⚠️ Bitcoin mining is terrible for the environment

It is said that Bitcoin is more damaging to the climate than a single Bitcoin is actually worth.

Good news that it’s in our power to change the situation. In DeNet you don’t have to resolve endless calculations and increase your computing power wasting more and more environmental resources. You can be rewarded for some free storage space that you are ready to share.

🤩 Join DeNet Node to make a conscious commitment to the rational use of natural resources and earn benefits from using already existing storage capacity.

If you want to switch from Proof-of-Work mining but don’t know how - here is an article for you!

#fridayfun

Transparent and mutually beneficial relations on the Web: Is it possible?

The Web is still moving towards Web3 and all the previously used patterns won’t be acceptable any more. To fit the Internet of the Future DeNet offers the Open Economy 3.0 concept which enables direct interaction between all the participants eliminating intermediaries and additional expenses.

There are 3 types of participants:

⛏ Miners as the protectors of unique content and users' data
Miners provide some storage capacity they have in exchange for a reward from other participants.

🖥 App developers as the contributors to exclusive content of Web3
Developers get rewards from users for downloading apps and the content as well as for the traffic their app creates in the storage. They don’t have to pay any commissions to the dApp store as is customary in App Store or Google Play.

👥 Users as the beneficiaries of unique content and secure storage
Users get affordable access to Web3 without annoying ads, censorship and additional commissions. In return, they are charged for downloading the dApp and its content.

For today, the concept is in the progress of wide implementation. But Users and Miners can already interact directly and profitably. Launch DeNet Node to join the DeNet miners and explore mutually beneficial conditions!

💬 Share | 💬 Discuss

📣A reminder for those who received DFILE and took balance surveys previously📣

Run the @DeNet_Assistant_Bot to see the balance and lock in your reward.

❗️ There are a few people who have taken the survey but used an invalid username and therefore can’t see the reward displayed. In case you are one of them but definitely took the survey in July, send whole infoemation containing your public address to our email > support@denet.app. Hurry up! Deadline - 1.03 ⏰

🔸DNET token holders, don't worry! DeNet Assistant shows only DFILE balance, but your reward was locked in the surveys before.

Dear participants, thank you for being involved in the project's development all this time. You will receive a real transferable reward in return, when it becomes possible.

Stay tuned!💾

✅Start the week with some useful information!

What is the first thing that comes to mind when you think of cryptocurrency?
In most cases - it's "token". Let us explain the main features of different token types.

There are four main types of tokens:

🏛Utility tokens are digital currencies that are used internally in a product and provide access to its services. They help projects to provide funding for future development.

🛡Security tokens are similar to company shares, with their help you can receive interest payments, base assets and dividends. Such tokens are more liquid and provide access to distributed ledger services.

💰Credit tokens are used for short-term borrowing with further payment of the interest rate on the loan amount.

🔉NFTs (non-fungible tokens) are completely unique and cannot be counterfeited or splitted. Various types of assets can become an NFT: documents, works of art, audio tracks, elements of computer games, sculptures, and so on.

Know the basics about tokens to take advantage of Web3!

📢 DeNet Node v. 1.1.0 is released!

The release includes:
✅ Improved proof search mechanism;
✅ Bug fixes.

Remember about the promotion for early miners: every miner gets an extra guaranteed 1GB for every proof!🎉

In addition, we remind you about the minimum technical requirements for DeNet Node:
▫️1 GB of RAM
▫️Public IP address and the ability to provide access for remote requests to the device
▫️50GB of free storage space.
▫️100% Uptime
▫️OS: Linux (amd64, armv6), MacOS, Windows

🔸Node needs to be updated in time.
🔸It is better to use your own hardware and not rent out a server

Launch a node and join DeNet miners!
💻 Launch l 💬Chat l 💬 Share

✅How do we implement files security and accessibility and why is it beneficial for both miners and users?

Discussing the Smart Replication feature of DeNet Storage Protocol with the DeNet Tech expert @r4m1_l

🔸 What is file replication?

In simple terms, file replication is creation of copies so files can’t be lost. Smart replication is a concept developed by DeNet which implies keeping 3 file copies on different nodes simultaneously and enables access any time.

🔸 What determines the choice of exactly 3 file copies?

We find this amount the most optimal: with fewer copies and therefore nodes there is a high risk of them turning off and further unavailability of files, and more copies create unnecessary storage load increasing the price for users. Keeping all 3 copies of files accessible is ensured by Smart Replication. However, we don’t deny the ability of keeping a particular high-value file on more nodes at the discretion of the user.

🔸 What are the advantages for a miner and a user?

Miners receive beneficial conditions as they get rewards no matter if they store a file or its copy. Smart replication means that a miner is three times more likely to get a reward for storing files. Users' interests are clear: even with 3 file copies they pay less compared to traditional cloud storages and get absolute safety in return.

Although the Smart Replication concept is currently in development, DeNet miners can already explore mutually beneficial relations with users without intermediaries and get rewards for renting out their unused storage capacity.

Join!
💻 Launch DeNet Node l 💬Chat

📢 Reward for DeNet miners!

As part of the program that was implemented earlier, we've sent a well-earned reward of 1GB for each proof to our miners and now are announcing the successful completion of this rewarding program ✅
The list of our receivers is available in our Discord.


⚡️Won't the miners get rewards any longer?

Don’t worry! We’re already working on a new and extended rewarding program which is to be announced next week!

Thanks for your contribution to the project and stay tuned!

💬 Share
#mining #fridayfun

More Rewards for DeNet Miners!

We are excited to announce a new and updated incentivization program for miners, following the successful completion of the previous rewarding program.

⚡️ For the next 90 days, a daily reward of 1 MATIC and 0.15 TBY will be shared among miners from the list of those who have sent the last 256 proofs.

DeNet miners provide some storage capacity they have in exchange for a reward from other participants. This additional incentivization program only shows DeNet's dedication to its miners and ensuring the ongoing success of DeNet.

Join the DeNet Miners and stay tuned for more details!

💻 Launch l 💬Chat l 💬 Share

New DeNet Website Launched!

We are excited to announce the launch of our newly revamped DeNet website! The updated website features a more intuitive interface and current information about the DeNet products ✅

Check out the new denet.pro site!

💬 Share

📣 Last chance!

Can't see the balance and lock in your reward in the @DeNet_Assistant_Bot?

❗️ There are a few people who have taken the survey but used an invalid username and therefore can’t see the reward displayed. In case you are one of them but definitely took the survey in July, send whole infoemation containing your public address to our email > support@denet.app. Hurry up! Deadline - TODAY!

🔸DNET token holders, don't worry! DeNet Assistant shows only DFILE balance, but your reward was locked in the surveys before.

Dear participants, thank you for being involved in the project's development all this time. You will receive a real transferable reward in return, when it becomes possible.

Stay tuned for more updates!⚡️

🔝 DeNet February Results

We're excited to share our accomplishments during February. Here are the highlights:

🔸Major updates;
🔸Recent numbers;
🔸Rewards sent to the DeNet ecosystem members;
🔸New rewarding programs.

Check out the full article on Medium for more details.
Stay tuned for more updates!

Are you as smart as Smart Replication?

We prepared a short survey to check your knowledge of file replication from our previous posts.

🔍 Smart replication, developed by DeNet, means keeping a few file copies on different nodes at once. The amount of copies is optimal: with fewer copies and therefore nodes there is a high risk of them turning off and further unavailability of files, and more copies create unnecessary storage load increasing the price for users.

Test yourself answering the following question or review our earlier posts.