With the accelerated development of Web 2.0, the Internet has now entered the Web 3.0 era. We know that the essence of the Web 1.0 era is alliance. Static data reading and display was the most advanced information transmission method of Web 1.0 at that time. Web 1.0 opened the door to the Internet world for the first time. Then, with the emergence of the Web 2.0 ecology, the interactive effects of the Internet began to show, and everyone was able to freely build their own Internet value IP. Unfortunately, Web 2.0 has not brought direct economic effects to people. The emergence of Web 3.0 integrates the advantages of the previous two generations of Web, avoids the shortcomings, and returns the economic effects directly to the users themselves. Web 3.0 is a brand-new Internet application model that links information transmission and economic effects. We can understand Web 3.0 as intelligent interconnection.
In recent years, with the large-scale development of the flow economy, the flow has driven the release of productivity. Nowadays, the transformation of the digital economy has no time to delay. The large-scale expansion of traffic data has also revealed the drawbacks of traditional centralized storage, such as high storage costs, low security performance, and slow transmission efficiency. As the underlying infrastructure of the current Internet economy, traffic data plays a crucial decisive factor for the future Internet economic model. But how to solve the long-standing problems in the current traffic data storage market has been plagued many people. The emergence of Flowcoin may be able to solve this series of existing problems.
Flowcoin is a new application ecology that uses distributed storage solutions to solve flow data storage. Flowcoin provides a stable network environment for flow data storage by establishing a DSN retrieval network with high stability, security, and transparency. Compared with centralized and integrated data storage, the Flowcoin network uses ledger storage, that is, excluding centralized cloud storage service providers, and directly exchanges values between users. For example, user A wants to store traffic data and is willing to pay for the storage fee, user B provides storage space and performs traffic data storage for user A. And Flowcoin adopts the storage mechanism of space-time proof, which can effectively monitor user B who provides storage space in real time to prevent data storage interruption caused by human factors in the middle. During this period, all storage allocation is for each participant in the network. It’s all public. In each block, the network will check whether each required proof of distribution exists, check whether they are valid, and take corresponding measures: if any proof is lost or invalid, the network will punish storage by deducting part of the collateral User B. If a large amount of data is proved to be lost or the storage is invalid, the network will determine that the storage user B is faulty and set the order as failed, and re-launch a new order of the same fragment into the market. Ensure that user A who needs storage can meet the corresponding storage requirements. Under this scheme, value can be directly exchanged and market demand can be dynamically balanced, allowing users to achieve intelligent interconnection.
With the application of 5G, we have fully entered the era of the Internet of Everything, that is, the era of massive data storage. Everyday data is growing rapidly. The privacy, security, and value of data are particularly important. With the birth of blockchain, Web3.0 has a new definition, that is, value interconnection. Web3.0 will create a new digital economy system, create new business models and markets, and will bring convenience to the free flow of value. In the future, the transfer of value will be global, instant, free, and accessible to everyone. It will be more people-oriented, focusing on data security and privacy. The security and stability of data will be the underlying structure of the future development of the Internet, and the development of the traffic economy will promote the process of digital transformation in related industries. Data is an important “factor of production” in the Web3.0 era. Like the traditional “factors of production” of land, capital, and labor, it has circulation value and sustainable reproduction value. Flow data will also be the most important “factor of production” in the Internet economy. Therefore, whether flow data storage is reasonable, efficient, convenient and safe is indispensable. The emergence of Flowcoin is expected to break the long-standing technology in the current flow data storage market Disadvantages play a crucial decisive factor for the economic transformation of the Internet industry. With the continuous advancement of technology, Flowcoin will strengthen the stability of the overall structure of the DSN network, and provide feasible development strategy deployment, build a high-density centralized storage room, and empower the Internet economy by building a flow computing power network. Accelerate the operation of the Internet’s digital economy.
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Dan Barwell is a freelance editor for heraldquest.com and he is the best editor. He born in Tempa, and he graduated from the University of Tampa with a Marketing and Economics degree. After beginning his career in content creation and copywriting, he joined the Herald Quest.
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