Review on CanonChain by Pedro O. Alvino M.
Decentralized supercomputer
Canonchain try to create a supercomputer and a network system with dispersion storage, computing and bandwidth based on blockchain technology, all understood without a central government, where it commits to establish an ecological and sustainable network in the long term.
Through an incentive program for its developers, it promotes the work of external developers that allow better development characteristics through an open source system in applications and industries.
In a way Canonchain is a decentralized supercomputer capable of running on any network device, where the terminal devices provide input and output, and the data is processed in the Canonchain controlled fog network.
Pros
- Consensus algorithm based on the contribution of device resources, such as computing, storage and communication.
- It includes a new design of smart contracts to accommodate events inside and outside the chain to allow the exchange of value between inside and outside the chain.
- It is made up of a cryptographic structure and access control that allows individual users to have access to their own data.
- The optimized hardware interface allows heterogeneous devices to have continuous access to CanonChain.
- Extensive integration of existing third-party software.
- The ecosystem fog network provides computational power to process data.
- All devices and functions of the platform are connected in a decentralized way.
Cons
- No new features for future development.
- The detailed information of its leaders is not supported.
- There is no support community behind the project.
