ThreeFold Network is the biggest decentralized grid of self-managing Internet capacity in the world. Being built collectively by an inclusive ecosystem. Owned by everyone.
ThreeFold Network mission is to expand the current Internet to all areas of the world and to allow everyone to use this Internet at a fraction of its current price. We want to make it easy for people to own their data and make it harder for companies to (ab)use this data. ThreeFold Network want to help save the planet by making sure that this new Internet capacity is much more energy-friendly.
ThreeFold Network second mission is to create a new type of digital currency. A currency that is truly decentralized, inclusive and supported by an energy-efficient and highly demanded internet capacity. A currency that can be used to buy and sell internet capacity as well as goods or services anywhere in the world.
A truly Neutral, Decentralized and Green Upgraded Internet = ThreeFold Network Grid or TF Grid
A truly Decentralized, Green and Inclusive Digital Currency = ThreeFold Token or TFT
Respect the World
No matter economic status or geographic location, everyone is entitled to the Internet capacity that provides access to resources and education, enabling people to become an integral part of the digital economy.
This new distributed economy will allow people to work together across borders, free from the control of large corporations just focused on the bottom line. ThreeFold Network want this world to be driven by love and respect, instead of ego and greed. As such, the ThreeFold Foundation is 100 percent transparent.
Respect Human Effort
Today’s IT industry is based on complexity, with business models built around increasingly complex technologies. The result is a buggy and environmentally-unfriendly system that favors the elite.
ThreeFold Network have created a user-friendly “IT as energy” solution, in which the Internet is affordable and available everywhere, just like electricity.
TFTs are exclusively created by the TF blockchain and minting software when new capacity is added to the Grid. The tokens are subsequently released to the Farmers monthly over a 60 months period. Farming Pools must remain connected to the TF Grid to have their tokens to continue to vest. This issuance of Tokens is called “farming.” ThreeFold Network chose to call its token mining “farming”, because generating ThreeFold tokens is very green. ThreeFold farming is energy efficient due to its operating system and the proof-of blockstake blockchain, both of which require little energy to operate.
Farmers Business Model
Farmers: Purchase or manufacture ThreeFold Network Nodes and connect them to the TF Grid to produce IT Capacity. Once this capacity has been validated by the TF Chain, the Farmer is awarded Tokens every 30 days. The Farmer also gets Tokens for selling this capacity via the TF Directory.
ThreeFold Network Tech has developed, promotes & uses open-source technology. This technology has been actively developing components of the core technology of the ThreeFold Grid for the past 10 years which are all open-source.
Zero OS is a stateless operating system which enables distributed hardware to form the TF Grid which generates both IT storage and compute capacity.
Zero Robot is a self-healing Intelligence system which controls and operates the TF Grid without the help of people and reserves, procures and executes workloads on the grid using our Jumpscale and At Your Service automation platform.
Zero Chain is the blockchain framework: store of digital currencies, management of 3bots (our digital users), verification of communication (key management), ledger for digital notary services, …
Lightweight Operating System (“OS”) without overhead for running bare-metal machines. This means there are no complex install procedures required, just a thin efficient software layer on top of hardware.
“No data left behind” when workloads move from one node to another.
Capacity is generated without the need for data centers at The Edge (which means as close as possible to where end users uses the Internet capacity).
Any of the Zero Nodes running the Zero OS can go down without impact of the applications running on top of the TF Grid.
Much less layers & open-source software deliver better security.
Quote This article is writing on 17 December 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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