DADI gains Edge in network computing

Cloud computing alternative DADI has rebranded as Edge.

As part of the switch, the London-based tech firm has confirmed to users that there will be no token swap or impact on holders of the ERC-20 DADI tokens while the business focuses on building its computing network.

The token will, however, change its ticker name across exchanges over the next few weeks to EDGE.

The new website – http://edge.network – went live at the weekend.

According to Edge’s CEO and co-founder – Joseph Denne – the move will help concentrate Edge’s focus upon remunerating people for hosting nodes by committing their spare computing capacity to the network.

“The edge computing market is expected to be worth more than $6 billion by 2022, driven by the expected explosion of connected devices,” he said.

“It will be the answer to the challenges faced by cloud computing as the amount of data and web traffic is set to increase exponentially in the coming years.

“Rebranding to Edge is a natural course for us to take as we continue to roll out our network.

“In the coming months, we plan to migrate existing clients to the network, as well as convert an already expansive pipeline of business.”

The network already boasts some 155 ‘founding nodes’ across 56 countries – each earning tokens on a monthly basis for pledging spare capacity from their connected devices.