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content/blog/2019/03/_index.md
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title: "The need for a sustainable digital currency" # Quotation marks allow colons, semicolons, etc.
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description: "Cryptocurrencies commonly face some major problems, which can be solved." # Quotation marks allow colons, semicolons, etc.
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date: 2019-03-06
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updated: 2019-03-06 # Comment-out this line with a # if content is unchanged
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draft: false # Make it "true" if you don't want Zola to "publish" yet
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template: blogPage.html
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taxonomies:
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categories: [farming,foundation]
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tags: [threefold_token]
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extra:
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subtitle: "" # Quotation marks allow colons, semicolons, etc.
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author: Adnan Fatayerji
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authorImg: /images/people/adnan_fatayerji.jpg
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imgPath: images/blog/new_digital_currency.png
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---
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## The world needs a new stable & green digital currency, which is usable globally
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Digital currencies are on the way to global adoption. Today, there are approximately 130+ billion dollars worth of digital currencies in circulation and approximately 1 billion dollars traded on a daily basis on open market exchanges. Benefits of digital currencies include direct peer-to-peer transactions (requiring no intermediaries such as banks), greater trust (secured by cryptography and mathematics), lower friction charges, faster transaction times, and no single point of failure.
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However, cryptocurrencies commonly face some major problems, such as:
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- **Lack of scalability**: The main blockchains today are based on “proof of work” - generating very large and complex prime numbers called “hashes” to record ledger transactions. These proof of work blockchains cannot scale to meet the increasing blockchain transaction volumes. In fact, Ethereum, one of the most popular and well known blockchains has announced it will change from “proof of work” to “proof of stake.”
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- **Crazy energy requirements**: Computing complex proof of work hashes requires enormous amounts of processing power. Actually, a large portion of today’s hashrate is produced by very large dedicated billion dollar data centers called miners. It is estimated that the energy consumed by digital currency mining is approximately equivalent to the power consumption of the entire country of Denmark.
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- **Certain perceived reputational issues**: Numerous commentators - particularly in the early years of bitcoin - speculated that unregulated digital currencies could be used to fund illicit activities.
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- **A general absence of intrinsic value**: The major digital currencies today are not backed by real assets - therefore their value is more surrounded by hype.
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- **Limited utility**: Today digital currencies are predominantly held by miners and investors. There is very limited use of digital currencies to buy goods and services.
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These are some of the problems we see with cryptocurrencies. The world needs a new stable and green digital currency, which is usable globally. Enter ThreeFold Token.
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*To learn more about the token, please dive into [our wiki](https://library.threefold.me/info/tfgrid/#/token).*
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content/blog/2019/06/_index.md
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content/blog/2019/06/post-1/index.md
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title: "Co-create the new Internet. Participate with TFT!" # Quotation marks allow colons, semicolons, etc.
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description: "Do you believe that the world needs change? Do you believe in decentralization? Equality? Sustainability?.." # Quotation marks allow colons, semicolons, etc.
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date: 2019-06-01
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updated: 2019-06-01 # Comment-out this line with a # if content is unchanged
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template: blogPage.html
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taxonomies:
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categories: [farming,foundation,aci]
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tags: [threefold_token]
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extra:
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subtitle: "" # Quotation marks allow colons, semicolons, etc.
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author: Sacha Obeegadoo
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authorImg: /images/people/sacha_obeegadoo.jpg
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imgPath: images/blog/tft_on_liquid_and_btcalpha.png
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---
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## Do you believe that the world needs change?
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Do you believe in decentralization? Equality? Sustainability?
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Do you believe in circular economies, where everyone is invited to partake and succeed?
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The ThreeFold Token is the currency of the new Internet and brings true solutions to all the above questions.
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It supports the ThreeFold Foundation - an open ecosystem that is shaping a better world by empowering game-changing technology. ThreeFold is growing a green and conscious peer-to-peer Internet that is available everywhere and owned by everyone – across geographical and cultural borders, empowering people to be autonomous, and providing equal chances to learn, partake and succeed.
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## Ready to support a new Internet?
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By buying and holding TFT, anyone can support the ThreeFold Foundation’s ability to achieve its next technological and growth milestones (see [Token Distribution Event](https://library.threefold.me/info/tfgrid/#/tdeoverview) for use-cases). From funding the next technological innovations to supporting the growth of ThreeFold use-cases built on top of the ThreeFold Grid, TFT powers the expansion of the new Internet.
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The time has come for us to step up and shape the world we believe is possible. Join us and lets co-create our futures together.
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*Get TFT on [Liquid](https://app.liquid.com/exchange/TFTBTC) now.*
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*Get TFT on [BTC-Alpha](https://btc-alpha.com/en/exchange/TFT_BTC) now.*
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On behalf of our planet, humanity and the ThreeFold Community, we thank you for considering empowering a better world.
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*If you need more guidance on buying TFT, please head [here](https://library.threefold.me/info/tfgrid/#/how_to_buy).*
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content/blog/2019/08/_index.md
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content/blog/2019/08/post-1/index.md
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title: "Decentralizing the Internet" # Quotation marks allow colons, semicolons, etc.
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description: "In this article, we discuss the general concept of a ‘decentralized grid’ and how anyone can plug-in capacity to the ThreeFold Grid." # Quotation marks allow colons, semicolons, etc.
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date: 2019-08-21
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updated: 2019-08-21 # Comment-out this line with a # if content is unchanged
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template: blogPage.html
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taxonomies:
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categories: [farming, grid, tech, aci, cloud, foundation]
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tags: [farming,threefold_grid,technology,peer_to_peer]
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subtitle: "" # Quotation marks allow colons, semicolons, etc.
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author: Roel Van Sabben
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authorImg: /images/people/roel_van_sabben.jpg
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imgPath: images/blog/decentralizing_the_internet.png
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---
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## Decentralization
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In 1989, the Internet changed the world as we know it with the introduction of the World Wide Web. With time the Internet empowered people to share information in a decentralized way. Shortly after, big companies like Facebook, Google, and Apple emerged, providing many solutions that revolutionized the way we live. The “sharing economy” has grown exponentially over the last 5-10 years. This is thanks to a more simplified information flow and well-developed technology, which:
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- Enables a much easier integration of independent players into the sharing economy.
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- Eliminates the need for extensive management and structure of marketplace operators.
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We are entering a flat-structure economy. An economy where fewer managerial levels are needed for the system to function. New technologies such as blockchain and the Internet of Things facilitate this ongoing trend. Participants can now interact on a peer-to-peer basis, forming marketplaces and organizations according to pre-agreed, programmed contracts.
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## The current Internet is centralized
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Despite the growth in popularity for decentralized systems, organizations, and currencies, the Internet remains centralized. The centralization within the Internet industry brought many barriers to entry. Indeed, to compete in the highly competitive market of Internet capacity dominated by big IT companies, massive investment, and IT development are needed.
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But what is really scary is that the current industry exploits the market tremendously. Data is officially the most valuable asset on earth for a few years, and about 20 companies rule over more than 80% of the cloud industry. In other words - these companies together have more than 80% of the world's information. In recent years, we noticed the dangers that can arise with the wrong intentions within the data industry with the 'Cambridge Analytica Scandal', also highlighted in the movie ['The Great Hack'.](https://www.youtube.com/watch?v=iX8GxLP1FHo)
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ThreeFold has been developing technology that allows the decentralization of the Internet infrastructure - removing the need for data centers, and allowing anyone to take part in the Internet capacity market. Adding capacity to the ThreeFold Grid (TF Grid) makes you a ThreeFold Farmer (TF Farmer). The more decentralized the Internet gets, the more secure and effective it will become. The already is the largest grid of compute and storage in the world.
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## How To Participate
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The process of becoming a ThreeFold Farmer is very straightforward. Anyone can join the ThreeFold Grid by downloading the ThreeFold Zero-OS onto their nodes and connecting them to the ThreeFold Grid.
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By doing this you will become an operator of a "micro data center" and with that earn ThreeFold Tokens. With or without experience in the field, anyone can become a ThreeFold Farmer. By becoming a ThreeFold Farmer, you empower a new neutral Internet that belongs to humanity - not corporations.
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You can build your server (3node) and configure it, but also options for people with less technical knowledge are available. Please see [pre-register.threefold.io](https://pre-register.threefold.io) to see how easy it is for anyone to become a ThreeFold Farmer.
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_Blog written in 2019, updated January 2021._
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content/blog/2019/11/_index.md
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content/blog/2019/11/post-1/index.md
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title: "An escape from the Great Hack" # Quotation marks allow colons, semicolons, etc.
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description: "I can’t help but think how unfair it is that in today’s digital society, people are being treated like products, because there is no such thing as a ‘free’ platform without YOU being the product." # Quotation marks allow colons, semicolons, etc.
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date: 2019-11-21
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updated: 2019-11-21 # Comment-out this line with a # if content is unchanged
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draft: false # Make it "true" if you don't want Zola to "publish" yet
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template: blogPage.html
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taxonomies:
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categories: [farming,cloud,twin,foundation,aci]
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tags: [technology,why]
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extra:
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subtitle: "" # Quotation marks allow colons, semicolons, etc.
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author: Sabrina Sadik
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authorImg: /images/people/sabrina_sadik.jpg
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imgPath: images/blog/escape_great_hack.png
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---
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## The neutrality of the current Internet is in danger.
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Have you seen ‘The Great Hack’ on Netflix? It’s a documentary about the Cambridge Analytica hacking scandal, where personal data of millions of peoples’ Facebook profiles were harvested without their consent and used for political advertising purposes.
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While watching it, I couldn’t help but think how unfair it is that in today’s digital society, people are being treated like products, because there is no such thing as a ‘free’ platform without YOU being the product. What did reassure me, is that people are sick of having their data used this way. But what they might not know, is that the internet problem is bigger than ‘just’ data protection.
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The Internet is growing at an exponential rate. To service this demand, a few large companies (Google, Amazon, Alibaba, Facebook, etc.) have built and continue to build supersized, power-hungry and centralized data centers. These data centers make up the majority of all Internet capacity available today. However, the Internet is expanding much faster than datacenters and the planet can cope with.
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In addition to that, the Internet is extremely centralized, with most of these data centers being located in the US. Think of it like electricity. If consumers in, for example, Turkey had to use electricity generated in the US, it would be too expensive and inefficient, because it is too far away. The transmission lines would be too strained and losses and repairs would make it unsustainable. Capacity is like electricity. When centralized, it becomes too expensive and wasteful for remote users.
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## So what is the solution to these problems?
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The Internet needs to be more distributed, cost-effective, neutral, and sustainable. ThreeFold has developed such a new technology, the ThreeFold Grid (Grid) and a token which enables all this to happen.
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Combining the values of the ThreeFold Foundation (freedom, equality and fairness) with the technology developed by TFTech (Zero-OS, Zero-Chain, 3Bot) and a digital currency called the ThreeFold Token (a decentralized digital currency and means of payment to exchange autonomous and decentralized Internet services) we believe that we have all the tools in order to actually make a difference in tomorrow's digital world. Question is, are you ready to join us?
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Please visit [our forum](https://forum.threefold.io) if you have any questions or would like to continue the conversation!
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