FAQS

These FAQs are intended to help those interested in blockchain network to further understand: 1) the value proposition of the blockchain protocol and the problems it can solve; 2) the design decision of the protocol; and 3) how to participate in the blockchain.

Legal Disclaimer 123456The following questions and answers are for general information purposes only and may contain forward-looking statements that may be subject to risk and uncertainty. The actual content and conduct of the agreement may differ materially from the information provided herein. The statements in this document cannot be considered investment or legal advice.

1. Blockchain

Blockchain is a term in the field of information technology. In essence, it is a shared database, the data or information stored in it, with the characteristics of "unforgeability", "whole process trace", "traceability", "openness and transparency", "collective maintenance", etc. Based on these characteristics, blockchain technology has laid a solid "trust" foundation, created a reliable "cooperation" mechanism, and has broad application prospects.

Blockchain technology has been successfully applied in the field of digital cryptocurrency. There are also a wide range of application scenarios in economics, finance and society in the future.
The foundation of value interaction is the establishment of mutual trust. The revolutionary feature of blockchain technology is that it realizes a new way of trust. Through design innovation at the technical level, the trust relationship between people in the value interaction process can be transformed into the trust between people and technology, and even some links can be executed automatically by the program, so that business activities can be realized at a lower cost.
At present, the peer-to-peer value transmission of blockchain has upended people's imagination of the Internet, and the application of blockchain has also been extended to various fields of economy and society, among which the most mature fields are the financial field (payment, transaction clearing, trade finance, digital currency, equity, private placement, bonds, financial derivatives, crowdfunding, credit, risk control, credit investigation), and other industries (health care, and IP authorization, Internet, education, social management, etc.) have accelerated in the application of the stage of development. In the future, blockchain applications will penetrate into all aspects of society.

2. FLOWCOIN TOKEN

FLOWCOIN, with a total issuance of 310 million; 70% for mining volume production of 217 million (halved every 4 years); Pre-dug 10%, 31 million; The super node 15%, 46.5 million (The world's top 50); Technical team 5%, 15.5 million (released at 1% per month)。

◎Block chain underlying technology: the use of block chain underlying technology, with decentralized, open and transparent, safe and reliable, open consensus and other characteristics.
◎With the entity application ecology: based on the block chain technology system, a huge block chain digital . currency ecology has been established, which is connected with a variety of global entities.
◎Value carrier of ecological system: as the value carrier of the whole ecology, it is the lubricant throughout the whole ecology, and its value is inestimable.
◎Based on the block chain IPFS distributed traffic application, FLOWCOIN redefines the traffic distribution method. All participants in the autonomous community are equal, which without any privileged identity. The autonomous community must ensure that it cannot be controlled by any person or organization.

3. Technical Term

Blockchain is a term in the field of information technology. In essence, it is a shared database, the data or information stored in it, with the characteristics of "unforgeability", "whole process trace", "traceability", "openness and transparency", "collective maintenance", etc. Based on these characteristics, blockchain technology has laid a solid "trust" foundation, created a reliable "cooperation" mechanism, and has broad application prospects.

Flowcoin (abbreviated as: FLW) is a fully open-source and fully open distributed main network developed on the basis of IPFS. Everyone can develop related plug-ins to achieve more applications, and have a decentralized, deduplicated, fragmented, faster transmission speed and more secure blockchain public chain, which is used as an incentive layer to reward the contribution traffic. digital wave.

Flowcoin protocol is a decentralized storage network built on blockchain and local protocols. Users pay for storing and retrieving data, and miners earn access by storing and providing data.

Flowcoin is a decentralized data storage network driven by blockchain and native token. Flowcoin's blockchain runs on a new type of proof called proof of spacetime, where blocks are created by miners who store data. A flowcoin network is a network of independent data storage miners, retrieval miners (or providers), and customers who employ them. Customers can hire miners through two decentralized, verifiable markets: the storage market and the retrieval market. Flowcoin networks handle storage and retrieval requests in their verifiable marketplace, independent of centralized coordination from a single company. Protocol labs put forward the initial idea of flowcoin network (link) in July 2014, and the project design has been greatly improved (link) in early 2017

The value transfer function of FLOWCOIN network and its commercial activities needs something to undertake, which is the FLOWCOIN TOKEN -- FLW. As a carrier of value flow in the whole system, it flows among the participants by describing and executing the coordinated intelligent contract between the parties, so as to let the value flow in the system on the one hand, and open the communication with the outside of the system on the other hand as a medium, and further expand the scope of FLOWCOIN.