info_tfgrid/collections/threefold_litepaper/implementation/layer_2.md

Layer 2 = Internet of Internets = Mother DAI

The top layer, the home of the ThreeFold Token (TFT) and the base governance layer.

• Secured by 100 L2 validators \

  • The validator is funded and managed by a person who staked TFT (staking means locked TFT to the validator) to secure the validator. The 100 validators together need to find consensus about the transactions happening.
  • Each validator needs 2m TFT, growing to 3m TFT, everyone in the world can delegate their stake to these validators. \

• Following functions are implemented on the Mother DAI**
  **

  • Holds the ThreeFold Token = TFT, is our main digital currency blockchain.
  • TFT is the digital currency used to reward TF Farmers as well as allow people to consume Computer/Storage/Application/Network capacity from the TF Grid.
  • DAI = Decentralized Autonomous Internet, each validator has a certain amount of votes
    and can vote on functions to do with the functions of the blockchain.
  • Reward system for the L2 validators, validators receive a reward for hosting the validator.

Everyone in the world can use this TFT to buy capacity from the Regional Internets (below) with just one currency called TFT.
5% of these proceeds go to the Validators. This is the global protection layer for all Regional Internets.

Each Regional Internet will have a read only Validator as part of their Region, this to make sure that Layer 1 can never go down, not even if the Global Internet gets cut in pieces because of war, natural disasters or countries cutting off their Internet.