What kind of world does Filecoin want to build?

What kind of world does Filecoin want to build?
Filecoin is a distributed network designed to store the most important information of human society. In this article, we introduce the current vision of Filecoin in the future: mainly for global networks, network storage data, storage of proof documents, and retrieval of files on the network.

Global Network - Break Free from Limitations

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First, centralized cloud services are not geographically dispersed across the globe, leaving billions of users far away from their data... and leaving cloud service providers to decide prices, service scope, and who can use their services.
Second, to get rid of the limitations of large centralized storage, for example, we need an open market rather than a few large companies that dominate our digital future and completely control large storage.
Finally, Filecoin can connect the world with a new storage and economic model. Regardless of the current level of connection, the Filecoin network will store data and content in every corner of the world... It can create a hyper-local and efficient storage method. Now you can finally get rid of the limitations of large centralized storage and geographical location .

Network Data - Competitive Selection

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As mentioned earlier in this article, the application of Filecoin to the global network can get rid of the limitations of large-scale centralized storage and geographical location, as follows: When a user wants to store data on the Filecoin network, on the one hand, the user can check the prices of online storage miners and other market prices, and on the other hand , miners compete with each other to win storage contracts, and users choose the most competitive miners.

File storage - proven correct

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The transaction is reached, the user sends the data, and then the miner stores the data. Miners must prove that they have stored the data correctly to get Filecoin rewards. The network verifies that the data is stored securely through cryptographic proofs. Miners submit their storage proofs to the network through new blocks and verify new blocks sent by the network. Only correct blocks will be accepted. Over time, miners can obtain transaction storage fees and have the opportunity to obtain block rewards.

Retrieve documents - facilitate flow

JUST DO IT

When a user needs a file, they can search for miners that store the file. The user chooses the fastest or cheapest miner, then the user pays the miner and retrieves the file, and as more and more people need the file, it becomes more popular.

Other miners can also store and back it up, which can bring the file closer to the users who need it, and spread the data to places where it is more needed. As data flows around the world, data acquisition is constantly being optimized. From small mining machines to large data centers, everyone can work together to lay a new foundation for human information society and benefit from it.

The future of Filecoin is worth looking forward to. In the application of Filecoin, we will make all preparations, seize the opportunity, and use practical actions to prove that everything is worth our expectations! !

-over-

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