What kind of world does Filecoin want to build?

Filecoin is a distributed network designed to store the most important information of human society. In this article, we introduce the current vision of Filecoin in the future: mainly for global networks, network storage data, storage of proof documents, and retrieval of files on the network.

^{Global Network - Break Free from Limitations}

JUST DO IT

First, centralized cloud services are not geographically dispersed across the globe, leaving billions of users far away from their data... and leaving cloud service providers to decide prices, service scope, and who can use their services.

Second, to get rid of the limitations of large centralized storage, for example, we need an open market rather than a few large companies that dominate our digital future and completely control large storage.

Finally, Filecoin can connect the world with a new storage and economic model. Regardless of the current level of connection, the Filecoin network will store data and content in every corner of the world... It can create a hyper-local and efficient storage method. Now you can finally get rid of the limitations of large centralized storage and geographical location .

^{Network Data - Competitive Selection}

JUST DO IT

As mentioned earlier in this article, the application of Filecoin to the global network can get rid of the limitations of large-scale centralized storage and geographical location, as follows: When a user wants to store data on the Filecoin network, on the one hand, the user can check the prices of online storage miners and other market prices, and on the other hand , miners compete with each other to win storage contracts, and users choose the most competitive miners.

^{File storage - proven correct}

JUST DO IT

The transaction is reached, the user sends the data, and then the miner stores the data. Miners must prove that they have stored the data correctly to get Filecoin rewards. The network verifies that the data is stored securely through cryptographic proofs. Miners submit their storage proofs to the network through new blocks and verify new blocks sent by the network. Only correct blocks will be accepted. Over time, miners can obtain transaction storage fees and have the opportunity to obtain block rewards.

^{Retrieve documents - facilitate flow}

JUST DO IT

When a user needs a file, they can search for miners that store the file. The user chooses the fastest or cheapest miner, then the user pays the miner and retrieves the file, and as more and more people need the file, it becomes more popular.

Other miners can also store and back it up, which can bring the file closer to the users who need it, and spread the data to places where it is more needed. As data flows around the world, data acquisition is constantly being optimized. From small mining machines to large data centers, everyone can work together to lay a new foundation for human information society and benefit from it.

The future of Filecoin is worth looking forward to. In the application of Filecoin, we will make all preparations, seize the opportunity, and use practical actions to prove that everything is worth our expectations! !

-over-

<<: Bitcoin ATMs double, investors in Africa and South America are enthusiastic, is it time for the crypto market to "recover"?

>>: Filecoin – Introduction to Precommit2 Calculation

Analysis of the facial features of men with thick eyebrows and loyal and righteous people

Blockchain startup CoinSciences adds 13 new members to its partner program, aiming to get more companies using blockchain technology

Cryptocurrency

What does not having a marriage line mean? It means you don’t care much about love and marriage!

What kind of world does Filecoin want to build?

Analysis of the facial features of men with thick eyebrows and loyal and righteous people

What kind of female appearance is most attractive?

Does the fork in the fate line affect your fate?

What are the facial features of women who are prone to divorce?

Blockchain startup CoinSciences adds 13 new members to its partner program, aiming to get more companies using blockchain technology

What does not having a marriage line mean? It means you don’t care much about love and marriage!

A person who is prone to playing both sides

Bitcoin surged 120% in 2016, and Chinese aunties are speculating on Bitcoin again

What does the horizontal lines on the bridge of the nose mean?

CryptoWall creator makes $325 million via Bitcoin extortion

Recommend

Wu Jihan announced Bitmain's "new values" and the S19 price was announced and sold out in 2 minutes

Judging from the other person's face whether he is arrogant or not

The nose of a woman who can marry a good husband is big like this

Is it good or bad for a woman with apple cheeks?

Will women with few vertical lines have career development?

What kind of person is likely to become a young lady?

A little story to tell you: What is the operating mechanism of Bitcoin?

What are the characteristics of a person who is prone to financial loss?

The face of a woman who can always grasp the key points when encountering difficult problems

What does a mole on a woman's sole mean for her fortune?

The fate of a woman with a flat nose. Is it good for a woman to have a flat nose?

Where does a man get a mole? Will he cheat on his wife?

Characteristics of people whose fortunes are prone to ups and downs

Litecoin mining rewards are halved. Let’s talk about historical halvings and their impacts.

Analysis of the three major factors that affect a woman's husband