Miners who are anxiously waiting for the launch of Filecoin mainnet, do you understand all of this?

Several key points that IPFS & Filecoin miners must know:

It was founded by Protocol Labs in 2014. Due to the solid technology and grand blueprint of its founder Juan, the startup incubator Y Combinator favored it.

A few years later, Protocol Labs launched Filecoin, an incentive layer blockchain project that matches the IPFS protocol. According to data, from the birth of the project to June 2017, IPFS network operators have stored more than 5 billion unique content files, and the data is continuing to grow.

After seven years of development, the IPFS storage network has now grown into a global distributed storage option, and the Filecoin blockchain mainnet is likely to be officially launched in mid-to-late August this year. At present, my country's blockchain and digital asset industries have always paid close attention to the progress of IPFS technology and ecology!

important.

Blockchain itself is a technology that integrates distributed storage, asymmetric encryption and consensus algorithms. The distributed storage solution based on blockchain technology is similar to the BT protocol technology in that both files to be stored are fragmented and stored on each node. In this solution, blockchain technology perfectly surpasses centralized servers because of its characteristics of data encryption and privacy protection, and non-tamperability brought by decentralization. Many scholars believe that IPFS is the highest development form of blockchain.

The disadvantages of HTTP are as follows:

The IPFS model creatively avoids the shortcomings of HTTP:

According to statistics, in 2019, the IPFS public network grew 30 times. Google Chrome, Firefox, D.Tube, IPWB, Ethereum, Origin, etc. joined the IPFS network. Today, IPFS is storing valid data for the world at a rate of 2.5EB/day.

Developers continue to contribute to the open source protocol, users continue to upload files to IPFS, and dApp developers continue to leverage its network to store data. In just over four years, IPFS has established itself as a key infrastructure for the decentralized Web. Currently, there are several mature applications based on IPFS, including the OpenBazaar store, the Brave browser, the Peerpad collaborative editor, and more.

Filecoin stimulates the long-term operation of nodes through storage, retrieval, and block rewards to better serve the entire network ecosystem. Of the total issuance of 2 billion FIL, miners’ rewards account for 70%, Protocol Labs receives 15%, public and private investors account for 10%, and the foundation retains 5% for ecological development.

Filecoin's issuance speed is divided into three parts: 50% of miner rewards will be issued within six years; the foundation and protocol labs will release linearly within six years; and investors will be distributed within one year.

Storage market: The Filecoin storage market is a verifiable market that is verified by the blockchain network. In the Filecoin storage market, customers put forward the demand for data storage, and the storage providers are storage miners who provide their storage space. Storage is not a one-time service and requires stability and continuity from the storage provider. Storage providers can get rewards in three ways: transaction fees; block rewards; network transaction acceleration fees. Transaction fees and network transaction acceleration fees are paid by customers in advance, and block rewards are generated by the system.

Retrieval Market: The Filecoin retrieval market is an off-chain market that provides data required by clients for retrieval, and the retrieval service is provided by the retrieval party. The retrieval party does not participate in the block generation process and directly obtains the corresponding service fee from the client. The data source of the retrieval party can be from other clients, storage parties or IPFS network.

As a top-level project that went online in 2015 and completed huge financing in 2017, IPFS and Filecoin networks will finally enter a new chapter of mainnet launch this year. In the past few years, the blockchain and digital asset industry has developed and iterated a prosperous ecosystem around IPFS and Filecoin.

Filecoin is different from other cryptocurrency projects. Filecoin is based on the storage /retrieval market and is a real currency with real value . The explosive growth of data in the future and the shortcomings of the HTTP protocol that are difficult to make up for are a good opportunity for the development of Filecoin. The future will tell us that Filecoin is what everyone wants !