The Threefold Network is an ecosystem that supports the development of a decentralized marketplace for storage, compute, and applications.
As stated on its website, ThreeFold’s technology took almost two decades to develop. It’s based on a robust foundation and aims to provide a much better version of the internet.
The ThreeFold team states: “We believe the world needs a decentralized Internet, to bring sustainable and neutral access to information and education for our generation and those to come. And we at ThreeFold are committed to providing you with complementary solutions.”
The internet today is not distributed. It also not neutral, secure, or environmentally-friendly, according to the ThreeFold team. Today’s internet is also not cost-effective to use.
As noted on ThreeFold’s official website: “[Today’s internet] requires too many layers and too many human gatekeepers. And it cannot meet the future demand of internet capacity needed to support Big Data, Internet of Things (IoT), and Artificial Intelligence (AI).”
In order to address these shortcomings, the ThreeFold team has developed a Grid, which will serve as an alternative to centralized cloud solutions. The Grid is described as a global, neutral, and sustainable network of “autonomous storage and compute Internet capacity,” developed by ThreeFold Farmers.
ThreeFold Grid Has More than 80 TB of Storage Space
The Grid reportedly has over 80,000 terabytes (TB) of storage space and 14,000 cores. Applications that can run on the Linux operating system can also run on the ThreeFold Grid, the platform’s development explains.
However, the ThreeFold Grid offers more privacy and security at a more affordable cost.
The ThreeFold Token (TFT) is a decentralized currency that can be used to acquire autonomous and decentralized internet resources and services, including compute, storage, applications. These are supplied through the ThreeFold Network and created only when more capacity is added to the ThreeFold Grid.
Truly Own Your Data With ThreeFold’s 3Bot
As mentioned on the platform’s website, 3Bot has been developed on top of ThreeFold Grid and “acts as your digital self.”
As described by the ThreeFold team: “[3Bot is] your personal all-in-one application, which gives back the ownership of your data to only you – and no one else. 3Bot is your escape from the many popular centralized and often-abused applications used by a big majority of the world today. Your digital self grants you full access to a 100% neutral and decentralized digital life.”
The ThreeFold team emphasizes the importance of being autonomous because it helps us solve problems while creating more opportunities.
Being autonomous “is better for you – end users and organizations – and our planet,” the ThreeFold team states.
To learn more about ThreeFold, click here.
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