Filecoin leads the era of blockchain 3.0 and helps IPFS 2023 commercialize
When many people are still immersed in bank savings, funds, and stock management, the bigwigs in the cryptocurrency circle have only spent a year or two to earn money that no one else can earn for a lifetime.
It is a habit of outsiders to wear colored glasses to see digital currency, but when investors really understand the blockchain and digital currency, it is a large-scale "true fragrance" scene.
Currently, there are several mainstream cryptocurrencies on the market, and many unnamed currencies. The most prominent of these are Bitcoin and Ethereum, which rank first and second in market capitalization respectively. As a celebrity in the currency circle, many investors have followed suit.
The boom in real estate has stimulated the emergence of many small real estate companies, but Evergrande and Vanke have considered business districts and entertainment and cultural industries after the industry has matured.
As the saying goes, eat meat one step faster and drink soup one step slower. Investment has always been based on the development prospects. The just-started IPFS/Filecoin is currently the biggest concern of the big players in the currency circle.
As for stock investment, everyone knows to buy low and buy high. Similarly, investment in cryptocurrencies should be more timely! Unlike Bitcoin and Ethereum, the journey of IPFS did not take long. In terms of technology and theory, IPFS has its stronger advantages.
The two mining principles are different
Bitcoin uses the POW mechanism in the block generation process. A Block Hash that meets the requirements is composed of N leading zeros, and the number of zeros depends on the difficulty value of the network. To get a reasonable Block Hash requires a lot of trial calculations, and the calculation time depends on the hash operation speed of the machine.
PoW determines the distribution of currency based on the effective work contributed by mining. As Bitcoin is mined in large quantities, the algorithm will become more and more difficult, and the mining yield will become lower and lower.
The disadvantages of PoW algorithm mining are more obvious: The
first is that it consumes a lot of computing power and electricity. The entire mining process requires a lot of energy, which is not environmentally friendly and does not fundamentally improve the efficiency of use.
The second is that a large amount of capital is invested in mining machines, which leads to the centralization of computing power, and there is a security risk of 51% attacks. This is also a problem that the rights and interests of miners are not fully protected.
IPFS/Filecoin uses the PoSt algorithm, which is called Proof-of-Spacetime, which is the proof of (storage) space and time. Mining based on the PoSt mechanism is mining that invests a lot of storage space and bandwidth resources.
This decentralized storage strategy has truly realized the sharing economy and avoided the waste of global Internet resources. Many people in the industry believe that it will be the next Bitcoin.
If it is said that it is easy to be crushed to enter the mature cryptocurrency circle, it is better to be ready to follow Filecoin and wait for the next wealth storm to strike.
The future value of IPFS/Filecoin
01
Filecoin has created the world's blockchain financing project with the shortest time and the largest amount, which is favored by capital.
In 2017, it raised US$257 million in less than an hour, and it became popular overnight. The capital behind it is the top institutions in the industry. With their combined strength, they can buy half of the earth, and there is a rhythm of "voting for whoever sends".
02
Storage is proof of work for mining. Bitcoin's proof of work consumes huge power resources and is accompanied by heat and noise pollution, so it is banned by many countries. Filecoin mining only needs to provide storage space and broadband, and has a longer-term development prospect.
03
The biggest difference between Filecoin's mortgage mechanism and Bitcoin and Ethereum mining is that Filecoin mining will give fair treatment to both supply and demand in the market.
In this way, the Fllecoin network is more stable and develops for a long time, protecting the interests of all participants, and then creating a virtuous circle.
04
Now IPFS has many landing applications, including Netflix (Netflix), D.Tube, Viewly, Dlive, Google Chrome, Firfox Firefox, Opera browser and so on. With the widespread use of IPFS, Filecoin is bound to be more and more recognized.
05
On the allocation mechanism, 70% of FIL tokens are reserved for distribution to miners. FIL is born for mining. Compared with some projects, only 30% of the shares are used for allocation and 70% of the shares remain on the project side, which shows the sincerity of the FIL project side.
06
Blockchain is an extension and application of cryptography, but the fatal weakness of blockchain is that the capacity that can carry data is too small.
With the advent of the era of 5G, artificial intelligence, and the Internet of Things, data is growing rapidly, and the existing technology is not enough to support the rapid growth of data. IPFS/Filecoin is inevitably needed to bring huge vitality and development to the blockchain.
07
Filecoin is the only token with a revolutionary technological breakthrough after Ethereum. In addition, there are more than 43,000 digital currencies in the world, and no currency can bring revolutionary technological innovation to blockchain technology.
The real digital currency should be able to be applied, and Filecoin has done it. Therefore, Filecoin based on blockchain data storage will get the best price and guarantee in the world.
08
Filecoin is the only token with a real application landing in the entire digital currency market, and the only real blockchain project.
The global fire of Bitcoin and Ethereum followed. Since then, there has been no real project in the entire blockchain industry. In the past six years of power accumulation, once more projects appear, people will inevitably rush to participate. of.
The Filecoin mainnet is launched, leading the arrival of the blockchain 3.0 era, helping large-scale commercial implementation of IPFS, building a new Internet ecological environment, and naturally becoming the new favorite of the currency circle.
From the perspective of technological development, it is also very promising. A valuable project will have a stable investment position.