From the agricultural age to the industrial age, and then from the industrial age to the Internet information age, technology has always been the primary productive force, pushing the society forward. The birth of block chain, promoting the comprehensive reform of the Internet, a new block chain era is coming. Blockchain is the biggest wealth feast in the 21st century. From 2009 to 2019, FLW (FLOWCOIN) came into being and played a crucial role in the global digital wave.
In the era of blockchain 4.0, blockchain opened a new “value Internet”, while FLW opened a “value flow network”. In this era of information rapid development and data expansion, traffic is still dominant, “traffic is king, user first” is still the main melody of The Times, to obtain accurate traffic is still very expensive. In the future, the one who gets more accurate flow will control the wealth.
Today, when blockchain assets are highly sought after, a great ecosystem cannot live without a great consensus. FLW has the world’s most advanced and cutting-edge block chain technology and innovative mining model, the future value prospect is immeasurable. FLOWCOIN developed with IPFS distributed technology is faster and cheaper. FLW is the incentive layer of decentralized distributed traffic network system developed based on IPFS. Participants will contribute their idle hard disk space and network bandwidth resources to obtain the pass FLW. Let the entire platform achieve revenue sharing, community co-governance and platform sharing.
FLOWCOIN is a protocol certificate whose blockchain runs on a new kind of proof mechanism called “spatiotemporal proof” in which blocks are created by the miners who store the data. FLOWCOIN agreement provides data storage and retrieval services through a network of independent storage providers that are not dependent on a single coordinated entity. Where,
1) users pay for data storage and retrieval;
(2) storage miners earn licenses by providing storage space;
(3) retrieval miners provide data services to earn licenses.
FLOWCOIN protocol is built on four new components, Decentralized storage network (DSN), we propose an abstract concept of a network of independent storage providers to provide storage and retrieval services. Next we use FLOWCOIN as an exciting, auditable, and verifiable DSN architecture is presented.
FLOWCOIN protocol is a decentralized storage network built on block chain and local passcode. Users expend pass CARDS for storing and retrieving data, and miners earn pass CARDS for storing and providing data.
The DSN of FLOWCOIN handles storage and retrieval requests respectively through two verifiable markets: storage and retrieval markets. Users and miners set prices for requested and provided services and submit orders to the market. The market is operated by a FLOWCOIN network that USES spatiotemporal proofs and replication proofs to ensure that miners accurately store the data they promise to store. Finally, miners can participate in the creation of new blocks in the blockchain. A miner’s influence on the next block is proportional to the amount of storage it currently USES in the network.
The original purpose of FLOWCOIN was to encourage all participants to make more contributions to the network. Each participant (including target customers, miners, investors, etc.) will benefit by effectively contributing to the overall network. The more you contribute, the more you get. Thus improved the entire network of services volume through the incentive mechanism.
With a fully open bidding market, all participants can obtain the file storage service at a very low price.
Customers can adjust their storage policies to meet their needs, creating a custom balance between redundancy, retrieval speed, and cost.
The FLOWCOIN mainnet was officially launched on August 29, 2020, and was issued on Hotcoin on September 11 of the same year, opening transactions.