Decentralized Computation refers to the execution of computational tasks across a distributed network of independent nodes rather than on a single centralized server. This approach leverages the collective processing power of numerous participants to perform complex calculations, process data, or run applications. It is fundamental to many blockchain systems, enabling secure and verifiable operations without reliance on a central authority.
Context
The advancement of Decentralized Computation is a central theme in the expansion of blockchain utility beyond simple ledger functions. Current discussions often center on the development of decentralized compute networks that can rival traditional cloud computing services in terms of cost and performance, while offering enhanced censorship resistance and data sovereignty. Emerging trends include the use of zero-knowledge proofs to enable private computation and the creation of marketplaces for computational resources.
Boundless’s mainnet activation introduces Proof of Verifiable Work, establishing a direct market for useful computation crucial for internet-scale blockchain applications.
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