What is IPFS? What is Filecoin? What is the relationship between Filecoin and IPFS? Then the development of everything at the moment, he must be from scratch. At the beginning, this conception will be extended or upgraded from the conception to the first, second, third, even fourth, and fifth generations of technology, and then it will be applied to our people.
Well, Bitcoin, as we know it, belongs to the 1.0 version of the blockchain technology. From scratch to conception, there is such a process. As for our Bitcoin, there are only block rewards. In other words, Bitcoin mining will only dig less and less, so IPFS and Filecoin are currently conceived from nothing, from the idea to the continuous extension of 1.0, 2.0, and 3.0 technologies, it is also possible to apply real blockchain technology to In society, we use a data storage service around us. Then IPFS, Filecoin is precisely because of this, his technology can be implemented, so it is an all-star blockchain project in 2020.
Compared with Bitcoin mining, Bitcoin mining requires huge computing power to do network calculations. At the same time, it needs to consume a lot of power resources, and the power-consuming mining method of Bitcoin mining machines, in addition to actually digging out the coins, does not actually bring any practical value to human society. But Filecoin mining is different. It is that miners can provide data storage services to obtain token rewards. This is a substantial contribution mining, not an energy-consuming mining. Due to the huge Internet data in the global storage market, IPFS and Filecoin will rely on their huge advantages to achieve stable development and success. This is also the reason why people around the world and well-known investment institutions can keenly smell the wealth opportunities in them, so we not only have mining rewards This section has more commercial storage and retrieval benefits.
Next, let's take a look at the entire development history of Filecoin. How did it come from? In May 2014, Juan Bennett initiated the entire IPFS project and the laboratory was established. In August of the same year, he won the first place in the YC incubator competition, and the laboratory won a huge one. Incubation funds. In January of one to five years, 5 billion files were stored worldwide through IPFS storage technology. After verifying that the storage technology had no problems, IPFS was released worldwide. In August of 2017, Filecoin, the token, was launched in the United States for the first time in accordance with strict legal compliance procedures in the United States. It was the first token and raised funds of up to 257 million US dollars and 257 million US dollars. What is it like? What about the concept?
The US$257 million raised by Filecoin is as of today. Among all the mainstream digital currencies, all those involving the ICO private equity sector, our FIL coin raised funds ranked first in the world, which can be called the history of blockchain The largest ICO. This shows that IPFS and Filecoin have a huge influence and high attention in the industry. Of course, this FIL coin actually had a better point when it was funded that year. Where is it? When investors of Filecoin come to invest, it is not that you can invest if you have money, but you must need American citizenship and obtain the certification of a qualified investor under the US Securities Regulatory Commission. In other words, even if we had money to invest at the time, we were not eligible to invest in the FIL coin of private equity.
Such a high-threshold ICO also fully demonstrates the rigor of the official team’s design of the IPFS project and the style of doing things safely. In February 2019, the Filecoin code was open sourced. We officially announced our Filecoin on February 14. The IPFS project is A real decentralized blockchain project, and what is the best news? It is in 2020, this year that the IPFS officially launched the long-awaited space race, also known as the Big Miner Competition, after the successful completion of the first and second test phases of the test network. The Filecoin mainnet was also officially launched on October 15.
So the development process of IPFS and Filecoin is over here, continue to pay attention!
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