Filecoin network enters the EB era, witnessing the birth of a milestone together

Less than four weeks after the launch of the Filecoin mainnet, the Filecoin network reached an important milestone: at 9:00 on November 21, the effective computing power of the entire Filecoin network exceeded 1EiB, marking the official entry of the Filecoin network into the EB era.

Let’s first take a look at what 1 EB means?

Data storage is based on 1024, and storage capacity is the maximum data that can be stored on the storage device. Our mobile phone memory is stored in GB.

1GB=1024MB

1TB=1024GB

1PB=1024TB

1EB=1024PB

That is to say, the current 1EB storage space of the Filecoin network can store 29 billion 1080p movies, can accommodate the capacity of 4,500 Wikipedias, can store 685,000 years of continuous video calls, which is equivalent to 19 copies of the entire Internet archive.

As Filecoin reaches the 1EB storage milestone, the Filecoin network can already be called a large, diverse, distributed, and innovative ecosystem of participants.

The current structure of the Internet is on fragile foundations. Filecoin serves as a cornerstone of vital public information, preserving datasets such as open access scientific data, creative commons media, and historical archives. Filecoin Discover is a powerful and dynamic distributed data storage cloud storage network that provides miners with the opportunity to select datasets covering literature, science, art, and history for storage, which are now public and available to the public. The catalog of open source datasets includes: ENCODE, 1000 Genomes, Project Gutenberg, autonomous driving data, and a copy of the Wikipedia database.

Leveraging the world’s underutilized storage assets, Filecoin’s marketplace creates a unique sharing economy, aligns incentives, and pragmatically rewards useful and reliable storage, bringing unprecedented economies of scale to the pricing of storage solutions.

Filecoin reduces the barrier to entry for storage providers and turns cloud storage into a commodity. This allows new entrants to easily compete with entrenched players. The growing community of 677+ active miners, 90+ organizations built on the network, 200+ new projects entering the ecosystem through dedicated accelerators and hackathons, and 4,800+ contributors on GitHub are collectively participating in the growth of the network and many exabytes of storage capacity are unlimited.

“Our goal is to build a Library of Alexandria to preserve humanity’s most precious knowledge that can never be burned. Thanks to our global community of storage miners, enthusiastic storage clients, and accessible web tools, we are getting closer to realizing this vision and enabling countless new use cases.”

Colin Evran, Filecoin Ecosystem Director, once said: "The Filecoin community deserves all the credit. They contribute their talents, insights, hard work, and resources to achieve this amazing milestone. Filecoin's mission is to create a decentralized, efficient, and powerful foundation for human information."

We hope you’ll celebrate this milestone with us at Filecoin!

Investors who want to know more about IPFS and Filecoin can contact the IPFS China Community Operations Officer ( WeChat ID: chuanzhang129 ).

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