Ten things to know after the launch of Filecoin mainnet

Ten things to know after the launch of Filecoin mainnet

At 22:44 Beijing time on October 15, the Filecoin network officially transitioned from the Space Race network to the Filecoin main network. The launch of the Filecoin main network is an important step in the long march of distributed storage networks. It is a milestone in the development of IPFS and the Filecoin network . Since the launch of the Filecoin main network, what important progress has the Filecoin network made? Let us take a look.




imToken wallet supports Filecoin


Before the launch of the Filecoin mainnet, the imToken wallet had completed all the development functions of Filecoin and entered the final testing and security audit stage. After the launch of the Filecoin mainnet on October 15, Filecoin became the eleventh public chain supported by imToken. Previously, imToken has supported ten public chains including ETH, BTC, ATOM, EOS, TRX, CKB, BCH, LTC, KSM, and DOT.


imToken is a decentralized wallet that manages multi-chain assets. FIL users can manage their own FIL in the imToken wallet . With the subsequent iterations of Filecoin, the imToken wallet will continue to improve various related functions.


Currently, wallets that support FIL include MathWallet, Create React App, etc.   The support of more wallets (especially multi-chain wallets) will help to connect the ecosystem between Filecoin and other high-quality public chains and promote the development of the Filecoin ecosystem.


 

Filecoin Liftoff Week


As Filecoin's official blog said, the Filecoin mainnet is online and it's time to celebrate. "Filecoin Liftoff Week" is an event to celebrate the launch of the Filecoin mainnet. Filecoin Liftoff Week is a community-planned event, lectures, seminars and symposiums. People such as Juan, founder of Protocol Labs, Lubin, co-founder of Ethereum, and Olaf Carlson-wee, founder of Polychain Capital, all participated deeply and delivered speeches.


Filecoin Liftoff Week is held over five days (October 19-23, 2020). The theme of each day is different. From the background of Filecoin's creation to the development of Filecoin's economy, to Filecoin's solutions and future prospects, we can listen to many people's insights.



Slingshot enters Phase 2


Filecoin Space Race 2 Slingshot stored 500TiB+ of data and unlocked a 50,000 FIL prize pool. The first phase of Slingshot ended on October 21. Currently, the competition has entered the second phase.



Announcing new collaboration with ConsenSys Labs

Protocol Labs and ConsenSys Labs have entered into a new collaboration. ConsenSys is one of the most trusted application software in the Ethereum ecosystem. Its complete product portfolio serves millions of users and is capable of providing billions of blockchain queries, which is one of the main reasons why the Ethereum ecosystem emerged in 2015.

The new collaboration between Protocol Labs and ConsenSys Labs brings together the Filecoin and Ethereum ecosystems to drive the next generation of the web. By leveraging the capabilities in the ConsenSys product suite, Filecoin miners, developers, and network users can seamlessly integrate with the Ethereum ecosystem, and users of the Ethereum system can also seamlessly integrate with the Filecoin ecosystem. This is a reflection of Filecoin's ability to serve as the underlying infrastructure of blockchain, and an increasingly prosperous Filecoin ecosystem is taking shape.


The latest progress of Filecoin's four major implementations


Filecoin has four major implementations, namely Forest, Fuhon , go-filecoin, and Lotus created by Protocol Labs . These four independent protocol implementations can help and protect the network when it is launched. On October 20, Beijing time, the Filecoin official blog introduced these four implementations in detail and updated the latest progress of these four implementations.


Lotus 1.1.0 version upgrade completed


In the early morning of October 21st, Beijing time, Filecoin official momack2 announced in the slack channel that Lotus 1.1.0 version has been released. Miners must upgrade before the block height reaches 170,000 (estimated to be 6:40 on October 23rd, Beijing time) otherwise they will lose synchronization with the chain. The main highlight of this version is the passage of the FIP-4 proposal, which means that 25% of the block rewards for storage miners can be released immediately.
 

At 06:50 Beijing time on October 23, the block height reached 170,000, and the Lotus 1.1.0 version upgrade was completed. 25% of the block rewards for Filecoin storage miners were released immediately, and 75% of the block rewards were still released linearly according to the 180-day requirement.


Filecoin AMA Q&A

At 11:00 Beijing time on October 21, Filecoin officially held the first AMA Q&A event since the launch of the Filecoin mainnet, answering more than 20 questions about Filecoin launch, cryptoeconomics, and Filecoin mining.


CoinList provides FIL lending services


On October 22, Beijing time, CoinList’s official Twitter account announced that it will launch a FIL lending service. Borrowing FIL on CoinList can earn an annualized return of 12%. The minimum loan amount is 250FIL, and the loan term is 3 months. At the end of the 3-month FIL loan period, the principal and interest of FIL will be calculated. According to today’s economic model, the demand for FIL lending is relatively strong. With the development of the Filecoin ecosystem, more and more related lending applications will be developed, and DeFil (FIL+DeFi) will also increase the demand and usage of FIL.


Filecoin has accepted Internet Archive database files

On October 23, Beijing time, Molly, a core member of Filecoin, tweeted that the mainnet has been able to migrate all the very important open data on the Internet Archive database to the Filecoin network, which will include thousands of movies and audiobooks with extremely rich content. After the mainnet is launched, Filecoin gradually carries its historical mission, preserves precious and useful data in human history, and lays a foundation for sustainable development for the development of human information society.


Lotus v 1.1.1, v 1.1.2 version upgrade

On October 24, Beijing time, the Filecoin network was upgraded twice in succession. Among them, version v 1.1.2 can fix the problem of miner key changes in version v1.1.1. Officials called on miners to upgrade to lotus v1.1.2 as soon as possible, because this version fixes the miner's nodes and potential network problems that miners may encounter, which can bring a better experience. The continuous optimization of the lotus version has also brought us a continuously improved and more perfect Filecoin.


Investors who want to know more about IPFS and Filecoin can contact the IPFS China Community Operations Officer ( WeChat ID: chuanzhang129 ).

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