The biggest highlight in 2020 is undoubtedly Filecoin. This $257 million fundraising project against the trend is recognized as the next blue ocean in the industry. IPFS has been popular for several years and has not been launched for a long time (current space race stage) , Fully detonated investors' attention.
The IPFS (Interplanetary File System) project is an open source project by the American Protocol Laboratory. It has been online and stable for more than 4 years. In order to make the IPFS project ecology stronger and more prosperous, Protocol Lab has joined the Filecoin blockchain project on the basis of the IPFS project. By issuing coins, the project party attracts more users to enter the IPFS ecosystem and contributes their idle storage space. The Filecoin network rewards more FIL tokens to users, thereby continuing to strengthen the construction of the IPFS ecosystem and forming a virtuous business ecological cycle .
Currently, the global cloud service market is growing rapidly. According to statistics, it is estimated that by 2024, the global cloud service market will grow to US$284 billion, or approximately RMB 2 trillion. At this time, someone made the assumption that if the market value of IPFS can be equal to the 2 trillion yuan cloud service market in the future, Filecoin issued a total of 2 billion FIL, and the future value of each FIL is limitless, because various businesses and companies around the world When users purchase IPFS services, the only bargaining chip is Filecoin, and we can exchange them for legal currency at various exchanges.
A good description is that the current IPFS&Filecoin market is very much like the dawn before the day. With the continuous entry of capital and retail investors, the market is becoming more and more popular. The Internet's pain points caused by centralized storage are familiar to you and me, such as slow transmission speed, easy data loss, inability to store data permanently, and limited bandwidth. IPFS was born to change these pain points.
With the advent of the digital economy, people have more and more data to record and store. After 5G, big data, cloud computing, artificial intelligence, etc. flourish, the demand for data storage has also exploded.
According to interplanetary data forecasts, by 2025, global data will grow to 175ZB. Compared with the known number of 32ZB in 2018, it is about to increase by nearly 6 times. The disadvantages of the current network being limited to centralized protocols are becoming more and more prominent, and it has to be invested in distributed storage. According to data, in 2018, the global public cloud market reached 136.3 billion. US dollars, a growth rate of 23.01%.
The average growth rate of the market in the next few years will be around 20%, and the market size is expected to exceed US$270 billion by 2022. Interplanetary Data has also predicted that by 2023, real-time data will account for 24.5% of the global data circle. In many enterprise scenarios, the requirements for real-time data collection, storage, and analysis have become more and more stringent, and enterprise IT suppliers need to provide better storage media to ensure response speed to meet future data real-time requirements.
The emergence of IPFS&Filecoin distributed storage provides these values for solving current pain points:
1. Save costs through "precise" search;
2. The transmission speed is fast, the files are cut into different pieces and downloaded from multiple servers;
3. The "fragmented" storage method enhances data security, and hackers cannot see the complete file;
4. The data will be recorded forever.
Interplanetary Data believes that IPFS decentralized storage is the future trend. The cost of the existing blockchain technology to completely store data on the public chain is very high, especially when data blocks increase, the cost actually rises exponentially. The emergence of IPFS has reduced the cost of data storage, and the development of IPFS and Filecoin is unstoppable no matter in the blockchain field or in the context of Web3.0.
There are currently hundreds of projects connected to the IPFS protocol, and these projects can be imported into the Filecoin network in the future, and the Filecoin ecosystem will be very strong. It can be said that the market value of Filecoin will be immeasurable, and it is a tangible application.
The goal of IPFS is to replace the HTTP protocol and use a constant token to carry the ever-increasing value of billions of dollars. The value of FIlecoin will continue to rise, with unlimited potential. So I think that if you have ideas in this regard, those with some spare money can still consider starting and becoming the first batch of people who eat crabs.
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