Peer-to-Peer Internet ThreeFold (PPI) has announced the addition of a third Chian to its ecosystem, which will enable it to use a combination of blockchain and conventional technology to accelerate token accessibility. Despite its series of impressive partnerships and a strong, committed team, PPI is still a small start-up with a miniscule asset base, which makes its token inaccessible to most of the world’s population. The Company is therefore also seeking licenses to develop and operate a mobile phone network, which will enable it to roll out its products on a large scale. The first step is the creation of a global, decentralized, blockchain-based telecom network, which will facilitate mobile communication services, and will be managed through
PRESS RELEASE. The ThreeFold peer-to-peer internet integrates with several popular blockchain ecosystems to increase adoption of the world’s largest network of its kind.
29. April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three leading blockchain ecosystems in the decentralized finance (DeFi) space: Binance Smart Chain (BSC), Ethereum and Huobi’s ECO Chain.
ThreeFold plans to integrate BSC in the coming weeks, with Ethereum and Huobi’s ECO Chain to follow in Q2. These integrations will give the ThreeFold ecosystem access to a wide range of DeFi applications. This gives ThreeFold more access to the DeFi world and gives farmers and ThreeFold users more platforms to share TFT.
ThreeFold’s bold move is part of a booming crypto currency market. The total value of all cryptocurrency or blockchain projects has surpassed $2.1 trillion in recent weeks, with market leaders like Bitcoin and Ethereum reaching new all-time highs. As a result, interest in blockchain technology is growing rapidly, with the number of active blockchain projects approaching 9,000.
As the use of the Internet for all aspects of life increases due to COVID-19 restrictions, ThreeFold’s core value – a true peer-to-peer Internet platform – becomes increasingly important. ThreeFold believes that the long-term sustainability of Internet services and their decentralization are inextricably linked.
Democratisation of the Internet
But what’s the point? Today, the Internet is owned by a small group of wealthy companies who are responsible for maintaining the data centers that provide the servers and storage space for the vast amount of content on the Internet. Moreover, these same companies are finding ways to monopolize the network connections that allow data to be sent around the world.
The decisions of these companies are therefore capable of completely changing the Internet landscape unilaterally and without competition. As the Internet has become an integral part of much of the world’s industry, as well as many lifestyles, the disproportionate power that these companies possess makes them the de facto gatekeepers of humanity’s future development.
Just as Satoshi Nakamoto sought to democratize the financial system through decentralization, ThreeFold seeks to democratize the Internet through a unique combination of autonomous technology and blockchain. The benefits are clear. More and more Internet users will benefit from a neutral peer-to-peer platform where they can store their data and run their applications in complete privacy and security. Moreover, decentralization eliminates the one potential flaw in the Internet that could seriously disrupt the global Internet and cloud computing industry.
Huobi’s upcoming integration of ThreeFold with BSC, Ethereum and ECO Chain is an important part of the continued growth and development of the world’s largest peer-to-peer internet platform. Today, Ethereum is the leading platform for decentralized applications (dApps) in the cryptocurrency and blockchain space.
As a result, the ThreeFold platform will remain under the radar of many Ethereum users who can effortlessly become indispensable nodes in their vision of a decentralized internet. Moreover, much experience in decentralized development is concentrated in the Ethereum sphere, as well as in the Binance and Huobi blockchain ecosystems. In addition to improving compatibility with these platforms, ThreeFold will be able to leverage these development opportunities by inviting experienced dApp developers to build their applications on ThreeFold Grid.
With its relatively ambitious integration plans, ThreeFold is far ahead of similar decentralized internet projects traditionally based on Ethereum. But given the rising cost of Ethereum-based development and slow scalability updates, the ThreeFold peer-to-peer internet will remain affordable, scalable and convenient for developers.
ThreeFold is developing a peer-to-peer Internet platform that aims to liberalize what it calls a centralized and unequal Internet. The platform, called ThreeFold Grid, includes more than 600 servers in over 25 different countries, providing approximately 80 PB of storage and more than 16,000 processor cores worldwide, making it the largest peer-to-peer Internet storage and computing network in the world. You can find out more about ThreeFold Grid’s statistics using their guide here.
Each server runs on a lightweight, government-free open-source operating system, Zero-OS, developed by ThreeFold, and managed by independent individuals and organizations called farmers. Farmers are rewarded for their participation with the TFT, the platform’s own token. TFT is a triple Grid token where each token represents a unit of storage and computation on the platform. Grid users can use these tokens to secure the memory and computations they need to store, create, and share data over the platform’s Internet network.
ThreeFold’s ultimate goal is to be part of the movement to fully democratize the Internet worldwide.
To learn more about how ThreeFold wants to democratize the Internet, visit their website here. For more information on TFT and how it fits into ThreeFold’s overall plans, see this page.
Follow ThreeFold on Twitter: https://twitter.com/threefold_io
Read the ThreeFold documentation on Github: https://github.com/threefoldfoundation.
Like the ThreeFold Facebook page: https://www.facebook.com/threefold.io
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