Thanks for asking.
Deeper Network is different from other blockchain projects, not only with an actural product.
Most blockchain projects aim to build the blockchain first and then try to find their applications and users. At Deeper, our vision has always been product and customers first; developing useful products that can be used by many users across the world.
Deeper devices provide private, secure, plug and play DPN (decentralized private network) services to users.
This application layer serves as the bottom layer, also called the deeper layer. Then we build the blockchain layer on top of that. This way, we already have a wide user base for our blockchain.
This two-layer structure forms a closed loop: The blockchain layer incentivizes the users to join the deeper layer to share bandwidth using block rewards.
On the other hand, the devices in the deeper layer will earn micropayments and accumulate the credit scores when sharing the bandwidth, and they can delegate their credit scores into validators in the blockchain layer to secure the blockchain system. The close loop will help the network to grow and be sustainable.
In general, the Proof of Credit is the core component that makes our system secure and decentralized. The credit system we build can be used widely in various applications similar to traditional financial services.
From a broader point of view, our two-layer blockchain system acts as a backbone infrastructure to the future of a decentralized Web 3.0.
Deeper Network is different from other blockchain projects, not only with an actural product.
Most blockchain projects aim to build the blockchain first and then try to find their applications and users. At Deeper, our vision has always been product and customers first; developing useful products that can be used by many users across the world.
Deeper devices provide private, secure, plug and play DPN (decentralized private network) services to users.
This application layer serves as the bottom layer, also called the deeper layer. Then we build the blockchain layer on top of that. This way, we already have a wide user base for our blockchain.
This two-layer structure forms a closed loop: The blockchain layer incentivizes the users to join the deeper layer to share bandwidth using block rewards.
On the other hand, the devices in the deeper layer will earn micropayments and accumulate the credit scores when sharing the bandwidth, and they can delegate their credit scores into validators in the blockchain layer to secure the blockchain system. The close loop will help the network to grow and be sustainable.
In general, the Proof of Credit is the core component that makes our system secure and decentralized. The credit system we build can be used widely in various applications similar to traditional financial services.
From a broader point of view, our two-layer blockchain system acts as a backbone infrastructure to the future of a decentralized Web 3.0.
This is interesting, you mentioned that you will enroll lots of users first, then bring them the blockchain applications.
If they are average users, how can they understand your ecosystem?
I wonder how many active users you already have now?