filecoin
filecoin Post Review
Blockchain ranking by revenue last 7 days Someone is running really fast 🧐 $ETH @ethereum $BNB @BinanceChain $AVAX @avalancheavax $SOL @solana $BTC @Bitcoin $HNT @helium $MATIC @0xPolygon $FIL @Filecoin #Avalanche #AVAX #Blockchain #blockchaintechnology #Filecoin https://t.co/HLa0SGto5S
We won awards! 😍🏆 #QSTN is honored to have placed 2nd in the Bridge Contest and 4th in the #NFT contest for @encodeclub x @Filecoin 🤓 Thank you so much to both platforms for choosing us, and congrats to the other winners! https://t.co/1vhwvwiyff
🚨 New Podcast Episode🚨 My guest today is Jonathan Victor, Business Development and Product Lead at @protocollabs Topics: ▪️ The Growth of NFTs & Web3 ▪️ @IPFS & @Filecoin ▪️ Zero Knowledge Proofs and Rollups ▪️ Hardcoding Civil Liberties ▪️ Much more 🙏 @paraswap https://t.co/uY33A61xps
whenever I look at #Filecoin chart https://t.co/WvXe0jsdRb
Vivid Open Features: Cross-chain compatibility @filecoin integration for resilient NFT storage Fully functional React frontend w/ MetaMask integration Mintable multimedia #NFTs Onchain proof-of-ownership ERC-721 support Marketplace APIs What else can we add to the list? $VID https://t.co/CHar9Ey0o4
Our strategic partner @sinsotech is building a Layer-2 + infrastructure based on the #Filecoin #Web3 ecosystem, bridging the gap between the Filecoin network & #dApps. With SINSO, developers can quickly & efficiently build useful applications to advance the Filecoin ecosystem! https://t.co/JilLsSy8Pn
2/ @metaverseOrg is excited to collaborate w/ #Filecoin & @NEARProtocol to store virtual human avatar #metadata on @IPFS & #Web3. They've built cutting-edge virtual human engines, virtual celebrities & partnered w/ Gaming, GameFi & #NFT ecosystem projects https://t.co/PkiyxAiMkG https://t.co/Mt10sFxlHf
1/ @sinsotech is dedicated to #Filecoin Layer2, & is an infrastructure platform based on the Web3 ecosystem. SINSO will help the transition of various DAPP apps to #Web3 through service components & tools, valid industry data collation, & protocol docking. https://t.co/zDF5rn3Kv7 https://t.co/Fe7C64yE9k
#DApp #NFT #DeFi #BTC #ETH #EOS #TRON #Steem #IOST #Polygon #Filecoin #BSC #Klaytn MerryXmas u all !!!🎅🏻🎄🎅🏻🎄 👉RT + Like An Airdrop of 500 BTT🎁 88 winners will Random get the tweet reward. #CTBot Adrop Ram 500 BTT 88 https://t.co/UypXXGwcOP
Filecoin (FIL) aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare. Filecoin leverages its decentralized nature to protect the integrity of a data’s location. https://t.co/hzYCu3Ba54 https://t.co/RhAHtJA2Be
filecoin Q&A Review
Will filecoin be mineable now that it launched?
Yes Filecoin crypto can be mined. Hardware requirements The hardware requirements for Filecoin mining are tied to the computational resources needed to ,seal, a sector and generating regular ,Proof of Spacetime, for every sealed sector (,WindowPoSt,). The Filecoin network requires storage providers to run computationally expensive operations. The cost of these operations depends on which network the storage provider is running; some testnets use a smaller sector size to increase the speeds of transactions artificially. For reference, the requirements listed below correspond to ,32GiB sectors,, as used by mainnet and some testnets. Different Filecoin Miner implementations may distribute sealing tasks differently, for example, using additional workers apart from the Miner. The following are ,general, requirements assuming all the mining operations are performed by the same machine. Mining rewards In Filecoin, miners earn different types of rewards by contributing to the network. There are two main types of rewards for their efforts: storage fees and block rewards. #,Storage fees PoSt (Proof-of-Spacetime), window checks are performed on 24 hour intervals across the network to ensure that miners are continuing to host their required sectors as normal. Correspondingly, each storage miner’s set of pledged sectors is partitioned into subsets, one subset for each window. Within a given window, each storage miner must submit a PoSt for each sector in their respective subset. For each day a miner is inactive it will receive a fault fee. Storage fees, are the fees paid regularly by clients after a deal has been reached, in exchange for storing data. These fees are automatically deposited into a miner's associated withdrawal wallet as they continue to perform their duties over time, and are briefly locked upon being received. #,Block rewards Block rewards, are large sums that are given to the miner credited for a new block. Unlike storage fees, these rewards do not come from an associated client; rather, the network "prints" new FIL as both an inflationary measure and an incentive to miners advancing the chain. All active miners on the network have a chance at receiving a block reward, their chance at such being directly proportional to the amount of storage space currently being contributed to the network. The mechanism to earn the right to mine a new block is called ,WinningPoSt,. In the Filecoin network, time is discretized into a series of epochs – the blockchain's height corresponds to the number of elapsed epochs. At the beginning of each epoch, a small number of storage miners are elected to mine new blocks. Additionally to the block reward, each miner can collect the fees associated to each message included in the block. The number of blocks on every tipset is based on a Poisson distribution of a random variable with λ = 5. Miner implementations may use several strategies to choose which messages to include in every block to minimize overlap. Only the "first execution" of each message will collect the associated fees, with executions ordered per the hash of the VRF (Verifiable Random Function) ticket associated to the block. #,Verified clients To further incentivize the storage of "useful" data over simple capacity commitments, storage miners have the additional opportunity to compete for special deals offered by ,verified clients,. Such clients are certified with respect to their intent to offer deals involving the storage of meaningful data, and the power a storage miner earns for these deals is augmented by a multiplier. The total amount of power a given storage miner has, after accounting for this multiplier, is known as ,quality-adjusted power,. #,Retrieval fees Retrieval fees are paid incrementally using ,payment channels, as the retrieval deals are fulfilled (by sending portions of the data to the client. This happens off-chain.
Is Filecoin a good investment?
Every crypto is a good investment . New crypto’s will rise like QUAI DAO that is yet to come market. QUAI token circulating supply be limited to 20 million tokens for the next 12 months and will continue to maintain a tight supply policy, ensuring consistent and stable pricing on the markets for QUAI.
When will Filecoin be public for purchase?
All ICO tokens can be traded on exchanges once they are finished. The shortest time I’ve seen so far is Aragon, which went onto the exchanges Bittrex and Liqui pretty much straight away (maybe 30 minutes). The longest was Storj - which I’ve waited over 6 weeks for now. Each company can set the time they want to list the Token on the exchanges for.
What do you think of Filecoin?
Personally, I think Protocol Labs has a great team, a great product and a strong vision. The only problem (and it’s a big one) is that they feel it’s justified to ask for ,+$100 million in order to build an open source product,. Think about that for a second. Bitcoin didn’t even have funding when it launched, they just created a product and shipped it. Ethereum had a single fundraising round of $18 million in 2014 to build their platform. Yet somehow Protocol Labs (the company behind Filecoin) feels it needs over $100 million to be successful. I feel like we’ve gotten away from what really matters in this industry and just grabbing cash because it’s available.
What is so great about Filecoin in plain English, no jargon?
You have a photo of a giant panda. It’s a great photo and you’d like to keep it, but you’re rapidly running out of disk-space and you’d like to outsource the file storage. You have 2 options: Upload the photo onto a centralised file storage service like Dropbox. If Dropbox goes belly up or their service gets shut down, your files are gone. Upload the photo onto the filecoin network. People with spare storage rent out their disk-space to you ,ala ,Airbnb for file storage. So how ,will ,it work? Storage People with excess storage ,pledge, a ,sector, of their storage to the network and deposits a collateral of X amount of filecoin. If there is any evidence of wrongdoing the collateral is forfeit. These people are called ,storage miners. The storage miner then submits an ,ask ,to the network saying that his server is open for business. The ,ask ,contains the following information: The space that the miner is providing with this ,ask ,order. The price that the miner would like to charge for it. You as the ,client ,submits a ,bid ,to the network with the following information: The size of your panda photo file. The amount of time that you’d like to rent the storage for. The price that you’re willing to pay. The amount of collateral that you require from the storage miner in case something bad happens to your data. The filecoin network matches you with a suitable storage miner and uploads the file onto the storage miner’s server. The storage miner receives the file, ,seals ,it by creating a copy, and submits a cryptographic ,proof, to the network. The network will check the ,seal ,at various times, and verify that the file is indeed being stored correctly. When either the time of the contract or your money runs out, the network will disburse the funds to the storage miner. Benefits It’s Airbnb for your files! Concerns Here’s the thing: when you upload your file onto Dropbox, you’re not just buying storage. You’re buying peace of mind knowing that a team of dedicated engineers are working to ensure that their servers are up, that your data is encrypted, that backup copies are created, that no one else but you accesses your files, that you have someone to scream at when something goes wrong. There are no such guarantees with filecoin. A malicious actor can vacuum up data, forfeit their collateral, abscond with your files and there’s absolutely nothing you can do about it. You’ll be compensated for the loss of your data sure, but the malicious actor will still be out there doing unspeakable things to your precious collection of panda photos. Data security and privacy is a huge concern when it comes to cloud storage, and the problem with filecoin is that in their huge 36 page whitepaper used to raise their mega ICO, the team gave only a cursory one sentence caveat to data security. Achieving Confidentiality: Clients that desire for their data to be stored privately, must encrypt their data before submitting them to the network. In other words, it’s your problem. source: ,https://filecoin.io/filecoin.pdf
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