Flowcoin, a magic weapon for overtaking in curves at the blockchain application level
In recent years, due to the rapid and deep advancement of emerging industries such as artificial intelligence, big data, and the Internet of Things, the data age has become the mainstream trend of future Internet development. Affected by the global epidemic in 2020, coupled with the rapid growth of “online online life”, the demand for mobile Internet applications is increasing rapidly, and online consumption is active. Application ecology such as short video, live broadcast, and e-commerce has become the main daily Internet application needs of all mankind for a while. In 2020, the traffic of mobile Internet access reached 165.5 billion GB, an increase of 35.7% over 2019. The annual average mobile Internet traffic per household per month reached 10.35GB, an increase of 32% over 2019. The average traffic per household in December reached 11.92GB. Among them, mobile Internet traffic reached 156.8 billion GB, an increase of 29.6% over 2019, and accounted for 94.7% of the total traffic. According to the latest data, due to the high demand for cloud computing and storage, the global data volume is expected to grow to 163ZB by 2025, with a compound annual growth rate of 30%.
On May 26, 2021, the “National Integrated Big Data Center Collaborative Innovation System Computing Hub Implementation Plan” jointly issued by the National Development and Reform Commission, the Central Cyberspace Administration of China, the Ministry of Industry and Information Technology, and the National Energy Administration clearly stated that China The national hub nodes of the computing power network will be fully deployed, and the “Eastern Data and Western Computing” project will be launched to build a national computing power network system. Obviously, it can be seen that data construction will be a key plan for China’s corner overtaking countries in the world in the future. The distributed storage application track represented by IPFS will receive unprecedented policy support. Under the background of the era when the blockchain industry is run by all parties, distributed storage is likely to become the cornerstone of the blockchain industry in various countries in the future. A key breakthrough for overtaking.
Traffic data plus distributed storage is equivalent to the future
The concept of distributed storage can be traced back to the Sia cloud intelligent storage project. The concept of Sia was born in the HackMIT hackathon in 2013 and was officially launched in May 2015. Its parent company is Nebulous. Sia has 4 core developers, a community manager and an operations manager. Sia founder David Vorick.
The Sia cloud storage project uses encryption technology, smart contract technology and redundancy technology to ensure that users can safely, quickly and cheaply use blockchain cloud storage services without any third-party storage service providers. Sia adopts the POW consensus mechanism. The project goal is to concentrate idle storage resources scattered around the world and provide solutions for storage needs that need to emphasize personal privacy.
The concept of distributed storage has truly entered the public eye, and it is the IPFS interplanetary file system FIL that swept the entire industry in the first half of 2021. FIL successfully opened the distributed storage market through a complete and reasonable storage ecology and application model. The development of FIL marks the arrival of the era of blockchain applications combined with physical industries. With the construction of data computing power networks and the profitability of the traffic market carried out in many countries, it can be seen that the application ecology that combines distributed storage applications and traffic concepts will have a high-dimensional market space. Flowcoin’s distributed flow storage solution derived from this concept was born.
Flowcoin is an intelligent application network that combines flow data and distributed storage. By solving the storage problem of flow data, it provides underlying application support for the development of flow economy. Flowcoin uses the DSN value network. DSN gathers storage space provided by multiple independent storage vendors, and it can coordinate itself to provide users with data storage and inspection services. This kind of coordination is decentralized and does not require a trusted party. In other words, the purpose of safely operating the entire system is achieved through protocol adjustment and verification of the operations of individual parties. DSN can adopt different adjustment strategies according to the needs of the system, including Byzantine agreement, gossip agreement, and conflict-free reproducible data types. It can effectively block security risks such as data loss and human manipulation caused by attacks on traditional network data transmission, and provides safe and stable technical support for the development of traffic data networks.
In traditional network data storage solutions, users need to store personal traffic data in a storage server constructed by a third-party service provider. There are two security risks in this solution: 1. In the centralized data storage, if the server fails and collapses one day, it is very likely that a large range of traffic data will be lost, causing irreversible losses to users. 2. Third-party service providers may sell user information to third-party companies for private profit, which will leak the user’s security and privacy and infringe the user’s personal rights and interests. In order to solve these two problems, the Flowcoin value network adopts a ledger-style free matching mechanism to directly eliminate the centralized role of third-party service providers. Based on the characteristics of blockchain technology, such as transparency of data on the chain, non-tampering of data, and joint inspection of the entire network, etc. The security of the user’s personal data information. When a user needs to store traffic data, he can send a storage order to the Flowcoin network. When a user feels that the price is reasonable, he can match the order to store traffic data for him. Users can not only obtain a data storage solution with double-increasing security and privacy, but also obtain lower market storage prices. This will be a great breakthrough for the traffic data storage application track.
At the same time, in the Flowcoin value network, because Flowcoin’s smart contract adopts the BDPOST shareholding system storage proof mechanism based on the ciphertext sorting of the B+ tree index structure, an automatic prosecution process can also be carried out on the stored nodes in this ecology. Man-made accidents appear. This mechanism can verify the effective storage work performed by the storage node, and allocate block rewards for it reasonably. In the Flowcoin value network, organization and management, intelligent division of labor, value calling, provision of services and sharing of benefits are carried out through transparent rules. Users participating in its value network will receive development value dividends together with Flowcoin. The more storage space and bandwidth resources provided, the more abundant the rewards will be. All these production relationships can be promoted by smart contracts, and smart contracts It can clarify the details of the various rights and interests involved by the user, and significantly reduce the cost of use and transaction costs.
The current policy has clearly stated that the blockchain will be deployed ahead of time, focusing on the security, high performance, privacy protection, and scalability of the blockchain, and speeding up consensus mechanisms, distributed storage, cross-blockchain protocols, smart contracts, etc. Technological breakthroughs to achieve key technology improvements in large-scale industry algorithm performance. At the same time, with the rapid rise of the traffic economy, it can be inferred that the construction of traffic data and distributed storage will be the big wind of the future era. Flowcoin is in this context, and it will definitely be able to achieve the goal of overtaking in a curve at the blockchain application level.
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