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NetFlowCoin Testnet Suspends Mining Ability Notice

NetFlowCoin Testnet Announcement on Temporary Mining Suspension

Dear NetFlowCoin users,

Thank you for your continued support of the NetFlowCoin Project. At the time of this announcement, the block height of the testnet has reached 100,2521 blocks, the cumulative traffic has reached 37.42 PB and the goal of testnet version 1.0 has been achieved.

However, integrating the operational data on-chain, as well as the opinions of ecological partners and test users, we have decided to comprehensively upgrade the current economic model, consensus and architecture to meet the various needs of on-chain and off-chain applications. These upgrades are critical in order for the NetFlowCoin Project to meet the standards of the Web 3.0 era.

According to the roadmap, we still have a lot of work ahead of us. This includes economic models, adding various functions on the chain, interfaces, and docking with third parties. During this process there will be many upgrades and changes. The NetFlowCoin Project team remains focused on the upcoming mainnet launch.

To avoid asset loss during the upcoming series of updates on the testnet, NetFlowCoin will temporarily suspend the mining function of testnet version 1.0 on August 31, 2021, at 24:00 EST. 

Once the updates are complete, the NetFlowCoin Project team will make an official announcement ending the mining suspension. 

Regarding the upcoming suspension of mining, the NetFlowCoin Project team asks all users to take notice of the following:

  • The tokens obtained from mining during the entire time period from the launch of the testnet starting on August 31 at midnight EST, can be exchanged into mainnet tokens after the mainnet goes online (exchange rules will be announced at a later date).
    • Note: We will take a snapshot of all the addresses on the chain and the tokens in the contract on August 31 at midnight to ensure the accuracy of exchange.
  • Tokens generated by the testnet on September 1, 2021, cannot be exchanged into mainnet tokens, and will only be used in the testnet.
  • New economic models and consensus mechanisms will be announced as soon as possible.

Just like bending the elbow is key for hitting a homerun, the choice to temporarily suspend mining on testnet is made deliberately. By doing this, the NetFlowCoin Project team intends to make the most of the upcoming mainnet launch.

Thank you again to our testnet users for your continued participation and support. Without you, there is no way we could achieve our goals. We look forward to building the NetFlowCoin value network.

Sincerely,

NetFlowCoin (Singapore) Foundation

August 27, 2021

Categories
Mining

The Role of the Consumer in NetFlowCoin’s Ecosystem

The Role of the Consumer in NetFlowCoin’s Ecosystem

The architecture of NetFlowCoin is centered around the decentralized and distributed provision of key network resources. With the global networking capabilities of SDN technology, idle resources from edge servers and IDCs are integrated into the NetFlowCoin platform. This enables NFC users to enjoy low-cost, unmediated decentralized infrastructure network services with unique advantages.

NetFlowCoin’s “cloud plus edge” capability provides a boost to consumers in need, enabling a high degree of provisioning, flexibility, and reliability of shared resources across the network to meet the storage, bandwidth, and computing power demands of its users. The blockchain layer gives producers and consumers the means to get what they need on the edge network with NFC tokens.

Explore what users can do on NetFlowCoin with its decentralized infrastructure as a service offering. Whether it’s for the tokens or for the network, nodes on NFC have a vast number of ways to create value and contribute to the ecosystem.

Decentralized IaaS Features

NetFlowCoin is dedicated to off-site networking, remote office, secure transmission, data sharing, private communications, live streaming; IoT, edge computing, cloud-side storage, and more on its dApp marketplace. Future application cases include:

  • Data assets: data asset storage, trading, IP rights
  • IoT: Smart home, IoT, Telematics
  • Communication: Agile networking, security, messaging
  • Edge computing: edge computing, edge-cloud collaboration, big data, AI
  • Payments: token purchase of products/services
  • Standard blockchain applications: distributed bookkeeping, exchange, Defi applications

 

Global Free Networking

NetFlowCoin can create “private lines” between nodes. Once the connection is made, no matter where they are, they can access the network resources of other edge server nodes at any time, solving the problem of cross-territory/operator networking.

Global Free Networking Case

Network Resource Sharing

Users can use NetFlowCoin Edge Servers to remotely access resources on the Edge Server’s network. Edge server users can also link to their home server’s Internet, anytime anywhere. Network resource sharing gives edge server users the ability to take their home or office on the road.

Network Resource Sharing Case

EN Data Sharing

Data resources stored in NetFlowCoin edge servers can be securely shared with friends, family, and colleagues.

Data access is transmitted by an end-to-end encrypted direct connection. Authorized users have flexible and secure access to the files stored on the physical edge server. Users can be at ease knowing that the EN data sharing capabilities on NetFlowCoin completely avoids the risk of data leaks by third-parties.

  • Isolate each user space on NetFlowCoin edge server nodes to protect privacy
  • Only data in the common space is accessible to all users
  • Capable of sharing large files at much lower costs than mainstream cloud alternatives 

Bandwidth Sharing & Acceleration

Users with NAS devices (Root Nodes/Central Nodes/Edge Nodes) contribute free bandwidth resources to provide edge data forwarding capability for other EN nodes, partners (e.g., CDN, media streaming), IOTs, etc. The network resources of edge nodes distributed around the world can all be organically integrated and utilized on the NFC platform.

Bandwidth Sharing & Acceleration Case

Normally, all nodes in the NetFlowCoin network use DLT technology to communicate directly. When DLT cannot be established, the optimal path is intelligently selected to ensure accurate, reliable and fast transmission of data from both sides of the communication with the relay capability of RN/CN/EN support.

Distributed Edge Storage

EN nodes can provide unused storage space to other NFC users. Even if the hard disk of an EN is damaged or lost, it can be recovered from sliced storage in other nodes on the NFC network.

Distributed edge storage has multiple features:

  • Slice storage: Store files in slices or on multiple EN devices, then extract and consolidate the slices according to rules when needed:
  • Multi-backup storage: data is stored in different EN devices in slices or in full
  • Encrypted storage: All slices or backups are stored in an encrypted way, so that storage providers can be protected and unauthorized parties cannot obtain the backup data

Cloud-Side Computing Image

The cloud-side computing image method is used to provide the service of encrypting and image the EN storage into the “cloud” to ensure the high availability and security of EN data. Meanwhile the slow connection problem of some ENs caused by the network is solved by image.

  • Cloud data image
  • Edge data image
  • Data slicing image
  • Computing power image

Community Operation

Weline Circle is a new economic ecosystem built on SDN technology, aiming to securely connect producers and consumers who share the same interests.

Available on the app store, Weline manages the paid sharing of personal digital IP, and promotes the flow of data between supply and demand, removing the middleman. With nearly 3 million users, Weline’s SDN app gives producers complete control over the value they produce.

Weline Circle is completely distributed, created and operated by community managers. Unlike mainstream centralized applications, anyone outside of the designated Weline “circle” cannot interact or view transactions.

Consider: The Weline Circle ecology is a series of borderless businesses operating around the world. Each business or community is housed within its own mall, each with its own departments.

The community owner manages the mall, its policies and operations. Producers can be invited to start their own shop, or apply to create one in the specific mall of choice (running on its own edge server). Consumers can purchase content while browsing the mall they’ve been granted access into. Weline’s SDN technology is the infrastructure responsible for the operation.

How to Join NetFlowCoin

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

*For users interested in becoming a node with a NFC platform-integrated NAS device, visit NetFlowCoin.io/miner.

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 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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Uncategorized

NFC Roadmap Announcement

NFC Roadmap Announcement

Dear NetFlowCoin users,

Thank you for your continued support of the NetFlowCoin Project. NetFlowCoin has reached 845599 blocks and cumulative traffic of 30 petabytes.
After careful consideration, and in the interest of ensuring a successful mainnet launch, we are officially postponing the original mainnet launch date of July 18, 2021, to Q4 2021.
The NetFlowCoin Project will use this time to ramp up stress tests, address security vulnerabilities, and refine network security. We hope you will join us alongside the NetFlowCoin community and infrastructure providers (wallets, nodes, bridges, etc.) in our efforts to make the NetFlowCoin network mainnet 1.0 launch as secure as possible. Below is an updated project roadmap detailing what to expect for the rest of the year:

We are sincerely grateful for the NetFlowCoin community’s continued support. We look forward to realizing the NetFlowCoin Value Network.

Respectfully,

NetFlowCoin (Singapore) Foundation
July 13, 2021

Categories
Uncategorized

For the Developer

Build the New Distributed Frontier: NetFlowCoin Welcomes Developers to Platform

NetFlowCoin is a decentralized Internet application platform made to reward developers in the ecosystem. Help build distributed applications on the unexplored, decentralized open web.

The NetFlowCoin Project utilizes blockchain as a data transaction, security, and incentive layer in tandem with its Software Defined Network. The SDN is deployed across countless nodes consisting of powerful computing capabilities closer to the network’s core and edge nodes local to every user.

The proliferation of devices capable of becoming NFC Edge Nodes such as mobile phones, laptops, PCs, and workplace servers means NetFlowCoin can tap into an endless pool of networking and storage resources globally. Some key global networking capabilities of NFC include:

  • Adaptable: A fast-growing ecosystem of tools, applications, integrations and providers for all types of cases 
  • Made to Scale: Powerful and active distributed edge network with millions of edge nodes enabled via SDN
  • Military-Grade Encryption: The foundation of SDN + Blockchain technology means a secure communications platform with profit potential
  • Superb Performance: Super high processing power designed for large-scale use
  • Innovative Consensus: Efficient consensus for network-wide participation
  • Open and easy to operate: Designed to be developer and user friendly

Distributed Application Layer

NetFlowCoin’s platform allows for a fully decentralized distributed application marketplace. Presently, NFC’s blockchain serves three primary purposes:

  1. Record all traffic, storage, and data on the SDN network. Making all data traceable on the chain.
  2. Tokens incentivize the contribution to the stable operation of the system, and expansion of the business landscape.
  3. Compatibility with smart contracts and Solidity

NetFlowCoin supports smart contracts on Ethereum, as well as the smart contract programming language Solidity.

The NFC application layer provides developers with various open source interfaces. Developers are a cornerstone of NetFlowCoin’s decentralized marketplace. NFC provides diversified open source interfaces for developers to create new dApps in the decentralized app store.

The NetFlowCoin platform can host an infinite number of application scenarios for users on the application layer, such as:

  • Network resource sharing (idle bandwidth sharing, or acceleration) dApp
  • EN data sharing dApp
  • DEX
  • Decentralized video streaming network/platform
  • Decentralized data trading platform
  • NRC20 token
  • NFT
  • IOT platform
  • KYC/CIS/Identity Verification
  • Decentralized MMORPG
  • NFC Lottery dApp

Use Case Example: Instant Messaging dAPP

Distributed IM on NFC means the realization of decentralized, real-time messaging. Centralized instant messaging is well-known for its risk of leaks and privacy invasion.

In NetFlowCoin’s distributed IM, the conversation has end-to-end encryption. Personal identifiers and message contents are stored locally on the end-user. Enabling the option to “burn after reading,” or “delete messages older than 1 week,” ensures that the data is completely erased.

Since there is no central server, users can perform peer-to-peer instant messaging through identities (such as addresses) on the chain, which is faster and more secure.

The user profile option supports cross-chain addresses to authenticate an individual’s identity. This makes it easy for users to consolidate multiple addresses of different blockchains under one identity or username. After verification is complete, the IM dApp allows verified users to know who they are chatting and transacting ETH, BTC, or NFC with.

The IM dApp can be integrated with NetFlowCoin’s personal server to encrypt and store personal information (including multi-chain aggregated identities) and permitted chat records and other data locally. Even if the mobile phone is replaced, the chat data and other saved files are guaranteed to be safe and stored on the user’s server.

An Ecosystem Primed for Growth

NetFlowCoin’s dual token model is designed by developers for developers. NFC tokens are issued on the local blockchain token system, and NFCS (“NetFlowCoin Stable”), issued under the ERC20 standard.

NFC is the only equity token in the ecology, with a total amount issuance of 2.1 billion. NFC can be rewarded by providing various decentralized services, maintaining the network, and/or enriching the ecology.

NFC can be acquired by buying or providing various services or transactions based on the system ecology, and the price of NFC is entirely determined by the market value. Through the PoVF consensus mechanism, the traffic mining model helps popular developer (and partner) applications rapidly chain-up and scale.

NFCS converts into NFC tokens, incentivizing traffic computing power.

Supported by the local blockchain, the price of NFCS is pegged to the USD. The NFCS is used as a basic communication service fee for traffic mining (and payment credentials at the business level). NFCS links the value of traffic; the value of the data said traffic carries; and the value of network services within the NetFlowCoin ecosystem.

As the NetFlowCoin ecosystem continues to evolve, the demand for new distributed apps will grow. With its unique combination of technologies, the NetFlowCoin project is the latest phase in the development of a decentralized Internet. Join NFC today, and make your mark on the open web.

To learn more about the NetFlowCoin Project and how you can build, visit NetFlowCoin.io. For more technical specifications and information, check out the latest NetFlowCoin White Paper.

Categories
Mining

Mining Redefined: The Role of Mining in the NetFlowCoin Ecosystem

Mining Redefined: The Role of Mining in the NetFlowCoin Ecosystem

The NetFlowCoin Project’s vision is one participation in the ecosystem equates to profit. The platform is decentralized and made for the benefit of all users, producers, and consumers.

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.

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.

NetFlowCoin is ready and waiting for miners like you to start mining NFC traffic, making governance decisions, and earning NFC tokens.

Participating in the NetFlowCoin Ecosystem

NetFlowCoin’s blockchain provides token rewards to the nodes involved in maintaining the security of the system and safeguarding its operation through a consensus mechanism, while penalizing malicious nodes. In the NetFlowCoin ecosystem, miners operate nodes to direct traffic and check transactions.

Presently, there are three roles a node can play in the NetFlowCoin network: Root Nodes (RN), Central Nodes (CN), and Edge Nodes (EN). We anticipate that miners will seek to specialize in particular roles.

Some of NFC’s mining advantages include:

  • More Ways to Mine: Through the PoVF consensus, any user with a server can mine NFC by providing network services such as bandwidth or storage. 
  • Landable Application: With SDN, NetFlowCoin can maintain a flexible marketplace, where users can transact with dApps, businesses, and others using the NFC token. While NFC tokens are digital assets with trade potential, they work to bind business, mining, and users into one ecosystem.
  • Mine for Utility: Gone are the days of mining for the sake of mining. Avoid the Mining pool mafias who dominate BTC, ETH, or even CHIA and FIL. Everyone can participate in mining NFC tokens.
  • Built to Scale: NFC token holders play a huge role in the governance of the hybrid DPoS/PoVF consensus mechanism.

NetFlowCoin’s Dual Token Model

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. NetFlowCoin mining is divided into two categories: Block mining and flow mining.

Block Mining with Delegated Proof of Stake

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 through Proof of Valuable Flow

The Proof of Valuable 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 tokens will serve as the basic communication service fee for traffic mining and payment credentials. 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.

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

How to Mine on NetFlowCoin

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

For specific details on NetFlowCoin’s mining data, blockchain data query, pledge lock data, DPoS consensus data, and one-click coin issuance services, visit NFCScan.

NFC Tokenomics and Ecological Practitioners

NetFlowCoin is a decentralized network designed for limitless data flow, content delivery, storage, and shared computing resources.

NFC tokens are programmed using a deflationary token model by which, over time, NFC tokens are placed in a black hole address and removed from the circulating supply. This mechanism protects the asset’s value for miners, nodes, and speculators, especially as the demand for NetFlowCoin-based products and services increases around the marketplace.

Achieving NetFlowCoin’s vision of data moving freely and instantly around the globe is no small feat. However, the NFC team combines over 15 years of experience in distributed networking, edge computing, and 4 years of blockchain development to bring the project to fruition.

Mining on NetFlowCoin means getting paid to build the open web. The NFC token economic model is designed to put mining rewards front and center. Miners earn 80% of the total NFC token supply for building the Open Web by providing node resources. To take the advantage of NetFlowCoin’s mining opportunities, visit NetFlowCoin.io/miner. Unleash the decentralized Internet with NetFlowCoin.

Categories
Introduction

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

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

For further details on the Lenovo NAS models, visit NetFlowCoin.io/Miner.

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.

Categories
Press Coverage

NetFlowCoin’s Blockchain Rivals Filecoin Using Scalable SDN Technology

SAN JOSE, Calif., April 6, 2021 /PRNewswire/ — NetFlowCoin is a Silicon Valley-based blockchain startup proving it’s possible to combine decentralization, security, and scalability without sacrificing network performance.

Reinventing the uses, power, and scale of private networks, by alchemically transmuting SDN into a blockchain network.

By alchemically transmuting SDN technology (Software Defined Networks) into a blockchain network capable of delivering unlimited content to billions of people, NetFlowCoin has reinvented the uses, power, and scale of private networks.

 

NFC’s Blockchain-enabled SDN protocol revolutionizes networking

The NetFlowCoin blockchain-enabled SDN network represents an evolution over each respective technology when built separately.

In attempting to achieve the golden triangle of decentralization, security, and scalability, blockchains inevitably fall short on at least one target. That’s because it’s notoriously difficult to scale when distributing the network amongst countless nodes and users.

Moreover, blockchains cannot store enough data to massively distribute content such as high-density files, video, and other media. Blockchains like Filecoin are built on IPFS to work around these restrictions, but problems with this approach remain.

NetFlowCoin utilizes blockchain as a data transaction, security, and incentive layer in harmony with its simultaneous Software Defined Network. The SDN is deployed across countless nodes consisting of powerful computing capability closer to the network’s core and edge nodes local to every user.

The proliferation of devices capable of becoming NFC Edge Nodes such as mobile phones, laptops, PCs, and workplace servers means NetFlowCoin can tap into an endless pool of networking and storage resources globally.

A new paradigm for Content Delivery Networking

Traditional Content Delivery Networks (CDN) centralize content far away from users, thus increasing latency and costs. NetFlowCoin’s model for hyper-local content hosting creates a new paradigm for massive content delivery via a fully distributed user-controlled network that takes advantage of and simultaneously enables the IoT era.

Centralized CDNs have limited infrastructure within a given geographic location, forcing them to broadly consider the network’s edge. In contrast, NetFlowCoin turns most network-enabled devices into edge devices capable of hosting and routing content securely and with extreme efficiency.

Anyone can decentralize content delivery, computing, and networking by hosting a node and contributing resources within the NFC ecosystem.

The NFC token economy and marketplace

NetFlowCoin is a decentralized network for limitless data flow, content delivery, storage, and shared computing resources. Encouraging the sharing of resources and ultimate distribution of the network is a cryptocurrency economy founded on NFC token.

The NFC token has several uses, including:

  • Governing the hybrid DPoS/PoVF consensus mechanism

  • Payment within the NetFlowCoin Marketplace for products & services

  • Block mining rewards

  • Traffic mining rewards

NFC tokens are programmed using a deflationary token model by which, over time, NFC tokens are placed in a black hole address and removed from the circulating supply. This mechanism protects the asset’s value for miners, nodes, and speculators, especially as the demand for NetFlowCoin-based products and services increases around the marketplace.

Achieving NetFlowCoin’s vision of data moving freely and instantly around the globe is no small feat. However, the NFC team combines over 50 years of experience in distributed networking, edge computing, and blockchain development to bring the project to fruition.