Recently, Filecoin ushered in a milestone moment. This achievement is remarkable both for Filecoin and for the field of distributed storage. Filecoin's global miners have contributed more than 3EIB of distributed storage capacity to the Filecoin network! The current Filecoin has become a large, diverse, distributed and innovative participant ecosystem.
Filecoin is currently the world's largest decentralized storage network. It launched its main network in October last year, allowing people from all over the world to store, request, retrieve, and transmit data independently of the private network.
Filecoin is a completely open source decentralized network that allows users to store, request, and transfer data through a verifiable market. After a period of rigorous network testing and development, the new data storage and distribution network will completely change the US$46 billion cloud storage industry and take the lead in providing a more powerful, efficient, and decentralized foundation for human data sets.
Due to the huge capacity of the network, in less than half a year, 1549 mines have stored more than 3EIB of data on the network. First of all, the concept of 1EB is equivalent to the storage capacity of 290 million 1080P movies and 4500 wikis. The data volume of Baike, the data volume of 685,000 consecutive video calls.
The capacity of 3EIB is enough to store 875 million 1080p movies, 12,250 Wikipedias, and 2,055,000 continuous video calls.
For the arrival of this milestone, Filecoin's official Twitter also issued congratulations:
"The storage on the Filecoin network reached 3EIB! We reached 2.5 EIB only 3 weeks ago. Congratulations to the Filecoin community for completing an amazing milestone!"
It is estimated that by 2025, the data field will grow to 175ZB, but 93% of the created data is not yet stored. The current architecture makes the Web network very fragile, destroys privacy, keeps storage prices artificially high, and creates bottlenecks that hinder innovative new uses of data.
For a data-centric economy, the Filecoin network is an alternative to costly cloud storage, where a single storage client and storage miner compete for transactions based on price, reputation, reliability, retrievability, and latency. This model allows customers to get the best prices from storage miners and creates an effective market for miners to bid on storage.
Utilizing underutilized storage assets around the world, Filecoin's market has created a unique sharing economy, adjusted incentives, and pragmatically rewarded practical and reliable storage, thus having the ability to promote storage solutions on an unprecedented scale. economic. Distribute the world's data storage and move it away from the current cloud oligopoly that relies on physical servers centrally stored in multiple data centers. This will also enhance data by reducing damage, loss, theft, and firewall threats Security, resilience or offensiveness.
Juan Benet, CEO and founder of Filecoin, said: "This is a long road, but paradigm shifting technology requires time, energy, research and collaboration. I am the Filecoin community, many scientists, builders, miners and users all over the world. The team is proud of it, and they persevere in pursuing their vision for a better Internet.
The Internet is the most important technology for mankind. It is our shared nervous system and our shared brain. Most of our lives exist online. This is where we work, play, and study together, but the foundation is weak. Currently, the Internet is in the middle of a revolution, and with the launch of Filecoin, it is beginning to transition back to its roots of decentralization, so that we can all work together to protect this precious resource for the world. This is a better network and a brighter future. "
Filecoin also continues to reveal and advance some key developments and plans:
The Filecoin Discover store, a program designed to categorize the ever-growing important public data. Filecoin Discover provides miners with an opportunity to select data sets of literature, science, art, and history for storage. These data sets are now open and available to the public after the mainnet is launched. The catalog of open source data sets includes: ENCODE, 1000 genomes, Project Gutenberg, and Berkeley's self-driving data.
NFT Hackathon, from March 19th to 21st, NFTHack will convene a crowd of passionate creatives and engineers with the support of ETH Global from March 19th to 21st, the ancient weekend NFT hackathon and summit. This event is a great opportunity to explore exciting new things. There will be challenges from Zola, Rarible, Ethereum, Filecoin, IPFS and more! Prizes include limited edition NFTs, exclusive experiences and more than $10,000 in rewards.
The encryption economics report of the protocol, Engineering Filecoin's Economy, detailed the operation of the network and the important characteristics of the miners on the network.
The future of DeFi and Filecoin, Filecoin is working hard to make DeFi investment easier by expanding the amount of data that applications can handle. Reliable investment is based on data, but until now it has not been possible to store large data sets on a distributed network like Ethereum. But File Coin allows the analysis of large amounts of data on a decentralized platform native to the blockchain. This provides DeFi investors with the ability to gain the insights they need to invest wisely in this emerging field.
Filecoin's ecosystem consists of hundreds of companies and projects and thousands of open source contributors responsible for its development. The economic design of the Filecoin network aims to adjust incentives and practically reward useful and reliable storage. The launch of Filecoin aims to decentralize the decentralization of data storage to protect its storage and eliminate the risk of single points of failure.
Brad Burnham, founding partner of Union Square Ventures and an early investor in Protocol Labs, said: "The launch of Filecoin is an important milestone in the evolution of the open Internet. The market power of some large data monopolies has stifled the early emerging technologies of the Internet. Now, we Understand that the decentralization of the Internet and the open communication infrastructure are not enough to ensure the freedom of innovation. Only by using a decentralized and open data storage network like Filecoin can we realize the initial promise of the Internet. I feel that we can start the team. Proud and happy with the prospect of a new wave of Internet innovation."