The purpose of Filecoin is to establish a distributed storage trading market with interconnected and consistent standards. This network allows users to freely choose service providers, transparent transactions, and through algorithms (smart contracts) to ensure the implementation of transactions. Through a unified agreement, various service providers can achieve interconnection, data exchange barrier-free, free circulation, and break information islands.
And on a free-flowing data platform, the protection of privacy is very important. In the centralized storage mode, users often choose to trust the platform helplessly. The platform uses its own technology to provide security and privacy protection, but we still often hear various privacy leaks.
In general, in the Web3.0 network created by Filecoin, user data is encrypted and stored, and selectively shared and traded. Due to the participation of the blockchain, user data is encrypted on the client side, and the storage and sharing of passwords can also be realized through blockchain transactions. In the future, the combination of information and value will bring about network disruption, as well as decentralization and trustlessness in practical applications.
With the gradual expansion of the storage business and the development and promotion of a large number of applications, data continues to flow into the Filecoin network. The goal of Filecoin is no longer the circulating market value of digital currency projects, but a trillion-level cloud storage market. In the long run, Filecoin's currency price and application space are unlimited!
The currency price of FIL has doubled in a short period of time, and more and more people want to participate in FIL investment. There are currently two main methods, speculation and mining.
Coin speculation:
The investment threshold is low and it can be traded for cash at any time, but the number of coins to be bought is fixed, and it is a market behavior. The risk is high. The income is affected by the fluctuation of the currency price in the secondary market.
Mining:
A relatively stable investment has a much lower risk. The daily investment cost and return on income are obvious. The fluctuation of currency price in a short period of time does not have a great impact on mining. The impact of currency price rise and fall on mining income is only the amount of income, and If you are optimistic about the long-term trend, you can still sell the currency until the expected price.
At present, the Filecoin mainnet has been online for less than half a year, and it is still in the early dividend period. We can learn from other mainstream coin mining ideas. In February this year, the price of Ethereum hit a record high, and the income of Ethereum miners exceeded 1 billion US dollars in February. , Super Bitcoin miner income! I believe that FIL will also have the value that we are proud of in the future!
The long-term ecological value of IPFS determines the long-term trend of Filecoin's price. Compared with traditional protocols, IPFS distributed storage has higher efficiency, lower cost, better security and stability. As the cornerstone of web3.0, Filecoin must have immeasurable value in the future!