Where did NetFlowCoin come from? Some people believe NetFlowCoin came from thin air, acting as another blockchain project attempting to create a hype, and fade away as though it never existed.
Well, they couldn’t be more wrong. To understand NetFlowCoin’s roots, we must first understand what NetFlowCoin is? NetFlowCoin is a combination of the SDVN protocol and the blockchain. It is designed to act as an incentivized P2P communications network, enabling users to share, stream, and store data with anyone, across the globe.
Roughly 10 years ago, the SDVN network was built, and deployed among numerous fortune 500 companies, acting as their privately secure communications channel. Over the years, numerous developers have built applications above the SDVN protocol, accumulating well over 4.5 million users of its technology.
In 2019, the NetFlowCoin Foundation was born, and with it, a whole ecosystem. The idea of the NetFlowCoin network is to become the dominant layer that will eventually act as the underlying layer for all metaversal web 3.0 applications.
By late 2019 NetFlowCoin released their whitepaper, outlining the blockchain industry as a whole, and what has been missing. By early 2020 the protocol was written and the traffic on-chain development code was completed.
By early 2021, the testnet was made live, enabling a handful of early miners to join the ecosystem and begin mining NetFlowCoins. The testnet was a great success. By late 2021 the mainnet went live and was adopted by 100 private miners.
In Q1 2022, NetFlowCoin went live on the BitMart exchange, kickstarting the ecosystem into action and allowing early adopters to begin purchasing the coin. We are currently in Q2 2022, and the NetFlowCoin Foundation will be making its entire network public. This marks the starting point for the web 3.0 conceptual foundation.
What is exciting about the NetFlowCoin network is that the possibilities are truly endless, as the foundation will focus on community building, and working with 3rd parties to greatly expand the network.
Recently, NetFlowCoin and UC Berkeley have partnered to shed light on the blockchain industry for UC Berkeley’s De-fi students. They will use the NetFlowCoin network as a point of focus for research.
Although the mainnet is still yet to be made public, this is a focal point for the team over the next 2 months. Once the mainnet is made public, users, miners, and developers can begin growing the ecosystem into the very-much promised platform that’s been spoken about.
A key objective for the NetFlowCoin Foundation is to expand the ecosystem. Meaning, that throughout 2022/2023, once the mainnet is launched, the goal is to bring on board 10,000 new miners, greatly increasing the network’s traffic flow.
In addition, partnerships will become more frequent, as numerous relationships are being formed. Of course, this article cannot announce partnership names, but be sure to keep an eye open for these announcements.
As we are beginning to see signs of this next-generation internet, we must take a step back and ask ourselves, where does NetFlowCoin fit into it all?
The key characteristic that people have been describing web 3.0 as is a decentralized internet that gives ownership of data back to the people. Theoretically, users will be able to detach their online identities from their offline ones, becoming completely anonymous online.
How might this happen? Well, by taking NetFlowCoin’s network as an example, firstly, a user’s identity can be shielded through the use of their wallets. By making purchases, playing games, viewing content, etc… leaving no digital footprint wherever they travel to.
The way content is distributed online has always run through central servers, at least in the web 2.0 era. By doing so, when a user uploads any type of media content online, they lose ownership over that content.
By using the NetFlowCoin network users will have full control over their data. As a user, all accounts/content will be uploaded under your digital ID. In that case, all of a user’s digital assets are owned, and controlled, by that one user.
Turning toward the mining aspect of the network. Miners will enter the ecosystem using an NFC-ready NAS device. A NAS device is a personal cloud storage unit that miners can use to host any type of media content they’d like and share it across the NetFlowCoin network.
By doing so, that specific miner becomes their own centralized location, meaning, at any point in time they’d like to remove their media content, they can do so by leaving the network. Of course, if a miner leaves the network, he/she will lose out on mining rewards.
We have seen in the past many extraordinary companies building some of today’s most innovative solutions. Could NetFlowCoin be one of them? Well, judging from what we see today, and where the industry is going, NetFlowCoin is most certainly a contender.
The future is bright, as the development of web 3.0 will take numerous years before it’s adopted and implemented, and the NetFlowCoin Foundation has proven to be resilient. Over the next few years the expansion of the NetFlowCoin ecosystem will grow larger and larger until finally, a dominant network is in place.