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Key aspects of mining NetFlowCoin

Key aspects of mining NetFlowCoins

It’s no surprise that the evolution of the blockchain is bringing us more innovative ways of being implemented, especially in the crypto world. A blockchain is defined in numerous aspects, however, one of the most important characteristics is the number of miners supporting that specific network.  

 

The blockchain has been combined with numerous types of protocols, incentivizing all who join that ecosystem. As there are many ways to mine a coin, it is important to understand exactly the importance a miner is offering.

 

We are now crossing the threshold from a centralized, data gathering, web 2.0 architecture, to a decentralized data freedom web 3.0 architecture, and with that, mining is becoming more than just a money-generating hobby, but rather an integral aspect of building this new internet.   

 

NetFlowCoin’s vision of the future: Bring data back to the people through web 3.0

NetFlowCoin is fast becoming a strong contender in challenging all other web 3.0 platforms. After 10 years of developing the SDVN (software-defined-virtual network) protocol, and implementing it among numerous fortune 500 companies through their 3rd party app developers. NetFlowCoin’s vision is toward breaking the data-centric architecture, into a distributed people-first data architecture.

 

The NetFlowCoin network is a decentralized P2P communications network, enabling users to share, store, and stream data among one another without the interference of any centralized bodies. Thus creating an environment where people have full control over any data they have, and choose how their data is used.

 

Miners of the NetFlowCoin platform are doing more than just accumulating NetFlowCoin tokens, but, are actually supporting the future internet. Every member who joins as a miner is contributing resources that can be utilized by the entire ecosystem. Incidentally, miners are taking on the challenge to create iterations of the current content of web 2.0, and offering it across the web 3.0 network.

 

By doing so, centralized companies will lose the ability to use people’s data for their own gain without offering users compensation to access it, transitioning from web 2.0 data gathering to web 3.0 data ownership.

 

It all starts with the miners

It’s no surprise that miners become one of the most important aspects of a blockchain project once the mainnet and technology are ready. Miners are the lifeblood of any blockchain network, and without them, a network cannot support itself.

 

NetFlowCoin miners have the option to mine certain aspects of the network. There are three types of mining for NetFlowCoin, firstly there is block generation mining. Block generation uses the consensus mechanism POS (proof of stake) and verifies transactions across the NetFlowCoin network.

 

The second mining method is traffic mining. This method uses a POF (proof of flow) consensus model. These miners are offering their mining device’s storage, and content to a network of users. The more users purchase their ‘services’, whether that be content streaming, or storing, the more a traffic miner can receive NetFlowCoins.

 

The third mining method, also using a POF model, is bandwidth mining, whereby miners can contribute their bandwidth power to the network, which will increase the overall speeds of the network. Enabling users to experience very low latency, fast upload/download speeds, and incredibly smooth streaming.

 

As the NetFlowCoin network is a very powerful ecosystem, miners will have to purchase very specific mining equipment. These mining machines will be in the form of a NAS (network-attached storage) device, that has NFCs SDVN protocol software embedded into the firmware. There will be 3rd party sellers releasing these mining machines in 2022.

 

In conclusion, the NetFlowCoin network is more than just another blockchain project, but instead, is a people’s first, private communications internet infrastructure that will break the chains that individuals are forced into by today’s oligopolies, and take back ownership of their data.

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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.

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.