In 2016, IBM stated that 90% of the world's data was created in the first two years. Four years ago, the world produced 2.5 trillion bytes of data. Every connected device (smartphone, smart TV, computer, car) on the planet is generating data.
As the amount of data generated has doubled year by year, the need for cheap, accessible, and unlicensed storage will also increase.
However, today our choice of data storage has formed a sharp contrast with future needs, and enterprises and consumers will also begin to realize the limitations of existing solutions.
Time has entered the era of IPFS and Filecoin. IPFS and Filecoin are complementary protocols, they work together to provide decentralized storage.
As the incentive layer of IPFS, Filecoin aims to solve the problems of IPFS by introducing blockchain and token economic model design. Once launched, it has attracted global attention.
In 2017, Filecoin received $257 million in financing with a 10% token share, setting the largest token financing record at the time.
Since the launch of the Filecoin mainnet in October this year, Filecoin's storage capacity has exceeded 1EB, and the bridge between Ethereum, IFPS and Filecoin has also been under construction.
In 2021, we will see the entire workflow, from agreements and transactions, to data storage and sharing, all using decentralized protocols. V czdn222
2021 will be a year when blockchain and cryptocurrencies occupy the center of the economic arena, and this year, IPFS and Filecoin will become the global focus.
This is because due to the storage redundancy, the blockchain is not suitable for storing large amounts of data, but if IPFS and Filecoin can provide the blockchain with a storage method that can be stored for a long time, is low in cost, has good security, and has strong privacy protection, It is expected to become an important infrastructure in the future blockchain world.
Regarding IPFS and Filecoin, in fact, most people in the PoW circle are very interested in the IPFS protocol and think it is a good track.
From the initial exchange of 10,000 coins for two pizza coupons to the current highest point, the miners who participated in the early Bitcoin mining undoubtedly gained huge wealth dividends.
With the continuous development of the Internet and the advent of the 5G era, the data storage market is bound to usher in a new round of explosive period.
Although, in the short term, Filecoin faces many problems, including gas fees, pre-staking mechanism and so on. But in the long run, Filecoin is still optimistic, including three reasons:
- Bitcoin mining involves insufficient production capacity, but Filecoin mining is not limited by production capacity;
- Filecoin mining costs are low, electricity costs account for a very low proportion of the cost, and mining convenience is high;
- The Filecoin ecosystem has some untapped potential.
Based on Filecoin's technical strength and attention, participating in Filecoin mining is indeed an investment method that should not be missed at the moment.
The cryptocurrency market is unpredictable. It has a certain degree of randomness. No one can predict short-term price changes. All technical analysis indicators are meaningless in the short term.
For most people, mining is a good choice. Mining can be regarded as a business activity rather than an investment activity. Once you start mining, you must hoard the mined coins. After a few months or a few years, you may be able to get a dividend that far exceeds that of Bitcoin mining in the past. V czdn222