Detailed explanation of Filecoin Plus proposal: Data storage that passes notary review will receive 10 times the computing power

On November 6, Filecoin officials announced in the Slack community that they would launch the Filecoin Plus beta version.

Filecoin Plus Proposal

Filecoin Plus is an important proposal for an effective data verification storage mechanism. Data storage that passes the notary's review will receive 10 times the computing power. The proposal states that the Filecoin Foundation will be nominated as the first notary to help specify reasonable operating guidelines that future notaries can follow. The specific content of the proposal has been uploaded to GitHub.

About the Filecoin Plus Proposal

1. Motivation

Filecoin Plus is essentially a program that aims to increase the Filecoin network's support for greater effective storage, allow the network to trust certain clients, and bring real demand to the network. This solution can provide leverage for storage clients, accelerate the construction of high-quality networks, and allow additional reward subsidies to be given to where they are most needed.

2. Principles

The actions of Filecoin Plus participants (root key holders, notaries, clients) should be simple and transparent, and any decision about Filecoin Plus, from approvals by root key holders and notaries, to DataCap allocation decisions, to governance changes, should be easily audited by people without special privileges in the network and governed within a community-driven framework.

All parties involved in Filecoin Plus start with limited trust and power. Over time, additional trust will need to be earned by performing their duties honestly and acting transparently. Participants found to be violating management principles or performing poorly relative to expectations will be replaced.

3. Responsibilities of each role

The main roles in the proposal include root key holders, notaries, and storage clients.

• Root key holder: The root key holder is the signatory of the multi-signature on the chain and has the power to grant and remove notaries. Any operation requires the multi-signature of the majority of selected root key holders to execute. Its responsibilities are: to exercise the decisions made on the community governance chain and take timely action on the final decision.
  The role of the root key holder is not to make subjective decisions, but to act as an executor of decisions made on the community chain. The operating space and functions of the root key holder are also limited by design. Any violation of this authorization will result in the immediate removal of the root key holder in question.

• Notary: As a trustee of the Filecoin network, the Notary entrusts DataCap to the Notary for use in a manner consistent with these Principles.
  Its responsibilities are: to distribute DataCap to clients to subsidize reliable and useful storage on the network. Based on the information provided, verify that the client has received the DataCap corresponding to the guaranteed trust level.

• Clients: Clients are active participants in the network and are allocated DataCap for their use cases. Clients can use their DataCap to incentivize miners to provide features and services that meet their specific requirements. Witnesses will vet clients to ensure that clients receive DataCap commensurate with their reputation and needs, and that clients allocate that DataCap responsibly.
  Its responsibilities are to: reasonably allocate DataCap obtained from the notary office and deploy DataCap responsibly according to the principles. Follow the operating guidelines, record the decision-making process, and respond to any requests for review of its allocation decisions.

4. Interaction process

Notary application (notary must submit an application and answer questions related to the qualifications to become a notary) - Scoring and review (the governance community scores potential notaries according to the degree of specified conditions, and they are approved to allocate DataCap after obtaining qualifications) - Notary collects requests and allocates DataCap (responds to allocation requests from clients, and allocates DataCap to clients in accordance with relevant principles after reviewing the clients) - Client issues orders and allocates DataCap (after receiving the DataCap allocated from the notary, the client selects a suitable miner node to store) - Miner accepts orders for storage (when the miner receives the "verified" transaction storage data from the client, after completing the order, the miner will obtain the original value of the file The computing power multiplied by 10 times the effective computing power) - Re-apply (when the client needs more DataCap, they can re-apply to the notary for other allocations)

After the implementation of the Filecoin Plus proposal, miners and ecosystem participants will be allowed to test run it first, and then the official version will be launched in one go when the time is right.

About real data storage

There are actually two kinds of benefits of participating in IPFS:

The first and most direct one is mining . In the early stage, you get block rewards by exploding blocks, and in the later stage, you get FIL rewards by storing real data and retrieving data. The easiest way to achieve this kind of income is to purchase computing power or mining machines.

The second is the construction of the ecological end , including the development of various applications. This requires a large investment in the early stage, and the returns are relatively slow. However, as the ecology expands, many decentralized applications, including game consoles, will be developed on a large scale. It can be foreseen that in the near future, companies engaged in ecological construction will continue to emerge, and even high-tech dark horses will be born. This is an inevitable product of the huge market demand after the entire IPFS industry matures.

• Store real data on the Filecoin network. See your product or application live on the Filecoin network.

• Transfer real data to the Filecoin network and ensure that it is discoverable, retrievable, and available. It is not just about loading large amounts of data onto Filecoin, but also about ensuring that applications and other applications can discover, retrieve, and use the data.

Filecoin Plus can encourage miners to store valid data through data verification design. The more valid the data stored by miners, the more rewards they will get and the greater the trust value.