AToken Library: What you need to know about IPFS & Filecoin
Quick facts about IPFS & Filecoin
The InterPlanetary File System (IPFS), developed by Protocol Lab, is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. As a star project in 2020, IPFS is in contrast to traditional Internet protocol HTTP. It aims to build a distributed network web 3.0. Filecoin is an incentive layer on IPFS. Through token incentive model, it established a decentralized storage market on IPFS. Host earn tokens by proving storage of files; retriever earn tokens by retrieving files from the network.
At present, hundreds of applications have been developed on IPFS protocol. Over ten billion files have been stored on IPFS network and millions of nodes around the world have joined this network. Traditional Internet giants such as Google, NETFLIX, and Firefox already start to support IPFS protocol. Besides, EOS, ETH2.0 and Polkadot will also use IPFS protocol.
The filecoin mining case is unique. Unlike the usual mining chassis which only need the GPU slot, the filecoin mining case focus on the storage. Before we continue the story, we must know what is the filecoin and how it works. Similar to other blockchain coins like bitcoin, Ether, Litecoin or Ripple, the filecoin was built under the same technique. Whereas, it was not created to exchange with real money, but a token to attract people to join their blockchain storage platform.
Filecoin borrowed the idea to the storage application and used storage power to generate coins. Briefly, if a miner has more active storage capacity, he has more chance to win the priority to rent his storage to the users. He earns the filecoin as his repay and the filecoin is only the token to finish the transaction.
When user storage data under this protocol, the data will be crypted, replicated and dispersed itself to the nodes on blockchain supported by the Filecoin miners. Each node on the blockchain will save a record copy of the storage data. Therefore, the data won’t be lost because it builds a self-healing storage networks which can automatically detecting and repairing replica failures by the saved copies when facing threats.
From the description and the principle behind it, we know the filecoin/IPFS mining case is actually a storage server case. The only different between it and usual storage server case is it is controlled under the IPFS protocol.
How to participate the IPFS & Filecoin
The Filecoin output will be allocated according to the proportion of Filecoin cloud mining products purchased by the user to the total quantity in the mining pool. From the 8th day after the main network is launched, FIL output from Filecoin Cloud Mining product will be calculated and allocated daily according to TB quantity of the Filecoin in your AToken account. To reward users’ long-term support, AToken will launch a 50% off flash sale of Filecoin Cloud Mining product. All users can enjoy 181 USDT/T subsidy if they purchase Filecoin Cloud Mining product in AToken wallet.
You may also be interested in how the actual income of the product calculated. Here is the formula for income settlement: The user’s daily mining income = the unit(s) of computing power held by the user ÷ the total scale of DCPool x the daily number of tokens generated by DCPool x (1–15% of technical service fee). This time AToken cloud mining specifications are: 4GB/H/W input-output ratio, 0.12GB/H storage speed configuration, according to the theoretical calculation of 1T Filecoin Cloud Mining product daily estimate can mine to 0.2–0.5 FIL, but there should be some discrepancies in the specific values. It is recommended to pay attention to the actual data after the main live.
Sneak peek at the flash sale of Filecoin Cloud Mining product:
1. In this flash sale, user can only purchase Filecoin Cloud Mining product in AToken wallet;
2. Purchase limit: 0.1T-144T per user, and the unit price per 0.1T is 19.9 USDT (the original price is 38 USDT/0.1T);
3. Each wallet account can only purchase once, so please be cautious; if you want to purchase more Cloud Mining product, please contact AToken customer service in AToken Official English Telegram Group (https://t.me/ATokenEnglishOfficial);
4. Proof of Stake: 0.1TB/year Filecoin Cloud Mining rental service;
5. To reward users’ long-term support, users who succeed to purchase can contact customer service and gain BTC in AToken Lightning Network;
6. More details can be viewed in AToken wallet after the event goes online.
Download AToken and rush to buy Filecoin Cloud Mining product, participate in Filecoin 4M Testnet Incentive Program!
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