$Nodle is a connectivity provider for the Internet of Things. The company has built a Bluetooth Low Energy - powered network to help companies and cities connect and collect data from their devices, sensors, and tags.
Nodle brings an innovative solution which enables any individual to participate in the Nodle Network and in exchange to be rewarded through Nodle Cash. Up until now, the main traction is coming from app developers, today any individual will be able to mine with their Nodle mobile application. This innovation should enable the spreading and adoption of the Nodle cryptocurrency to another level.
The Nodle network rewards users based on which wireless data packets are transmitted through the network of nodes (smartphones). These packets are comparable to a beacon and are called “noodles” in Nodle internal system. Nodle may reward the first few nodes that show a new packet, paying more or less depending on the value of the packet. In order to guarantee that Nodle is faithful to its mining model, Nodle has inserted a validation protocol which guarantees the order of arrival of the beacons.
How does Nodle work?
The Nodle Network`s architecture and system design leverage what is called “The Smartphone Infrastructure”, utilizing smartphones as nodes and base stations for the network. The team at Nodle has developed an innovative way to grow the network through “proof of connectivity”. Using this method, mobile application developers and consumers compete and participate in the network by enabling their smartphones to provide resources such as wireless radio and bandwidth, and in exchange for their contribution, get rewarded with Nodle Cash.