Before the beginning of this article, I believe that all of you have already understood the current state of the Internet, as well as the ongoing and future work of IPFS. The work to be done is distributed storage!
Let's take a look at the development of IPFS together. In May 2014, Juan Bennett, a computer doctor at Stanford University, formally proposed the idea of the entire IPFS distributed storage. Then the laboratory team was also in May 2014. Founded, at present, Shiyan City can be described as a gathering of elites. The core team and technical research and development talents are composed of more than 76 talents. They are from world-class universities, such as Stanford University. MIT, Harvard and other well-known universities in the world are in China. Everyone knows that if a child of someone can study in these prestigious schools, it is definitely full of pride. Moreover, the project development team, all Composed of core talents from world-class global multinational technology giants.
The team is composed of laboratory background and members. The technical barriers of this project are very high. So what exactly is IPFS? This is a distributed low-level storage protocol. It is called Interplanetary File System in Chinese. So what is its concept? It uses sharing mechanisms to enrich the storage network. Now, we are all familiar with the concept of sharing, right. Right. For example, the shared bicycles we use outside, Mobike, and Didi, etc., all adopt the concept of sharing, so IPFS is actually very simple, it is shared, we all have idle storage space, idle Bandwidth resources allow everyone with storage space to participate and contribute storage space in the network.
The use of sharing models, new Internet protocols and blockchain technology can indeed bring more benefits. For example, the discussed network is more secure, data transmission is more efficient, and storage costs are lower. Therefore, the official IPFS team encourages more Many people join IPFS, contribute their own storage space, and provide data storage services on the network. Therefore, when developing the IPFS protocol, the official team added another extremely important experience, which is Filecoin. Then Filecoin was also born at this time, and it is the 2020 blockchain star project that is now highly anticipated and favored by investors and investment institutions.
As for Filecoin, it is a distributed storage network built using IPFS and blockchain technology. Then, as we are ordinary people and ordinary investors, what do we want to invest in this project we are studying and understanding here today? In fact, the investment is the mining machine or storage server.
What is the first conclusion? We need to know, is IPFS itself a blockchain? The answer is no. IPFS is not a blockchain project. Everyone should know this concept. First of all, it is not a blockchain or a digital token. It is a kind of something, a new The underlying Internet protocol, his goal is to supplement or even replace the traditional Internet underlying protocol HTTP. Everyone should be clear about this.
What is the second conclusion? It is the relationship between Filecoin and IPFS. Filecoin is the incentive layer of IPFS. This token, or FIL coin for short, is to motivate everyone to better contribute their own storage space and provide data services in IPFS. It is the only settlement certificate in the distributed storage network of IPFS. In the Internet, it is not allowed to use RMB for settlement, nor for settlement in US dollars, let alone settlement with other digital currencies. Only FIL coins can be used for settlement in the network. Both in IPFS and filecoin blocks, order transactions in the network only recognize FIL coins, so this FIL coin is just needed in the entire network, so we invested in this server Ah, it is also called a mining machine. After we bought it, what did we contribute to the network? The contribution is storage space and bandwidth resources.
When it comes to blockchain technology, in fact, many of our online and offline partners cannot fully understand what a blockchain is? Because we are not technical talents who specialize in blockchain research, but When it comes to blockchain, why are everyone interested? It is precisely because of the eyes of our ordinary investors that we can better understand and feel the attractive wealth, new information and wealth opportunities behind the mainstream digital currencies that the exchange is trading. This makes everyone feel profitable. Money can be made, so for the majority of our investing people, we may not pay more attention to the entire IPFS data storage ecology, and the future price increase of Filecoin will bring us profits.
So, if you want to promote IPFS, what is the incentive mechanism of IPFS? The incentive mechanism of IPFS is done by the storage server that we usually call the mining machine. Under the premise of power on and automatic networking, IPFS gets FIL tokens Because IPFS adopts blockchain technology, all of our resource contributors can get such rewards. To get the reward of FIL coins, we commonly call mining.
That's the end of this article. In the next issue of Star Alliance, Mr. Peng will explain in detail the source of income of Fil miners, so that the majority of Xiaobai has a basic understanding. If you feel that I express in words, you can privately message me if you don’t understand, I will answer for you!