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The following article is from Erwenshuo, author Joss Distributed storage enthusiast IPFS - Blockchain - Filecoin This article was originally written by Joss from IPFS Force Zone As of the time of writing, there is still more than a month away from the launch of the Filecoin mainnet. According to the WeChat Index, the popularity of the keyword "IPFS" has increased from 150,000 to 600,000 in the past month, and the peak of the keyword "Fil" has also reached nearly 200,000, while the keyword "Bitcoin" has stabilized at around 300,000. This shows that there are still many onlookers in the IPFS track, and there is a deviation in the understanding of the relationship between IPFS and Filecoin, which shows that most of the energy of the digital currency market will be focused on this project. We have greater expectations for the potential behind Filecoin. Relationship and Difference Filecoin and IPFS are both distributed peer-to-peer storage projects founded by Protocol Labs, and the two complement and promote each other. IPFS is a set of protocol stacks and a new type of transmission protocol that allows peer-to-peer storage, request, and mutual transmission of verifiable data. Since it was open sourced, free to download, and used in 2015, it has gone through 6 major versions and dozens of minor versions, and currently has millions of nodes joining it worldwide. Since IPFS is a non-profit autonomous project that was generated with love and supported by its vision, it is still too far away from achieving the goal of supplementing HTTP defects. As the growth rate of IPFS nodes slows down, Protocol Labs believes that adding effective incentives to the network has become a top priority, which led to the birth of Filecoin. Filecoin uses IPFS technology to solve the key problem by providing a persistent data storage system. Under Filecoin's cryptocurrency incentive structure, customers store personal redundant or available data, and miners are rewarded with cryptocurrency through continuous storage of data and cryptographic proof. The difference between these two projects is that IPFS is for data transmission, while Filecoin is for effective incentives. In Filecoin's independent economic model, the total number of tokens (FIL) is as high as 2 billion, and the tokens are divided into four categories, namely 70% for miners, which are linearly halved every 6 years; 10% for 1CO, 5% for Filecoin Foundation, and 15% for Protocol Labs team. These three parts will be linearly released in 6 months at the fastest and 36 months at the slowest. (Economic distribution map) In the current Web 2.0 era, we spend an increasingly larger proportion of our time working and entertaining on the Internet. According to the "2020 Mobile Internet Panoramic Ecosystem Report" released by QuestMobile, while the growth of global mobile Internet users has almost stagnated in the past year, the average monthly usage time of mobile users has increased by 12.9%, from 128.2 hours in April 2019 to 144.8 hours in April 2020. (Mobile Internet data representative) In the process, we seamlessly use the HTTP file transfer protocol to upload and download data, and the resulting data leakage problems and database attack and defense accidents are endless. The main reasons are: the service is highly dependent on the central network, which makes the economic cost or traffic pressure bear; the reversibility and repairability of the damage to the central server are weak; the broadband utilization rate is low, etc. In this process, we have gone from traditional direct storage to centralized storage, and then to distributed storage. What we are doing is to realize decentralized storage, that is, P2P storage. P2P is the essence of this world. The connection between people has always been a P2P model. The Internet of Things needs P2P even more, and data also needs it. The current storage market, including public cloud and private cloud, has high service prices but huge market potential. According to the "Data Age" report released by IDC, the amount of data generated every day in the world will reach 491EB in 2025, and the total data size will reach 175ZB. The cloud storage market will reach US$75 billion in 2021, but it is still a little small for the Internet with an annual output value of trillions of dollars. As the driving force of the Internet, data services need a growth point.
(Annual scale in the data age) Filecoin builds a P2P distributed storage network based on IPFS technology, which will solve the storage problem of big data. A secure and private next-generation network will be promoted with the widespread application of Filecoin. Web3.0 is a result of the Internet revolution, which includes the transition from IT to DT. The combination of information and value brings about the subversion of the network and the decentralization and trustlessness of real applications. IPFS (same as Filecoin) is based on the uniqueness of the file content Hash, saving network space consumption and operation and maintenance costs. Files are stored in fragments on multiple nodes, and parallel processing speeds up transmission. It belongs to the Web3.0 Internet infrastructure to solve the information explosion, bring about the free flow of information, and realize the integration of data verification and storage (copyright protection, information traceability, etc.), and theoretically supports permanent access to information. These demands are the demands of the entire Internet and netizens. For Filecoin, continuous incentives are a means to achieve the goal step by step. In the short term, the Filecoin ecosystem is a stock ecosystem based on the value circulation of 2 billion FILs. In the long term, due to the rapid development and urgent implementation of high-tech technologies such as AI, big data, and 5G, the rigid demand for data storage scenarios has grown exponentially, along with the value transfer of related industries. It is foreseeable that the wealth created after the launch of the Filecoin mainnet will be in the billions (RMB). Filecoin is not a closed ecosystem and cannot accomplish such a grand goal on its own. This may take 10, 20 or even 50 years, but this is the right direction and this is potential energy. The development of Filecoin is nearing completion. According to the Github-Filecoin project library, the current mainnet launch Isuue to be optimized is 87%, but most of them are repairs and finishing work.
Currently, the third-party security audit of the project has entered the middle stage, which is of great significance for the completion of the test network and the launch of the main network. The professional audit team will once again ensure the professionalism and comprehensiveness of the project's security assessment. Some constant settings in the economic model parameters will be launched before the mainnet window period, mainly based on the results of the reward test plan. In addition, there are currently nearly 5,000 active miners in the test network, mainly from North America, Europe, and Asia, but in the near future we will see a continuous and large number of blockchain practitioners from other tracks participating, including hundreds of thousands of digital currency enthusiasts, BTC head miners, VCs, well-known capital institutions, etc. As one of the top 3 blockchain projects launched on the mainnet in 2020, Filecoin has the only choice now, whether it is the entry of tens of billions of resources for market making, the belief and admiration of millions of consensuses, or the market value of hundreds of billions (futures price as of posting: 114.29 yuan). As practitioners and researchers, we have greater expectations. Statement: This article is an original article from IPFS Force District. The copyright belongs to IPFS Force District. It may not be reproduced without authorization. Violators will be held accountable according to law.
Tip: Investment is risky, so be cautious when entering the market. This article is not intended as investment and financial advice.
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