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.
With its native protocol NFC (also “NetFlowCoin”) token, the NetFlowCoin Project provides users with a dApp marketplace and a circulating digital asset ecosystem.
In tandem with blockchain technology, the NFC Project provides users with a decentralized network resource that turns key Internet infrastructure elements into an algorithmic market.
Because it is powered by a unique incentive mechanism, it is distributed, encrypted, and can survive independently from the tech monopolies.
The Makings of the NetFlowCoin Network
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 NFC, NetFlowCoin forms an intelligent, secure, and reliable network.
NetFlowCoin’s Public Blockchain Architecture
By adopting a ledger to record the traffic, storage, and other resource data on the NFC 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 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.
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 Users Expect from NetFlowCoin?
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.
Participation is Mining on NFC
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).
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.
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.
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.
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.
What NetFlowCoin Means for Developers
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 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.
NetFlowCoin supports smart contracts on Ethereum, as well as the smart contract programming language Solidity. 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
- Decentralized video streaming network/platform
- Decentralized data trading platform
- NRC20 token
- IOT platform
- KYC/CIS/Identity Verification
- Decentralized MMORPG
- NFC Lottery dApp
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.
Disclaimer: This is a paid post and should not be treated as news/advice.
This article was first written on yusmid.com