Abstract: Methods and systems are presented for a cryptocurrency based on distributed ledger (such as blockchain) technology, where a currency emission mechanism is tied to providing useful electronic resources such as computational power, storage, or connectivity to other nodes of the network, effectively creating a distributed computational cloud or supercomputer. Such resources may be provided in a secure (in case of computation sandboxed) environment in order to provide security for the nodes providing the resource. Stored data chunks may be encrypted in order to prevent the storage nodes from accessing the information. Resources may be provided on a non-exclusive basis, with a certain degree of redundancy to assure the nodes requesting the service about its integrity. The present disclosures allow free trading of electronic resources, and have a cryptocurrency that has its value associated with them, effectively building a supercomputer or a cloud where the nodes are rewarded monetarily for their participation.

Abstract: Methods and systems are presented for a cryptocurrency based on distributed ledger (such as blockchain)technology, where a currency emission mechanism is tied to providing useful electronic resources such as computational power, storage, or connectivity to other nodes of the network, effectively creating a distributed computational cloud or supercomputer. Such resources may be provided in a secure (in case of computation sandboxed) environment in order to provide security for the nodes providing the resource. Stored data chunks may be encrypted in order to prevent the storage nodes from accessing the information. Resources may be provided on a non-exclusive basis, with a certain degree of redundancy to assure the nodes requesting the service about its integrity. The present disclosures allow free trading of electronic resources, and have a cryptocurrency that has its value associated with them, effectively building a supercomputer or a cloud where the nodes are rewarded monetarily for their participation.