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Bitvavo makes Aethir as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Aethir (ATH) offers decentralized cloud infrastructure, focused on making GPU computing power accessible. GPUs (Graphics Processing Units) are becoming increasingly important for demanding technologies, such as artificial intelligence (AI), gaming, and the Internet of Things (IoT). Aethir utilizes a global network of underutilized GPUs to provide affordable and scalable solutions.
The problem that Aethir aims to solve is the high cost and limited availability of GPU computing power. Traditional cloud solutions often require expensive data centers and rely on centralized infrastructures. This poses a challenge for startups and small businesses working on AI models or graphically intensive games. Aethir offers an alternative by pooling unused GPUs from individuals and data centers into a global network. Through this network, users can easily rent GPU computing power at lower costs.
What makes Aethir unique is the use of blockchain technology to ensure transparency, security, and fairness in the network. The platform's native token, ATH, plays a key role in this. This token is used for payments, staking, and governance, providing users and developers with a reliable means of transaction within the ecosystem.
Aethir also emphasizes flexibility and scalability. The infrastructure uses "containers" as virtual workstations for performing complex tasks. These containers are supported by a network of indexers and checkers. Indexers connect users with the appropriate containers based on their needs, while checkers ensure quality control and reliability.
With Aethir, companies and developers can benefit from powerful GPU services without having to invest in their own hardware. The network not only offers cost savings but also encourages innovation by making advanced technology more widely accessible. By combining the advantages of decentralization with blockchain technology, Aethir provides a scalable and sustainable solution.
Aethir was founded in 2021 by Mark Rydon and Daniel Wang. Rydon is an experienced venture capitalist with a background in both digital and traditional gaming. Wang is a blockchain advisor who was involved in multiple Web3 projects, including games. Together, they saw the need for better GPU services in the rapidly growing technology industry.
The team behind Aethir consists of professionals with expertise in blockchain, AI, and gaming. The project is supported by renowned organizations such as NVIDIA and CARV. Thanks to this collaboration, Aethir has raised over 9 million dollars in funding to further develop the network.
Aethir offers numerous applications for both end users and developers. Below are the main features and use cases:
Aethir combines blockchain technology with a decentralized network of GPUs. The platform is designed to distribute computing power globally and make it easily accessible. Within the ecosystem, containers function as virtual workstations that perform tasks such as rendering images or training AI models. Users send their requests to these containers, which then deploy the necessary GPU resources to efficiently complete the task. Containers are optimized to minimize latency and maximize performance.
Indexers play a crucial role in connecting users to the right containers. When a user submits a request, the indexer searches for available containers that meet the task's requirements. This process is designed to be fast, ensuring that users have immediate access to the necessary computing power.
Checkers ensure quality control within the network. They monitor the performance of containers and penalize poorly performing nodes, while rewarding well-performing nodes. This system ensures that users can rely on dependable services.
Aethir's decentralized infrastructure is powered by blockchain technology. Transactions and agreements are recorded on the blockchain, ensuring transparency and security. The ATH token is used for payments and governance, allowing users to participate in decisions within the ecosystem.
Aethir uses a unique consensus mechanism, Proof-of-Rendering (PoR). Every 15 minutes, the performance of the nodes is checked, and only the most reliable nodes are selected to perform tasks. This mechanism increases the reliability and efficiency of the network.
The ATH token forms the financial heart of the Aethir ecosystem and has multiple functions that contribute to the success and operation of the platform. Users can use ATH tokens to rent GPU computing power, make payments, and participate in network governance. Additionally, ATH tokens play a role in quality assurance and staking, ensuring efficient and reliable network operation.
The maximum supply of ATH tokens is 42 billion. These tokens are distributed according to the following model:
Technically, the ATH token is built on the Arbitrum blockchain, which ensures fast transactions and low costs. This scalability makes ATH attractive to both users and developers. The token also offers a strong rewards program, such as rewards for network participants and governance votes for token holders, allowing them to influence the direction of the project.
Aethir distinguishes itself from other blockchain and crypto projects through several unique features that prioritize innovation and accessibility. Below are five characteristics that make Aethir unique:
You can purchase Aethir (ATH) via Bitvavo, a platform that enables crypto trading. Follow these steps to buy ATH:
Keen to securely store your Aethir tokens? In your Bitvavo account, most funds are stored offline in cold storage, providing extra security. Despite Bitvavo's extensive security measures, it is wise to enable two-factor authentication (2FA). This adds an extra layer of security, ensuring your account is better protected.
Additionally, you can choose to store your ATH tokens in an external wallet. Both hardware and software wallets support ATH. Want to send tokens to an external wallet? First, verify the wallet address in your Bitvavo account before starting the transfer. This ensures that your funds are moved safely and smoothly to your desired storage option.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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