IPFS-Union

In 2021, the evolution of the crypto market is very eye-catching-Bitcoin is recognized by institutional investors; the rise of many new public chains continues to challenge the dominance of Ethereum; ADA, SOL, LUNA and other projects continue to set new historical highs regardless of market trends; NFT Once the market has detonated again, cryptocurrency has taken another important step towards mass popularization. This article will analyze 8 major trends in the current crypto industry, hoping to inspire investors.

1. The rise of the market value of cryptocurrencies and the prosperity of altcoins

In April 2021, driven by the strong price increase of Bitcoin and Ethereum, the total market value of cryptocurrencies exceeded US$2 trillion for the first time. After several months of adjustments, the current total market value of cryptocurrencies has returned to the $2 trillion mark. For investors who are still at a disadvantage, this period may be an excellent opportunity to deploy low-end high-quality altcoins.

2. Bitcoin gains multiple momentum

Starting from the first quarter of 2021, Bitcoin has repeatedly set new highs. Despite the sharp retracement after May, the annual growth rate of Bitcoin is still as high as 64% so far. The main drivers of its price strength are as follows:

Bitcoin ETFs in Canada, Brazil, and other countries have introduced additional investment tools for institutional and retail investors.

Institutional investors and listed companies buy Bitcoin as an asset to hedge against inflation. The number of bitcoins held by listed companies is close to 210,000, accounting for about 1% of the total supply. The Coinbase trading platform successfully completed the IPO, allowing investors in the United States and other countries to further accept the cryptocurrency market.

El Salvador became the first sovereign country to use Bitcoin as a legal tender, bringing more imagination to the adoption of Bitcoin.

Visa, Mastercard and PayPal promote the adoption of cryptocurrencies and support crypto payments.

Global inflation has increased. Take the United States as an example. In the past six months, the amount of additional currency issued by the Federal Reserve accounted for two-thirds of the total amount of additional issuance in the past 11 years.

The above factors have led to the continued growth of market demand for Bitcoin. On the other hand, on the supply side of Bitcoin, the upper limit is only 21 million (millions of which have been permanently lost), and the relationship between supply and demand tilts to the demand side, which will become the main logic to promote the rise of Bitcoin.

3. DeFi's market value growth and the rise of DEX

Since the beginning of this year, the total market value of DeFi projects has increased by 382%, setting a record high of US$95.7 billion. The DeFi sector broke out in the first quarter. The supply of stablecoins on the Ethereum chain has almost doubled, DEX transaction volume has increased by 2.5 times, and total borrowing has increased by 3 times. DEX native tokens account for about 50% of the total market value of the DeFi sector, and the three major DEX tokens UNI, SUSHI, and CAKE have all achieved substantial growth.

As of August 20, the total lock-in value (TVL) of the DeFi agreement reached US$151.1 billion (close to the level before the May crash). In other words, DeFi has shown strong resilience and sustainability after experiencing the test of the collapse of currency prices.

4. Multi-chain encryption world

The multi-chain paradigm continues to prevail. Although Ethereum is still the king of application public chains, many projects are trying to avoid the rising cost of the Ethereum network and explore alternative solutions and new audiences.

Projects such as SushiSwap, Tether and bZx are entering the Avalanche ecosystem.

Some new projects are preparing to be released on Polkadot.

The ecology of new public chains such as Fantom and Solana is growing.

As projects that can achieve interoperability and free flow of liquidity in multiple blockchains will continue to grow and gain more users, the multi-chain nature of projects may become the future trend of blockchain technology.

5.BSC drains the Ethereum market

In the first quarter of 2021, Binance Smart Chain (BSC) became the second most active blockchain, with the number of users increasing by 61%. The number of BSC active wallets alone has increased by 50% from last month, and the average number of unique active wallets per day has reached 105,000. BSC's native token, BNB, once became the third-ranked cryptocurrency by market capitalization.

Although BSC is more centralized than Ethereum, its ecosystem is still evolving and expanding relying on platform traffic and influence. Before Ethereum 2.0 is fully realized, the low-cost public chain represented by BSC is still one of the main channels for small retail investors to participate in DeFi and GameFi.

6. Ethereum expansion solution development

Due to the increasing global interest and demand for DeFi and cryptocurrencies, Ethereum's scalability and network congestion issues have also become a bottleneck for its development. In the case of strong demand, Ethereum Gas fees usually soar to more than 400%. In response to this problem, Ethereum introduced a Layer 2 solution. There are currently four main expansion plans: Optimism, Polygon, ZKRollup and xDAI.

• Projects such as Uniswap and Synthetix chose Optimism.

• Mainstream NFT markets such as OpenSea and Decentraland chose to migrate to Polygon.

• Balancer and Curve are working on the ZKRollup solution.

• xDAI has become the choice for small projects.

Looking to the future, each project must consider the technical characteristics of the existing two-tier solution and the services based on the solution. Many new projects may follow Uniswap and Synthetix to ensure that they stay connected with high-liquidity and mainstream projects.

7. NFT is booming

In 2021, the NFT field will achieve explosive growth, with a total market value of 27.9 billion US dollars, which has accounted for 10% of the global art market sales. NFT's sales mainly come from collections and artworks, such as Cryptopunk, Hashmasks, Beeple, etc. The second largest sales came from sports, such as NBATop Shot and ToppsMLB. A significant portion of sales comes from NFT games, such as AxieInfinity, and platform-based games, such as Enjin and Ultra. The sales of the meta universe category accounted for 8% of NFT's total sales (meta universe is another digital real world where people can play, work, and buy goods).

It is undeniable that there is a certain degree of bubble in NFT, but the market's interest in NFT will not disappear soon. Famous musicians, artists and athletes have all joined this craze. In addition, people are selling NFT artwork for charity. For any blockchain project that wants to stand out, future NFT-related features or service functions may become standard.

In the past two weeks, NFT sales have soared, far surpassing the March NFT boom. Last week’s largest NFT platform OpenSea’s sales reached a peak of more than 60,000 transactions per day, which is close to 8 times the peak in March. The transaction volume in August has exceeded $1 billion, and the number of daily independent buyers has also hit a record high.

8. The foundation of Ethereum is comprehensively improved

Let's first take a look at how NFT affects the price of Ethereum.

Since NFTs are usually priced in ETH, if the price of ETH suddenly rises, investors new to the NFT market may face soaring purchase costs. For example, an NFT priced at 2 ETH will suddenly rise from a cost of approximately US$4,000 to US$6,000 in a short period of time. This is not friendly to potential buyers who do not yet own ETH and need to use fiat currency to buy the cryptocurrency market.

But there is also some reflexivity between the NFT market and the price of ETH. People buy ETH to buy NFT, then sell NFT to get more ETH, and then they may buy back more NFT. The high sales volume of NFT has brought new attention to ETH, which will help bring more users into the Ethereum ecosystem.

Since the introduction of the basic fee burning mechanism in Ethereum EIP1559, more than 66,500 ETH have been destroyed. Among the applications that have contributed the most to the destruction, NFT-related applications such as OpenSea, AxieInfinity, Cyber​​KongzVX have burned more than 14,000 ETH, pushing up the price of ETH.

Judging from the recent changes in the ETH2.0 recharge data, the 2.0 contract address has already recharged a large amount of ETH. As shown in the figure above, the number of new depositors has not changed much, and the number of new ETH has increased significantly. It can be inferred that a large amount of ETH has been deposited into the 2.0 contract address recently because of the giant whale. This behavior can be explained as the belief that the long-term value of ETH will be much higher than $3,000.

When it comes to cryptocurrency, the first thing we think of is Bitcoin. According to relevant data analysis, Bitcoin-based cryptocurrencies are becoming popular all over the world. The three most popular types of financial transactions are: stocks, options, and cryptocurrencies. . Binance's trading volume has surpassed China's Shanghai and Shenzhen stock markets. Why is cryptocurrency suddenly occupying such an important share of the financial market?

Judging from the history of stock development, the early stage was also a product of the emerging world. Hundreds of years later, it used the Internet to make it flourish. Everyone, stock-based financial derivatives have also experienced a spurt of development, which has promoted the development of human society.

Every era is accompanied by this dividend. From real estate to the Internet, how many people have used these opportunities to succeed, and cryptocurrency has spawned many new opportunities, and we should also be able to see some opportunities and developments from them. With the development of current emerging technologies, such as the vigorous development of artificial intelligence, many jobs have been replaced by robots. If our thinking is still conservative, it is likely to be eliminated in the future development process.

In the early years of peace, entrepreneurs began to use market advantages to obtain a large amount of capital, widening the gap between rich and poor, and gradually forming a cycle, making future financial rules beneficial to them. Therefore, in the vicious circle, many people in the middle and lower classes start to live more and more difficultly, and it is more and more difficult for people at the bottom to get promoted. There are ways to change. In order to avoid head-on conflict with the old capital group and competition in traditional industries, then you must start again, and the cryptocurrency market is a good choice, it will make it easier for the people at the bottom to succeed.

The birth of cryptocurrency can be said to be a revolution in the old financial world. In just ten years, it has risen to such a high financial status, and stocks have reached this point in the 4th century, so the future of cryptocurrency can be expected. It will become a financial force that cannot be ignored in the future. As for the height of the price, it will eventually exceed your cognitive height!

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We are all slowly entering the digital age. Whether it is domestic news or domestic news, everything depends on data. Your identity information must be integrated on the network. Will the value of IPFS continue to be explored and reflected? Your daily life and daily life are in contact with every Internet. Your data can be uploaded to the Internet at any time. We can't live without data. We are stuck with data. In our centralized data analysis and storage and underlying protocols, we are almost naked among Internet companies. Our privacy and security research in the era of data technology may be hacked at any time. Some companies mainly use XS data for general data. Analyze storage. In the economic and cultural life environment, have you received various XSDH products? Are there any criminals who can give you the order number and the things you bought from online consumers? Harm the leaked true information.

The statement pointed out that there are five major problems with centralized data storage. 1. How to store explosion data? 2. Data storage is too centralized, how to effectively ensure security? 3. How to protect the privacy of related data? 4. How to determine the data? 5. If data is an asset, can it move freely while protecting privacy? As we all know, the biggest flaw of HTTP is single storage. In recent years, the amount of global information data has exploded. The number of data processors and pbs can be seen and analyzed in detail from the increase in tb. This development has also overloaded a single HTTP storage system, which urgently requires the use of ipfs technology.

I believe everyone has encountered such troubles. When participating in online shopping activities, we put the things we want to buy into the shopping cart and make purchases at specific times when there are discounts. But we often encounter busy networks, unable to open web pages, and ultimately unable to buy what we like. The Ipfs distributed storage service protocol can avoid the monopoly of centralized storage, greatly reduce the storage time cost, and also solve the above problems. With the continuous innovation and development of the IPFS&Filecoin ecosystem, and the landing and use of more enterprise applications, the value of Filecoin will continue to be tapped and reflected, and the grand blueprint of Filecoin is a new rise. The stars will continue to advance and become a firm reality. The people who enter this field include investors, users, developers, project creators, etc., all are at the forefront of the times. If you are also involved, as long as you are patient, then you will also get the dividends that the project brings to you. If you want to see more good articles, you can follow the blogger. Welcome everyone to like, follow and comment.

Filecoin is a type of IPFS digital inflation. Its logic is similar to that of BTC, but it is superior to BTC and has a natural landing function. Therefore, in terms of development potential, it surpasses the existence of BTC and Ethereum. With the existence of 5G and Ethereum. In the future, the access and data storage of the Internet of Things will become the infrastructure for the development of Internet technology.

What is IPFS?

Interplanetary File System, referred to as IPFS. It was proposed by the Protocol Lab and is a peer-to-peer (P2P) distributed file system. But although it is a file system, it is indeed another storage technology. Of course, it can also be said that IPFS is a transport protocol. Its direct competitor is HTTP.

What is the relationship between IPFS and Filecoin?

IPFS has landed, but today, many people still don't know the relationship between IPFS and filecoin. IPFS is a protocol for point-to-point hypermedia transmission, similar to HTTP, but more advanced than HTTP. Filecoin is its incentive layer.

Although IPFS is more advanced than HTTP, it is in terms of file transfer, file confidentiality, and file recovery. But HTTP has been used for more than 30 years, so IPFS needs Filecoin's incentive mechanism to attract a large number of professional storage service providers and provide more professional, safe and stable storage services. Promote the popularization of IPFS.

Filecoin is based on the IPFS decentralized network and is a blockchain technology token. Miners can obtain FIL coins by providing storage and retrieval services for customers, which can be exchanged for legal currency on exchanges.

Filecoin is a decentralized storage network based on IPFS. It is the only incentive layer on IPFS and is a token issued based on blockchain technology. Miners in the FIlecoin network can obtain FIL by providing storage and retrieval services for customers. Instead, customers can use FIL to hire miners to store or distribute data.

Filecoin was born to promote the development of IPFS through an economic incentive mechanism. The Filecoin network also needs IPFS to provide strong ecological support for its development, similar to blockchain and BTC.

FIL token distribution plan

The total circulation of Filecoin is 2 billion, and the distribution plan consists of four parts:

Miners: 70% (ie 1.4 billion pieces), released linearly through block rewards, and halved every 6 years;

Team: 15% (ie 300 million pieces), as the R&D and operating expenses of the protocol laboratory team, linear release for 6 years;

Investors: 10% (ie 200 million pieces), allocated to investors participating in private and public offerings, linear release within 6-36 months;

Foundation: 5% (ie 100 million pieces), as long-term community construction, network management and other expenses, linear release within 6 years;

FIL's financing record

In August 2017, Filecoin completed $257 million in financing, setting a record for the financing of early global blockchain projects at the time, including Sequoia Capital, Winklevoss Brothers, YC, Stanford University Foundation, Union Square Ventures, etc. World-renowned venture capital institutions and well-known investors such as Coinbase co-founder Fred Ehrsam, Skype co-founder Jaan Tallinn, Figma co-founder Dylan Field and other well-known investors participated in the investment.

It is no exaggeration that in the next 10 years, IPFS will gradually replace HTTP. Because of its inherent landability, the actual value of filcoin will far exceed BTC and Ethereum.

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The Filecoin network has a unique economic structure that combines a reward mechanism and incentivizes miners to do useful work. A key component of the Filecoin economy is block rewards, which are subsidies for storage miners to provide reliable and useful storage capacity and maintain the Filecoin blockchain.

Most blockchains use cryptocurrency tokens to reward miners who produce blocks to successfully mine new blocks in the chain. Filecoin is no different in this respect. The Filecoin blockchain has grown through successive rounds of leader elections. Any miner who wins the leadership election and is therefore selected to mine a new block will receive a certain amount of Filecoin tokens as a block reward.

But whether it is the method of determining who receives the collective reward or the incentive method used in the process of obtaining the reward, Filecoin's overall reward system is unique. This improves the usefulness of the Filecoin network to miners and customers and ensures its long-term health.

01 For miners: get block rewards for useful work

Storage capacity is the engine of the Filecoin blockchain. The miners allocate hard disk space to the Filecoin network through a process of "sealing" to obtain storage capacity. Sealing divides the storage space into multiple sectors, specifically for storing data on Filecoin. The more storage departments miners add to the network, the more client data they can store, and the more Filecoin they are eligible for.

Miners obtain the right to participate in leader elections by providing storage functions for the network. Block rewards are awarded based on the storage capacity that Filecoin storage miners can provide based on the quality multiplier of different transaction types in their storage.

Miners receive an overall reward that is proportional to their quality adjustment ability; miners who contribute 1% of the network's overall quality adjustment ability are expected to receive approximately 1% of block rewards over time.

Unlike traditional proof-of-work blockchains that require miners to perform computationally intensive but useless tasks to win block rewards, Filecoin miners earn block rewards by proving that they provide reliable and useful storage for network clients. Anyone can contribute storage resources to the network and start earning rewards immediately. In addition, it greatly encourages miners to store useful data-cryptoeconomics greatly subsidizes actual customers' storage on the Filecoin network. This incentivizes legitimate use cases and emphasizes Filecoin's core mission of storing humanity's most important information. So, for example, data sets that help us study the universe or cure diseases can gain more weight on the Internet.

02 For customers: Use block rewards to subsidize storage fees

The Filecoin network aims to provide customers with reliable and useful storage. In traditional proof of work, blockchain miners can choose to go offline at any time. In this case, they no longer receive a lot of rewards, but they are not affected. In contrast, Filecoin miners must provide continuous storage services to their customers in accordance with the customer's contractual agreement. If Filecoin miners go offline when signing a contract with a customer, it will damage the value of customer service and damage the health and reputation of the network.

In order to incentivize miners to provide stable services, the Filecoin network requires miners to use their collective rewards as collateral. If the miner terminates the contract early or goes offline, the miner will be punished and the collateral will be called "substantially reduced." In this way, the Filecoin protocol uses block rewards, not only to first incentivize miners to store data, but also to store data in a durable manner and keep the promise to customers and the network.

Storage customers have the right to share the products and products of the Filecoin network because miners are incentivized to meet customer needs. Meeting demand and building applications and tools on Filecoin to better meet customer needs is also in the best interests of storage miners.

03 For the network: block reward based on network utility

Many blockchains encourage early adoption by applying exponential decay models to the rate at which miners receive block rewards. This means that in the early stages of the blockchain life cycle (participation and utility are usually the lowest), and then rapidly decline, mining can be profitable exponentially. This model encourages storage miners to make excessive investments in hardware as soon as possible during the closed phase of mining, almost without considering the reliability and practicality of their storage. In addition, this will result in most network subsidies being paid only based on time rather than the actual amount of storage (and value) provided to the network.

In order to encourage consistent storage support and long-term storage investment, rather than just fast sealing, Filecoin introduced the concept of network benchmarks. The concept of "network time" is defined in terms of the progress made by the network in meeting its benchmarks. Not to mint tokens purely based on elapsed time, but to expand rewards based on how much "network time" has passed. This retains the shape of the original exponential decay model, but can soften it in the first few days of network establishment. The overall result is that Filecoin's rewards to miners are more closely matched with the utility they and the entire network provide to customers.

Specifically, a hybrid exponential casting mechanism is introduced, in which part of the reward comes from simple exponential decay, that is, "simple casting", and the other part comes from the network baseline, that is, "baseline casting". The total reward for each period will be the sum of the two rewards. With this mechanism, mining Filecoin will be more profitable. Simple casting allocation will disproportionately reward early miners and put pressure on the impact. As more value is created for the network, the baseline mining distribution will mine more tokens. When the network can unleash greater potential, more tokens will be minted to facilitate greater transactions. This will lead to an increase in network value creation and reduce the risk of excessive coinage.

There are many functions to make the transfer of baselines more efficient and economical, and release more baseline casting. The community can unite to achieve the following goals:

The higher-performance copy proof algorithm, less chain occupation, faster verification time, cheaper hardware requirements, and different security assumptions make the service life of the sector longer, and the sector can be upgraded without resealing.

A more scalable consensus algorithm that can provide greater throughput and process larger quantities with a shorter termination time.

More trading functions make the industry longer.

Finally, it should be noted that although collective rewards can motivate people to participate, they cannot be regarded as resources that can be used. This is a common subsidy pool that can seed and expand the network to benefit the economy and participants. The following examples illustrate the different stages of the economy and different sources of subsidies.

04 Summary

Block rewards are one of the many encrypted economic structures that Filecoin uses to complete its mission of establishing a reliable and useful storage economy. Participants convert raw materials into valuable storage-related goods and services. Through a unique block reward structure, the Filecoin protocol aligns the incentives of miners and customers with the long-term utility of the network.

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1 What is IPFS Interplanetary File System. IPFS is a distributed Web point-to-point hypermedia protocol. It can make our Internet faster, safer, and more open. The goal of the IPFS protocol is to replace the traditional Internet protocol HTTP. 2 Why is there IPFS As we all know, the Internet is built on the HTTP protocol. The HTTP protocol is a great invention, and it enables the rapid development of our Internet. However, with the development of the Internet today, the deficiencies of HTTP have gradually emerged. Centralization of HTTP is inefficient and costly The HTTP protocol is used to download complete files (webpages, videos, pictures, etc.) from the central server every time, which is slow and inefficient. If you use P2P download, you can save nearly 60% of bandwidth. P2P divides files into small pieces and downloads them from multiple servers at the same time, which is very fast.

Web files are frequently deleted Recall whether a certain page you like often returns 404 (page not found) when it is used. The average life cycle of an http page is only about 100 days. Web files are often deleted (due to high storage costs) and cannot be stored permanently. IPFS provides file history version backtracking function (just like git version control tool), you can easily view the history version of the file, and the data can be stored permanently Centralization limits the development of the network Our existing Internet is a highly centralized network. The Internet is a great invention of mankind and an accelerator of technological innovation. Various control measures can threaten the functions of the Internet, such as Internet blocking, control, and surveillance. These all stem from the centralization of the Internet. Distributed IPFS can overcome the shortcomings of these networks. Internet applications are highly dependent on the backbone network The backbone network is affected by many factors. Wars, natural disasters, Internet control, centralized server shutdowns, etc., may disrupt our Internet applications. IPFS can be used as an

3 Goals of IPFS IPFS is not just for speeding up the network. Will eventually replace the HTTP protocol, making the Internet stronger and more convenient. 4 What is included in IPFS IPFS is a protocol, similar to http protocol Defined content-based addressing file system Content distribution Technology used: distributed hash, p2p transmission, version

management system IPFS is a file system There are folders and files Mountable file system IPFS is a network protocol You can view Internet pages such as http In the future, browsers can directly support the ipfs:/ or fs:/ protocol IPFS is a modular protocol Connection layer: connect through any other network protocol Routing layer: Find the location of the location file Data block exchange: using BitTorrent technology IPFS is a p2p system Global P2p file transfer network Distributed network structure No single point of failure IPFS was born from CDN Adding files to the IPFS network will speed up CDN worldwide Bittorrent bandwidth management IPFS has a naming service IPNS: Based on SFS (Self-Certification System) naming system Can be bound to an existing domain name system. For more good articles, you can follow the blogger to scan the QR code below, add the corresponding contact information, welcome everyone to like and exchange.

Let the blogger introduce IPFS today!

To understand IPFS, you must first know what HTTP is, because the emergence of IPFS is iterative HTTP.

I think everyone is familiar with HTTP. When we need to open a website to search and download certain information, we use HTTP. It is the underlying hypertext transfer protocol. It was released in 1996, and it has been 25 years since its contribution to the world is obvious to all. But over time, people gradually discovered his shortcomings. His operating principle is to concentrate all data on a central server. The server must be on for 24 hours. The load pressure is extremely high, which can easily cause the system to crash and be vulnerable to DDOS attacks. Once the above problems occur, data loss and irreversibility will occur. I believe that when you search for a 404, it means that data is lost, deleted, or maliciously tampered with.

It is for this reason that the smart brains in the world begin to collide with each other. So in May 2014, Juan Benet, who graduated with a master's degree in computer science from Stanford University, founded the protocol laboratory. The protocol laboratory is a laboratory for research, development and deployment of network protocols. It is committed to building protocols, systems, and tools to improve the way the Internet works, and it focuses on how to store, locate, and transmit information. Its goal is to solve the shortcomings of the traditional Internet through new technologies, good user experience and open source methods, and IPFS was born.

The Chinese translation of IPFS is "Inter Planetary File System" (Inter Planetary File System), which is a basic point-to-point hypertext file transfer and storage protocol. Simply put, HTTP puts eggs in a large basket, while IPFS puts eggs in baskets all over the world.

The purpose of the birth of IPFS technology is to iterate HTTP technology to solve the above-mentioned drawbacks. IPFS stores files in multiple nodes close to users, and the storage is fragmented. Traditional DDoS attacks are invalid, files are more secure, the closer the distance, the faster the download speed, and the storage cost will be reduced. What's more advanced is that due to the use of blockchain technology, historical versions can be traced back and theoretically can be stored forever. So the emergence of IPFS is iterative HTTP, its technology is more advanced, the use cost is lower, and the operating conditions are more convenient.

Over time, IPFS technology has been used in many applications around the world. Internet giants are deploying IPFS, foreign countries such as Google, Microsoft, Oracle, Amazon, Facebook, Huawei, Ali, Tencent, JD, Baidu, etc., this also illustrates a problem. The global consensus on the value of IPFS is unified, because the emergence of this project is to replace HTTP, that is, to provide humans with safer, more efficient, and cheaper storage technology. Data is an important cornerstone for recording the development of human civilization and a weather vane for the development of human civilization in the future. Without data, there is no future. With the exponential growth of data generated by the rapid development of civilization and technology, data storage technology is also constantly iterating, just as the technological revolution develops to the information revolution. IPFS is the future of data storage.

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Currently, the popular meta universe is marked by immersive networks. To build a virtual meta-universe world, relying solely on these computer hardware is completely insufficient. It also requires augmented reality (AR), virtual reality (VR), and most importantly, a brain-computer interface as a tool. If people want to truly experience this real two-dimensional world, they will inevitably need the support of VR/AR equipment. VR and AR are the only way for Metaverse to go from concept to reality. The development of the meta universe also heralds the rise of VR and AR.

In October 2020, Facebook launched Oculus Quest2, triggering another VR boom. 5 times more than the first generation.

The fundamental reason for the sudden rise of Metaverse in 2021 is the innovative development of the VR industry.

As the current technical level is not perfect and the hardware level is limited, a new technology called VR box launched in 2021 solves the above problems and allows users to have a more realistic experience. However, VR headsets that provide a better experience will have to rely on the host, which not only greatly increases the cost, but also loses freedom.

Abundant 6D and 4K technologies have greatly improved the user's visual and interactive experience, and the iterative upgrade of the chip has greatly improved the performance of VR products. The overall performance of the device on the Oculus Quest2 is 4.5 times that of the 2016 Snapdragon 820. The rise of 5G network has helped Metaverse solve the problems of poor network speed and poor experience, thereby solving some fundamental problems. The combination of 5G and VR/AR technology may bring advantages to the "post-smartphone" era.

The latest technologies such as XR, 5G, and cloud computing continue to evolve, forming the foundation of the meta-universe. XR is the first entrance to the meta universe. The blogger believes that IPFS is the most important infrastructure of Metaverse. The 5G/6G network is based on Metaverse. Wireless access to communication channels and blockchain technology will form a meta-universe system.

Software occupies an important position in Metaverse's value chain. In addition, the three major Internet operators are actively deploying cloud computing to provide independent infrastructure support for the construction of Metaverse.

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IPFS is the underlying Internet protocol for hard disk sharing and is mainly used to access data. Simply put, IPFS can create a storage network that allows more people to share idle storage space while earning income. This kind of storage mode in which everyone can participate in shared hard drives is called distributed storage. Why do we need this distributed storage technology? You know, today's Internet technology is actually divided into three parts, namely computing power, storage and broadband. This part of storage can be said to be the foundation of the entire Internet.

IPFS and blockchain are perfect. You can use IPFS to process large amounts of data and put a fixed IPFS link into the blockchain instead of putting real data into the blockchain. At present, the biggest problem with most public chains is that they cannot store large amounts of data on their own chains.

The biggest advantage of IPFS is that it can make full use of space and space and files in public spaces, and provide fast dissemination capabilities. The basic technology of network communication, the example default network protocol http. More than 100 projects use IPFS to store data and files on the blockchain, thus becoming one of the important infrastructures of decentralized networks.

It can be seen from the above that IPFS distributed storage technology is faster, more secure, and lower storage cost than traditional HTTP centralized storage technology, and as time goes by, more and more companies or enterprises use it. IPFS distributed storage technology will only be faster, safer, and cheaper. Therefore, with the advent of the 5G era and the explosive growth of data, the future IPFS distributed storage technology will replace the current centralized storage technology.

IPFS distributed storage can reasonably handle the core problems caused by HTTP. IPFS will use the storage of the blockchain and use the computer hard disk as the node to store our data in the central system again. Cutting the frequency of data into fragments and storing them in peripheral nodes can ensure the security of the data, and the transmission speed is faster, the scale is larger, and the goal can be achieved in the future. The blogger predicts that it can reach at least $1,000 in the future.

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When the Filecoin project was launched, I believe everyone has heard of it, so what is the revenue of Filecoin mining? Is it worth mining? What's the outlook? Let's take a moment to find out!

"BTC" was initiated by Satoshi Nakamoto on November 1, 2008. Nakamoto developed the first client program that implements the Bitcoin algorithm, and mined the first Bitcoin on a small server in Helsinki, Finland. A block-the creation block, and get a reward of 50 bitcoins, which marks the birth of bitcoin.

BTC uses point-to-point technology to decentralize digital currency, and directly trade and distribute via the network. It is a virtual encrypted digital currency in the form of P2P. Over the past ten years, Bitcoin has been seen as an outlier, it has created a new asset class that may have accumulated wealth for generations

IPFS is the best solution to solve the blockchain problem.

Since its inception, BTC was once regarded as a Ponzi scheme and has received widespread attention from the market. Its market value continues to stage a "roller coaster" with the ups and downs of the market. The initial price of Bitcoin in October 2009 was approximately $0.00076. In November 2010, the price of Bitcoin on the Mt. Gox exchange reached US$0.5 per coin. Bitcoin reached $19,850 on December 17, 2017. The highest price of Bitcoin before 2021 is $41,900.

BTC provides a safe and fast transaction method. In the P2P network, Bitcoin uses a distributed database composed of many nodes to confirm and record all transactions, and uses cryptographic technology to ensure the safety of all aspects of currency circulation. It is the first choice of many investors.

In recent years, with the iterative technology of IPFS distributed storage, the rise of FIL coins, and the IPFS/Filecoin mainnet, more and more investors have begun to pour into this market, FIL is also known as the next Bitcoin. Filecoin is an incentive layer on the IPFS distributed storage network. It attracts people to contribute storage resources, search services, and broadband resources to the IPFS network by issuing FIL, thereby building a powerful new Internet, which we call Web3.0.

The investment advantages and value of Filecoin in the future

Storage is income, and the proof of work of Filecoin and BTC is different. Filecoin only needs to provide storage space and broadband to meet the needs of obtaining identity certificates. Therefore, Filecoin can fundamentally improve human efficiency and is a true sharing economy, which can greatly promote the use of storage resources.

Because Filecoin is based on the powerful IPFS protocol, and due to the large number of applications of IPFS, Filecoin as the incentive layer of IPFS will inevitably get more recognition, further pushing up the price of Filecoin.

Blockchain is an extension and application of encryption technology, but its shortcoming is that the ability to carry data is too small. With the advent of the 5G era, facing the rapidly growing market of data, IPFS/Filecoin fills this gap and brings blockchain Great vitality and development came.

Filecion is the wealth myth of the next generation.

Some people say that Filecoin will become the next Bitcoin that creates a new generation of financial myths! First of all, the essence of Filecoin is the sharing economy. It provides the possibility of efficiently using storage devices and networks and reducing the cost of data storage and transmission. This will be the reason for becoming the next Bitcoin. At present, Filecoin is the real digital currency application landing.

As the infrastructure of the blockchain, IPFS and Filecoin together provide the best choice for data storage, and its future status is unshakable. It is also the source of investors' confidence in Filecoin.

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Filecoin was launched on the mainnet on October 15, 2020, and it has been more than 11 months. After the mainnet went live, China has a high degree of consensus on the project, and there is also a certain consensus on a global scale.

Why is there such a high consensus in China?

Because China is the most populous country in the world and the second largest economy in the world. Therefore, many Internet technology companies in mainland China are generally aware of a problem. Such a large population will generate a lot of data. Therefore, Chinese Internet giants have begun to deploy their own data room to reduce storage costs. But with the development of time, after a certain period of time, the computer room for storing data is no longer enough, so these companies will continue to expand their own computer rooms.

The emergence of IPFS technology at this time will solve this problem well. It can use all the idle storage space in the world, and then use the idle storage space through the corresponding technology. One of the most successful projects of IPFS is the emergence of the Filecoin project, which is the only incentive layer of IPFS. It incentivizes those who have free storage space to store data, thereby obtaining file currency rewards. At this time, a large amount of unused storage space in the world can be used, and this storage space will also bring benefits to suppliers. The process of storing data is called mining.

In order to better manage the filecoin network, the government has formulated a complete economic model. Prevent the filecoin network from being malicious and make the filecoin network more stable development.

There are currently two ways to obtain filecoin.

1. It is the purchase interaction of the exchange, but as the price fluctuates, it will affect the income.

2. Obtained through mining. Mining requires a storage server to store data.

Due to the relatively high technical and environmental requirements for filecoin mining, it is more difficult for miners to mine at home. Therefore, general mining machines need to be placed in the IDC machine room to maximize revenue. Generally, small miners put their machines in the IDC room of large miners for mining. Therefore, if you want to become a filecoin miner, you need to buy mining machines from large miners and pay for hosting and technical services. You can check the income of your own mining machine through the mining machine APP, and then withdraw coins to the exchange for trading.

The above is the simplest and safest filecoin mining model. This model is very popular in China, and many people have also benefited from it.

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At present, the main value expression form of the traditional Internet is content publishing platforms, such as Douyin, Youtube, Instagram, etc. What is the value and market capacity of content publishing platforms?

Obviously, centralized content publishing platforms have become very popular, the market is huge, and huge value has been created.

Is there a decentralized content publishing platform?

The new generation of Internet, bringing the traditional Internet to the blockchain, has extraordinary significance and value.

Today, decentralized content publishing platforms include EOS, but due to over-centralization, they are gradually excluded from the mainstream blockchain value system. To build a decentralized streaming media content publishing platform Theta on the blockchain, the vision is very good, but there is no mention of how to achieve it.

How to realize a decentralized content publishing platform?

Three issues need to be resolved. First, it solves the problem of storage decentralization.

The current IPFS/filecoin solves the first problem, decentralized storage. In the field of distributed storage, IPFS, as a leader, has the most extensive consensus in the world.

Compared with centralized storage, distributed storage represented by IPFS has the advantages of high security, good stability, low storage cost, fast transmission speed, and strong privacy. From a practical perspective, distributed storage has dimensionality reduction attacks on centralized storage.

The gradual large-scale application of IPFS distributed storage technology will become the future of Web3 data storage. Therefore, the deployment of distributed storage technology IPFS by Douyin's parent company ByteDance is a manifestation of this trend. The company's official website recruitment shows that it has begun to recruit "edge/blockchain storage R&D engineers" who are responsible for the design, development and optimization of large-scale distributed storage system software. Familiar with mainstream distributed storage systems such as IPFS interplanetary file system is preferred.

Audius is the first partner of Douyin in the field of music streaming. It has used IPFS for storage, which can ensure the artist's control over his own music, and provide an anti-censorship platform for the expression and dissemination of artistic works and works, so that the works are genuine Be authentic. It belongs to the creator and can freely share, monetize and listen to any audio.

In this way, the decentralized storage IPFS has been applied.

Secondly, it is necessary to solve the decentralized bandwidth, that is, the traffic problem.

BZZ partially solves the problem of decentralization of bandwidth and traffic. However, BZZ only uses decentralized traffic settlement, and its traffic verification mechanism is not perfect, which led to the failure of the BZZ project.

Finally, the problem of decentralized high-performance transactions must be solved.

The high performance of the blockchain is the problem of TPS. These include Ethereum 2.0, and many so-called high TPS blockchains, such as Solana, have not succeeded in solving high-performance problems. But technology accumulation has reached a certain height.

It can be seen that a decentralized content publishing platform is already gaining momentum and is about to be born.

Why do Douyin and Audius use IPFS and switch to a decentralized content distribution platform?

A decentralized content publishing platform that can host China's Douyin, Kuaishou, iQiyi, Tencent Video and other applications. Therefore, the prospects are very broad. Due to the traditional web2.0 Internet streaming media industry, the market value of these platforms has exceeded one trillion US dollars and is showing an explosive growth trend. With such a good development, why do we need a decentralized content distribution platform?

First understand the advantages of a decentralized content publishing platform.

In the traditional Internet industry, content distribution is mainly divided into two parts,

The first is professional content producers, such as China's iQiyi and Tencent Video.

The main costs are traffic costs, storage costs, copyright fees, production costs, etc. Therefore, it is difficult for iQiyi and Tencent Video to make a profit, and even lose money year after year. Among these factors, the main reason is high traffic and high storage costs. As long as there is a decentralized content distribution platform, more than 90% of traffic and storage costs can be saved.

Decentralized content publishing platform infrastructure providers, such as the decentralized storage project Filecoin, storage providers do not care how much traffic and storage fees the platform pays, they are more concerned about how many block rewards the Filecoin project can give him. In this way, a large amount of money can be saved in the initial stage of building a storage server on the platform, which greatly reduces the operating cost of the server.

Therefore, the traditional application is transferred to the decentralized content publishing platform, and the situation of financial pay, pay, and buy platform has been realized. In normal times, it can greatly save costs and achieve rapid profitability.

The second type is content produced by ordinary users, which is also called personally produced content. For example, China's Douyin, Kuaishou, Toutiao, etc.

Individual content producers are disadvantaged groups and have no bargaining power or the ability to bargain with the platform. Want to publish your video content? How many times has your content been viewed or played? How much should I pay? Will you be muted? All this, the platform has the final say.

Therefore, in the traditional Internet industry, the lifeblood of individual content producers is controlled by the content publishing platform. If it is a decentralized content publishing platform, then content creators can publicly know how many times their works have been read, how many times they have been viewed, and how much revenue they have earned. Since then, production relations have changed.

Whether a new technology is valuable depends on two aspects.

First of all, can it improve quality and efficiency and reduce costs?

In addition, can new production relations be created?

The decentralized content publishing platform not only improves product quality, reduces costs, but also changes production relationships. Therefore, compared with the traditional Internet content publishing platform, it is extremely valuable, the value is ten times or even one hundred times. It can be seen that Audius and Douyin chose IPFS and turned to a decentralized content publishing platform.

Ue to the implementation of Filecoin ecology, traffic and high-performance transaction solutions, in addition to Audius and Douyin, other centralized content distribution platforms will also turn to decentralized content.

Web3.0 is just a segmented application, and the market size of decentralized content publishing platforms has reached trillions of dollars. As the foundation of web3.0, IPFS/Filecoin decentralized storage will have a big market! This is a great asset! At the same time, IPFS/Filecoin will run through the entire web3.0.

The blogger believes that to become a Filecoin storage provider, you can get the dividends of an era without too much effort, just like riding the wind and the waves. Times Dongfeng leads you to success.

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The Internet has developed rapidly around the world, slowly developing from the original Web1.0 to Web2.0, and now it has entered the Web3.0 era. We cannot predict what Web3.0 will bring to the world, but it will definitely change the world. Although it is still in its infancy, this small progress is also a major change.

The development of Web3.0 is inseparable from the support of data, which requires a large amount of data as a carrier to build the entire Web3.0. Compared with the previous data storage space, the current data storage space is far from enough. More importantly, Web3.0 data needs to be stored. Therefore, IPFS decentralized distributed storage came into being. The birth of IPFS not only solves the problems of today's digital economy development, but also solves the problem of secure storage of network data.

Today, the Web3.0 era has quietly started, and the popular NFT and Metaverse are both products of Web3.0. For NFT and Metaverse to succeed, they must use IPFS distributed storage technology to store a large amount of valuable data. Without IPFS, there would be no Web3.0. This is not an exaggeration.

IPFS was proposed 14 years ago, and its only incentive layer, the Filecoin mainnet, was launched on October 15th last year. Through consensus, it slowly entered the public's field of vision.

Before the Filecoin network went live, governments, investment institutions, and major well-known companies in some countries had already begun to deploy the application of IPFS distributed storage technology. Today, after nearly a year of development, the effective computing power of the entire network has reached 10EB, and the block height is 1.11 million. It is still growing steadily. This storage space is huge and effectively solves the storage problem.

Due to the relatively weak digital economy and weak data storage in coastal areas, with the implementation of my country’s new infrastructure and the implementation of the 14th Five-Year Plan for the digital economy, the total amount of global data has exploded. Related policies such as the "Data Security Law" The introduction. The existence of storage problems means that economic development is hindered. These include the "Chinese Academy of Sciences Distributed Storage Joint Storage Laboratory", the "China Big Data Summit, IPFS Distributed Storage Seminar" sponsored by the Sichuan Provincial Government, and the Hangzhou "World Blockchain IPFS Conference". People's Daily Online is the first to try distributed storage, and they all tell us that data storage will flourish.

Why do so many people agree that IPFS is optimistic about FILEcoin? This is because of its future value. The value may not be high in the short term, but every revolutionary change takes time, and it takes time to replace the traditional HTTP that has been in use for decades.

With the advent of the 3.0 era, IPFS distributed storage is changing the Internet world. Today, the rapid development of big data, 5G, artificial intelligence and other technologies has accelerated the global digitalization process. Although IPFS is still a long way from realizing applications, for IPFS, it just lacks an interface for application landing. With the development of FILecoin mining technology, IPFS will go faster and farther on the road of future network applications.

Making value investments is a long-term business. Six years ago, 98% of BTC and ETH speculators did not benefit from the $400,000 BTC price increase. Only those who have been mining until now can get these benefits. Since IPFS/Filecoin is the leader of the blockchain 3.0 revolution and distributed storage, FIL is the best choice for value investment.

For long-term investors, sluggish currency prices mean lower costs, and the correct investment method is to get the most benefit from rising currency prices. Everyone's money is hard-won, so you must cherish it, don't lose money, make more money, and ultimately maximize your benefits. Cognition is very important to a person, knowledge determines wealth! The Chinese writer Lao She's "Camel Xiangzi" is undoubtedly the best interpretation of this concept, a person is poor-the source of lack of knowledge! You must know that poverty is the greatest poverty of a person. Living within my own boundaries, I thought I had seen the whole world. In the end, only good opportunities will be missed! The higher the level of cognition, the more open the mindset, the more able to accept different perspectives and plan for the future. The lower the level of cognition, the more stubborn, unwilling to accept new ideas, and gradually lose contact with the future!

Only by grasping the pulse of the times, going deep into the blockchain, and starting from our own reality, can we have a better future.

Don't expect FILecoin to rise to 10,000 US dollars each, even if it rises, you may not be able to hold it;

Don't expect FILecoin to fall to $5. Even if it falls, it may not necessarily be bought.

You can't control the price, but the price can control your mood.

FILecoin, you have to participate, if you do not participate, you will regret it.

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Today, I will take you to review the changes in the first anniversary of the mainnet launch of the Filecoin star project?

As the most promising distributed storage project in the blockchain industry, Filecoin has always been a leader in this field.

After the mainnet went live, Filecoin's grand blueprint for building web3.0 and building a distributed storage infrastructure gradually became a reality.

With the emergence of emerging technologies such as 5G and big data, the data market has grown exponentially, accelerating the rapid release of data value. The disadvantages of traditional centralized storage have become increasingly prominent, and distributed storage represented by Filecoin has quietly emerged. As a powerful and active distributed storage network, Filecoin adds incentive permanent storage to IPFS. Users can safely store data on the Filecoin network, which opens the door to many blockchain applications and landing scenarios.

Of course, the development of Filecoin has not been smooth sailing. After the initial price bubble after the launch, the price trough in early 2021, and the present value, achieved a leap from quantitative change to qualitative change. Although every step is difficult, every step is beautiful!

Next we look down:

Effective computing power growth continues to hit new highs

Filecoin effective total computing power growth trend chart.

As can be seen from the above figure, the Filecoin mainnet has been online for several months, and the storage volume has shown a rapid growth trend, continuously setting new highs, and realizing the continuous improvement of the ecological structure and comprehensive competitiveness. The effective total computing power has also increased from 0.7EiB at the initial launch to 10EiB now. What is the concept of 10EiB? Let's analyze it for everyone

10EiB=10240PiB;

10EiB=10485760TiB;

10EiB=10737418240GiB;

10EiB is equivalent to 190 copies of the entire Internet archive;

10EiB is equivalent to the capacity of 45,000 Wikipedias;

10EiB is equivalent to 680 million years of continuous video calls;

10EiB is equivalent to storing nearly 3 billion high-definition movies.

Filecoin effective computing power monthly average daily growth chart.

According to statistics, with the rapid development of cloud computing, big data, Internet of Things, artificial intelligence and other information technologies and the digital transformation of traditional industries, the data generated and stored globally increased from 0.8 ZB in 2009 to 33 ZB in 2009 in 2018 By 2025, in February 2015, Juan Bennett also publicly stated on the social platform that he will jointly promote the 1ZIB storage goal of the file currency network. As of now, 1% of the total target has been completed. The data can clearly see that the average daily growth of monthly effective computing power has started from the 8.8PIB that went online last year, and now the average daily growth is about 50+PIB, and it is rapidly sprinting towards the goal.

※Factors affecting the growth of computing power

With the gradual expansion of Filecoin storage scale, how can storage service providers continue to maintain the current steady upward momentum and quickly achieve their expected goals? Next, IPFS&UNION will discuss with you the factors affecting the growth of Filecoin's effective computing power:

A. Hardware capabilities

As a representative of the POC project, Filecoin first needs to consider the hardware capabilities of the equipment: the quality of the hard disk, the performance of the CPU+GPU, and the speed of the network will directly affect the storage capacity and storage efficiency.

CPU: At present, the computing power machines on the market are mainly 16-core 32-thread, 32-core 64-thread, etc., which need to combine memory and software optimization capabilities. If there is not enough memory, using a multi-core CPU is a waste of resources, and the memory is redundant. Insufficient CPU threads can also cause a waste of memory space.

·The network is mainly considered from the aspects of operator, bandwidth, transmission method, etc., and network speed plays a vital role in storage.

B. Environmental impact

For the environment, the expansion of the file currency may choose a smaller initial state, which needs to consider the location and scale of the IDC data center, as well as the stability of the possible power system.

C. Software operation and maintenance

As a key part of the development of the Filecoin network, major manufacturers must not only consider the speed of packaging certification, but also pay attention to the establishment of a cluster system. As for the packaging and certification speed, it directly affects the competition in block production. The less time it takes to pack, the faster the data storage. Therefore, manufacturers need to optimize the operating status from all angles, the efficiency and adaptability of automated operation, and the real-time monitoring of operation and maintenance engineers, share the "ineffective" risk, improve the full set of system risk control, and achieve predictable, adjustable, and fully adjustable control.

If Filecoin packaging is compared to the skyscraper construction process, then the cluster architecture is undoubtedly the most important basic stage, requiring the storage of a single computer to be gathered together to strive for higher block production and packaging rights. In short, the more computers that join the cluster, the higher the processing power, packaging efficiency and coupling degree of the cluster system.

The relationship between computing power growth and storage service providers

Filecoin is a decentralized data storage network, where effective computing power refers to effective storage, that is, storage tasks that are actually completed by storage service providers. The higher the effective computing power, the greater the probability that the storage service provider will receive block rewards. The income of the storage service provider on the day mainly involves factors such as the effective computing power of the individual, the effective computing power of the entire network that day, and the output volume of the entire network that day. The calculation is as follows:

Real data promotes the commercial implementation of Filecoin

Daily income = personal effective computing power ÷ effective computing power of the entire network on the day × the number of output on the entire network on the day × the FILecoin price of the day (using USDT as the calculation unit)

Filecoin Plus is launched. For storage service providers, if they store verified customer data, the chance of receiving a reward may be as high as 10 times. By incentivizing storage service providers to store real data, the more effective the stored data, the higher the storage efficiency, and you will get more returns and more trust.

Real data promotes the commercial implementation of Filecoin

Filecoin monthly average effective order volume growth chart

The core mission of Filecoin is to store important human information. But at this stage, most of the packaged data in the Filecoin network is junk data. There is still a long way to go to convert 10EiB capacity data into valid data. How to solve the problem of introducing effective data is the direction that the government is currently actively exploring

The officially launched "Filecoin plus" and "FIL+Big Data" projects have achieved remarkable results. The number of effective data orders and the total amount of effective data storage continue to break through. The total effective storage volume increased from 5.39TiB in December last year to the current 167.27TiB, and the average daily effective storage order volume for the month also increased from a low of 27 to the current 992.

The official encourages storage service providers to store real data in various effective ways, provide a nutritious environment for applications based on the Filecoin network, and promote the rapid development of the IPFS network in the direction of real and usable commercialization. This is also what the Filecoin network wants to bring to the blockchain and the Internet. Important foundation.

Filecoin was launched on the mainnet on October 15, 2020. As the market has experienced huge volatility and market sentiment has also undergone many changes, the future value of Filecoin will be more valued.

From last year to now, a total of 3,035 storage providers have participated in network storage. In one year, they contributed a total of 9.58EiB of storage scale, with an average daily growth rate of about 27PiB. Moreover, as the network gradually matures and the number of participants increases, the growth rate of each EiB is getting faster and faster. From 61 days of the second 1EiB to 20 days now, the growth rate has increased by about 2/3

After the first anniversary of the brewing, the launch of Filecoin has begun to take shape. With the continuous improvement and update of technology iterations, industry applications continue to heat up, support capabilities continue to increase, and long-term value gradually emerges. In terms of data growth rate, Filecoin has created a self-circulating market economy with huge room for growth.

IPFS&UNION co-founder and CTO Mao Bisheng published a topic sharing entitled "Filecoin Block Anniversary". He shared three parts: the status quo of the network, ecological cooperation and milestones, and the upgrade of Lotus.

filscout.com data shows that the current network block height has exceeded 1.04 million, the effective computing power of the entire network has reached 9.59EiB, and the 30-day average daily growth rate has reached 52.05PiB. In addition, he also shared liquidity analysis, gas cost trends and single-T revenue calculations.

From the space race to the mainnet launch in 2020, to this year's various breakthroughs and cooperation, including the cooperation between Fenbushi Capital and Protocol Lab, the integrated oracle solution Chainlink, and the Livepeer x Filecoin storage server hosting joint pilot. Step by step, we have witnessed the rapid development of Filecoin and believe that the future development will be even better.

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Security: HTTP is centralized, and all traffic is directly carried on a centralized server. The load is extremely heavy, which is easy to cause system crashes. HTTP is also vulnerable to DDOS attacks; the storage method of IPFS is decentralized and fragmented. Distributed storage, hackers cannot attack, files are not easy to lose, and security is guaranteed.

Efficiency: HTTP relies on a centralized service network, the server is easy to be shut down, the files on the server are also easy to be deleted, and the server needs to be turned on for 24 hours; IPFS adopts the P2P network topology, and computers in the entire network can become storage nodes, and the nearby distributed storage is greatly improved. Improved network efficiency.

Cost: HTTP centralized server operation requires high maintenance and operation costs. Once a centralized database is attacked by DDOS or is subject to force majeure, all data will be lost; IPFS greatly reduces server storage costs and also reduces server bandwidth cost.