What is Node Network? Details about Nodle Network and NODL token token

• Overview of Nodle Network
• What is Node Network?
• Structure of Nodle Network
• Basic features of Nodle Network
• Main products of Nodle Network
• The developer team, the investor of the Nodle Network project
• Nodle Network development roadmap
• NODL . token overview
• What is NODL token?
• NODL token Token Allocation
• Where can NODL tokens be bought and sold?
• The future of Nodle and should I invest in NODL tokens?
• summary

Overview of Nodle Network

What is Node Network?

The Nodle Network is a distributed network that provides connectivity and services for IoT devices. The Nodle Network is a pure software solution that leverages smartphone infrastructure to provide global network coverage and services. 

With Bluetooth Low Energy (BLE) technology, Nodle Network is designed to support the connection of any wireless protocol, such as Wi-Fi and CBRS. 

Besides, users can use Nodle Network to relay any kind of data, similar to Bluetooth Low Energy devices or 5G network services. Nodle is used for a variety of scenarios, from simple connectivity services to specialized use cases like tracking user assets. Nodle Network brings together Contributors – supply side representatives, Subscribers – demand side representatives, to create a connected economy.

Structure of Nodle Network

IoT devices & data source : Any device can connect to the Nodle Network through the resources available on the Contributor. Typically, IoT devices will embed a simple BLE chipset.

Network Contributor : At the edge of the access network are devices that can interact with IoT devices and act as a gateway for the Nodle Network, those devices are called Edge Nodes. To become a Network Contributor, users simply need to embed the Nodle software development kit (Nodle SDK) on the devices that the Contributor has access to. They can be individuals, application developers, hardware manufacturers or automated IoT devices who are looking to make money from Nodle's connectivity service. All Contributors will be rewarded when they join this network.

Subscriber : These are individuals or organizations that have a need to use Nodle Network's services. They interact with the Nodle Network by paying a fee to use services distributed by developers or contributors. This money is also used to encourage Validator on the Nodle Network system.

Validators are the ones who will settle Nodle's on-chain transactions and coordinate the Contributor's work.

Basic features of Nodle Network

Nodle Chain

It is a core component of the Nodle Network responsible for payment via the Nodle Cash application between stakeholders and other IoT-focused features.

Like most other blockchains, Nodle Chain has a native token of NODL. This token is used to pay network fees and acts as a currency between the participants in the Nodle network.

Nodle Chain will manage cryptographic certificates through a public key infrastructure. From there, Nodle Chain supports putting these certificates inside IoT devices to upgrade their security level. Such certificates can be used for authentication or access control and will likely open up many new application cases in the future.

The Nodle Chain is upgradable, because its code can be changed without branching the chain's state.

Nodle Chain is built on Substrate so it can become parachain . That way, users on other blockchains can easily interact and use the network's IoT services.

Safe and secure

Data associated with Edge Node : Nodle Network does not collect phone numbers, names, contacts, pictures or any personally identifiable information of any Edge Node. To comply with regulations, a random identifier (RID) is assigned to each Edge Node and will change periodically to obscure the identity. This list of RIDs is stored in the device's memory for the convenience of owners querying information regarding data collection as part of GDPR compliance.

Data associated with IoT device : Data associated with IoT device is Mac address, geographic location (at the time of discovery). Edge Nodes that interact with IoT devices for the purpose of providing services to Subscribers can collect any data and send it to the Nodle Network for validation, and then pass it on to Subscribers as part of a translation agreement. service. 

Data is associated with transactions on the blockchain : Nodle Chain writes and maintains a public ledger. All transactions on Nodle are part of a block and are completely transparent, users can view the history of payments between two wallets or a transaction related to a service on the network. All service agreements will be described by smart contracts.

Parachain

Nodle has excellently won the 11th parachain position with 7,528 wallet addresses contributing more than 2.48 million DOT, equivalent to more than 42 million USD. Being parachain makes Nodle's token (NODL) interoperable with decentralized applications built on Polkadot or other parachains. Besides, Nodle also benefits from shared security principles from Polkadot.

Besides, having a parachain slot helps Nodle to increase connectivity, M2M (Machine-to-Machine) payment, device authentication and security, asset tracking, etc. Nodle's Parachain also allows all All other blockchain ecosystems interact with Polkadot to benefit from Nodle's scalable and highly adaptable network. 

Some information about Nodle's parachain & crowdloan auction:

• Funds raised: 2,475,528 DOT (42,826,627 USD)
• Contributions: 4,723
• Reward: 1 DOT get more than 20 NODL
• Reward pool: 850,000,000 NODL (4.05% of total supply)
• 30% NODL token reward will be unlocked immediately when Nodle parachain launches
• The remaining 70% of NODL token rewards will be distributed to investors within 96 weeks
• An exclusive “Decentralized” NFT will be rewarded to the top 10,000 contributors
• Get an extra 10% bonus if you are a contributor in the first two weeks of the auction

Nodle has been implementing a long-term vision of becoming a parachain of the Polkadot network and future Internet platform. Nodle plans to leverage the interoperability of the Polkadot platform along with massive, patented advances in cryptography to build a more open, secure, and decentralized Internet.

The future of the Internet is Web 3.0, Dr. Gavin Wood - founder of Polkadot, believes that Web 3.0 is not only about giving users new ways to communicate, but also opening up solutions for verifying authentic communications. trust.

That communication takes place not only between people, or people to computers, but also between computers. Imagine smart homes, self-driving cars, virtual reality systems… All of these rely on the communication of sensors and real-time transmission of information to implement the available features of the device. It. 

The Nodle Network provides a protocol for the IoT for secure communication, along with a blockchain that ensures the security and usefulness of that data.

Main products of Nodle Network

Nodle Cash App : The Nodle Cash App will detect sensors, smart devices and automatically connect anonymously to them. When users use the service provided by this application, this application will collect Nodle Cash (NODL) tokens.

As users explore the city with the Nodle Cash app and simultaneously connect both mobile devices and sensors to the Internet. Besides, the Nodle Cash application will also connect smart devices around users to the Internet securely. So let the smartphone work and the user can earn NODL.

In addition, users can also send and receive NODL from their friends' contacts on the Nodle Cash app.

Nodle SDK : Nodle uses energy-saving Bluetooth enabled smartphones to source IoT network connections. This only consumes a few kb of data and the user's personal data is still secure. This allows all types of apps to be monetized with no ads and no need to collect user data. 

Typically, the Advertising SDKs not only display ads, but also collect user data and share that data with third parties. Unlike those SDKs, the Nodle SDK does not collect any personal information from the user. Also, the Nodle SDK uses very little data and significantly less than the Advertising SDK so the user experience won't be affected much.

Besides, the Nodle SDK has been optimized so that the CPU does not have to handle heavy tasks and is extremely power-efficient but still achieves high capacity. Therefore, the battery inside the user's mobile device will be less affected. 

In addition, the Nodle SDK is embedded inside the Nodle Cash application and is used by many other applications globally.

The developer team, the investor of the Nodle Network project

Development team

Nodle owns an experienced development team in the field of information technology and blockchain. Some prominent names are: Micha Benoliel – CEO & Co-Founder, Garrett Kinsman – Co-Founder, Jay Goldberg – Operations & Finance, Eliott Teissonniere – Blockchain Architect and Lucien Loiseau – CTO.

Investors

The project has raised US$5 million after 4 rounds of fundraising from major organizations such as COINS GROUP, Blockchange Ventures, Blockchain.com Ventures, Blockhead Capital, Olymp Capital, WorkPlay Ventures, BootstrapLabs, Yeoman's Capital. 

In addition, Nodle Network has received attention and investment from major technology funds such as: HTC - a Taiwanese manufacturer of handheld devices, Stellar and Avnet - a distributor of electronic components established from in 1921.

Nodle Network development roadmap

Q3/2020: Deploy parachain testnet and launch Nodle M1 product.

Q4/2020: Release of block explorer, 2.0 reward mechanism, mainnet parachain and smart contract support, 3rd validator party.

Q1 2021: On-chain Nodle launch, integration with Nodle PKI and Ledger.

Q2/2021: Launching the Nodle Network 2-way communication SDK.

NODL . token overview

What is NODL token?

NODL is the native token of the Nodle Network ecosystem and has certain functions as follows:

• Governance: NODL token holders can participate in governance and suggest and contribute ideas to help develop the Nodle network.
• Staking: Investors can bring NODL tokens to staking and will receive revenue share from the Nodle network.
• Payment of fees: NODL is also used to pay transaction fees on the Nodle Network.
• Validation: Investors can stake NODL to become Validator and receive attractive rewards from this network.

NODL token Token Allocation

• Treasury: 24%
• Team: 10%
• Early Investors: 4.5%
• Service Providers: 1.5%
• Ecosystem Un-mined: 60%

Of the total NODL token supply, 60% is used for network services and as future mining rewards. The total supply is currently 8,500,000,000 NODL, but most of this is locked. The current effective floating supply of NODL is currently 550,000,000 NODL and expect that number to grow to 2,500,000,000 NODL within two years. 

Nodle Economy

Nodle is creating an open ecosystem that encourages people to deploy their own wireless connectivity infrastructure. Network Contributors will receive NODL tokens as a reward for contributing to the Nodle network through the Proof-of-connectivity algorithm. This is intended to encourage Network Contributor at an early stage, creating coverage of IoT services of the Nodle network to Subscribers.

Where can NODL tokens be bought and sold?

Currently NODL token is not listed on any exchange. However, investors can join the Crowdloan of Nodle Network by contributing DOT to be able to receive the reward of NODL. 

The project will dedicate 850 million NODL, equivalent to 23% of the total Nodle Network treasury reserves or 10% of the circulating supply, as rewards for Crowdloan participants.

The future of Nodle and should I invest in NODL tokens?

As the demand for IoT data grew exponentially, Nodle Network was created with the goal of reducing the cost of accessing those services and data. By creating a global wireless connectivity infrastructure, Nodle believes this network can help improve people's daily lives. 

In addition, Nodle Network also creates a new economic model around the connection of humanity as well as mobile devices connected to computer networks. And Nodle allows anyone to directly benefit from using the platform. Although this project is considered to be quite potential, any investment has risks, people need to do thorough research before making a decision whether to invest in this project or not.

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Discord | Youtube | Medium

summary

Above is information about the Nodle Network project and the NODL coin. With the attention of many large investment funds and the Nodle development team, they are all experienced in this field. In addition, this is a project that was launched during the downturn of the cryptocurrency market but has remained active so far. Therefore, it has partly confirmed the potential of the Nodle Network project.

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