June 19, 2021
  • June 19, 2021

Overview of the Flow Value Flowcoin public chain

By on May 31, 2021 0

Place / Date: – May 31, 2021 at 19:56 UTC 5 min read

It is a recognized fact that traditional Internet traffic is becoming more and more expensive. How to get efficient, accurate and profitable traffic has become a common problem facing Internet companies.

If the traffic provider provides high quality traffic, it will give some additional rewards, and those rewards can re-buy the traffic it needs. In other words, the provider can also get the throughput he needs while providing the throughput to pay, and an ecological closed loop throughput value can be formed.

After the closed loop of the flow value ecology formed, the flow side is both the supplier and the demand side, and the flow circulates in the ecology, which improves the efficiency and accuracy, reduce the cost of the feed and makes the ecology of the feed more valuable.

Blockchain technology offers the possibility of establishing a closed loop of ecology of the value of flows. It uses distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies to store data initially recorded only on the central server in a serial block fashion to each node. from the center of the network, carrying out the data recording It is traceable and cannot be altered.

In the era of blockchain 4.0, blockchain has opened up a new “Internet of Value”. “Traffic is king and user first” is still the main theme in today’s era. In the future, anyone who can get more precise traffic will be able to control it. Future and wealth. Therefore, a public chain of FLOWCOIN distributed traffic storage, which is developed in combination with distributed IPFS technology, was born.

FLOWCOIN is a protocol token. Its blockchain works on a new type of proof mechanism called “space-time proof”. Its blocks will be created by miners who store data. The FLOWCOIN protocol provides data storage and retrieval services over a network that does not rely on a single coordinated independent storage provider. Among them:

  • Users pay for data storage and retrieval;
  • Storage miners earn tokens by providing storage space;
  • Look for miners to provide data services to earn tokens.

Simply put, the FLOWCOIN protocol is a decentralized storage network based on blockchain and local protocols. Users spend tokens to store and retrieve data, and miners earn tokens by storing and delivering data.

The initial aim of FLOWCOIN was to encourage all participants to make more contributions to the network. Each participant (including target customers, miners, investors, etc.) will earn income by effectively contributing to the whole network. The more you contribute, the more benefits you get. Thanks to the incentive mechanism, the quality of service of the entire network is improved. Thanks to a fully open auction market, all participants can get file storage services at a very low price. Customers can adjust storage strategies to meet their needs, creating a custom balance between redundancy, recovery speed, and cost.

Why Use Blockchain To Solve The Traffic Problem?

The internet has no borders, especially traffic. Traffic only has traffic attributes, with no geographic restrictions or other factors. It faces a huge market for global internet traffic. In addition, each actor in the traffic has both the identity of the supplier and the requester. For example, as a provider, a video website can direct its traffic to a third-party platform, and as a requestor, it also needs more users to watch the video.

Blockchain speeds up the operation of the traffic industry. The traditional method of traffic exchange has the phenomenon of wasting resources caused by low utilization rate.

In other words, there is a mismatch problem between the supply side and the demand side of the flow, and what FLOWCOIN needs to solve is the problem of precise matching.

FLOWCOIN plays a more rewarding role in the ecology of closed loop flow. A lot of things cannot be accurately valued in fiat currency, especially in the traffic conversion industry. The emergence of FLOWCOIN is based on traditional constant value, giving FLW tokens equivalent to rewards to solve this dilemma and accelerate ecological circulation. And with the growth in business volume, FLOWCOIN will form an increasingly large ecosystem. With the circulation of FLOWCOIN in the project, its value will gradually become preponderant.

Comparison of FLOWCOIN and traditional cloud storage services

FLOWCOIN redefines the mode of distribution of flows, all the actors of the autonomous community are equal, and there is no privileged identity. The autonomous community must ensure that it cannot be controlled by any person or organization; that more enthusiasts voluntarily improve this public channel, build a community ecology, share the wealth and seek a common future.

Exceptional advantages of the FLOWCOIN project

FLW’s mission is to create a world-class decentralized shared computing resource network ecosystem through blockchain and network acceleration technology. FLW connects both the supply and demand sides to help node sharers realize their resources and improve resource utilization.

  • Globalization: Driven by blockchain technology, the global configuration of cloud computing ecology for the sharing economy
  • Standards: Built with community resources and wisdom, a blockchain-based shared IT industry standard
  • Create value: use redundant and idle bandwidth resources to create hundreds of billions in exchange value of ecological services;
  • Model innovation: shared computing model, cloud computing resource and innovative digital product exchange model;
  • How it works: Shared computing connects idle bandwidth resources, computing resources, and storage resources, and then delivers them to those who need them. It is a breakthrough innovation that cuts business bandwidth costs and users’ online entertainment costs.

FLOWCOIN is positioned as an access point for the global traffic of the future. Whether for blockchain projects or internet projects, import more precise and significant traffic. It is hoped that the precision of transactions facilitated on the platform will become higher and higher as the rules are formulated, which will bring more precise and long-term profit methods to the traffic players. Let the supply side focus on content, and let the demand side spend the least price and get the greatest rights and interests.

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