What is Substratum (SUB)?
Future of SUB Cryptocurrency and know how to buy SUB

#1: Substratum: The Basics

What is Substratum(SUB)?

  1. Substratum wants a decentralized internet that aims to eliminate all the problems that a centralized internet faces. The team is building an open-source foundation for a decentralized web, on which the users will have unrestricted access to content and information across the whole world.

  2. Substratum charges the user on a per-request basis, thereby reducing the cost of hosting content online considerably. It is an ERC20 token based on the Ethereum blockchain.

Substratum Development

  1. The Substratum decentralized web will be run and controlled by independent and privately owned computers, without any middle interference of government or ISPs.

  2. The Substratum system uses nodes i.e. a network of computer connected peer-to-peer. Everyone who runs a Substratum node on their computer earns SUB coins.

  3. Justin Tabb, Abram Cookson & B.J. Allmon co-founded Substratum in 2017. Justin Tabb is the current CEO of Substratum.

 

#2: What are the benefits of Substratum?

Substratum Technology

The Substratum network is essentially a collection of nodes distributed worldwide, delivering content anywhere in the world without the need of VPN or Tor. Substratum, simply put, is letting anyone host their website on the Substratum blockchain. Here’s how it’ll work for a host:

  1. A host will need to set up his Substratum software, which will then function as a mini server of sorts, syncing data with other nodes on the Substratum network.
  2. Hosts will be compensated using Substrate - Substratum token. This compensation will be determined using the network bandwidth provided, the CPU power deployed, and the data the host node will process.
  3. There is no binding schedule on hosts - they can choose to host whenver they like. Using the Substratum app’s dashboard, hots can even customize how much power they’d like to deploy on the network.

Whereas, if you’re a user, things will of course, work a little differently:

  1. All a user needs to do is connect to the Substratum network. Its protocol then runs behind the scenes, takes in DNS requests, and connects them to the nearest node for faster speeds and low latency.
  2. Substratum uses the currently existing DNS framework, so popuilar browsers such as Firefox, Safari and Chrome will work just fine.

Substratum Features

  1. 1-Click Software - The Substratum Network software is fairly simple, which allows for anyone to become a host in a single click. The interface is designed in a way such that there isn’t much of a learning curve for new users.
  2. SubstratumHost - Anyone who wants to host their website on the Substratum blockchain can use SubstratumHost pay network members of the blockchain in the form of SUB coins.
  3. SUB Rewards - A user on the network serving as a SubstratumNode on the blockchain will earn Substratum coins as a reward for being a network member.
  4. CryptoPay - CryptoPay is a feature that allows any website running on the Substratum network to process any publicly traded cryptocurrency on their site for payments.
  5. Compression Algorithm - An often discussed problem about creating a decentralized internet is the issues with serving large files to users. Substratum claims to use best-in class compression algorithms to solve this problem.
  6. Using Artificial Intelligence - The Substratum network also uses Artificial Intelligence to optimise usage of the fastest nodes for users surfing on its network.
  7. API and SDK Tools - Substratum provides developers API and SDK tool for easy development of applications on the network.

 

#3: How to buy and store Substratum?

Buying Substratum

  1. Substratum is available on 10+ international trading websites, with trading pairs mostly dominated by BTC and ETH. Binance dominates the coin with 88% of the daily volume being traded on their exchange.
  2. The coin is also available on exchanges like IDEX and EtherDelta, though you would only be trade with ETH on those exchanges.

Storing Substratum

  1. Substratum can be stored like other ERC-20 compliant Ethereum blockchain tokens. You can use wallets like MyEtherWallet or MetaMask for storing any kind of ERC20 token, so Substratum will fit here just fine.
  2. If you don’t want to use software wallets and want to keep your token more secure, you can use hardware Ledger Nano-S or Trezor.

 

#4: What is the future of Substratum?

  1. As of August 2018, the coin is ranked 113 in the global cryptocurrency market by market capitalisation, which stands at $40 million.

  2. The daily volume of the coin is at around $428k which is equivalent to 69.96 BTC and 1,607 ETH at the price on 14th August, 2018.

Price History

Also Read: Complete Analysis of Substratum | Live Substratum (SUB) Price Charts And Predictions

Date

Open*

High

Low

Close**

Volume

Market Cap

13-Aug-18

0.125

0.13

0.1

0.109

269,647

47,861,764

01-Aug-18

0.176

0.18

0.2

0.1729

424,825

67,325,895

31-Jul-18

0.193

0.19

0.2

0.1757

373,128

73,988,119

01-Jul-18

0.199

0.23

0.2

0.2299

1,441,170

76,180,968

30-Jun-18

0.187

0.2

0.2

0.199

1,272,110

71,760,896

01-Jun-18

0.419

0.44

0.4

0.4232

5,167,340

160,632,624

31-May-18

0.395

0.43

0.4

0.4187

4,945,470

151,132,448

01-May-18

0.856

0.87

0.8

0.8434

12,772,400

327,687,072


The coin has seen a constant drop, totalling to more than 70% from its May high and seems to be following the same trajectory. The ICO price of Substratum was $0.0817 and the coin still trades above the ICO price as of August 2018.

 

#5: How is Substratum different from others?

  1. The current, traditional architecture internet does not offer any kind of solution to problems like censorship and centralization. The idea of Substratum is grand to say the least, as it wants to replace the internet as we know it, with its own decentralised structure.
  2. There are other solutions available in the market as well, which are working towards a decentralized web - like MaidSafe, Blockstack and NKN. But Substratum has been the most successful coin in garnering the communities’ attention.
  3. Substratum has a robust team, with members who are experts in their fields and who bring experience from successful corporations like Apple, Microsoft, HP and OpenStack.
  4. Substratum is the most user friendly decentralized web network out there currently. It offer features like serving or consuming the network using one-click softwares.

 

#6: Should you invest in Substratum?

  1. Substratum has followed the market trends of 2018 like other cryptocurrencies. We would advise you to hold down a little for the market to settle and keep watching the market carefully.
  2. Substram has some big releases & development lined up in 2018 - like CryptoPay, a whitepaper update and Node Production V1, with which the users will finally be able to earn SUB coins for being the network members.
  3. The coin also has a pretty robust roadmap leading towards making the project Open Source and a global expansion plan.
  4. If the Substratum network succeeds in its goal, countries like China who have heavily censored internet might soon have their citizens be able to access the internet censor free, without any government authority shutting them down.
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