Ryan and Judge from Talk Polkadot interview Jay Goldberg, CFO of Nodle. The group chats about Nodle, parachain auctions, Nodle's benefits to business and the environment, along with other blockchain and Polkadot topics.
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 that 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 the 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 that guarantees the order of arrival of the beacons.