A Short Description of DaoliCloud
DaoliCloud—Decentralized Autonomy of Lineup Cloud Servers—is a new blockchain technology to organize a large number of computers into a cloud service platform for them to sell/buy processing power, network connection, and storage space they have/need in exchange of the cryptocurrency coins they mine. Although this blockchain cloud is permissionless for computers to join and quit dynamically, we believe that joining will be more frequent than quitting, and hence the cloud will grow to a very large scale. The key to efficient linearizing potentially a very large number of miners to join and compete is a novel and powerful notion which we name Incentive Byzantine Fault Tolerance (I-BFT). Referees in I-BFT are incentive motivated to work in collaboration so that they usually reach a consensus with a big probability. We have implemented a cloud usecase to demonstrate that DaoliCloud is an easy to use open programming environment for hosting future peer-to-peer applications.