Filecoin is a leading project in the field of distributed storage. Since the establishment of the Filecoin project by the Protocol Lab in July 2017, it has been favored by capital and attention from the media. During the pre-sale, it raised US$205 million, a record of the year. 1CO financing record! However, the time for its mainnet to go live was “dove” and then “dove”. After three years, it was not until October 2020 that the official announcement of the Filecoin mainnet was online.
In the past period of time, when the Filecoin mainnet was launched, the economic model of penalizing pledges and the arbitrary operation philosophy set up severely damaged the interests of the entire ecosystem in the early stage of the project, and the price of Filcoin has also changed from $220 at the beginning of the project. Falling to a low of $20 has also caused many investors to be confused as to whether Filecoin is a liar to attract money! In the past 6 months, the price has risen all the way from US$20 to US$131 at present, and it has been favored by more investment! So far, more friends have asked how much the price can go?
First of all, from the perspective of the ecological miners of their own projects, during the entire March period, the miners contributed more than 3.5 EIB of distributed storage capacity to the entire network, and what can be seen at present is increasing at a rate of tens of PIB. What is this? concept? The storage space of 1EIB is equivalent to the capacity that can store 300 million 1080P units. What a big contribution the entire Filecoin network has made in the storage sector. With the two major proposal upgrades of the Protocol Office, the efficiency, user experience, key message throughput, and transaction reward network have been significantly improved, and the off-chain verification method has been innovated, so that WindowPoSt does not need to be verified. On the chain, the cost of PreCommit (25.03%) and ProveCommit (69.49%) are fundamentally reduced.
From an application point of view, the innovative technical advantages of the IPFS interplanetary file system have been applied in various fields such as browsers, data storage, file transmission, online video, social media, and decentralized applications as shown in the figure below, and Filecoin as the IPFS The incentive layer is a close symbiotic relationship
The Filecoin Frontier Accelerator launched by LongHash Ventures recently held a Filecoin ecological demonstration event, showing the Filecoin ecological applications of 13 startups from 11 countries around the world, including "finance" (Parcel, Secured Finance, Canza, WFIL, Endowl ), "Enterprise" (Myel, Valist, PowerLoom, Kotal), "Social" (Huddle, Voodfy, MintGate, Underscored Labs) and many outstanding projects in three categories.
"Filecoin's mission is to create a distributed, efficient and powerful foundation for human information. The economic design of the Filecoin network aims to effectively reward useful and reliable storage by adjusting incentives with as few rules as possible. Many mechanisms and Incentive measures are carefully designed, and there is only one goal: if participants in the network economy seek to maximize their own interests, the network will continue to grow and grow."
As mentioned in the Filecoin economic model white paper, in view of the fact that the blockchain network has no access restrictions, Filecoin's mechanisms and rules are designed to incentivize, restrict, support or punish different behaviors, thereby achieving the goal of a sustainable economy. . As the only incentive layer for IPFS distributed storage, Filecoin's vision is not just mining. According to the description of the various economic stages in the economic model white paper in the above figure, we should now be in the second economic stage in the figure, that is, the transition stage between the main income from mining and the main income from storage transaction fees. Filecoin will continue to develop rapidly. As the ecology of Filecoin becomes more and more perfect in the future, and the application of decentralized storage is truly implemented, Filecoin will show its value more and more. When it realizes its innate mission, it will also It will usher in its take-off and glory. As for how much potential does it have in the future? Every Filecoin eco-participant has a scale in his heart. Don't judge too much about the price at the end of the year? I said 1000 would you believe it? Then what measures will you take?