Filecoin has attracted attention as soon as it was launched, and IPFS has not received such a big response after its launch. The reason is that there was no cryptocurrency community when IPFS was launched, so IPFS was only used as a peer-to-peer hypermedia protocol for distributed file storage and sharing.
The full English name of IPFS is TheInterPlanetaryFileSystem, which means "interplanetary file system" in Chinese. It is a point-to-point distributed file system, ipfs is a network protocol, which corresponds to http. And "Filecoin" can refer to (a) the network, (b) the protocol, (c) the tokens on the network, and (d) the project.
Filecoin is a protocol token, a blockchain on a new type of proof called Proof of Time. Miners create blocks by storing data. Filecoin provides storage and reading services through a series of independent storage providers, rather than a single coordinator. Want to attract enough users to use IPFS to form a strong IPFS ecosystem.
Filecoin can provide a large number of nodes for IPFS on a global scale. At the same time, Filecoin itself also brings a huge distributed storage space, and at the same time solves the storage problem of IPFS. Compared with IPFS and HTTP, it has more advantages.
It is worth repeating that Filecoin and IPFS complement each other and have significant cross compatibility.
IPFS allows participants in the network to store each other, request and transmit verifiable data. Using IPFS, each node can store data that they consider important. Before Filecoin, there was no way for IPFS to motivate others to join its network or store specific data.
Filecoin also uses many features of IPFS. For example: Filecoin uses IPLD for the blockchain data structure, Filecoin nodes use libp2p to ensure secure connections, message transfer between nodes, and Filecoin block propagation uses libp2p to publish.
In addition, the Filecoin core team includes members of the IPFS core team. The compatibility between IPFS and Filecoin will be as seamless as possible. Even after the release of Filecoin, we still expect the open source communities of IPFS and Filecoin to continue to collaborate and improve the compatibility of the two projects.
This incentive mechanism can achieve the first phase of Filecoin's mission-that is, enough miners are willing to provide storage space to meet user storage needs. When mass content exists in the IPFS network, further ecology will be derived and the second step demand, namely retrieval demand will be generated.
The current blockchain landing is moving towards a deep water area and no man’s land. In this field, the deepest and farthest one is now the most popular Filecoin. It is a great social experiment because few people are in it. The economic model can go so far in the field of landing.
The relationship between IPFS and Filecoin is similar to the relationship between blockchain and Bitcoin. Now Filecoin has become a typical application under the IPFS protocol and has formed a close symbiotic relationship. It will become difficult for one party to leave the other for development. But at the same time, Filecoin is not the only project that uses the IPFS protocol. There will be more projects that use IPFS in the future.
Whether it is from the perspective of investment, idealism or social practice, Filecoin's economic model is worth studying for people who do blockchain, and even those who study economics.
In Filecoin's initial white paper, its Token release model is simply described as a 6-year halving, decaying release. As for the added benchmark casting model, its casting model does not simply give you rewards based on the hardware packaging speed, but the official design baseline.
If the baseline is not reached, even if the reward is dug out, it will not be released to you immediately. This leads to encourage everyone to collaborate after the Filecoin mainnet is launched, and then let the total computing power of the network reach a certain scale, allowing the network to run quickly.
Full storage power
Filecoin full storage computing power product is the Filecoin computing power business launched by Interstellar Data, focusing on Filecoin mining. V丨hugoschan
IPFS is positioned to be an open source, decentralized, and basic underlying network. Its mission is to replace HTTP; Filecoin's mission is to achieve IPFS.
Then there is the pledge mechanism. Filecoin is the first blockchain project linked to practical applications and is the storage infrastructure of Web3.0. Its stable operation is essential, and the guarantee for this stable operation comes from mortgages. The design of its mortgage model is also an important part of its economic model.