42 lines
2.0 KiB
Markdown
42 lines
2.0 KiB
Markdown
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---
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title: ThreeFold
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description: Detailed information about ThreeFold
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sidebar_position: 6
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---
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# ThreeFold
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## Overview
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ThreeFold is a decentralized cloud computing platform that aims to create a more equitable and sustainable internet. It leverages blockchain technology to provide decentralized storage, compute, and network capacity. The project is built on a peer-to-peer model, eliminating the need for centralized intermediaries and enabling a truly decentralized internet infrastructure.
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## Key Features
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- **Currency:** TFT (ThreeFold Token)
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- **Buying Currency:** Available on decentralized exchanges like PancakeSwap and Liquid.
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- **Utility:**
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- Used for network transactions and incentivizing resource providers.
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- Staking rewards for network validators and farmers (node operators).
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- **Automation:**
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- Smart contracts automate resource allocation, billing, and reward distribution.
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- **Utility in the Project:**
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- Users can earn TFT by providing storage, compute, and network resources.
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- Validators can stake TFT to secure the network and earn rewards.
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- **API:** Yes, ThreeFold provides an API for developers to integrate with their applications.
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- **User Perspective:**
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- Users can easily deploy applications, store data, and earn TFT tokens by contributing to the network.
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## How It Works
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1. **Step 1:** Users connect their hardware (servers, storage devices) to the ThreeFold Grid.
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2. **Step 2:** The network allocates resources to applications and services deployed on the grid.
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3. **Step 3:** Users earn TFT tokens based on the amount of resources provided.
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## Staking
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- **Staking Requirements:** No minimum staking requirements and no locking mechanism.
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- **Rewards:** Users get up to 60% discount on their deployments based on the tokens in their wallet.
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## Documentation
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For detailed documentation, visit the [ThreeFold Docs](https://docs.threefold.io).
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## Additional Resources
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- [Official Website](https://threefold.io/)
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- [Community Link](https://forum.threefold.io/)
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- [GitHub Repository](https://github.com/threefoldtech)
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