(1) The relationship between the IPFS system and the FIlecoin system
IPFS is just a protocol, not the mining software itself. The Filecoin system is the mining software itself, and the token name is FIL. Filecoin uses the IPFS protocol to run the system. Both Filecoin and IPFS protocols are developed and maintained by Protocol Labs.
(2) How are FIL tokens distributed?
FIL tokens have a total of 2 billion distribution plans, consisting of a total of four parts:
70% as a reward for mining: gradually distributed according to the progress of mining like Bitcoin;
15% reserved for Protocol Labs: as research and development expenses, 6 The ban will be gradually lifted every year;
10% will be allocated to ICO investors: according to the mining progress, the ban will be gradually lifted;
5% will be reserved for the Filecoin Foundation: as a long-term community construction, network management and other expenses, the ban will be gradually lifted in 6 years.
(3) How do IPFS miners mine?
The Filecoin system has created two mining markets:
1. Filecoin Storage Market
Hard Disk—Yes, it is the size of the hard disk. In the data storage market, all you need to contribute is hard disk storage space. The more hard disk space, the higher your mining ability. The proof of work used in the storage market is PoS (Power of Storage) Prove that FIL will be distributed to everyone proportionally based on the size of your stored data.
2. Filecoin's Retrieval Market (Filecoin's Retrieval Market)
Provide network bandwidth. If you have bandwidth resources, you can consider mining in this market and allocate FIL according to your bandwidth. Of course, you can also participate in both markets at the same time. It all depends on the investors themselves. After the Filecoin system is released, students who want to mine will act quickly and try to dig the first pot of FIL. Just like BTC, the sooner you can intervene and gain income. Higher.