Blockchain and cryptocurrencies are accompanied by a wide range of evolving technologies that are facilitated by the rise of the internet. Edge computing, a distributed computing paradigm that enables processing data far away from a data center or cloud at the “edge” of the network, counts among them.
Edge computing, a key technology of the Metaverse, alleviates latency by processing data closer to the source, thus significantly reducing the time it takes for data to travel to and from a server. By bringing computing power and data storage closer to the location where it’s needed, edge computing has the potential to save bandwidth while resulting in better response times. Processing data locally also ensures that applications continue to run as intended even when there is a network outage.
The potential use cases of processing data at the edge of the network created an available market of $11 billion in 2022. From healthcare to manufacturing to agriculture and to gaming, the edge-computing market is growing at a CAGR of 37.9%, according to Grand View Research, with a $155.9 billion total available market forecasted for 2030.
As edge computing continues growing at a fast rate along with the availability of better internet connectivity, projects have started looking for ways to benefit from blockchain, artificial intelligence (AI) and other technologies to provide users and businesses with new ways to monetize their internet availability.
Powered by high-speed Wi-Fi devices, the RevoFi network is a decentralized wireless infrastructure platform aimed at delivering a simplistic approach to onboarding for nonfungible tokens (NFTs), crypto and decentralized finance (DeFi). RevoFi aims to democratize and decentralize the internet
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