Is filecoin a virtual currency

1. Now the mainstream digital currency trading platforms are mainly coin security, fire coin and OK. The choice of trading platform mainly depends on the scale and security of the platform, so as to prevent the platform from running away or being attacked and stolen by hackers

2. From the 15th day after the excavation of the main network line of filecoin, daily settlement will be made and yesterday's 24-hour income will be released to the user's account. The proceeds will be paid to your account from 14:00 to 24:00 on the T + 1 day (t is the trading day). You can pay the proceeds to your account at & quot; My income & quot; Page to view revenue.

3. Filecoin is the project with the shortest time and the largest amount of private placement in the history of blockchain. It can make both short-term investment and long-term investment. In contrast, the ecell coin is also good (celletf. IO). ECall is the erc20 token realized through the Ethereum network smart contract. It adopts the block chain technology. All the transaction processes on the chain need the approval of each node in the network, and the whole process is transparent and open.

4. In May 2014, Juan benet, who graated from Stanford University, put forward the idea of IPFs. In 2015, he set up the protocol lab, which is specially responsible for the development of IPFs
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~

5.

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

6. Filecoin is a decentralized storage network that transforms cloud storage into an algorithm market. Miners obtain native tokens by providing data storage and retrieval. As the name suggests, customers pay miners to store, distribute and retrieve data.

7.

Filecoin is a token on IPFs, and filecoin is a way to reward miners by contributing idle hard disks. Filecoin adopts a new algorithm (proof of workload). In short, if you have enough hard disk capacity, you will get more rewards for filecoin. Filecoin promotes the development of IPFs through economic incentive mechanism. At the same time, filecoin network also needs IPFs to provide ecological support for its market development. The more IPFs network is used, the greater the demand for filecoin is; The more miners filecoin has, the more support it has for IPFs network. So IPFs and filecoin form a symbiotic relationship. The birth of filecoin is to support the development of IPFs, and IPFs also needs filecoin to enrich its ecology. The more IPFs is used, the greater the demand for filecoin is; The more miners filecoin has, the more IPFs it supports

fil

the role of fil -- filecoin is a decentralized distributed storage network and the only incentive layer of IPFs. Filecoin uses the blockchain token system to issue the token, which is referred to as fil. Based on IPFs protocol, filecoin constructs a decentralized storage trading market for cloud storage, including "storage" and "retrieval". This market runs in a blockchain with local protocol token (FIL), and miners can obtain fil by providing storage for customers; Similarly, customers can use fil to hire miners to store or distribute data. More people pay attention to filecoin because 70% of the tokens are released through mining, but many people still have some misunderstanding about the mining income of filecoin. What we call mining is actually a process of coin making, that is, the network releases the token through block reward, and then there is the circulation, transaction and use of the token, and the miners graally begin to have storage income and retrieval income. Like bitcoin, early miners got block rewards through mining. Then bitcoin was graally accepted by more people and began to be widely circulated and traded. At present, there are nearly 300000 transfers on the chain every day. In addition to block rewards, bitcoin miners also have the income of miner fees, that is, transaction fees. Therefore, in the early stage of the development of the filecoin network, miners are encouraged to contribute their own servers to build a distributed storage network by block reward. When the infrastructure of the filecoin network is completed and the security and stability of the network reach a certain degree, more and more institutions and indivials will start to store their data on the servers of the filecoin network, Miners began to generate the benefits of storage mining. With more and more real data stored on the filecoin network, there will naturally be retrieval needs, and miners will have the benefits of retrieval and mining

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8. The only similarity between the two should be that they are both virtual coins. The difference is that in terms of generation mode and energy consumption, filecoin does not need large-scale operation and consumes less energy, while bitcoin needs large-scale machine operation and consumes huge energy.