According to Filecoin official news, LotusV1.5.0 will undergo a hard fork upgrade at epoch 550321 (around 8 am on March 4th, Beijing time). Miners running Lotus full nodes need to be aware that due to the large amount of data, there will be a service interruption of more than 4 hours during this hard fork upgrade.
According to the official benchmark data about this upgrade, it takes about 10 minutes for the snapshot node to complete the upgrade, and it takes more than 4 hours for the full node to complete the upgrade (depending on the configuration, network, etc.). x
Therefore, miners and users who run nodes based on recent snapshots should be able to maintain synchronization during the entire upgrade process, but full nodes with larger data storage will face the situation of losing synchronization. In this regard,
Official recommendation:
- During the upgrade, all nodes without time-sensitive operations: 2
It takes 4-6 hours to complete the migration and restore. The nodes will temporarily lose synchronization during the migration process.
- During the upgrade, all nodes that are sensitive to time (such as requiring WindowPoSts or just want to avoid interruptions):
You can choose to start a new temporary snapshot node as a transition during the upgrade process to achieve synchronization with the chain during the upgrade.
Filecoin v1.5.0 is a bold innovation that can move the verification of time-space proofs to off-chain, so that the network bandwidth consumption of storage proofs can be reduced, thereby increasing the TPS of the entire Filecoin network. 2
Speaking of TPS, in the blockchain field, TPS (System Throughput) is usually used to measure the performance of the public chain system, that is, the number of transactions or messages that the public chain can process per second. For example, Bitcoin's TPS processes approximately 7 transactions per second. It is estimated that the Filecoin network can process 25 messages (including duplicate messages) per second on average at this stage. If there are too many messages to be packaged on the network, which will cause network congestion, it will often push up the gas fee for participants to send messages on the chain. 5
The upgrade of Filecoin v1.5.0 has greatly reduced the gas consumption of Window PoSt, but this part of the gas consumption of the entire chain is not too high. It is roughly estimated that the optimization of this part (FIP-0010) plus the optimization of FIP-0007 may bring about a 15% improvement in the TPS of the entire network. This is not enough to reduce the current Gas BaseFee.
Fortunately, this is only the first step to reduce the gas consumption of the basic proof. The next step is two other optimizations that everyone can look forward to: 8
FIP-0008: Add PreCommit method for batch submission of miners. j
The miner PreCommitSector method only supports submitting a single sector at a time. It is both frequently executed and relatively expensive. The proposal adds PreCommitSectorBatch, a method to amortize certain costs in multiple departments, and removes some redundant but expensive checks.
FIP-0013: Add ProveCommit aggregation proof method.
In particular, FIP-0013, proven through polymerization, will greatly reduce gas consumption. To put it simply, the Miner’s ProveCommitSector method only supported submitting one sector at a time, resulting in high execution frequency and high cost. The FIP-0013 proposal proposes to add the method of batch submission ProveCommitSector, which reduces the burden on the chain and reduces the submission of new sectors To the total cost of the Filecoin network, the overall cost of mining is reduced.
According to preliminary predictions, if the ProveCommit of more than 800 sectors are aggregated, the resource utilization efficiency of ProveCommit will increase by nearly 20 times.
The theoretical verification of this part has been passed, and preliminary deductions and plans are in progress. You can imagine that if the basic proof efficiency of the Filecoin network is increased by 20 times, then considering the current growth rate of computing power, the network will have a large amount of remaining bandwidth for real storage applications, and the ecology will be developed.
In fact, whether it is from the latest FIP proposal or version upgrade, we can see that the official has set its sights on improving the TPS problem, solving network congestion, and improving the smoothness of the entire chain, thereby solving Gas to a certain extent. The problem of fees provides a better environment for miners to mine, and provides better development for Filecoin to store real data, thereby strengthening the Filecoin ecosystem.
And because of the formal implementation of this proposal, the currency price has risen all the way to around 42 dollars now. It was at 30 dollars sideways for the past half a month. Now that it has risen all the way, we can see that everyone is also very optimistic about the future of Filecoin. According to the current situation, the currency price may usher in a small increase in the future. Many miners retreated because of the high gas fee and chose to slow packaging or stop packaging. Now the gas fee has been reduced, but the currency price has risen. When it comes up, it can only be said that there are gains and losses. The miners are facing new problems. The price of the currency is too high to afford the currency. V: Awdbank
So it depends on the choice of the miners. If you don't choose to pack the miners as soon as possible, then the amount of coins produced per T will decrease in the future, the coins you can dig will be less. Of course, our project is a long-term project. There are not a few miners who choose to store FIL coins for 5-6 years. They are all for the future ecological improvement, and they choose whether to sell the coin after the price rises. . Therefore, the earlier you invest, the better, and the later the profit will be lower.
The above is the content of this issue. This proposal does reduce a lot of gas fees, but it brings higher currency prices and higher investment costs. It can only be said that there are good and bad. If you have different opinions, you can leave it in the comment section below. Give your opinion. If you have more information about Filecoin, please follow and chat with me privately.