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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.

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NetFlowCoin: Forging the future of layer one blockchains

NetFlowCoin: Forging the Future of Layer Ones

Web 3 is an ocean of information. Deeply submerged at its floor lay Layer 1 protocols: diverse blockchains capturing and processing data in unique ways, co-existing in the vast ecosystem. Since the inception of consensus-driven peer-to-peer technology, we have seen the gradual evolution of Layer 1s, adapting to the ever-expanding needs of the netizens. 

Blockchain 1.0: The Foundations

Bitcoin started the wave. As the first block-based chained data structure with asymmetric encryption, Bitcoin opened a portal to a new paradigm in the web, making possible anonymous and trustless peer-to-peer transactions on a fully decentralized and transparent network. Now people could bank themselves securely and maintain full control over their digital assets and identities on a network accessible to anyone, anywhere, anytime.

 

But Bitcoin’s shortcomings revealed themselves in the way of scalability and development. While users sought to build and expand the network’s capabilities, the first blockchain technology was limited. This gave birth to a new generation of Layer 1s with open source development and expanded support as their drivers.

Blockchain 2.0: Smart Contracts and DApps

The Ethereums, Trons, and EOSs of the space ushered in the widespread development of Smart Contracts, Virtual Machines, and DApps. This catalyzed a massive expansion in Web 3: equipped with more robust on-chain applications, advanced decentralized finance protocols (Defi), and a growing community of crypto-native builders.

 

While the emergence of Blockchain 2.0 massively improved upon the original technology of Bitcoin and opened doors to new possibilities in Web 3, the technology was still in its infancy. Many next-gen Layer 1’s still fell short in scalability, stability, and performance. Furthermore, as non-crypto native users began to enter the space, there grew increasing demand for “real word” off-chain applications to be bridged onto the blockchain. But this was rarely achievable without immense friction. 

Blockchain 3.0 and NetFlowCoin

Today, we are seeing the full potential of Web 3 come to fruition. Layer 1s have evolved from emerging underground technology to scalable, secure, and highly efficient enterprise-ready solutions. Proof of Stake and Sharding consensus models have made it possible for Layer 1s to achieve transaction speeds nearing a fraction of a second with negligible network fees. And the likes of Value Mutual Trust Networks have made bridging “real world” applications (beyond currency and finance) a reality.

 

NetFlowCoin is the culmination of this evolution: a Layer 1 solution that offers the best features of the current technology — open-sourced, high throughput, uncapped scalability, and impenetrable security— while forging the future of blockchain as the underlying decentralized network layer on which nearly any feature is buildable.

 

The Future of Layer 1s

As a Distributed IP Network built using the SDVN protocol, and combined with the blockchain incentive layer, NetFlowCoin can bridge the best of both on and off-chain worlds by hosting an expansive breadth of DApps and APPs. NetFlowCoin is poised and ready to integrate nearly any application from Web 2 onto the blockchain.

 

Furthermore, NetFlowCoin is a customizable network that gives users a wide spectrum of ownership and control of their network build. Rather than specializing in one network feature such as static data storage (see Filecoin), the NetFlowCoin network makes possible this as well as dynamic data storage, distributed IM, and can perfectly adapt to an expansive range of IP network application scenarios.

 

On top of this, NetFlowCoin was built for adoption. As SDVN has been utilized by off-chain enterprises for the last decade, the technology has accrued millions of native users who can integrate into NetFlowCoin with minimal friction. Furthermore, while other Value Mutual Trust Networks have high participation thresholds with steep requirements in hardware, capital, and technology strength, NetFlowCoin is optimized to have none. True to the original spirit of blockchain, everyone from enterprises to individuals can participate seamlessly.

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News Update | NFC Testnet Token Conversion Coming Soon

News Update | NFC Testnet Token Conversion Coming Soon

NFC testnet tokens conversion notice

Hello to all NetFlowCoin testnet miners!

Your contribution to the NetFlowCoin network and community has always been something we admire and take great responsibility for. 

Without your participation, the NetFlowCoin mainnet could not have been a successful launch.

With the arrival of the NetFlowCoin mainnet token’s IEO, we are pleased to inform you that the function of converting testnet NFC tokens to mainnet tokens will be available soon. 

After the conversion, you can withdraw the mainnet native coin ‘NFC’ that meets the conditions of your NFC mainnet address.

Please pay attention to our Twitter for more information about the the conversion launch.

Thank you very much for your continued support of the NetFlowCoin project. 

We are excited to continue working with you to build a strong, decentralized, and efficient foundation for human society.

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How Netflowcoin has laid down the foundation of the new internet, web 3.0

How Netflowcoin has laid down the foundation of the new internet, web 3.0

The company behind web 3.0’s internet architecture

It’s difficult to imagine a new way to interact with the internet. But, with everyone talking about web 3.0 and all the benefits that come with it, we must look into the companies that are building the foundation to support such a feat. 

NetFlowCoin has begun generating waves of interest, as, their SDVN protocol has created the perfect foundation-bed that will be used as web 3.0’s communication layer, capable of supporting a variety of APPS and DAPPS across their 3.6 million nodes.

What does web 3.0 look like?

The web 3.0 architecture reverses how data flows across the internet. Incidentally, removing the centralized aspect that these large web 2.0 giants have created, and monopolized, but instead reverses how an individual’s data is used/collected. 

Conventionally, data is transferred peer-cloud/server-peer, meaning there is usually a 3rd party that has access (and rights) to any of the data an individual shares across the web. However, web 3.0 will be a decentralized network that will remove the 3rd party from peer-to-peer communication.

How does NetFlowCoin’s SDVN work?

As data flows in a centralized way and is restricted by the physical infrastructure, the SDVN protocol acts as a customized virtual network built upon the physical network. The virtual network is not restricted by any third-party telecommunications company, nor any giants such as Google or Facebook, but is programmable by the users to share, control, and view data entirely free from the restrictions presented by a web 2.0 architecture.

In addition, the SDVN protocol, combined with the NetFlowCoin ecosystem, enables users not only to have the freedom of open data sharing but will also reward users for any data shared across the platform.

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Announcing our newest partner Metaspacescan

Announcing our newest partner Metaspacescan

We are happy to announce our newest partner Metaspacescan. Welcome to the NetFlowCoin network!

What is metaspacescan?

Metaspacescan.io is a blockchain explorer and data service platform. It provides various types of mining data, blockchain data queries, visualization charts, etc.

Metaspacescan.io wants to become the portal to the crypto world, like an explorer that can support multiple blockchains, e.g. bitcoin, netflowcoin, ultronglow, tron, Ethereum, etc…

Metaspacescan.io is the first official third-part blockchain explore to support the NetFlowCoin project.

What can be done on metaspacescan?

The Netflowcoin’s functions e.g. pledge, manage account, will all be supported by metaspacescan.

If you want to view blockchain data e.g. block height, transactions, rewards, miners, or anything about the NFC chain, you can get it from nfc.metaspacescan.io.

For users, you can check the FUL balance in the explore, and you can view the blockchain data.

For miners, you can pledge PoS/PoF, manage your mining account (address), check your NFC balance, and mining rewards. Also, you can pay for a punishment score.

For traders, you can check your transactions across the network, you’ll also be able to change your balance, etc.

Why have we switched the explore from srscan.netflowcoin.io to nfc.metaspacescan.io?

The mainnet launch is just beginning, we have a lot of work to do. We need to focus on developing, running, maintaining, and other technical work related to the blockchain. Also, we need to connect with our communities, markets, and developers.

So, we found the metaspacescan.io team to build a new explorer for our mainnet, to meet the needs of different users.

Our official explorer will be shut down after phase 2 of our mainnet has launched (mid-January). From then on please visit nfc.metaspacescan.io for anything you want.

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What’s the buzz around web 3.0, and how will it impact your life?

What’s the buzz around web 3.0, and how will it impact your life?

The newest buzzword that everyone is discussing is web 3.0, but how many people really understand what web 3.0 actually is? As we are beginning to move away from the web 2.0 architecture, web 3.0 will become a more important aspect of everyone’s life, whether they know it or not.

What is web 3.0?  

Currently, there is no clear sign of what web 3.0 will look like, as it’s still in its early stages of development, however, there are key characteristics of what web 3.0 will offer. These characteristics will change not only the way we interact with the web but almost every aspect of digital life.

Key characteristics of web 3.0

Decentralized, AND centralized

Although everyone’s talking about an internet infrastructure that is completely decentralized, which is true, with decentralization comes hundreds of thousands, if not millions of individual nodes within a network. This creates a centralization simultaneously, as each node within the network will act as its own centralized location.

Decentralized autonomous organizations (DAO)

DAOs is another buzzword plaguing the internet. In web 3.0’s highest form, a DAO would be one of the key benefits of web 3.0. Instead of companies run by a select few of individuals, instead, future businesses may adopt the DAO structure, whereby the company, and its decisions, are made by the mass majority of stake/shareholders of that organization. 

All digital assets are owned by the creator

Unlike web 2.0, any content you create, share, post over the internet is owned by a centralized authority. E.g. Facebook owns the rights to everything you post on your pages. 

In a web 3.0 structure, users will have complete control over the data they create and share. In addition, any value an individual’s date generates will be shared directly with the creator. 

Complete, partial, or no anonymity 

We are constantly ambushed by unwanted advertising, having our data and our personal identity exposed online, even when accessing the internet in incognito mode. On web 3.0 the option to remain completely, partially, or not anonymous will be decided by the individual. 

Extreme performance increases 

As a decentralized network will be a combination of hundreds of thousands of devices, the speeds in which accessing content will increase dramatically, as a request to access a piece of content wouldn’t need to travel far to receive a response, data requests will be received by the nearest node within the network.

Censorship and access to information

One of the most amazing aspects of web 3.0 and decentralization is, not one person, government, or company has control over it. Meaning, any/all content will be completely open and accessible.

In summary 

The new internet is slowly edging into everyone’s lives, and although there will be some challenges ahead with its full deployment, the benefits seem to outweigh the current web 2.0 infrastructure, allowing people to have control, rather than a handful of internet conglomerates.

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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.