What is the difference between filecoin and BTC
the full name of IPFs is the interplanetary file system. It is a point-to-point distributed file system. Its goal is to build a more open, fast and secure Internet, and to supplement or even replace the existing Internet HTTP protocol. IPFs is not a blockchain or a project, but an underlying network transmission protocol
in 2017, protocol lab announced the establishment of filecoin, a blockchain project based on IPFs
IPFs is just an underlying transport protocol. Blockchain technology can amplify the role of IPFs, and IPFs will become an important underlying infrastructure of blockchain. This is why the protocol Lab of IPFs needs to set up a blockchain project filecoin based on IPFs
the relationship between IPFs and filecoin is just like that between blockchain technology and bitcoin. The former is the underlying infrastructure protocol, while the latter is an application
the main network of IPFs / filecoin is expected to be online in July 2020
now, with the main network online time getting closer and closer, the value of fil based on filecoin network is getting higher and higher, and the problem of asset security is imminent. The good news is that not long ago, the official support wallet TJ wallet of filecoin has been tested. I believe it will be released in the near future. You can experience it then~
Filecoin is a token on IPFs, and filecoin is a way to reward miners by contributing idle hard disks. Filecoin adopts a new algorithm (workload proof). In short, if you have enough hard disk capacity, the more filecoin rewards you get
The data structure of
IPFs is very simple, but it can be very powerful. It is an immutable data storage, much like blockchain
filecoin involves your idle hard disk in mining, and the bottom layer of filecoin is blockchain. So in mining, we need to do these things:
1. Storage
2. Transaction
3. Retrieval
Mining revenue comes from:
1. Prove the copied data, package transaction
2. Package block
speed is also related, who can make users accept the distribution content faster, who can get higher benefits. So, who has faster bandwidth, more powerful hard disk can have greater advantages. In addition, consensus mechanism plays an important role in hard disk capacity, which is completely different from bitcoin
IPFs is used to locate and transmit data and exists as infrastructure; Filecoin is the economic incentive system of IPFs
without filecoin, IPFs is difficult to start and work; The continuous development of IPFs provides an important basic support for filecoin, and the popularity of IPFs will affect the market's demand for more secure and efficient distributed storage filecoin
mining machine is the machine that you get filecoin, IPFs is a technology, and what we call mining is actually the incentive layer of this technology, which is filecoin.
