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TEA Project Nov 2020 Demo (our milestone 1 demo) is online. By watching this youtube video you will get the basic concept of one typical use case of the Tea project — A TensorFlow AI inferring computation between non-trusted 4 parties.
Let’s demonstrate how Tea’s decentralized trusted computing works with the help of Alice, Bob, Charlie, and Dave.
In epoch 2.1, only those who registered before the epoch started could join the contest. Now in epoch 3.0, anyone can join the contest at any time.
The only advantage of registering upfront is that the registered users will be offered CML coupons at a fixed price (but not free as in epoch 2.1.)
Those registering before the start of the contest can still apply for CML coupons. But the user needs to pay COFFEE when redeeming their coupons. The price will be as follows:
Users can only…
This is the landing page: https://teaproject.org/landingpage/preview_1/
If you are interested in previewing how TEA mining looks like or would like to win the $1500 USDT award. Click the link above to register and join the TEA mining competition.
Once you click the link and get to the landing page, you can get the basic information. The register form shows when you click “Join Now” or “Get Started”.
This week, we welcome our latest full-time team member, George Pornaras.
He is a professional tech writer who was major in English and familiar with blockchain technologies. We spend a full day together in my office discussing my dream of the Trusted Web 3.0. Right after the discussion, he wrote his first impression on TEA Project.
I have to say although he just spends a few days with me, he can write a much better introduction article than I can do for the last few years. We can see more awesome tech introductions from him very soon.
If the TEA project were Uber for cloud computing, miners are drivers. The incentive to the drivers is the fuel to drive the TEA token economy. Unlike centralized company can pay salaries or own those nodes, in the blockchain world, a carefully designed token economy can keep the system running and create speculation to boost growth.
Rather than the big dream of the TEA project, what miners care about is just ROI. Just two questions from miners:
I won’t be surprised that you would ask if you read my previous blog: Camellia, an NFA that dies.
Let’s see what our real-life economy runs.
The USD is a worldwide currency. Assume USD is a stable coin although it inflated faster and faster. You are not supposed to keep the USD bill in your vault and expect it to grow, right? What you are gonna do? Of course, to invest. Let’s see you invest your USD capital in businesses. Every business in the market is an NFT. The business born, grows, and eventually dies. Every business is unique. It…
More or less you have probably known that TEA is a DAO of cloud computing miners(we sometimes call them farmers, TEA farmers). They run TEA nodes. TEA nodes work together to provide decentralized trusted computing services to traditional clients or modern blockchains. I explained $T token, the fuel (gas) of the TEA token economy in my last blog. Today I will explain Camellia, the soul of TEA nodes.
Why do I say Camellia is the soul?
Without a soul, the human body is just a dead body, so is the TEA node. Anyone can download the source code and run…
Miners need incentives to run nodes. $T is their reward.
When designing the $T, there are many options. Should it have a cap on total supply? Should it be a stable coin? If yes, what should it peg to? How to calculate the value? Should it be an asset or a currency? This is the most important decision I have to make first in the TEA Project token economy.
I did run through many versions. All of the previous versions have one or more problems. I finally balance the pros and cons, select the current version. …
Token economy design is neither easier nor less important than technical design in terms of a blockchain project. As a code monkey, I learned a lot about economics in recent years, but I still feel shaky when designing the TEA token economy. Thankful I got a lot of help from our community members, such as “Blue Fox”.
Today, I will talk about the challenges I was facing and how we plan to overcome them in my future blogs.
If you have not and do not want to read the technical white paper, here is the best you can get. A…
In TEA’s original design, we did not put Amazon Nitro on our radar. We were thinking of building our own TEA Box to get fully decentralized without centralized control by anyone — including Amazon or Intel.
When we design the hardware spec, I found that is hard, and it may take longer than expected. At the early stage, no one would like to pay even $100 to buy some hardware to mine something who knows will worth a penny or not. So renting trusted hardware probably is the reality we are facing.
We cannot find any official document explain how…