PR

tomi Sets Out to Build a Decentralized Cloud Computing & Mining Network

New York, United States, 6th September, 2022, Chainwire

tomi is a decentralized network and DAO aiming to build a peer-to-peer cloud computing network, a vision that after 13 years of Bitcoin’s existence is still hard to find.

Free Economy and Free Speech now require a completely Free Web. While that is the promise behind many existing blockchain projects, the practical realization often strays far from the ideals of decentralization.

The recent sanctioning of Tornado Cash by the US, and the response from many crypto projects, highlighted how crypto is still extremely vulnerable to centralized actors. The Tornado Cash smart contracts may be free and impossible to censor. But the DeFi websites, the Infura endpoints (used in Metamask), and the centralized exchanges all banned anyone who touched Tornado Cash.

The centralized node providers like Infura were particularly effective in blocking access, since no good decentralized alternatives exist. They showcase how it would take very little for governments or corporations to cut off access to node infrastructure, which is what defines blockchain networks. Over the past few years, mining and staking have become extremely centralized in a few large server clusters in just 4-5 countries.

tomi aims to fix the blockchain world’s dependence on large server farms. Its flagship product is the MP1 Supercomputer, the first in a series of household computing devices capable of completing tasks like Photorendering, Real Time Ray Tracing, Accelerated AI computation, VR applications and GPU mining.

The goal for the tomi project is to onboard as many people as possible into the decentralized cloud computing network. In addition to the benefits in data privacy, control and decentralization, tomi can create the first hyper-local Edge Computing network, which offers unparalleled performance thanks to low data latency.

tomi will be structured as a DAO governed by TOMI token holders. The DAO members will be able to submit proposals to advance the network and distribute proceeds from a portion of network revenue. As part of an initial community bootstrapping initiative, tomi is launching the Pioneers Program, which allows anyone to mint an NFT that makes them a Pioneer member and grants special early access to the DAO.

The tomi project is entirely self-funded by its founders, who have decided to go against the progressive re-centralization of mining in blockchain and the “rise” of not-really-decentralized computing platforms.

“tomi is a unique network, designed to stand alone against any attack from centralized entities. People in crypto today may have forgotten why we’re doing this, though they’re definitely getting a few ringbells,” said Abraham Piha, Co founder and CEO at tomi. “We’re here to empower everyone to join a decentralized cloud computing network, earn from mining, and help make blockchain more resilient.”


About tomi

tomi is a decentralized cloud computing network aiming to create a truly decentralized mesh of micro server farms spread over all countries in the world. With its MP1 supercomputer, regular people can join a decentralized mining and computation network. tomi is structured as a DAO allowing token holders to pass decisions using a portion of the protocol’s revenue.

Contacts

CEO

  • Abraham Piha
  • Abraham@tomi.com

Disclaimer

For paid/sponsored articles, FintechMode neither endorses nor takes responsibility for the accuracy, timeliness, quality, and content of said articles. The statements, views and opinions expressed in paid/sponsored articles are solely those of the content provider and readers are reminded that Cryptocurrency products are unregulated in most locations and can be highly risky. Do your own research and consult relevant financial experts before making any investment decisions. FintechMode will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on this page. If you have any concerns, please email support@fintechmode.com or refer to our Terms & Conditions

Chainwire

Chainwire is a specialized newswire service providing high-impact distribution for the blockchain and crypto industry.

Published by
Chainwire

Recent Posts

Alfa-Bank Takes Centre Stage at FINNOVEX Middle East Chapter 39, Delivering an AI Leadership Keynote and Receiving the AI Leadership Award

FINNOVEX Middle East Chapter 39 concluded in Dubai, bringing together banking and financial services leaders…

3 days ago

Exito Media Concepts Announces the 7th Edition of the HR World Summit UAE

Exito Media Concepts, a globally acclaimed powerhouse in B2B technology events, proudly announces the 7th…

3 days ago

Exito Media Concepts Announces the 42nd Edition of the BFSI Innovation & Technology Summit Kenya

Nairobi, Nov 2026: Exito Media Concepts, a globally acclaimed powerhouse in B2B technology events, proudly…

3 days ago

Maharashtra Minister Ashish Shelar Addresses Unchained Summit India on Digital Innovation and Asset Tokenisation

Maharashtra’s Minister of Electronics, IT, AI & Cultural Affairs, Ashish Shelar addressed industry leaders at…

4 days ago

3rd Global Islamic FinTech Forum 2026 Concluded in Dubai

AlHuda Centre of Islamic Banking and Economics hosted the 3rd Global Islamic FinTech Forum 2026…

6 days ago

Exito Media Concepts Announces the 51st Edition of the Digital Transformation Summit UAE

Exito Media Concepts, a global leader in B2B technology events and innovation-driven business platforms, proudly…

1 week ago