FIL- Introduction Details
Filecoin is a token on IPFS, and Filecoin is a way to reward miners by contributing idle hard drives. Filecoin uses a brand new algorithm (Proof of Work). Simply put, if you have a large hard drive, the more Filecoin rewards you get.
What is IPFS?
The full name of IPFS is Inter Planetary File System, which is generally translated as "Interplanetary File System". It was proposed by Protocol Lab and is a peer-to-peer (P2P) distributed file system.
But although it is a file system, a technology used to store data, IPFS is more precisely a transmission protocol. IPFS regards HTTP as its opponent, and must be benchmarked against HTTP in publicity, and HTTP (Hypertext Transfer Protocol) is currently the most commonly used transfer protocol. If we want to find the content we want on the Internet, we need to enter the URL, which mostly starts with HTTP. HTTP transfers through domain name, IP and multiple central servers, and then upload and download files. The merits of HTTP are irreplaceable, and now we all rely on HTTP to surf the Internet. But HTTP also has some problems, such as performance efficiency is not very high, and excessive reliance on the central server and backbone network.
Compared with IPFS, it is a multi-centralized solution. Content addressing is not through domain name or IP, but through unique HASH key for data search. IPFS is a distributed file storage system. File data is not stored in a centralized server, but in all qualified computers on the network.
Of course, IPFS is more than that, there are many other features, the level and application range also exceed simple P2P downloads.
There is an incentive mechanism in IPFS-Filecoin. Participants (miners) can obtain encrypted Filecoin rewards by contributing storage space and bandwidth.
The relationship between IPFS and Filecoin
Although IPFS has been hyped for three or four years, there are still many people who do not understand the concept of IPFS and Filecoin and the relationship between them. Many people confuse IPFS and Filecoin. "IPFS mining" and "IPFS mining machine" are Typical false statement.
Protoco Lbas, also known as the Protocol Laboratory, was established in the San Francisco Bay Area in May 2014 and was founded by Juan Benet, a graduate of Stanford University. Juan Benet Juan Benet, a native of California, graduated from the world-renowned Stanford University with a master's degree in computer science. He co-founded a mobile AR game company (Loki Studios) with his partners, which was later acquired by Yahoo. He then settled in StartX, a non-profit startup accelerator of Stanford University, and started his entrepreneurial career from here. In 2014, he founded the IPFS project and received investment from his alma mater. In January 2015, the official version of the IPFS project was released.
Both IPFS and Filecoin are projects created by Protocol Labs. IPFS is a point-to-point, versioned, and content-addressed hypermedia transmission protocol. The target is the traditional Internet protocol HTTP, and what it wants to build is a distributed web 3.0.
But IPFS is just an open source Internet underlying communication protocol, and everyone can use it for free. At present, all IPFS nodes provide storage space and also need other nodes to help themselves store resources.
In essence, IPFS transforms the original on-demand download of P2P software into long-term storage of resources. Long-term storage requires service quality assurance, otherwise no user is willing to store their valuable data or resource content that requires service quality assurance in IPFS . So for a loose IPFS network, the random withdrawal of users, the uncertainty of network quality, the uncertainty of storage geographic location, the uneven performance of hardware resources, and the performance jitter of hardware resources all make IPFS unable to store Resource storage that has a strong demand for service quality, in other words, cannot be used in the commercial field.
Therefore, IPFS uses Filecoin's incentive mechanism to attract a group of professional storage service providers to provide more professional, safe and stable storage services.
Filecoin is a decentralized storage network based on IPFS. It is the only incentive layer on IPFS and a token issued based on blockchain technology. Miners in the FIlecoin network can obtain FIL by providing storage and retrieval services for customers. On the contrary, customers can hire miners to store or distribute data by spending FIL.
Filecoin promotes the development of IPFS through an economic incentive mechanism, and the Filecoin network also 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, 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, and IPFS also needs Filecoin for its rich ecosystem. The more IPFS is used, the greater the demand for Filecoin; the more Filecoin miners, the greater the support for IPFS.
Full name: Filecoin
Abbreviated full name: FIL
Total amount: 2,000,000,000
FIL/USDT transaction: https://www.gx.com/trade/FIL USDT
Official website: https://filecoin.io/
Block explorer: https://filscan.io/#/home
White paper: https://filecoin.io/filecoin.pdf