The computing power of Flowcoin’s entire network is bursting, opening a new era of flow economy

Since the birth of the Internet, with the rapid social operation and technological breakthroughs, the cycle iteration of the Internet has entered a relatively stable and mature stage. This also means that the digital age has fully penetrated into people’s daily lives, and the Internet effect is also subtly changing people’s lifestyles.

The future can only be seen when a crisis occurs

At the beginning of 2020, a large-scale epidemic disaster sweeping the world-the new crown epidemic caused the world to panic. To this day, everyone is still living in the shadow of the epidemic. The global epidemic has had a huge impact on the economy and the real industry. There has been a lag, and it has also promoted the development of the Internet economy. In fact, the origin of this epidemic has also made more and more people realize that the current life model of human beings is completely dependent on the Internet. Compared with the offline economy with huge information gaps, long geographic distances, and lack of comparison in the past, The online economy of the Internet can directly bring about a consumption model that is more convenient, more cost-effective, and more informative. During the epidemic, because people cannot travel at will, people can only rely on e-commerce, live broadcast, new media and other facilities to meet their material and spiritual needs. More and more people are also aware that the huge business opportunity behind these industries is traffic. The concept of flow has always remained in our lives, but we did not realize it. A restaurant is popular, a movie is sought after, and a star is sought after, all of which are inseparable from the direct conversion brought about by the economic effects of traffic. Only a few years later, the advent of the Internet era really magnified the effect of this effect. Flow economy is the most fundamental economic layer of all industries so far, and the era of flow is king has come.

Although the traffic economy is ubiquitous in our lives, perhaps we need to think about where the traffic data we generate in the Internet age will finally return to? How does the flow work? In recent years, with the development of emerging basic Internet construction such as big data, artificial intelligence, and the Internet of Things economy, traffic data has become the most basic underlying support for the development of these industries. Do you inadvertently find that the platform pushes information you are interested in when you go online, and whether the platform automatically pushes you the products you are interested in when you shop online. In the final analysis, the platform matches the traffic data generated by each person’s usual browsing through AI to push similar information or products to individuals, so that individuals can save their own query time. Nowadays, with the rapid development of the traffic network, traffic data is like an unlimited carrier, which is continuously generated. According to relevant market research and analysis, in fact, many platforms choose to cooperate with third-party data storage companies in order to reduce the operation and maintenance costs caused by infrastructure during the overall operation process, and store the traffic data generated by platform users in these Among the servers provided by the storage company. This also creates a question. Will there be a series of risks when these data storage companies store platform user traffic data?

In daily life, in addition to receiving the content pushed by the platform, we also receive a lot of spam. It may be that most people often turn a blind eye to this situation. But think carefully about why some low-quality platforms can obtain our personal data and use this data for push. In fact, with the development of data storage, centralized data storage has begun to expose a series of problems in the past few years: centralized data storage has low transmission efficiency, is hacked, centralized system crashes and leads to data loss, Insufficient data storage space can not accommodate huge data and other issues, and users cannot control their own data privacy and security. For a long time, people have been actively studying how to change the current data storage model. With the birth of blockchain technology, a data storage solution called distributed storage has shown the dawn of the future.

The concept of distributed storage originated from Google. The engineers at the time envisioned the realization of storage operations through independent individual storage spaces by decentralized storage. But the immaturity of technology has also made this idea a bubble. With the emergence of blockchain technology, blockchain technology made this idea possible, and distributed storage was born. The distributed storage solution is to decentralize centralized management, use the storage space of individual markets to piece together a complete storage ecology for data storage, and at the same time, based on the characteristics of data transparency and non-tampering of data based on blockchain technology, make data The security, stability, and credibility of storage are guaranteed. Under this scheme, market users can even accomplish the same work of centralized storage at a lower price, achieving the goal of killing two birds with one stone.

Flowcoin seizes the opportunity to create a complete flow ecology

By combining flow data with distributed storage solutions, Flowcoin can not only meet the current massive market flow data storage needs, but also solve the problem of flow data being used by others for profit. Facing the current flow network, Flowcoin hopes to improve the reliability and security of flow data by building a complete closed-loop flow ecology, resolve disputes caused by traditional flow data storage, consolidate the feasibility of the overall network, and improve flow data storage The efficiency of this allows users to control their own data privacy and realize their own value exchange.

In the DSN ecological network adopted by Flowcoin, users can pay a certain amount of Flowcoin value token FLW as the storage cost of the order, and package the flow data and send it to the network node using a ledger matching mechanism. When the storage miners find that they match each other, they can send matching information to the network and provide their own storage space to package and store traffic data for them. At the same time, the data is password-packed by cryptography, so that storage miners cannot view user traffic data privately, which protects user data privacy. At the same time, the Flowcoin ecological network also adopts the BDPOST verification mechanism, which can monitor the flow data in real time while the miner stores the flow data for it, preventing the miner from suspending the storage of the flow data during the storage period and causing the flow data to be lost. And Flowcoin’s block also sets a kind of underlying incentive. When the storage space provided by the digital miner is larger, the FLW reward generated by the block will be more, and the mechanism can effectively optimize the block confirmation speed and prevent it from appearing. The transmission efficiency is too low. When users want to extract their own traffic data, they can pay a certain FLW again as the extraction fee, and the retrieval miner will use the excess bandwidth resources to retrieve the integrity of the traffic data, pack it again, and send it to the user With the terminal interface, users can use their stored flow data again.

The current application scenarios of Flowcoin can cover a large area of ​​e-commerce, education, manufacturing, finance, medical, media and other fields, providing it with a mature and complete flow ecology, helping the coordinated development of these industries, and creating a diversified flow value world .

Block height：670016

Latest block time：4 Min 25S

Effective computing power of the entire network：85356.0 TiB

Number of active digital miners：569

Reward for each block:53.65 FLW

24h is the average digital mining revenue：1.2068 FLW/TiB

The latest 24h output：103008 FLW

The pledge amount of the current sector：5.625 FLW/32 GiB

pledge amount：15364080 FLW

Number of messages in 24h：779808

According to the latest data from Flowcoin’s blockchain browser, Flowcoin currently has more than 15 million mortgage FLWs on the entire network, and the effective computing power of the entire network reaches 85356 TiB, which far exceeds expectations. At the same time, this also means that the era of traffic economy has entered an era. Brand new stage! We believe that with the gradual development of the traffic economy, the market space for traffic data in the future will reach another height, and it will create unimaginable economic effects for people, help the development of the Internet era, and promote the era of digital economy transformation.