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Month: June 2021

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Introduction

NetFlowCoin Enables Lenovo’s Own Decentralized Resource Network with Platform-Integrated NAS Drives

Lenovo and NetFlowCoin join forces to build a new web 3.0 mining device

NetFlowCoin Enables Lenovo’s Own Decentralized Resource Network with Platform-Integrated NAS Drives

The decentralized Internet application platform, NetFlowCoin, has successfully integrated SDN capabilities into the Lenovo X1 and T2 Pro NAS models. Globally renowned as a leading manufacturer of smart devices, Lenovo provides consumers with hundreds of millions of PCs, tablets, laptops, and smartphones per year.

The two Lenovo NAS units are NetFlowCoin platform-integrated, giving owners of the drive access to expanded mining capabilities on the decentralized NetFlowCoin ecosystem.

Lenovo’s NFC-Powered NAS Drives

Enabling the Lenovo X1 and T2 Pro NAS drives with SDN-powered software gives consumers easy access to NFC. With the software pre-installed, users can register and connect to NetFlowCoin’s network.

With SDN-enabled NAS drives, users can safely and quickly access the data stored in their X1/T2 Pro anytime, anywhere to ensure data privacy and transmission security. This comes in addition to:

  • Mass storage
  • Remote access
  • Simple and easy to use
  • Privacy and security
  • Multi-person sharing
  • Intelligent management

For more information on Lenovo’s NFC-compatible NAS drives, visit NetFlowCoin.io.

Conquer the New Network, Enabled by NetFlowCoin

The relationship between Lenovo and NetFlowCoin is just one example of how established firms can take advantage of NFC technology. SDN capabilities provide users with access to a global network of edge servers located around the world.

SDN technology allows partner brands to build their own unique and decentralized resource network housed within the NFC ecosystem.

Whether it is a NAS storage network for Smart Home Security Camera streams or a CDN, NetFlowCoin’s network is secure, inexpensive, and highly efficient compared to the centralized mainstream alternatives.

As more users join the NFC x Partner NAS network and enroll in the mining program, the NAS network grows with it. No matter the application, a larger NAS network bolsters its reach and potential (at a much lower cost than Cloudflare).

Consider: Building and accessing the power of 1 million NFC nodes connected across the world, over limited and expensive alternatives from centralized CDN service providers.

The Perks of NFC Mining

Unlike most blockchains, the NFC dual consensus mechanism provides users with multiple methods to mine NFC tokens. Now, Lenovo NAS users can link to the NFC and rent, sell, or contribute their idle storage space and bandwidth in exchange for NFC.

In NetFlowCoin, using the network is mining. Whether it’s a normal user, node owner, or service provider, there is value to be had. Some of NFC’s mining advantages include:

  • Everyone can participate: Unlike the intensive mining of BTC, ETH, FIL, where ordinary users can hardly mine any rewards without joining the mining pool. NFC adopts the PoVF mechanism, where anyone can participate and earn. With a personal server, any user can mine NFC by providing network services such as bandwidth or storage.
  • Use-and-use mining: While users enjoy various data privacy storage, sharing, and global access to local resources provided by personal servers, they only need the server to have upstream traffic to obtain NFC traffic mining rewards, allowing mining to truly integrate as a part of our daily digital life
  • Landable application mining that solves real needs: It is not mining for mining (such as BTC, ETH, or even CHIA), or mining without real business (such as BTC or Dogecoin). NFC mining is related to real applications The combination of scenarios has stronger applicability and versatility, and truly solves user pain points

For more information on NFC’s dual consensus mechanism, visit the NFC overview, or White Paper.

Lenovo’s SDN-powered NAS Drives

Series: X1 series
Processor: Intel Celeron N4120
RAM: 4GB DDR4+ extended 4GB memory module
Flash Memory: 16GB eMMC
Hard Disk Bit: Five drive bays
Hard disk type: SATA 3.0 interface, 3.5-inch hard disk/2.5-inch hard disk

Series: T1 Series
Processor: Intel Gemini Lake N4020
RAM: 2GB DDR4
Flash Memory: 8GB eMMC
Hard Disk Bit: Dual hard drive
Hard disk type: SATA 3.0 interface, 3.5-inch hard disk/2.5-inch hard disk

Categories
Introduction

NetFlowCoin Vs. Filecoin: The Way Towards Web 3.0

NetFlowCoin Vs. Filecoin: The Way Towards Web 3.0

On the Internet, everything is permanent. In the current Web 2.0 era of interconnectivity, there has been an explosion of data and data storage. The centralized way that the Internet tech giants capture, store, and control data poses a massive challenge to the existing Internet’s architecture.

 

IPFS was made to solve the centralization issue inherent in today’s Internet. Essentially, it made distributed storage a reality.

 

InterPlanetary File Service or “IPFS” promotes the shift from the Web 2.0 centralized data storage to Web 3.0’s decentralized storage paradigm. The goal of IPFS is to solve the inherent threats to user privacy, data/identity theft, and security present in today’s Internet.

 

IPFS is a protocol and peer-to-peer network for storing and sharing content in a distributed file system. A boon of IPFS is that it is decentralized among peers, and no single entity can simply “take it down.” By relying on a pool of shared resources across a network of users, IPFS can persist when a single node crashes. The peer-to-peer factor IPFS saves bandwidth on media transfers by distributing downloads across multiple computers.

Filecoin Token Creates New Possibilities in IPFS

IPFS does not include any incentive mechanisms to encourage the storage of data for others. Filecoin combined IPFS with blockchain technology, forming a marketplace for distributed storage. Nodes with extra storage capacity can profit by renting their surplus storage to other users.

 

A popular analogy to help understand Filecoin is “the Airbnb of decentralized cloud storage.”

 

Filecoin mining means offering up excess storage on one’s computer to store encrypted data. This solved the issue of losing files, as miners can receive FIL tokens (also “Filecoin”) for keeping files online and retrievable. The system also replicates files across more nodes to prevent them from disappearing.

 

For the new potential opened by the Filecoin blockchain, IPFS and its many limitations are not so easily solved. IPFS is limited by national policies, complex network structures, and the performance upper limit of centralized networks in the real environment. Although data is stored in a distributed manner, IPFS cannot guarantee that data can be transmitted efficiently and smoothly between the supply and demand sides, and it loses liquidity.

Why is IPFS just the start, NetFlowCoin is the destination?

Filecoin succeeds in attempting to incentivize the sharing of storage where IPFS alone could not. With its FIL token, the decentralized storage provider advanced the concept of what a token can do.

 

Bitcoin and Ethereum are one-dimensional digital assets mined for the sake of mining. The BTC and ETH have no utility outside of their value within the marketplace. A FIL token is versatile. In addition to its market value on the exchange, FIL can be used to rent available hard drive space within the Filecoin network.

 

Successfully mining BTC, ETH, or FIL is virtually impossible for new miners. These blockchains are oversaturated and monopolized by a well-established class of miners who pool together resources. A deeper look into IPFS reveals the following issues for new users, miners, and investors:

 

  • Insufficient Decentralization: The computing power of filecoin miners is extremely dependent on the storage scale, and the expansion of the storage scale has led to the intensive production of the miners. Just like the current BTC and ETH, the miners are concentrated in the IDC

 

  • Low Miner Friendliness: For miners, mechanisms such as time-space proofs require high technical and operation and maintenance capabilities, and slight instability will result in high penalties;

 

  • High-Entry Threshold: For ordinary users, it is impossible to become a profitable Filecoin miner, because they cannot provide enough storage and cannot have enough technical foundation to make it possible to generate blocks.

 

  • High-Resource Consumption: Miners are concentrated in IDC, not only relying on storage, but also on the joint operation of CPU and GPU, which consumes a lot of energy and occupies a large area.

 

  • Niche Application: lack of actual supply and demand markets, currently stored garbage data, not yet integrated with actual user needs

 

  • Economic Risks: pre-staking, post-staking, market staking, etc., resulting in large initial investment and long return period. Once the mining machine has a problem, it will not only lose the opportunity to produce blocks but also cause the pledge to return to zero.

NetFlowCoin’s SDN Offers a Fully Decentralized Ecosystem

Comparing NetFlowCoin to Filecoin is not an apples-to-apples comparison. NetFlowCoin and Filecoin both handle the distributed storage of data very well.

 

NetFlowCoin is a software defined network (“SDN”) combined with blockchain technology. In addition to the distributed storage of data, NetFlowCoin has tokenized decentralized network resources (storage, bandwidth, and edge computing node) that turn the key internet infrastructure elements into an algorithmic market.

 

The market runs on a blockchain with a native protocol token (also called “NFC”), which miners earn by providing network resources (storage/bandwidth/edge computing) to the network users.

 

Unlike BTC, ETH, or even FIL (Filecoin’s native token), The NFC token can be used for business transactions, currency within dApps, and other uses defined within the NFC decentralized internet application platform.

 

NetFlowCoin is not better than Filecoin. It can just do more. Filecoin is a decentralized storage provider, and NetFlowCoin is a decentralized network resource provider. Unlike Filecoin, where the distributed storage of data is its sole purpose; decentralized storage is just one pillar built into NetFlowCoin’s architecture.

 

The other NetFlowCoin pillars include a global network of edge nodes that pool and support other key infrastructure elements, military-grade encryption protecting the network from harm and data leaks.

 

A decentralized storage solution (aka IPFS; aka Filecoin) is not too useful when your data is stuck in one place. NFC protocol takes this concept to the next level by including the capacity to distribute massive amounts of data to its users through high-speed, flexible, and unimpeded network channels.

The Future is NetFlowCoin

IPFS promotes the paradigm shift from Web 2.0 centralized data storage to Web 3.0 decentralized storage and solves the problems of privacy, data value theft, and data security caused by the possession of data by the big tech giants.

 

Today, it is not enough to create new virtual networks that can span the world. Viable networks must also penetrate institutional or state restrictions to support the high-speed flow of data and meet the demands of the consumer. The speed of data flow and its accessibility to users is just as important as the actual value it provides.

 

The purpose of any data producer is to obtain the value of the production content, and the manifestation of value is extremely dependent on liquidity.

 

IPFS and Filecoin are pioneers responsible for making the distributed storage of data a reality. NetFlowCoin’s combination of SDN and blockchain technologies, however, refines the efficiency and functionality of the concept. The improved flow of data, diversity of tokenized network resources, and assurance that the value generated by data flow is wholly owned and earned by the provider is precisely why NetFlowCoin carries the torch towards Web 3.0.

Categories
Introduction

NetFlowCoin: The World’s First Decentralized Internet Application Platform Based on SDN and Blockchain

NetFlowCoin: The World’s First Decentralized Internet Application Platform Based on SDN and Blockchain

NetFlowCoin is a fully functioning, secure, and decentralized network that acts as a buffer between its users and the centralized Internet. Made possible by combining Blockchain technology with a Software Defined Network.

NFC’s underlying architecture operates by intelligently optimizing the bandwidth, storage, edge computing, and data resources of its global network. The NFC network functions as an agile, reliable, and decentralized Internet application platform.

With its native protocol NFC (also “NetFlowCoin”) token, the NetFlowCoin Project provides users with a dApp marketplace and a circulating digital asset ecosystem. Because it is powered by a unique incentive mechanism, it is distributed, encrypted, and can survive independently from the tech monopolies.

Using NetFlowCoin’s system means not having to worry about data being captured, stolen, or sold without your consent. Ensuring that the value generated by data flow is wholly owned and earned by the provider, producer, or creator is a privilege not presently available to users of other platforms.

The Makings of the NetFlowCoin Network: Infrastructure

Simply put, the NetFlowCoin Project is a combination of Software Defined Network (“SDN”) technology and blockchain technology.

SDN technology has been used by millions of users worldwide and is a staple of enterprise-level applications. It is known for being a super gateway capable of large-scale data compression, encryption, high bandwidth, and low latency processing performance.

Layered on top of the Internet, NFC builds a global intelligent edge network using chain-network integration to expand its computing power via “cloud-edge-end” synergy. By harnessing the bandwidth, storage, edge computing, and data resources of the “SDN”, NetFlowCoin forms an intelligent, secure, and reliable network.

The NetFlowCoin Advantage

NetFlowCoin is a solution for users looking to liberate their data and footprint from the intrusive, centralized Internet. The NetFlowCoin Project offers the following perks to all users, miners, developers, and partners:

  • Access to Network Layer Capabilities: Provides open-source interfaces for developers to build dApps (blockchain browser, wallet, DEX, decentralized IM, NRC20 token, NFT, etc.)
  • Innovative DataFlow Mining: Everyone can participate in NFC mining thanks to NFC’s novel dual consensus mechanism. Block Mining and DataFlow Mining allow for a custom approach to creating value. The NFC token has multi-dimensional applications within the marketplace.
  • Green Energy: the personal server consumes extremely low amounts of energy.
  • Ultra Secure & Super Fast Performance: NFC’s combined Blockchain technology and SDN layer makes for an efficient and secure data communication value network.
  • Innovation Consensus: ultra-high processing capacity designed for enterprise use. Made to adapt to various scenarios, rapid growth, and hyper scalability.
  • Seamless access: to the NFC network-enabled dApp marketplace.

SDN key technologies:

  • Network Isolation: network isolation technology means each user can form their own unique virtual network. Each unique network runs in the SDN global edge network and is independent from other virtual networks.
  • Multicode Packet Encryption: multicode packet encryption technology adopts a high-level encryption algorithm to realize the security and reliability of data packets sent from the virtual network through the Internet/intranet. Multicode packet encryption protects user privacy and eliminates the risk of a leak throughout the communications process.
  • Direct Link Communication Technology (DLT): enables the transmission of virtual network packets regardless of network architecture penetration. It enables users to access and communicate with their virtual network with any device, anytime, anywhere.
  • Multilayered and Network Slicing: Based on network multilayer and slicing technology, different user-owned virtual networks can be freely divided on the SDN edge network. It can also be sliced according to the attributes of virtual networks (such as applications loaded) to ensure that different virtual networks and network slices can be segregated and provide quality assurance services based on attributes such as applications, users, QoS, SLA, etc., accordingly.
  • Agile Networking: aka “network as a service.” Users can switch networks at any time to access different virtual network resources.
  • Intelligent Next Hops: Intelligent “next-hops” path selection, according to the user’s target access address, can smartly schedule the optimal communication path. Therefore, users can get the best virtual network communication performance, and say goodbye to the traditional routing algorithm brought about by excessive delay and unresponsive problems.
  • Edge Forwarding: With the assistance of a massive number of nodes in the SDN (RN, CN, and EN nodes), the edge node forwarding capability can assign other SDN nodes to provide forwarding services (via intelligent path judgment) when the DLT connection cannot be established. Due to the encrypted nature of the communication data, the nodes involved in the relay only exist as data packet carriers, and the specific content of the communication will remain unknown.
  • Rapid Deployment: The entire virtual network can be built without any complex network commands or prior foundation. Users only need to click the “Create Network” button in the Weline app to deploy their own unique private virtual network. After that, adding extra devices, or those of friends and family to the network is simple.

NetFlowCoin’s Public Blockchain Architecture:

Together with blockchain technology, the NFC Project provides users with a decentralized network resource that turns key Internet infrastructure elements into an algorithmic market.

The NetFlowCoin blockchain runs on NFC tokens, which miners earn by providing network resources (storage/bandwidth/edge computing) to the network’s users. The NFC token can be used for business transactions, currency within dApps, and other uses defined within the NFC ecosystem.

While NetFlowCoin’s SDN technology ensures the rapid flow of data from user to designated user in a precise and secure manner, the blockchain layer promotes the healthy development of the network and fortifies security during expansion.

By adopting a ledger to record the traffic, storage, and other resource data on the SDN network, the NFC Project can remain decentralized while being open to all users. Furthermore, NFC can reward users for contributing their idle resources with no risk of political or business influence.

The NFC token incentivizes users to contribute to the stable operation and business expansion of the overall NFC Project. Implement smart contract technology to lay the foundation for complex, automated, and lucrative business processing mechanisms.

NetFlowCoin’s blockchain architecture solves many of the issues plaguing the crypto mining industry. This is enabled by NFC’s hybridized consensus mechanism, which consists of Delegated Proof of Stake (DPoS) and Proof of Valuable Flow (or PoVF). The purpose of these mechanisms is to welcome both established and new miners to the blockchain.

Note: For more details on the NetFlowCoin public chain architecture or NetFlowCoin Nodes, visit the NetFlowCoin White Paper.

What Can I Do With NFC?
 The NetFlowCoin Project’s vision is one where every user participates and every user profits while engaging in the ecosystem. The platform is decentralized and made for the benefit of all users, producers, and consumers.


Develop New Applications Like Never Before
Today, distributed applications, or “dApps,” are still in a nascent phase, with a handful starting to become household names. The capacity of dApps to interact with smart contracts on the blockchain brings an infinite amount of possibilities when it comes to creating value for NetFlowCoin users.

The possibilities of a decentralized distributed application marketplace are limited only by the creativity of the developer.


What are dApps?
Whether it’s a browser or an email app, ordinary applications are running on a single server. A distributed application, however, draws on the power of tens of thousands of computers around the world. If a computer or node propping up the dApp crashes, another node comes in to support the task.

DApps run on top of a specific blockchain, peer-to-peer network. Due to the nature of its shared operating system, dApps are not bound to the whims of an operator or an organization, but a community.

DApps are created to interface with smart contracts on the blockchain. Smart contracts, or self-executing business automation software, execute predefined conditions on the blockchain.

Note: If Bitcoin is a dApp, “mining,” or validating transactions on the blockchain with the prescribed algorithm, can earn users BTC.


The Unrealized Potential of dApps on NetFlowCoin’s Network – Developers:
The NetFlowCoin network enables users to create dApps that validate transactions in storage, bandwidth, and other computing resources into NFC tokens. This can translate into a countless number of dApps within the NFC platform.

NFC provides diversified open source interfaces, and developers can build various application scenarios for users as needed on the application layer, such as:
Distributed lottery/sports betting

  • Wallet dApp
  • DEX
  • Decentralized IM/video/media platform
  • Decentralized data trading platform
  • NRC20 token
  • NFT
  • IoT platform
  • KYC/Identity Verification
  • Distributed charity platforms

Imagine a decentralized security camera streaming network or a distributed storage application that allows users to access and transmit confidential workspace data from anywhere. Create tools without the burden of having data stolen, individuals censored, or precious information exposed.

NetFlowCoin Tokenomics
 NetFlowCoin adopts a dual token model, where NFC (“NetFlowCoin”) tokens are issued based on the local blockchain, and NFCS (“NetFlowCoin Stable”, anchored to the USD) stable coins are issued under the ERC20 standard and serve as a bridge between the digital and “real” economies. NFCS tokens will serve as the basic communication service fee for traffic mining and payment credentials.

The NetFlowCoin blockchain consists of a hybridized consensus model. The two consensus mechanisms are Delegated Proof of Stake (or DPos) and Proof of Verified Flow (or PoVF).

Block Mining
The Delegated Proof of Stake or DPoS consensus mechanism rewards NFC tokens by staking tokens to hold a vote.

Block mining through the DPoS consensus, where miners pledge NFC and vote for specific “candidate nodes” (21 delegates per counting cycle) to obtain the right to produce blocks for 7 days. The NFC token is awarded to the delegate every time a block is produced.

Each round of block packing has a maximum of 21 witness nodes on the NetFlowCoin blockchain. NFC’s system requires all witness nodes to use the Fisher-Yates shuffle algorithm to generate a random order, and proceed to take turns to obtain block packing accordingly.

DataFlow Mining
The Proof of Verified Flow or PoVF mechanism is a mining reward mechanism based
on the actual valuable uplink traffic generated by each node in the system.

DataFlow Mining via PoVF consensus, where the server consumes the miner’s NFCS (NetFlowCoin Stable, an ERC20 stable coin that can be purchased through the NFC platform) in the user account to generate uplink traffic(DataFlow). The PoVF mechanism converts the traffic (DataFlow) into NFC tokens and awards them to the user.

NFCS (stable coin anchored to the USD) tokens are issued under the ERC20 standard and serve as a bridge between the digital and “real” economies. NFCS tokens will serve as the basic communication service fee for traffic mining and payment credentials.

Note: For more details on mining, visit the Mining section of the NFC White Paper.


 How to Mine on NetFlowCoin
 Download the WeLine application and register your account (available on both Google Play and iOS App Store).
Purchase 1x personal server.
Download and install the Blube Wallet, and register the wallet address
Complete the binding of the wallet NFC address with the WeLine account and the personal server SN.
Top up NFCS, or buy NFC tokens to convert into NFCS.

Note: For detailed operation, please refer to the mining guide.

Join NetFlowCoin Today!
 Getting connected to NetFlowCoin is easy! Download the WeLine application and register your account (available on both Google Play and iOS App Store) to join the NFC community today.

For further information on NFC, visit NetFlowCoin.io and check out our latest White Paper.

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