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NetFlowCoin is the future of the metaverse

NetFlowCoin is the Future of the Metaverse

The Metaverse has gained massive momentum over the last couple of years, showing virtually no signs of slowing down. It’s everywhere, from Twitter to Time Magazine, there’s no doubt that the Metaverse is the talk of the town (or the blockchain). But, just what on Earth is it? 

Today we will go on an adventure deep down the rabbit hole to establish a proper definition of the Metaverse, understand the infrastructure required to support it, and discuss the best tech in Web 3 to build it (hint: there’s a certain L1 that fits the ticket…can you guess which one?). So please sit back, grab a coffee (or two) and let’s hop right in. 

Understanding the Metaverse

The term “Metaverse” has quickly found its way from the smallest corners of Web 3 to the mainstream. Literally speaking, “Meta” as a prefix can be understood as “transcending” or “beyond”, while “verse” functions as a suffix of “universe” — the all-encompassing ether. Smash these bad boys together and you get Metaverse: a universe transcending our own…? Well not quite, but we’re getting there. 

In the realm of Web 3.0, the Metaverse is literally a collective of numerous virtual blockchain-based “worlds” all offering a specific experience. From play-to-earn games to virtual real estate, the Metaverse makes possible a variety of immersive experiences on which thriving communities, sustainable token economies, and nearly infinite layers of blockchain development can blossom.

Building the Metaverse

While the Metaverse continues to demonstrate its potential as an essential component of Web 3.0 and is proving that it can very much so be realized in a decentralized architecture, some limitations must be solved before it can fully take off in the form of widespread adoption. With the largest being scalability and efficiency of storage/hosting nodes, optimized throughput, and fully functioning DApps.

The Metaverse needs to be a frictionless experience for both crypto and non-crypto natives. But it’s difficult to achieve this unanimously, especially considering the vast amount of projects built on different chains with varying degrees of tech strength. Everyone is rushing to claim a slice of the Metaverse pie, but often at the expense of quality, a non-negotiable prerequisite to widespread adoption. 

So what’s the solution? A Layer-1 chain that can both seamlessly support the Metaverse and set the standard for the rest of the space. 

NetFlowCoin and the Metaverse

As a decentralized P2P communications network, NetFlowCoin enables users to stream, share, and access any type of content within the network free of 3rd party intervention. This allows for truly decentralized Metaverse environments to be seamlessly split and hosted across hundreds of nodes within the network. NetFlowCoin’s network could not only support all functionality of the Metaverse but could do it at the highest level of performance.

On top of this, NetFlowCoin’s network can host dAPPS, websites, and virtually any type of digital content with limitless potential. NetFlowCoin’s unique tech stack, which combines SDVN with a dual consensus-driven blockchain, boasts iron-clad security, uncapped open source development possibilities, and high throughput/low fees making it the perfect foundation to build on. 

To achieve the widespread adoption that we dream of, the Metaverse needs a backbone, on which it can provide a frictionless, high-quality experience while remaining open, decentralized, and accessible to all. NetFlowCoin is here and ready to build the future. 

 

 

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2,500 NFC Giveaway! Buy & Earn

Buy & Earn 2,500 NetFlowCoin Giveaway on the BitMart Exchange

NetFlowCoin will list on the BitMart exchange at 05:00 AM on March 22, 2022, EDT!

To celebrate the listing of NFC, we are giving away 2,500 NFC in our Buy & Earn event!

Period: 3/22/2022 05:00 AM – 4/6/2022 05:00 AM EDT

Buy & Earn – 2,500 NFC Giveaway!

During the event, the first 2,500 users who buy NFCs greater than or equal to 300 USDT of NFCs will be eligible to receive 1 NFC each.

Note:

  1. The Buy & Earn event rewards are only for the first 2,500 users who buy the required amount of NFCs.
  2. Users who use multiple accounts to join will not be qualified for any rewards.
  3. Rewards will be distributed within 15 business days (not including national holidays, and weekends) after the competition concludes.
  4. All trades that we deem to be “wash trades” will not count towards for this competition. BitMart reserves the right to freeze any suspected accounts.
  5. BitMart reserves the right to cancel or amend the competition or competition rules at our sole discretion.

ATTENTION: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. BitMart will make its best effort to list only high-quality coins, but will not be responsible for your investment losses.

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Articles Introduction

An introduction to cryptocurrencies: Cryptocurrencies for dummies

An introduction to cryptocurrencies: Cryptocurrencies for dummies

The world of Cryptocurrency is a wild one: an ever-changing landscape where the most brilliant minds and boldest degens alike persist on the perilous path through blockchains’ most treacherous tundras in hopes of reaching the oasis (see The Moon). 

It’s no surprise that Cryptocurrencies can be intimidating for the novice adventurer. 

Where do you even start? And what on Earth is a blockchain?

Don’t worry folks, the NetFlow Fam got you covered. We give you Cryptocurrency for Dummies: Surviving and thriving in the on-chain jungle.

The Block-Beginnings: A History

Before we get into it, let’s take a step back and look at how it all started. In the late 90s, a group of anonymous netizens began a chain of discussions on various online forums. The topic? The dangers of the increasing centralized state control of services and individual information. Rooted in Libertarian ideals, this group sought to find a way to safeguard individual privacy in the ever-expanding age of information. 

 

After a long thread of discussions, these brilliant anonymous minds came to a consensus that cryptography was the best protection against the machine. This group would later be known as the Cypherpunks: the originators of blockchain technology. Now you may be thinking that this is where Bitcoin enters the scene. Not exactly. Bitcoin was not the first Cryptocurrency. 

 

Around this time, American Cypherpunk David Chaum made a breakthrough in the form of blind signatures: users could sign off on transactions without revealing their identities. As the existing financial system was a threat to private security, David would soon utilize this technology to create DigiCash: a peer-to-peer anonymous transaction network. 

 

But DigiCash fell victim to what it was created to protect against. As the entire network and its transactions were hosted and validated by David’s company, if his company went down, so would the network. At the end of the day, DigiCash was another centralized entity. But his efforts would not go unnoticed. Shortly after, a wave of eager Cypherpunks sought to improve upon David’s idea. 

 

This spawned the likes of Hashcash which introduced the concept of proof of work, and later B-Money which merged the concepts of DigiCash and Hashcash while implementing a distributed ledger system. While B-Money never made it past the conceptual stage, its genius was fully appreciated by the community, particularly by a pseudonymous netizen, Satoshi Nakamoto.

 

Ten years after the conception of B-Money, Satoshi created Bitcoin: the ultimate hedge against the financial system. Bitcoin was created as a decentralized blockchain-based peer-to-peer transaction network that protected the identities and security of its users. This became the foundation of what is known today as Web 3: a decentralized, transparent, and all-inclusive ecosystem, home to thousands of protocols coexisting on the blockchain. The birth of Cryptocurrency.

How to Invest in Crypto?

To get your hands on some of these magic internet coins, first, you’ll need to set up an account on a platform with a fiat on and off-ramp. This will be your gateway into the world of Cryptocurrency as you must first acquire Crypto using your native currency (usually always directly from your bank account). Coinbase, Uphold, and Binance are excellent platforms for beginners because they host a variety of Cryptocurrencies from diverse market segments, have a (relatively) friendly UI, and allow you to purchase crypto directly with fiat as well as sell Crypto for fiat. 

 

Now that you have your on and off-ramps established, it’s important that you consider setting up a wallet. For beginners, this isn’t completely necessary as you can leave your coins on an exchange’s wallet however this isn’t recommended for the long term. In reference to the golden rule, “Not your keys, not your crypto”, leaving your coins on exchange wallets is technically trusting your coins in the hands of another centralized party (because they own the private keys to the exchange wallet). So if anything were to happen to that exchange, your crypto would go down with it. Therefore, for long-term holding, we recommend a cold storage wallet or a desktop wallet and storing the private keys offline.

When to Invest in Crypto? 

When choosing the right crypto to invest in it’s important to first consider if it’s the right time. Cryptos are bound to price fluctuations which often reveal patterns over time. These can be viewed as market cycles, which have trends of up and down: Bull and Bear. When looking to buy, it would be advantageous to invest during The Bear (when the market is macro trending down) and near its bottom. 

 

But the true bottom is difficult to predict, therefore it’s recommended to dollar cost average into an investment position in the form of daily/weekly/monthly consistent contributions. Curiously, this almost always performs better than a consolidated single buy. Perhaps it’s because the dollar cost average places multiple same-size buys over a consistent period thus effectively buying more cheaper coins and buying less expensive ones, resulting in an optimized buy-in price for your selected range.

What Crypto to Invest in?

After you have determined the when and how you can begin building your portfolio. CoinGecko and CoinMarketCap are two excellent analytics platforms that can assist you in your research.

 

A good start would be to differentiate coins by their market caps rankings for your analysis. This will help you determine your risk tolerance when crafting your portfolio. 

 

While market cap differentiation is relatively subjective, a good measure could be Bitcoin (the market driver), Ethereum (second-largest market cap), Large Caps (Solana, Terra, XRP, etc.), Mid Caps (anything between rank 50–150), Small Caps (anything between rank 150–???), and Micro Caps (anything with a market cap below $100 million).

 

A conservative portfolio could consist of mainly Bitcoin, ETH, and Large Caps, a balanced portfolio could consist of an even spread of safe assets (Bitcoin, ETH, Large Caps) as well as risker ones (Mid Caps, Small Caps), and a growth portfolio could have a higher focus on riskier plays (Mid Caps, Small Caps, Micro Caps).

 

After you have determined your risk tolerance the last step is choosing your coins. You can start by researching the different market segments within crypto and using Twitter, Youtube, and Discord to discover market trends such as GameFi, Defi, etc. After you have identified a promising segment, take a look at the coins within that space, differentiate based on market cap, choose one, and research. Keep an eye out for solid teams, tokenomics, utility, adoption, and social presence.

 

If you end this process with conviction then you may have found a decent candidate, and if not, keep looking. The most important thing to realize is that while this market moves fast, trends within the market move even faster. You’re gonna miss a bunch of opportunities, but that’s the name of the game. Because “time in the markets is better than timing the markets,” and any exposure to Web 3 is better than none. 

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NetFlowCoin a web3 provider: Limitless possibilities

NetFlowCoin a web3 provider: Limitless possibilities

Currently, we are still in the early stages of web 3.0, with a wide variety of potential candidates that’ll become web3 providers. Although we are uncertain what web3 will eventually end up looking like, we must first identify key characteristics that we can associate with a web3-based ecosystem.

Key characteristics of a web3 network

  1. Decentralized AND centralized: A web3 model could be a combination of both a decentralized and centralized architecture, as everyone will become their own centralized hub that is connected to the network as a whole.

 

  1. DAO (decentralized autonomous organizations): One of the highest forms that web3 could offer is in the form of a DAO, whereby companies can take on a governance model that enables “stakeholders (coin holders)” to vote on decisions within a company, and a smart contract initiates the outcome of a vote (just one example).

 

  1. The rights to your data: Web3 will ultimately offer individuals complete control over their data, and any revenue their data generates.

 

  1. Anonymity: Users will have the option to remain completely anonymous, partially anonymous, or open across a web3 network. 

 

  1. Sustainability:The web3 will be sustainable in the sense that, the more nodes in the network the stronger that network will be. When DAPPs (decentralized applications) are hosted across a web3 network, the speed at which they operate will outweigh that of a centralized web2 network. 

A web3 provider’s vision

Currently, the web2 architecture is entirely centralized, and the majority of the data/information is held by the gatekeepers such as Facebook, Apple, Amazon, Microsoft, and Google (FAAMG). 

 

It is hardly a possibility for new companies to take on such giants, that is why a web3 infrastructure will shift the paradigm from these gatekeepers to the people. 

 

This creates a void that must be filled to enable individuals to access similar functions to what FAAMG offers. How would this be done? 

 

By creating a globally distributed network that enables complete peer-to-peer communication that is filled with content, DAPPS, services offered by the individuals who built them. 

 

Such a network would consist of high bandwidth sharing, enabling fast computational processing, combined with a storage function, and a gateway for users to access any one of these distributed devices’ content.

How NetFlowCoin is becoming the designated web3 provider

Over the past 10 years, the NetFlowCoin foundation created such a protocol that enables P2P communication, called the SDVN protocol. Many 3rd party developers are using the SDVN protocol as the foundation of their APPS/DAPPS. 

 

Until recently, the NetFlowCoin foundation combined the SDVN protocol with the blockchain to form NetFlowCoin.

 

NetFlowCoin’s network has the ability to host applications built for the metaverse, by splitting and distributing the applications across its 3.6 million NFC-ready nodes.

 

The characteristics that shape NetFlowCoin has widely become one of the top contenders that’ll be a web3 provider as, users can access other users’ devices across the network to store, stream, and share digital content. 

 

In addition, any digital content accessed across the network will create data traffic, it is this traffic that is then calculated by the network that distributes rewards based on the amount of traffic an individual/user generates. 

 

Although many blockchain projects are ultimately working toward a web3 architecture, many are far from achieving this goal. The future of the internet is here, now it needs time to mature.

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Web 3 Puts Data Ownership in the Hands of the People and NetFlowCoin is Building its Backbone

Web 3 Puts Data Ownership in the Hands of the People and NetFlowCoin is Building its Backbone

There’s no doubt that the past few decades have been monumental for mankind. The internet, smart devices, and cloud networks have made the world readily available at our fingertips with multiple millennium worth of information now just a click away.

While the internet exists as a commodity for the people, centralized parties have long been its gatekeepers, monopolizing even the farthest-reaching crevices of the space. Bandwidth, cloud storage, and accessibility itself are heavily safeguarded by the Big Tech Behemoths with the largest prize being user data: collected and profited off of without including the users.

The recent emergence of Web 3 is a natural response to this dynamic: people are beginning to seek ownership of their data, along with the freedom to use the internet when and how they please. And NetFlowCoin is spearheading this movement.

SDVN + Blockchain = Secure, Decentralized, Scalable

NetFlowCoin’s core technology synergizes the immutable and decentralized features of blockchain with the scalable and secure time-tested infrastructure of SDVN. The result is a fully transparent and customizable network that bridges the best of both on and off-chain worlds while remaining accessible to all.

With SDVN as an underlying layer, the users of NetFlowCoin can reap the benefits of enterprise-grade virtual network technology, that has both been utilized by Fortune 500 companies and accrued millions of users over 10 years. On top of this, SDVN is virtually unhackable as well as infinitely scalable, making it a flexible solution for a broad spectrum of user needs.

As a Layer-1 solution, NetFlowCoin seamlessly integrates blockchain technology with SDVN to make possible decentralization, immutability, and a closed-loop token economy where users can profit off of their own footprint within the network.

The End of Gatekeepers

NetFlowCoin’s dual consensus model mitigates the ability of centralized parties to monopolize the network. Proof of Stake ensures that the network is distributed, decentralized, and scalable through a vast spread of nodes while Proof of Flow incentivizes miners to provide traffic flow in the form of network services. The more miners, the faster and more efficient the network.

In a true peer-to-peer decentralized fashion, users of the network can freely purchase or sell cloud storage and bandwidth speed directly to and from other users without the need for third-party intermediaries. Whether it’s gamers, small business owners, or enterprises, all users of the NetFlowCoin platform can customize their own network build on-demand with optimal cost efficiency and iron-clad security.

Build Freely

In utilizing both Blockchain and SDVN, NetFlowCoin can bridge applications between the on and off-chain worlds. This allows for the magic of decentralized applications to seamlessly reach the vast user base of traditional networks as well as the ability of off-chain applications to connect to the blockchain without friction.

As an open-source protocol with high transaction speeds and low network costs, NetFlowCoin also provides an ideal foundation to build a variety of APPs/DAPPS. From Virtual Private Networks (VPN) and Private Decentralized Messaging Apps to Content Distribution Networks and fully programable Digital Assets, NetFlowCoin is the bedrock in which the vision of Web 3 can materialize: Owned by none, yet owned by all.