As of edition 24, we’ll only share the Weekly via email and TF News, so make sure to subscribe via the respective buttons on the top-right corner of our website.

Community Updates:

• YouTube influencer Tactical Investing featured ThreeFold in a new video and shared the potential of ThreeFold farming with his community of 82.3K subscribers. Watch it here!

• You’re going on vacation but don’t know how to check on your 3Nodes? Read the community-sourced tips and tricks on how to secure and maintain your TF farm while you’re away.

• Did you already check out the new ThreeFold Video Gallery? It’s a collection of all video material available on ThreeFold – from deep dive sessions to DIY tutorials and more!

Technology Developments:

• TF Chain was updated to the latest version of Substrate on devnet. This will facilitate further development and allows us to get code reviews from the Parity team.

• We now have a new peer list available for the Planetary Network which you can use to access the end-to-end encrypted peer-to-peer global overlay network.

• Start testing ThreeFold Grid V3.6.0 live on testnet. Check out the full release with actionable tips for testing here!

ThreeFold Grid:

• Take a look at this actionable guide for deploying workloads on the ThreeFold Grid, shared by all-star farmer Mik, and get started today!

• Migrate your 3Nodes to V3 asap by following the simple steps of the migration process.

• Global Titan shipping continues, so don’t forget to provide all information for your Titan order to ensure quick delivery.

See you next week, ThreeFolders! 🙌

If you’re a community member interested in sharing your story or being featured in ThreeFold content, please reach out!

You can find the previous editions on our blog. For older editions of ThreeFold Weekly (Vol 1-11), go to our forum.

The ThreeFold Team was in Austin, Texas, in June to share our vision for a decentralized Internet as an exhibitor and sponsor of Consensus by Coindesk. The four-day conference attracted over 20,000 people who explored conversations on topics like decentralization, blockchain, crypto, Web 3 and more. The ThreeFold team shared our “planet first, people first” vision and story with hundreds of attendees who visited our conference booth to learn about ThreeFold – leading to new community members, farmers, token holders, and partners. 

Co-founder Adnan Fatayerji conducted several media interviews and found that our story resonated well – after all, Consensus is the Festival for the Decentralized World. Nevertheless, many of the other projects at Consensus are still using centralized infrastructure for hosting. We shared the potential for ThreeFold as the foundation to make a truly decentralized world a reality. Already, independent people and organizations from 80 countries and counting are connecting decentralized Internet capacity, bringing to life this new infrastructure.

“As the Layer 0 for Web2/3/4 or 5, we came to Consensus with open arms and in the spirit of collaboration and that’s exactly what happened. We made friends and connected with the projects out there that are truly moving the needle of ‘Trust’/Web3 forward. We look forward to nurturing these incredible partnerships on ThreeFold’s foundational layer and to scale ‘Digital Trust’ in all its forms towards mainstream adoption.” – Adnan Fatayerji

Bringing the Sovereign Internet to Austin

Together with some of our Austin friends, we gathered with 45 like-minded people at Casa de Luz, a spiritual and wellness retreat, to launch the first sovereign Regional Internet in Austin, Texas. All of us shared our own stories and reasons for attending. Then we explored the opportunities, benefits and next steps for Austin to establish its own truly self-sovereign regional Internet.

We found shared values among a group of open, inspiring, passionate and like-minded individuals who formed this founding group. Austin has long been a hub for innovative thinkers and high-tech companies. Austin has a strong connection to and respect for nature. Austin is aligned well with our planet-first, people-first philosophy.

We believe that, together, we’re strong enough to build new regenerative systems powerful enough to enable anyone to have a sovereign, safer and more fulfilling life. And we’re honoured to be working with the people of Austin in the global rollout of the Internet of Internets. We’re now looking to launch the first 3Nodes there to lay the foundation of Austin’s sovereign Regional Internet.

We’ve spent a truly incredible week in Austin, spreading the word about ThreeFold, forming meaningful connections and finding a new home. Thank you, Austin!

“It’s been inspiring to meet everyone at Casa de Luz! Feeling so grateful for the opportunity to build Austin’s sovereign Internet together!” – Sacha Obeegadoo

“It was such an honor. I’ll never forget that day. We’re going to do something really beautiful!” – Sam Taggart

“Connecting with the beautiful community of the good people of Austin was absolutely amazing. We really felt at home and Austin is a true freedom vortex in the US where people truly value their free spirits and the importance of staying resilient and independant. We could not have dreamt of a better place to start the Internet of Internets in the US and create the first local internet. Keep it weird Austin!” – Florian Fournier

Next steps

The founding gathering in Austin was just the beginning. Building meaningful relationships with local communities to start the next few Regional Internets will be a big focus for the ThreeFold ecosystem in 2022. Therefore, we’ll be travelling to various places across the globe to connect the dots in the upcoming months.

After entering a partnership with Paradise Hills to build the first Community Cloud, planting the seeds for the first Regional Internet in Austin represents another crucial step in our journey to create the Internet of Internets – a glocal model that is infinitely scalable. So, the next few months will be vital for our expansion phase and for building a better future for all of us.

Together, we’re building a better Internet by and for the people, the foundation for a better world. An Internet to regenerate our planet and to empower the collective – the many and not the few.

So, we’re proud to join together to build the future we want to live in – whether by building or buying a 3Node, by buying the ThreeFold Token (TFT), or by helping us bring the sovereign Internet to your community or region.

New to ThreeFold? Join the movement now and learn how to be the Internet.

ThreeFold will also host a gathering outside of the Convention Center. We will share more via our Telegram News Channel when the details are finalized, so stay tuned.

ThreeFold is more than an Internet. It is the foundation for a truly decentralized world. Are you ready to join the global ThreeFold movement?

Check out the full Consensus agenda and take advantage of our 25% discount code to buy tickets.

And don’t forget to let us know if you’ll be joining ThreeFold at Consensus – we’d love to connect with you!

Join the ThreeFold movement, a community of like-minded people that build the world of tomorrow!

• Learn how to host the Internet at your home or office.
• Get TFT, the currency of the peer-to-peer Internet.

Since the launch of ThreeFold Grid 3.0, TFT has been available on three blockchains – Stellar, Binance Smart Chain and the Substrate-based ThreeFold Blockchain (aka TF Chain).

There are already active bridges that connect Stellar to Binance Smart Chain and TF Chain, improving the accessibility and availability of TFT, while also connecting the ThreeFold ecosystem to external blockchain networks.

Learn more about TF Chain in our blog post here.

What are bridges and why are they important?

The concept of bridges in crypto is similar to a bridge in the physical world. Bridges in the real world simply connect two different locations and communities so that the people can travel back and forth and resources can be exchanged freely.

Similarly, using bridges in blockchain allows users to easily transfer tokens and other crypto assets between two or more networks – regardless of the different protocols, tooling, and governance models these networks have. Simply put, a bridge ensures a secure interoperability between different blockchains.

ThreeFold uses blockchain bridges to connect external blockchain networks to the ThreeFold ecosystem. The bridging mechanisms we’ve implemented allow TFT to be transferred securely between different blockchains. Currently, we’ve established two 2-way bridges:

• Stellar <> Binance Smart Chain
• Stellar <> TF Chain

But what is the difference between the 3 chains?

Stellar is an open-source network for storing and moving digital assets, and still remains the main blockchain for the minting of TFT and distribution of farming rewards. Until the launch of TF Chain with Grid 3.0, only TFT living on Stellar were accepted for the reservation of Internet capacity on the ThreeFold Grid. 

Binance Smart Chain (BSC) is a standalone, parallel Binance chain that is a leading DeFi ecosystem next to Ethereum. On BSC, TFT is implemented as a cross-chain asset, allowing anyone to connect to the bridge using Metamask or Trust Wallet – the most popular Web 3 wallets in the world.

TF Chain was built on the Substrate framework with the purpose of decentralizing user-farmer relationships on the ThreeFold Grid. It has its own native form of TFT, which can be bridged back and forth from Stellar-based TFT. This model will be implemented for other chains in the future, for interoperability and cross-chain features between blockchain and DeFi ecosystems and the ThreeFold Grid.

What’s new with TF Chain?

TF Chain represents a leap forward for simplicity in payments for capacity reservations and a move towards greater decentralization of the systems that support the ThreeFold Grid. With the launch of ThreeFold Grid 3.0, TF Chain became the official record of ThreeFold farms and nodes, and brought peer-to-peer billing based on smart contracts for workload deployments on the ThreeFold Grid. 

For now, minting will remain on Stellar but reservations of nodes and capacity on ThreeFold Grid 3.0 are already executed via TF Chain. Bridges were established between Stellar and TF Chain to facilitate payments, e.g. if you pay for a workload deployment in Stellar TFT, this payment needs to be bridged to TF  Chain’s native TFT to fund the smart contract.

The two-way bridge between Stellar & BSC 

Until recently, the bridge between Stellar and Binance Smart Chain (BSC) was one-way only: from BSC to Stellar. Even though it was possible to transfer TFT from Stellar to BSC via  command line, this was only an option for tech-savvy people. Now, you can also deposit TFT from Stellar to BSC using the bridge with a proper UI, as you can see in the image below.

When depositing from TFT Stellar, please be sure that both addresses and memo are as indicated in the instructions or the TFT you transfer will be lost forever. To facilitate the process, a QR code is generated and can be scanned using the ThreeFold Connect app, automatically filling in the right address and memo on your behalf.

As Binance Smart Chain is a more expensive chain, a fee of 50 TFT will be automatically charged for the bridge from Stellar to BSC. Find the full step-by-step guide for the Stellar-BSC bridge here. 

What’s next? 

As the ThreeFold ecosystem continues to grow, we’re looking into building more bridges (e.g. Cosmos, Ethereum) to improve the accessibility of TFT and simplify the onboarding of blockchain and DeFi projects on the ThreeFold Grid. TF Chain will play an important role in the further development of the People’s Internet, so give our blog post on TF Chain a read here. 

Try out the Stellar-BSC bridge here and visit our forum to share your experiences.

• ThreeFold Forum
• ThreeFold Main Chat
• ThreeFold Farmers Chat
• ThreeFold Testing Chat
• ThreeFold Foundation GitHub
• ThreeFold Tech GitHub