SSDs) to mine and keep the network going. These miners have been the no. 1 priority for us since the inception of Sukhavati Labs. Why? Because they are the builders, gatekeepers, and contributors to the underlying principles for a decentralized web to exist in the first place.

“Well, but that must be super complicated and expensive to contribute?”

Hell no! What I personally love about the Sukhavati protocol is the ability to provide the lowest possible barrier of entry for all miners. Sukhavati’s mining process consumes very little energy and requires only a small amount of local disk I/O and CPU. Believe it or not, it can be mined on personal computers, home NAS servers, or even devices like Raspberry Pi. The whole process is very green and energy-efficient.

We are excited to share that the first major step in our whitepaper, the public launch of our consensus layer, is just around the corner. As I type this, some of our mining partners have already begun testing the network. Here soon, any of you reading this will be able to download Sukhavati’s open-source software and begin adding security to our network, and earning mining rewards.

We cannot wait to work with our community to bring this vision of decentralized cloud storage to the emergent Web 3.0 ecosystem.

Disclaimer

The information provided in this Medium Post pertaining to Sukhavati Labs, Ltd., a British Virgin Island company, its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Sukhavati Labs and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Sukhavati Labs expressly disclaims any and all liability that may be based on such information or errors or omissions thereof.

Sukhavati Labs reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.

The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose.

Neither Sukhavati Labs nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, Sukhavati Labs undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

About Sukhavati Network

Sukhavati Network is a decentralized cloud network service that is focused on storage. The network is built on hardware-based Trusted Execution Environment (TEE) and the Substrate framework to inspire and incentivize improvements on distributed storage ecosystems.

Sukhavati creates a decentralized gateway that covers both Web 3.0 and Web 2.0 storage services. It allows unified data storage, retrieval, and management on Web 3.0 applications.

Website: https://sukhavati.io/

Twitter: https://twitter.com/Sukhavati_N

Discord: https://discord.com/invite/nhTd23PMSA

Telegram Group: https://t.me/SukhavatiNetwork

Telegram Announcement Channel: https://t.me/SukhavatiN

Medium: https://medium.com/@Sukhavati

Reddit: https://www.reddit.com/r/SukhavatiNetwork/

--

--

--

Sukhavati is a decentralized cloud service network focused on storage.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Security Token Market Real Estate Report: March 2021

U.S. Secret Service is buying Coinbase software for tracking cryptocurrency transactions

Thank You Saitama Token For Another Dissapointment

How I Made Over $100k Gambling with Cryptocurrency

Solving the Bitcoin scalability problem

DEL listed at DEX exchange

Let’s Talk About Block 0

The 10 Steps That Will Lead To Bitcoin’s Death

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
SukhavatiNetwork

SukhavatiNetwork

Sukhavati is a decentralized cloud service network focused on storage.

More from Medium

Introducing Porta Appchains

The Consensus Mechanism of Thinkium Ecosystem

Last Update of SkyeKiwi on 2021

Polkadot Francophonie programme - 2022 - events program