Deeper Network: Proof of Credit (PoC) Mining Overview

The Deeper Network is a decentralized platform designed to improve internet security, privacy, and access using blockchain technology. It introduces a unique Proof of Credit (PoC) mining mechanism, where users can earn cryptocurrency by sharing bandwidth and contributing to the network's decentralized internet infrastructure.

How Proof of Credit Mining Works in Deeper Network

1. Decentralized Private Network (DPN):

   • Deeper Network users connect to a Decentralized Private Network (DPN) instead of traditional VPNs.

   • The DPN allows users to share bandwidth with the network while maintaining security and privacy.

2. Proof of Credit (PoC):

   • The Proof of Credit model rewards users based on their bandwidth-sharing contributions.

   • Credits are earned by:

     • Sharing unused bandwidth with the network.

     • Providing high-quality and stable internet connections.

   • The more bandwidth you share, the higher your Credit Score and mining rewards.

3. Mining Rewards:

   • Users earn DPR (Deeper Tokens), the native cryptocurrency of the Deeper Network, based on their credit score.

   • Credit scores are calculated by measuring:

     • Bandwidth usage (uploaded and downloaded data).

     • Uptime and connection quality.

4. Hardware-Based Mining:

   • Mining is done through Deeper Connect devices, which are plug-and-play hardware units.

Steps to Start Proof of Credit Mining with Deeper Network

1. Purchase a Deeper Connect Device:

   • Obtain a Deeper Connect hardware device, such as:

     • Deeper Connect Mini

     • Deeper Connect Nano

     • Deeper Connect Pico

   • Devices are pre-configured for PoC mining.

2. Set Up the Device:

   • Connect the Deeper Connect device to your router via Ethernet.

   • Configure the device using the Deeper Network dashboard.

3. Register on the Blockchain:

   • Link your device to the Deeper Network blockchain using your wallet address.

4. Share Bandwidth:

   • Begin sharing bandwidth with the network.

   • The device automatically tracks data usage for credit calculation.

5. Earn DPR Rewards:

   • As your credit score increases, you'll receive DPR tokens based on your contributions.

Deeper Network Features

1. Decentralized Private Network (DPN):

   • Functions like a VPN but operates on a decentralized network.

   • Provides enhanced privacy and bypasses geo-restrictions.

2. Ad Blocking and Content Filtering:

   • Deeper Connect devices include built-in ad blockers and parental controls.

3. Plug-and-Play Hardware:

   • Easy to set up and requires minimal technical knowledge.

4. Passive Income:

   • Generate DPR tokens by sharing bandwidth without active involvement.

Benefits of Proof of Credit Mining

1. Enhanced Privacy:

   • Securely share bandwidth without exposing sensitive data.

2. Decentralized Internet:

   • Contribute to a censorship-free internet infrastructure.

3. Earn Cryptocurrency:

   • Passive income through DPR tokens, which can be traded or used within the ecosystem.

4. Eco-Friendly Mining:

   • Low power consumption compared to traditional cryptocurrency mining (e.g., Bitcoin).

Factors Affecting PoC Mining Rewards

1. Credit Score:

   • Rewards are proportional to your credit score, which is based on bandwidth shared and connection quality.

2. Device Uptime:

   • Longer uptime results in higher credit scores and more rewards.

3. Network Demand:

   • Higher demand for bandwidth in your region can increase your earning potential.

4. Hardware Capabilities:

   • Using higher-end devices (e.g., Deeper Connect Mini) may optimize performance and rewards.

Applications of Deeper Network

1. Privacy and Security:

   • Protects user data and masks IP addresses, ensuring anonymity.

2. Decentralized Internet Access:

   • Bypasses censorship and geo-restrictions, enabling unrestricted access to the internet.

3. IoT Connectivity:

   • Provides secure connections for IoT devices through its decentralized network.

4. Content Filtering:

   • Blocks ads and malicious websites, improving user experience.

Comparison with Other Mining Models

FeatureDeeper Network (PoC)Helium (LoRaWAN IoT)WeatherXM (Weather Data)Mining MechanismBandwidth SharingIoT Device ConnectivityWeather Data ContributionTokenDPRHNTWXMHardwareDeeper Connect DevicesLoRaWAN HotspotsIoT Weather StationsFocusInternet Privacy & AccessIoT Network ConnectivityDecentralized Weather DataEnergy UsageVery LowVery LowLow

Challenges in Deeper Network Mining

1. Initial Investment:

   • The cost of Deeper Connect devices may be a barrier for some users.

2. Geographic Impact:

   • Rewards may vary based on network demand and regional bandwidth usage.

3. Learning Curve:

   • Although plug-and-play, some users may need time to understand blockchain registration and wallet setup.

Conclusion

Deeper Network's Proof of Credit (PoC) mining provides a unique and eco-friendly way to earn cryptocurrency while contributing to a decentralized internet. By sharing bandwidth and enhancing global internet access, users support a privacy-focused infrastructure while earning passive income in DPR tokens. With its combination of decentralized technology, hardware mining, and blockchain incentives, Deeper Network is paving the way for a more open and secure internet.