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News Press Coverage Updates

NetFlowCoin and UC Berkeley establish a partnership for blockchain and web 3.0 infrastructure research

NetFlowCoin and UC Berkeley establish a partnership for blockchain and web 3.0 infrastructure research

Today NetFlowCoin and Berkeley Defi Research Initiative announced an industrial partnership to jointly develop new blockchain technologies and Web 3.0 applications solutions, leveraging on the strong blockchain community and deep expertise of its faculty and students at UC Berkeley.

 

UC Berkeley has been a leading institution at the forefront of innovation in blockchain and Web 3.0 applications. Through this new partnership, NetFlowCoin will donate its network validators and engineering resources to establish a NetFlowCoin witness node at Berkeley. Berkeley Defi Research Initiative will sponsor forward-looking research topics based on the NetFlowCoin network and also Berkeley students to utilize NetFlowCoin’s capabilities in their research projects.

 

NetFlowCoin has expressed its commitment to further strengthen its academic outreach program at Berkeley as the initial phase of the partnership is taking place.

About NetFlowCoin

Aiming to become an integral part of rapid growing Web 3.0 infrastructure, NetFlowCoin has created a platform that allows users to share, store, and stream data in a completely decentralized environment, while rewarding contributors in the process.

 

The NetFlowCoin ecosystem is a combination of blockchain, SDVN, and DAPPS. Each area provides value to the space.

 

Users are given the option to purchase NetFlowCoins and pay for a variety of services across the network, such as storing data, accessing and streaming media content, and/or using DAPPS.

 

In addition, users can become miners themselves, offering their storage space and media content, to other users in return for NetFlowCoins.

 

The platform will act as a globally distributed network that can support applications designed for the metaverse. Developers can host their game-fi, social-fi, and de-fi applications across the NetFlowCoin network.

 

Learn more about NetFlowCoin

Official Website: https://www.netflowcoin.io/

Telegram: https://t.me/NetFlowCoinCommunity

Twitter: https://twitter.com/NetFlowCoin_io

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Articles Mining Updates

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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Introduction News Updates

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 News Updates

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.

Categories
Articles News Updates

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.