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ThreeFold

https://threefold.io/

Our mission at the ThreeFold Foundation (“TFF”) is to empower the internet of tomorrow by building a new internet that is neutral, decentralized, and environmentally sustainable. Leveraging blockchain technology, we are building an ecosystem of IT infrastructure that will bring significantly more IT capacity online to match the exponential growth in demand (from IoT, Machine Learning, AI) for compute and storage needs. By using a “hyper-distributed” network architecture that incentivizes "Farmers"​ to plug-in efficient computing and storage devices around the world to the ThreeFold Grid ("TF Grid"​), we can enable digital service/application providers anywhere to host their applications closer to end users (also called edge computing). This model consumes up to 10 times less power, is independent of any government or corporation, and leads to significantly greater performance at a lower price point.

To support the ecosystem, ThreeFold is launching a new digital currency that has a specific commercial utility called the ThreeFold Token (TF Token). This token is backed by real internet infrastructure and capacity and will be the primary payment instrument for purchasing compute and storage capacity from the TF Grid. "Farmers"​ who connect nodes to the TF Grid are able to define prices on a blockchain based directory and are motivated to keep capacity plugged in because they earn tokens for doing so in addition to the capacity they sell.