Buy ThreeFold TFT

What is ThreeFold?

ThreeFold (TFT) is a decentralised autonomous cloud platform focused on providing secure, private, and autonomous access to computing resources. The platform aims to decentralise cloud services, enabling individuals and organisations to develop and host digital projects in a more secure and private manner without the reliance on traditional centralised cloud services.

How does ThreeFold work?

ThreeFold operates on a decentralised network of nodes known as the ThreeFold Grid. This grid provides cloud resources directly between users without intermediaries. Key components include:

1. TF Chain: ThreeFold's blockchain, built using the Substrate framework, which is essential for the operation of the ThreeFold Grid.
2. Consensus Mechanism: Utilises a Proof of Stake (PoS) consensus mechanism supported by algorithms like Aura for block production and Grandpa for finality.
3. Smart Contracts: Manages the renting and usage of cloud resources on the ThreeFold Grid through smart contracts executed on TF Chain.

What are the potential use cases for ThreeFold?

1. Decentralised Cloud Services:

   • Private and secure data storage
   • Autonomous computing for data processing and AI

2. Edge Computing:

   • Real-time data processing for IoT devices
   • Smart city data management

3. Blockchain and Cryptocurrency Projects:

   • Hosting decentralised applications (dApps)
   • Creating decentralised cryptocurrency exchanges

4. Healthcare and Medical Research:

   • Facilitating secure data sharing and decentralised data processing

5. Education and Training:

   • Developing decentralised learning platforms
   • Supporting AI training with distributed computing resources