Flowcoin, the super engine that ignites the distributed storage traffic track

Flowcoin
6 min readAug 20, 2021

--

According to current Ark Investment Management data, cryptocurrency transactions have surpassed the annual transaction volume of Facebook, ipone, Amazon, Netflix and Google. The number of cryptocurrency transactions generated from 2020 to 2021 exceeds 1.6 billion U.S. dollars, and there will be explosive growth in 2021. Take Coinbase’s recent second quarter report as an example. The company’s cryptocurrency trading volume also reached $460 billion in the quarter. Since the crypto market experienced a big increase in mid-May for two months, market sentiment has been in a downturn. Most digital currency investors said that the May round of market has basically come to an end. But soon with the digestion of market sentiment, in the past half month, through the overall K-line analysis, it can be seen that the current market situation has gradually emerged from a relatively clear and considerable trend. As of today, BTC has broken through the US$48,000 mark twice, and the overall trend is even comparable to the bull market in April and May. It also laid the foundation for the outbreak in the second half of the year. The overall market situation in the second half of the year will gradually stabilize and move towards a bull market. The direction is going forward.

At the 2021 Beijing News Shell Finance and Economics Summer Summit, Xu Xiaolan, Deputy Minister of Industry and Information Technology, pointed out in a video speech that China currently needs to build multi-level computing capabilities, accelerate the construction of new digital infrastructure, and accelerate the transformation of the digital economy. At the same time, Xu Xiaolan stated that it is necessary to enhance the competitiveness of digital industries such as artificial intelligence, big data, cloud computing, the Internet, and blockchain, promote the high-quality development of electronic information manufacturing, software services, and information and communication industries, and build a new industrial ecology to effectively enhance The stability and competitiveness of the supply chain of the industrial chain.

“At present, the new round of technological revolution and industrial transformation are accelerating and evolving, and the digital economy is of great significance and far-reaching influence.” Xu Xiaolan emphasized that it is necessary to grasp the direction of digitalization, networking, and intelligence, and promote the deep integration of a new generation of information technology and manufacturing. In-depth implementation of the industrial Internet innovation and development project, and promote industrial enterprises and industrial equipment on the cloud platform. In-depth implementation of intelligent manufacturing engineering, digital transformation of manufacturing and digital empowerment of small and medium-sized enterprises, promote high-quality development of manufacturing, and promote the integrated development of manufacturing and service industries.

In the second half of the bull market, the distributed storage track is expected to reach new heights. How can it be seen?

1. Distributed storage is a blockchain application track that has been widely followed by the market since the beginning of this year. Distributed storage can achieve value blending between the two by linking the virtual economy and the real industry. At the same time, the distributed storage track is currently in the country. Clear policy support has been issued, and the country’s intelligent computing power construction will be a major outlet for the development of the future era.

2. Compared with the energy-consuming digital currency led by BTC, distributed storage applications are more green and environmentally friendly and have practical application value. They can solve the problems caused by the development of the current social Internet and give back the value generated by them. society.

3. According to data, the global data storage market will exceed the $100 billion mark in 2024! At present, distributed storage applications are still in the early stages of testing, and the ecological construction in all aspects is not particularly complete, and has very broad potential. If it is arranged in advance, it will be possible to obtain huge dividends in the early stage, and the income generated with the development of the times will not be able to be estimated, because this is a very large amount.

Flowcoin breaks through the old situation of the flow economy, foreseeing updated cognition

In recent years, this time traffic has completely penetrated into our lives, and concepts such as traffic stars, traffic platforms, and traffic products have emerged in overwhelming time. It can be said that the major media platforms such as Douyin, Twitter, Amazon, and Youtube that we see today are all born based on traffic data for the underlying architecture. The operating mode of these platforms has always been inseparable from the word traffic, which also means that the development of the Internet has entered a relatively saturated period, and more traffic will directly bring more revenue. However, with the rapid expansion of the traffic market, a large amount of traffic data continues to hit like stormy waves. Currently, companies in the market generally do not have a flow data storage solution that meets the conditions, and they often store flow data through cooperation with third-party data platforms. This also means that these companies need to pay a large amount of operating expenses to these companies every year. At the same time, the ownership of the traffic data is not in their own hands, and the security of the traffic data cannot be guaranteed. How to provide a more convenient, efficient, safe and cheaper flow data storage solution has become a puzzle for many people. Flowcoin was aware of this problem a long time ago, and has initially proposed a relatively complete flow data storage plan.

Flowcoin has innovatively formulated a solution for distributed storage of flow data by using the operating mode of blockchain technology. By using the characteristics of blockchain technology transparency, non-tampering, high security and stability, the integrated data storage solution is dispersed. Use the extension and application of cryptography to protect traffic data to prevent malicious tampering and destruction. Flowcoin has established a DSN incentive network. Through the issuance of FLW, it attracts people to contribute storage resources and idle bandwidth to solve the problem of traffic data storage and retrieval. At the same time, the value generated by it is reasonably distributed to contributors to complete a set of traffic data storage actions. Build a strong and decentralized value network ecosystem. The Flowcoin ecosystem is committed to building a public, open source, decentralized, encrypted, and efficient storage network with users around the world, digital solutions for cloud computing, industrial Internet, information security, distributed storage, 5G network, 5G security, digital technology, etc. Establish a safe, stable and efficient top-level infrastructure to promote the development of end-to-end technologies such as big data, artificial intelligence, smart cities, and gene sequencing data. Accelerate the transformation of economic digitization and network open source, and empower the future development of the Internet.

In recent years, all the world’s large Internet giants have begun to join the industry sequence of cloud computing and cloud storage, such as Amazon, Google, Apple, Alibaba Cloud, Tencent Cloud, Huawei Cloud and many other representative interconnected companies, as well as major mobile data Operators have also begun to slowly experiment with distributed storage applications, and these companies have also achieved extraordinary revenue generation, which also reflects the current world’s great emphasis on future data layout. Flowcoin is the first new smart application that uses flow data as the core of the distributed storage track. With the gradual awakening of the bull market in the second half of the year and the vigorous promotion of distributed storage applications, it can be inferred that Flowcoin has the hope of breaking through difficulties and obstacles in the second half of the year. Bring updated thinking and positive effects to the market. I believe that with the gradual improvement of the ecological layout, Flowcoin will surpass most other distributed storage projects and ignite the engine of the era of traffic economy.

--

--