What is the hottest Filecoin in the past two years?

Filecion is a distributed network used to store important information about human society, mainly used for global network data, storage of supporting documents, retrieval of files on the network, etc. Filecoin is the token of IPFS and is the incentive layer. IPFS is what makes FIL valuable.

FIL in turn helps promote IPFS.

Filecoin is a decentralized storage network powered by a blockchain and native token. It turns cloud storage into an algorithmic marketplace where miners earn the native token (also known as the "filecoin" symbol FIL) by providing customers with data storage and retrieval. Instead, customers pay FIL to hire miners to provide storage, distribution, and retrieval of data.

As a blockchain-based distributed storage protocol, Filecoin is mainly used to solve the problem of data storage and reduce the cost of data storage and use. At the same time, Filecoin is an incentive layer that runs on IPFS, providing a huge distributed storage space for IPFS, solving the low-cost, high-performance storage problem of the IPFS network.

At the application level, it has a fourfold value:

1. Replace the traditional proof of computing power.

Computing power is the main means of calculating the contribution of miners in the blockchain system, while the traditional consensus computing power mechanism has problems such as waste of computing resources and serious energy consumption. The Filecoin protocol fundamentally circumvents the drawbacks of traditional blockchains and instead incentivizes miners to invest more storage and network bandwidth.

2. Schedule global storage space resources.

There are a large number of unused storage devices in the world, and under the Filecoin incentive system, the global storage resources to be used will be effectively mobilized to achieve the rational allocation and utilization of resources, thereby reducing the cost of data storage and transmission.

3. Dispatch global network bandwidth resources.

As with storage, there are a lot of underutilized bandwidth resources in the current framework of Internet technology. The Filecoin protocol can harness this value to rebalance the allocation of network resources and reduce the cost of using the network.

4. Promote technological innovation and development.

The emergence of Bitcoin has effectively promoted the progress of the global chip industry. The same is true for the Filecoin project, which will effectively promote technological innovation and manufacturing in the storage device industry, as well as the expansion of network bandwidth.

Filecoin is a token on IPFS, and Filecoin is a way to reward miners by contributing idle hard drives. Filecoin uses a new algorithm (proof-of-work), which simply means that the more hard drive you have, the more Filecoin rewards you get. Filecoin promotes the development of IPFS through economic incentives, and the Filecoin network needs IPFS to provide ecological support for the development of its market.

The more the IPFS network is used, the greater the demand for Filecoin; The more filecoin miners there are, the greater the support for the IPFS network. So IPFS and Filecoin have formed a symbiotic relationship. Filecoin was born to support the development of IPFS, which also needs Filecoin to enrich its ecosystem.

The more IPFS is used, the greater the demand for Filecoin; The more filecoin miners, the greater the support for IPFS. fil

What is IPFS Filecoin? What is the reward staking for filecoin blocks?

Filecoin is a token on IPFS, and Filecoin is a way to reward miners by contributing idle hard drives. Filecoin uses a new algorithm (proof-of-work), which simply means that the hard drive you have is large enough, the more Filecoin rewards you get.

The IPFS data structure is very simple, but it can be very powerful, it is an immutable data store, much like a blockchain.

Filecoin is mining your idle hard drive, and the underlying layer of Filecoin is the blockchain. So there are a few things to do in mining:

1.Storage.

2.Trade.

3.Retrieval.

1.Proof of copied data, packaged transactions.

2.Packing blocks.

It's also about speed, and whoever gets users to accept the content more quickly will get a higher profit. Therefore, whoever has faster bandwidth and more powerful hard drives will have a greater advantage. In addition, the consensus mechanism plays an important role in the capacity of the hard drive, which is completely different from Bitcoin.

The Filecoion project can be thought of as an incentive system that runs on the IPFS network. fil is a token issued by the filecoin project based on the filecoin public chain, the full name is filecoin, the Chinese name is file coin, and the symbol is fil.

Filecoin was developed by Protocol Labs and its CEO, Juan. A project initiated by Bennett, a cryptocurrency and digital payment system for the masses, is a decentralized storage project developed based on the IPFS system. What is IPFS?

Filecoin consists of a blockchain, a retrieval node, a storage node, and a native token (Filecoin). Storage nodes are miners, and all storage miners must participate in the Filecoin mining protocol by committing to storage, submitting collateral, and abiding by proof-of-time (POST). POST allows any member of the network to verify that the storage provider is fulfilling its duties:

Store outsourced data for an agreed period of time. To prevent bad actors from trying to store fewer copies of data than they store, Filecoin also has a proof-of-replication (POREP) mechanism that requires miners to prove that they are storing the data they say they are storing them.

The system design allows users to rent storage on available devices using the network's native cryptocurrency, filcoin. Customers spend filecoins to share and retrieve data, and conversely, miners earn filecoins by storing and providing data. To incentivize miners to invest in storage rather than computing power, the probability that the network chooses a miner to create a new block is proportional to the storage currently in use that is relevant to the rest of the network.

Filecoin solves the storage problem of IPFS by providing a large number of nodes around the world, while also having a huge distributed storage space.

Filecoin was funded through the presale and initial coin offering (ICO) sales of 200 million Filecion, $52 million and $100 million, respectively.

During the Initial Coin Offering (ICO) in August 2017, the project sold SAFT (a simple protocol for future tokens) through Coinlist as a future requirement for Filecoin tokens once the project went live. The ICO lasted for a month and was the largest fundraising ICO to date, with an investment of US$100 million, or about 2 billion yuan.

Filecoin is a token of IPFS, an incentive layer that draws on the latest advances in cryptography and blockchain technology to make this idea a reality. It uses: blockchain, native cryptocurrency, publicly verifiable proof of storage, storage contracts with collateral, algorithmic marketplaces that ensure efficient pricing, payment channels that enable micropayments and reduce transaction costs, and much more.

Judging from the existing progress, in fact, IPFS has been widely used at home and abroad in just 5 years since it was launched, and it can be popularized so quickly in a short period of time in the absence of an incentive layer, which is enough to show the potential and market demand of IPFS as a distributed protocol technology. As an incentive layer of IPFS, Filecoin Coin allows the project team to better implement the concept of distributed storage, so that ordinary people have the opportunity to participate in the construction of a distributed storage network.

FIL can be understood as an incentive layer of IPFS, they influence each other, one of them leaves, and the other party will have difficulty developing.

IPFS token, if you want to get this coin, you must first buy a regular mining machine, IPFS mining machine such as the head mining machine manufacturer such as Fire Thunder God IPFS. The mined Filecoin coins are then sold on an exchange and realized.

A total of 2 billion Filecoin will be issued, and the distribution plan will consist of four parts:

70 Rewards to miners: i.e. IPFS miners can mine 1.4 billion Filecoins, 70% of which is used to provide data storage services, maintain the blockchain, etc. (1.1 billion Filecoin) as a current storage miner reward, released in the form of a halving every six years.

This is divided into two parts, simple release and baseline release, of which 30% is simple release and 70% is baseline release, which is the total amount of filecoin produced by the entire network every day, about 350,000 filecoins; Simple release decreases over time, while baseline release is dynamically released based on the increase of computing power on the entire network. Another 15% is reserved, which will be distributed by the community in the future, and may be used as a reward for retrieving miners or repairing miners. The miner reward is equivalent to the actual daily output of users who participate in the IPFS service of World Wide Cloud.

15 for Protocol Lab: for research and development, deployment and maintenance, business development, marketing, etc. Mode: 6 years linear release.

10 For investors: to fund network development, business development, partnerships, and other support. Method: Linear release from 6 months to 3 years according to the investment situation.

5 For ** meeting: for long-term network governance, partner support, academic grants, public works, community building, etc.