NetFlowCoin is a fully functional, 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.
Together with blockchain technology, the NFC project provides users with a decentralized network resource that transforms key elements of the internet infrastructure into an algorithmic market.
Since it is powered by a unique incentive mechanism, it is distributed, encrypted and can survive regardless of the technology monopolies.
The essence of the NetFlowCoin network
Simply put, the NetFlowCoin project is a combination of Software Defined Network (“SDN”) technology and blockchain technology.
SDN technology is used by millions of users worldwide and is an integral part of enterprise-level applications. It is known to be a super gateway that enables extensive data compression, encryption, high bandwidth, and processing power with low latency.
Layered over the Internet, NFC builds a global intelligent edge network with chain network integration to expand its computing power through “cloud edge end” synergy. By leveraging the bandwidth, storage, edge computing and data resources of NFC, NetFlowCoin forms an intelligent, secure and reliable network.
NetFlowCoin public blockchain architecture
By introducing a ledger to record traffic, storage and other resource data in the NFC network, the NFC project can remain decentralized and at the same time open to all users. In addition, NFC can reward users for providing their unused resources without the risk of political or business influence.
The NetFlowCoin blockchain runs on NFC tokens that miners earn by providing network resources (storage / bandwidth / edge computing) to users of the network. The NFC token can be used for business transactions, currencies within dApps and other uses defined in the NFC ecosystem.
While NetFlowCoin 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 strengthens security during expansion.
The NFC token gives users an incentive to contribute to the stable operation and business expansion of the entire NFC project. Implement intelligent contract technology to lay the foundation for complex, automated and lucrative business processing mechanisms.
NetFlowCoin’s blockchain architecture solves many of the problems plaguing the crypto mining industry. This is made possible by the hybridized consensus mechanism of NFC, 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 information on the NetFlowCoin public chain architecture or the NetFlowCoin nodes, see the NetFlowCoin white paper.
What can users expect from NetFlowCoin?
NetFlowCoin is a solution for users who want to free their data and footprint from the intrusive, centralized internet. The NetFlowCoin Project brings the following benefits to all users, miners, developers and partners:
- Access to network layer functions: Provides open source interfaces for developers to create dApps (blockchain browser, wallet, DEX, decentralized IM, NRC20 token, NFT, etc.)
- Innovative data flow mining: Anyone can participate in NFC mining thanks to the novel dual consensus mechanism of NFC. Block mining and data flow mining enable a custom approach to value creation. The NFC token has multi-dimensional applications in the market.
- Green energy: the personal server consumes extremely little energy.
- Ultra-safe and super-fast performance: The combined blockchain technology and the SDN layer of NFC ensure an efficient and secure network of values for data communication.
- Innovation consensus: ultra-high processing capacity for business use. Made to adapt to different scenarios, rapid growth and hyper-scalability.
- Seamless access: to the NFC network-compatible dApp marketplace.
Participation is mining on NFC
NetFlowCoin uses a dual token model in which NFC (“NetFlowCoin”) tokens are issued based on the local blockchain and NFCS (“NetFlowCoin Stable”, anchored in the USD) stable coins are issued according to the ERC20 standard and as Bridge between the digital and the “real” economy. NFCS tokens serve as the basic communication service fee for traffic mining and payment information.
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 out tokens to hold a vote.
Block mining through the DPoS consensus, where miners promise NFC and vote for certain “candidate nodes” (21 delegates per counting cycle) to get the right to produce blocks for 7 days. The NFC token is awarded to the delegate each time a block is produced.
The Proof of Verified Flow or PoVF mechanism is based on a mining reward mechanism
on the actual valuable uplink traffic generated by each node in the system.
DataFlow mining via PoVF consensus, in which the server uses the miner’s NFCS (NetFlowCoin Stable, an ERC20 stable coin that can be purchased via the NFC platform) in the user account to generate uplink traffic (DataFlow) . The PoVF mechanism converts the traffic (DataFlow) into NFC tokens and assigns them to the user.
How can you mine on NetFlowCoin?
- Download the. down WeLine application and register your account (available on both Google play and iOS app store).
- Buy 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 to NFCS.
For specific details on NetFlowCoin mining data, blockchain data query, pledge lock data, DPoS consensus data, and one-click coin dispensing services, Visit NFCScan.
What NetFlowCoin means for developers
Today, distributed applications, or “dApps” are still in their early stages and a handful are starting to become popular. DApps’ ability to interact with smart contracts on the blockchain offers endless opportunities to add value for NetFlowCoin users.
The NFC application layer offers developers various open source interfaces. Developers are a cornerstone of NetFlowCoin’s decentralized marketplace. NFC offers developers a variety of open source interfaces 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 at the application layer, such as:
- Network resource sharing (bandwidth sharing or acceleration) dApp
- DE data release 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!
Connecting to NetFlowCoin is easy! Download the. down WeLine application and register your account (available on both Google play and iOS app store) to join the NFC community today.
You can find more information about NFC at NetFlowCoin.io and in our latest whitepaper.
Disclaimer: This is a paid post and should not be treated as news / advice.