ThreeFold
press release

PRESS RELEASE. Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network

29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain.

ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2. These integrations will provide the ThreeFold ecosystem access to a wide array of DeFi applications. In turn, this will allow ThreeFold to be more accessible to the DeFi world and provide ThreeFold Farmers and users with more platforms to exchange TFT.

ThreeFold’s bold move comes while the wider cryptocurrency market is booming. The total value of all cryptocurrency-related or blockchain-based projects has surpassed $2.1 trillion in recent weeks, as market leaders, such as Bitcoin and Ethereum, set new all-time highs. Accordingly, interest in blockchain technology is soaring as the number of active projects in the space nears 9,000.

Moreover, in an environment in which internet use for all aspects of life is soaring owing to COVID-19 restrictions, ThreeFold’s main value proposition – a truly peer-to-peer internet platform – is gaining traction. ThreeFold sees the sustainability of internet services in the long-run and its decentralization as inseparable.

Democratizing the Internet

But why is this needed? The internet today is hosted by a small group of well-resourced companies that are responsible for the maintenance of data centres which provide the server and storage space for the vast quantity of content on the internet. In addition, these same companies are finding a way to monopolize the network connections that allow data to flow around the globe.

As a result, decisions made by these companies have the power to entirely change the landscape of the internet unilaterally, without contest. Given the fact that the internet is now integral to much of the world’s industry, as well as many ways of life, the disproportionate power that these companies wield make them the de facto governors of the future of humanity’s development.

Just as Satoshi Nakamoto envisioned the democratization of the financial system through decentralization, ThreeFold is on a similar quest to democratize the internet with a unique combination of autonomous and blockchain technology. The benefits would be clear. More internet users would benefit from a neutral peer-to-peer platform on which to store their data and run their applications privately and securely.. Moreover, decentralization removes the internet’s singular potential points of failure which could seriously disrupt the global Internet and Cloud industry.

A Multichain Future

ThreeFold’s upcoming integration with BSC, Ethereum and Huobi’s ECO Chain is a critical part of continuing to grow and cultivate the world’s largest peer-to-peer internet platform. Ethereum is the number one platform for decentralized applications (dApps) in the cryptocurrency and blockchain space as of today.

Accordingly, ThreeFold’s platform will be put on the radar of the vast number of Ethereum users who could quite effortlessly become the much-needed nodes in its vision of a decentralized internet. Furthermore, there is a wealth of decentralized development expertise concentrated in the Ethereum-sphere, as well as in both Binance’s and Huobi’s blockchain ecosystems. In addition to improving compatibility with these platforms, ThreeFold will be able to tap into these development skills, inviting experienced dApp developers to build their applications on top of the ThreeFold Grid.

Comparatively, ThreeFold’s ambitious integration plans put it far ahead of similar projects in the decentralized internet space, who are traditionally Ethereum-based. However, with the increasing cost of Ethereum-based development and its slower than required scalability updates, ThreeFold’s peer-to-peer Internet will remain affordable, scaleable and simple for developers.

About ThreeFold

ThreeFold is developing a peer-to-peer internet platform that aims to liberalize what it labels as a centralized and unequally distributed internet. Its platform, called the ThreeFold Grid, comprises over +600 servers in 25+ different countries around the world, delivering approximately 80 PB in storage and over 16,000 CPU cores worldwide, making it the largest storage and compute peer-to-peer internet network in the world. See ThreeFold Grid’s statistics in more detail using their explorer here.

Each server runs ThreeFold’s stateless and lightweight open-source operating system, Zero-OS, and is set up and operated by independent individuals and organisations called Farmers. Farmers earn rewards in TFT – the platform’s native token – for their participation. TFT is the currency of the ThreeFold Grid, with each token representing a unit of storage and compute on the platform. Grid users can use these tokens to reserve the storage and compute they need to store, build and share on the platform’s internet network.

ThreeFold’s ultimate vision is to be part of the movement to fully democratize the internet worldwide.

To learn more about how ThreeFold plans 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 ThreeFold’s documentation on Github: https://github.com/threefoldfoundation

Like ThreeFold’s page on Facebook: https://www.facebook.com/threefold.io

Media Contact Details

Contact Name: Amazix Press Team

Contact Email: press@amazix.com

THREEFOLD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Student Coin (STC) Token Is Now Listed on Bitcoin.com Exchange

press release PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of STC, being available to trade on the 13th May 2021 at 10:00AM UTC. STC was created by the Student Coin team, as the reference currency for all tokens created on its terminal. STC will start trading with USDT, BTC and ETH pairs. […]

Xem chi tiết: Student Coin (STC) Token Is Now Listed on Bitcoin.com Exchange

Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions

Digital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the $2 trillion mark, and most coins are down between 5-30% during […]

Xem chi tiết: Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions

Stan Druckenmiller: US Will Likely Lose Reserve Currency Status in 15 Years, Hard to Unseat Bitcoin as Store of Value

Legendary fund manager Stanley Druckenmiller says that he is worried that within 15 years the U.S. dollar will lose its world’s reserve currency status. He said that crypto is a solution to the lack of trust in Fed Chairman Jerome Powell “and the rest of the world’s central bankers.†The billionaire investor further said that […]

Xem chi tiết: Stan Druckenmiller: US Will Likely Lose Reserve Currency Status in 15 Years, Hard to Unseat Bitcoin as Store of Value

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims to ‘Attract Entrepreneurs’ to the Country According to Klix, the Union for […]

Xem chi tiết: Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.†Tesla Stops Accepting Bitcoin Tesla CEO Elon Musk announced on Twitter Wednesday that his electric car […]

Xem chi tiết: Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move. Tax Cut to Attract Cryptocurrency Traders to Hungary […]

Xem chi tiết: Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

The meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe […]

Xem chi tiết: Survey: 1 in 4 American Investors Believe Dogecoin is the Future

Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund

On Wednesday, Ethereum’s Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India’s Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19 outbreak that India is experiencing right now. […]

Xem chi tiết: Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund

US SEC Has Brought 75 Enforcement Actions on Crypto Industry

Funding Roundup: Fresh Capital Aims to Advance Blockchain Product and Service Capabilities

Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels

Cybersecurity Firm Spots a Crypto Stealer Distributed Through a Massive Email Spam Campaign and Discord Channels

VulcanVerse’s Marketplace Volume Triples From $5m to $15m, $20M Giveaway to Follow

Bank of Israel Drafts Model of a Digital Shekel

Bitcoin Cash Argentina Runs Flipstarter to Boost Adoption in the Country

Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund