ICO Spotlight: Blockchain Network Sparkster Is Drag-and-Drop Interface

ICO News, Innovation | July 16, 2018 By:

Sparkster is a project aiming to enable anyone to develop software without actually needing to engage software developers or knowing how to write code by using drag and drop interfaces containing “blocks of logic” written in plain English. The interfaces are built in HTML5 and are desktop and mobile compatible. The applications created with the interface will then be run on Sparkster Decentralized Cloud, which is a blockchain network capable of handling 10 million transactions per second. The Sparkster Marketplace is a peer-to-peer facilitating the monetization and sale of user creations.

The network boasts a “decentralized execution of smart software,” described as a new approach to smart contracts allowing for applications to operate throughout the decentralized cloud network hosted on cell phones, laptops, desktops, and other personal devices. Users can contribute excess processing capacity from their devices to facilitate the network and become a miner operating a node to be rewarded in the native cryptocurrency which is called SPARK.

The project views this as a price-efficient solution to cloud storage that does not require server farms with expensive equipment, cutting out the middleman and allowing users to earn rewards for facilitating cloud storage and disrupt the US$246 billion cloud computing industry. Users will be able to set the price for the use of their own device themselves, creating a competitive micro-economy. The software written is blockchain agnostic and can function on a variety of blockchains such as Ethereum and IOTA. The SPARK token is aimed to facilitate trade between marketplace users who can publish and monetize software with the token. Miners will be rewarded in SPARK and will also use the tokens for staking, and contract execution is bought with the tokens as well.

Sparkster’s proposal to enable anyone to create custom software is a novel one, and the platform will allow people to monetize and sell their software on a peer-to-peer marketplace, something which is currently not available to mainstream userbases. The project stands to disrupt the US$246 billion cloud computing industry if successful by enabling a network of users to create both a cloud storage platform and the content being stored, sold, and distributed on that platform. [MORE]

The Trust Platform summary was originally published on the Amity Blog. The Amity editorial team of cryptocurrency experts and writers predominately covers whitepaper summaries of ICOs and long-form articles about topics that interest their community.

Read more about this and other ICOs at BlockTribune’s ICO Wiki