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| title | description | sidebar_position |
|---|---|---|
| ThreeFold | Detailed information about ThreeFold | 6 |
ThreeFold
Overview
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.
Key Features
- Currency: TFT (ThreeFold Token)
- Buying Currency: Available on decentralized exchanges like PancakeSwap and Liquid.
- Utility:
- Used for network transactions and incentivizing resource providers.
- Staking rewards for network validators and farmers (node operators).
- Automation:
- Smart contracts automate resource allocation, billing, and reward distribution.
- Utility in the Project:
- Users can earn TFT by providing storage, compute, and network resources.
- Validators can stake TFT to secure the network and earn rewards.
- API: Yes, ThreeFold provides an API for developers to integrate with their applications.
- User Perspective:
- Users can easily deploy applications, store data, and earn TFT tokens by contributing to the network.
How It Works
- Step 1: Users connect their hardware (servers, storage devices) to the ThreeFold Grid.
- Step 2: The network allocates resources to applications and services deployed on the grid.
- Step 3: Users earn TFT tokens based on the amount of resources provided.
Staking
- Staking Requirements: No minimum staking requirements and no locking mechanism.
- Rewards: Users get up to 60% discount on their deployments based on the tokens in their wallet.
Documentation
For detailed documentation, visit the ThreeFold Docs.