Deeper Network: The Big Picture For The World’s Biggest Future Decentralized Private Network
The centralized architecture of the Internet, increasing censorship by authoritarian regimes and the rising demand for unscrupulously gained consumer information has led to the compromising and occasional trampling of almost every web user’s right to free information and data privacy.
This has launched a new generation of startups into a headlong pursuit of realizing the original vision of the Internet by building out a fully decentralized web, also known as Web 3.0.
Of these projects, none are as ambitious in their scale and end goals as Deeper Network, the Web 3 company building a fully decentralized private network that runs on its record-breaking proprietary hardware devices and rewards its node operators with native crypto assets.
Built around the concept of a decentralized internet ecosystem with the aim of helping users reclaim data sovereignty, Deeper aims to build a new global security infrastructure made for the people, by the people.
Deeper Network’s solutions include a Decentralized Private Network (DPN), Decentralized Gateway, DApp Store, and of course several Deeper Connect hardware devices that allow users to seamlessly connect to the Internet privately.
The Deeper Network currently boasts over 20,000+ nodes, with a first target of 100,000 nodes on track thanks to initiatives like August 2021’s ambitious Genesis Node Mining Event that will continue to push the rollout of new nodes in every corner of the world.
The concluded Genesis Node Mining event will allow users to monetize their DPN devices and possibly win free limited edition genesis node miners by staking the network’s native DPR asset.
The Genesis event with incentivized network nodes is only the first step though in Deeper’s incredible long-term roadmap.
When the mainnet launches within the next month, all hardware units will soon after be able to mine at a basic capability, building out a massive new decentralized network where a confluence of new innovations in the realms of cybersecurity, Web 3, DeFi and even NFTs will propel it forward into its final form as the biggest, most secure and well-connected distributed network in the world.
Got your attention? Good.
With so much happening in the Deeper Network ecosystem on a weekly basis (follow the official Telegram channel here) and new users flocking in, it’s a good time for both early adopters and newcomers to take a time out and look at the big picture of what Deeper Network is, its core products, values and goals, and where it is heading.
Let’s start with the recent Genesis Node event and then work it back. As its name would suggest, we’re only at the start of things.
What was Deeper’s Genesis Node Mining Event?
In early August 2021, Deeper Network successfully concluded its first phase of the Genesis node mining event, a new staking opportunity that serves as the Silicon Valley project’s initial step towards a truly decentralized web in the preamble to its end-of-month mainnet launch.
Deeper Network kicked off the long-awaited mining program on July 27, 2021, and has allocated 60% of the DPR token supply for mining incentives. With up to 90% in APR on offer for staking between 20,000 to 468,000 DPR, on an 8-level sliding scale of increasing rewards, as well as a free gold-plated DPN miner up for grabs, the demand for DPR saw a supply shock with the price of the token jumping over 300% in the span of a week. This came after DPR was voted the Number 1 most undervalued cryptocurrency by GemHunters based on the metrics of social engagement, market cap and project potential.
Users were incentivized to register for the whitelist for the chance to be selected as one of the first genesis node operators. For phase 1, the top 1,000 genesis whitelist participants will be receiving a special edition 24K gold-plated genesis node miner. They will become the first miners to access the Deeper Chain and enjoy DPR rewards for their bandwidth contribution. More than 50,000 community members took part and staked a total of 156.63 million DPR tokens.
The second phase of the Genesis event, which began on the 4th of August, will award 2,000 whitelist participants with silver-plated genesis node miners.
Note that mining DPR can also be done through other Deeper Connect devices, though a minimum period will be required before DPR rewards can start to be accrued.
Deeper devices are known for their incredible low-energy consumption. Each device consumes less than 15 watts of electricity, which makes it a profitable and green mining opportunity.
What is the Deeper Network (DPR)?
Deeper Network is a decentralized internet infrastructure for Web 3.0 that aims to build a peer-to-peer ecosystem that merges blockchain and network security to achieve a more secure, private, and fair internet for all. It is working with Polkadot as one of its Substrate Builders to help lay the foundational infrastructure for the decentralized web.
Deeper allows users to access the web with utmost privacy and security or share their bandwidth with other members of the network’s DPN. In addition, users can earn DPR tokens as a reward for contributing to the network.
The platform runs on Deeper Chain, a decentralized public blockchain designed to have high efficiency and security, as well as low energy consumption.
The protocol is governed on-chain in a decentralized model where each member of the network is given a weighted vote, which prevents its monopolization by a select group of individuals. Moreover, the protocol keeps a record of the bandwidth users have shared throughout the network and credits it to them.
How Deeper Network Started
Deeper Network is a technology company founded in Silicon Valley in 2018 focused on creating a more decentralized web for everyone. It began with the development of Deeper Connect, a device that is now popular among users seeking privacy and security for their digital footprint.
In 2019, Deeper launched the test net of its new consensus algorithm that would later lay the groundwork of its DPR mining feature. It went from 1000+ users with 200+ paying nodes to more than 20,000 nodes at present.
The project aims to eventually achieve net neutrality and uphold private and secure access to the uncensored internet by merging private networks and blockchain technologies.
Deeper Connect and Deeper Connect Mini
Deeper Connect is the network’s first hardware product designed to provide a blockchain-powered secure internet gateway. It is a plug-and-play device that lets users access the web privately, securely, and with peace of mind.
The product attained a successful crowdfunding round campaign of $3 million on Indiegogo at launch and sold over 10,000 units on Amazon, Best Buy, and Indiegogo.
Deeper Connect Mini is the team’s new flagship project, which is a 4th generation device that is considerably smaller in size but has better performance than its predecessors. It offers an enterprise-grade firewall that prevents any spyware, malware, and tracker that could record and compromise any internet user’s data.
The Connect Mini can also perform fast data exchanges through a data packet infrastructure enabled by its proprietary AtomOS. It also addresses the single point of failure found on traditional VPNs by distributing data to a decentralized network of nodes.
Other Deeper hardware devices include the Deeper Connect Nano, PICO and soon Deeper Connect LoRa antenna which will mine Helium tokens (HNT) making Deeper Connect devices dual miners.
Decentralized Private Network (DPN)
The DPN is a peer-to-peer bandwidth sharing ecosystem powered by the Deeper Chain that enables users to share their idle bandwidth with other members of the network. These contributions, in turn, earn them mining rewards in the form of DPR tokens.
The DPN runs a distributed and server-less network where no user can be traced, tracked, or hacked while using it. Instead, it is powered by node operators who can act as either clients or servers to earn DPR tokens.
Decentralized Web (DWEB)
Deeper’s Decentralized Web was conceptualized to provide the foundational infrastructure for Web 3.0 with the help of a decentralized DNS (dDNS) and decentralized CDN (dCDN). This empowers everyone to access information from a censorship-free internet, without compromising on speed.
Users will be able to create their own websites and launch them on the Deeper Network, which will allow them to establish censorship- and DDOS attack-resistant web servers thanks to the hidden IP address feature.
Decentralized Gateway (DGATE)
Users can access more third-party DApps through Deeper devices on its Decentralized Gateway (DGATE), including decentralized finance (DeFi) apps and other services provided by Polkadot, which brings more utility to Deeper’s hardware DPNs beyond providing secure access to decentralized networks.
Proof of Credit (POC)
Proof-of-credit (PoC) is Deeper Network’s consensus mechanism that is similar to Ethereum’s Proof of Stake (PoS) model since it doesn’t rely on complex mathematical equations like Bitcoin’s Proof of Work (PoW).
Instead, PoC utilizes validators that have voting power that is dependent on their credit score and the amount of tokens they have staked. Their credit score is provided by the devices and solutions of Deeper. The more they contribute to the Deeper Chain, the larger their share of the mining rewards distribution.
PoC also enables the network to be resistant to various forms of security breaches such as 51% attacks, Eclipse attacks, and Sybil attacks.
Deeper Token (DPR)
Deeper Token (DPR) is the network’s native utility token that can be used to stake or purchase bandwidth from the protocol’s peer-to-peer sharing economy, or as a store of value. There are a total of 10 billion DPR tokens issued by the founders, which are allocated to mining rewards, private token sales, market operation, and others.
Note that Mining DPR can easily be done through Deeper’s various mining products.
Conclusion
Deeper Network is a groundbreaking project that’s heralding in the decentralized web and addresses numerous issues found in the centralized internet through a comprehensive infrastructure that keeps your browsing activity safe from on-lookers. Beyond being a DPN, Deeper also lets you get in on the latest DeFi and NFT action through its dApp gateway.
The launch of the Genesis Mining Event marks the actual utilization of Deeper’s entire ecosystem, including all DPN hardware, Deeper’s core technologies such as AtomOS, the world’s first lock-free network operating system, the Deeper Chain, Trident Protocol, and the PoC consensus mechanism in the real world.
