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docs_depin/docs/depin_specs/miscellaneous_depin_projects/morpheus.md
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Morpheus Detailed information about Morpheus 6

Morpheus

Overview

Morpheus is a decentralized cloud computing platform that enables users to share their computing resources, such as CPU, GPU, and storage, in a peer-to-peer network. It aims to provide a more efficient and cost-effective alternative to traditional cloud computing services by leveraging blockchain technology.

Key Features

  • Currency: MPT (Morpheus Token)
  • Buying Currency: Available on exchanges like KuCoin and Gate.io.
  • Utility:
    • Used for network transactions and incentivizing resource sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate resource allocation and reward distribution.
  • Utility in the Project:
    • Users can earn MPT by sharing their computing resources.
    • Validators can stake MPT to secure the network and earn rewards.
  • API: Yes, Morpheus provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily share their computing resources and earn MPT tokens.

How It Works

  1. Step 1: Users connect their devices to the Morpheus Network.
  2. Step 2: The network uses the shared computing resources for various tasks such as data processing, machine learning, and storage.
  3. Step 3: Users earn MPT tokens based on the amount of resources shared.

Staking

  • Staking Requirements: Minimum of 5,000 MPT tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Morpheus API Docs.

Additional Resources