[Filecoin Weekly Report-75] Lotus upgraded to v1.2.0, with multiple optimizations

[Filecoin Weekly Report-75] Lotus upgraded to v1.2.0, with multiple optimizations

This article was originally written by IPFS Force Zone


Project Introduction



[Project Introduction] Filecoin is a decentralized storage network that transforms cloud storage into an algorithmic market.

【Project Progress】

  • Filecoin mainnet Lotus v1.2.0

  • Slingshot Phase 2 in progress

  • Filecoin has 6 FIP proposals


On-chain data



SR2 Track 2-Slingshot Instrument Panel:



Total participants: 437 (unchanged)


Number of stored order transactions: 626,858

(⬆️ 2.3%)


Average transaction data size: 1.4 GiB

(unchanged)


Average data contribution per participant: 2.0 TiB
(unchanged)

Total amount of real data: 871.85 TiB
(⬆️ 0.9%)

Reward unlocking status: 50K FIL


Filecoin Mainnet filscan.io dashboard:



Total accounts: 75,007 (⬆️ 7.4%)

Total account balance: 37,061,376 (⬆️ 11.1%)

Total network stake: 17,038,315 (⬆️ 8.3%)


Active miners: 735 (unchanged)


Total effective hashrate: 1.04 EiB

(⬆️ 12.8%)


Messages to be packaged (last 7 days): 3,418,651

(⬆️ 166.1%)


Storage rate: 795.71 Tib/H
(⬇️ 21.7%)


Block height: 260,273 (normal)


Average block height: 4.53 (same)


Single block revenue: 13.77 FIL

(⬆️ 11.3%)


Single T income: 0.17 FIL/T
(⬇️ 5.6%)
(2020-11-16 14:00, filscan.io)

Hot topics last week



Filecoin】 Big Events

  • Lotus is upgraded to v1.2.0 . Miners are required to complete the upgrade before the height of 265200. The upgrade content includes:

  • Including FIP-5, which removes expensive miner reward attribution calculations from PreCommitSector and ConfirmSectorProofsValid, helping to reduce Gas consumption, free up chain bandwidth, and reduce miner costs;

  • Specs-actors upgraded to v2.3.2;

  • proofs upgraded to v5.4.0;

  • Re-adjust the Gas cost, mainly reducing the cost in OnVerifyPostBase;


A small reminder: Due to the specific situation of mpool, if everyone still decides to increase the cost of messages, the basic fee of the network will not drop quickly. Strategically, being more patient with urgent messages and adding some Gas with reasonable prices will benefit both your own nodes and the network.


  • Owner key theft occurs

  • Last week, the owner key of some miners was stolen and some sectors were terminated.


Tip: Make sure you have backed up your key and stored it securely. In addition, Filecoin core developer Why recommends using multisig as the owner key to increase the security of your account.


  • Slingshot begins preparations for the first reward distribution

  • The countdown timer on the Slingshot dashboard will reset every month;

  • Over the next 6 months, rewards will be distributed once a month as planned.


Force Zone】 Big Events


IPFS Force Zone and Alibaba Cloud reached a framework cooperation to jointly promote the arrival and development of Web3.0


Force Report




The Force Research | Understanding the Supply and Demand Status and Excess Burn of Filecoin Gas Fees in One Article



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