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Professionalism and focus, win-win cooperation Reputation is an essential component of efficient markets: people must assess the quality and trustworthiness of their counterparties before entering into a transaction. Filecoin is no exception. However, as a decentralized market and ecosystem, Filecoin, as a protocol, is positioned to support different needs and interaction modes of users. Therefore, there can be multiple reputation systems on Filecoin to meet the different needs of network participants. In addition to improving the efficiency of the network and providing high-quality services, the diversified and decentralized reputation system on Filecoin can also well support users' new needs. Reputation system for decentralized markets All reputation systems work by collecting various forms of data to "rate" participants. Such systems are critical to the functioning of the market. Platforms like eBay and Uber build rating systems based on user feedback, allowing people to make informed choices about who to buy or ride with. An effective reputation system can build trust between parties, improve service quality, and foster loyalty between users and service providers. For people to store or retrieve data, they must be able to make basic judgments about miners before they can confidently make transactions. Specifically, users need a way to measure the quality of nodes, and lenders and underwriters must be able to make judgments about their reliability and creditworthiness. For these reasons, participants on Filecoin must build reputations based on feedback from users they have worked with. But depending on the use case and user needs, rating and reputation systems can take many forms. Network participants will game a single reputation system. Therefore, the reputation system on Filecoin is diverse and aims to allow users to express their preferences to promote the entire storage provider to improve the quality of service. During the mainnet launch week in November 2020, Digital MOB partner Cezar Paraschiv introduced their solution for the Filecoin reputation system. By collecting on-chain and off-chain metrics about nodes, DM.OB is building a scalable, transparent reputation system that will provide relevant reputation metrics through public APIs and network dashboards. We encourage everyone to build their own reputation system for specific use cases. Copy the video link to watch more details: https://youtu.be/wiJ4W0jRce4 The basic elements of the Filecoin reputation system Filecoin aims to bring a distributed data storage model to people around the world. The Filecoin reputation system functions as an infrastructure layer and can be integrated into other projects and applications. To this end, it will be made available through a public API and web app to facilitate use and allow other app developers to integrate it into their projects. In this way, the Filecoin network will facilitate the emergence of a truly decentralized economy that can be more open, transparent, and convenient than previous systems. In line with these goals, Filecoin's reputation system is designed to be as fair, efficient, and decentralized as possible. To this end, its design will be based on four key principles: trust, flexibility, customization, and transparency. In order for users to have confidence in their decisions, Filecoin’s reputation system must be reliable and trustworthy. Reputation systems are notoriously easy to manipulate. (https://en.wikipedia.org/wiki/Review_bomb). This is mitigated somewhat by the diversity of reputation systems and use cases. Metrics and ratings for a particular use case may not be applicable to another. Multiple reputation systems also provide a layer of social consensus and cross-validation, making the overall system more robust. The intention behind running a node is just as important as the operation. For example, a node that cancels a contract due to ethical issues should not be treated the same as a node that accidentally puts a user in trouble. The reputation system should recognize that not everything is black and white. It allows for appeals, follow-up actions and investigations, where appropriate, to help ensure that any impact or punishment is fair and proportionate. Additionally, as the Filecoin protocol continues to grow and expand, its reputation system must be able to adapt and evolve with it. To this end, the system allows reputation ratings to be adjusted in real time based on future updates to the Filecoin protocol. A unique element of Filecoin’s reputation system is that users can fine-tune their experience to their specific needs, resulting in ratings that are not only trustworthy but also more useful. Each Filecoin user can choose how much weight to assign to a given metric . For example, a user who only needs to store a small amount of data may not care about storage capacity, but may want to ensure that any potential nodes have high uptime and bandwidth retrieval ratings. In this way, Filecoin allows people to customize reputation ratings based on their specific needs and goals. Finally, a key factor in the success of any rating system is the credibility of the system itself. Ratings become useless once users no longer trust them. Therefore, the complete methodology for calculating user ratings will be available to the public at all times. As the network grows, any adjustments to the rating system will be public, allowing anyone to verify the criteria by which miners are evaluated at any time. Towards a transparent and trustworthy future Filecoin's reputation system will be key to the continued development of the ecosystem. We encourage interested parties to build different systems and develop trust between parties in a decentralized manner, with the goal of improving the overall quality of the Filecoin distributed storage market. Through a strong, transparent, and credible reputation system, Filecoin can bring distributed storage and the growing decentralized economy to more people. |
