Not long ago, Inner Mongolia, Qinghai, Sichuan and other places have closed down Bitcoin mines and strictly prohibited mining. In particular, Bitcoin is a high-energy consuming industry, which is not conducive to ecological development and violates the concept of green energy conservation. Whether it is the coin circle or the mining circle, it has entered a panic period. Whether it is the three major coins or other cryptocurrencies, it has plummeted, and the whole coin circle has entered a bear market.

In this difficult period, miners of other currencies have withdrawn, as well as some time ago the fire of animal currency, has disappeared after the baptization of policy, including the Chia, BZZ project is now the heat has faded, but the miners of IPFS/FIL only increased, why? IPFS provides users with an efficient way to store data, and what extends it is to distribute large amounts of data to users, which can save a lot of bandwidth overhead and thus help users provide data content in a decentralized way.

Bitcoin was the first to be delisted due to a total ban on mining in China. Only IPFS/FIL is not banned, it is more approved. The IPFS blockchain distributed storage industry conference — China Web3.0 Summit will be held in Chengdu, Sichuan province, from July 15 to 17 this year to demonstrate the value and status of blockchain on the Internet. As we all know, HTTP is dominant in Web 1.0-Web 2.0.

The emergence of Web3.0 is a decentralized network. IPFS, as a distributed storage, will replace HTTP and perfectly combine with blockchain. Files that need to be stored are sliced and then stored to each node in slices. With the arrival of 3.0 era, IPFS distributed storage is changing the Internet world.

In today’s era, the rapid development of big data, 5G, artificial intelligence and other technologies has accelerated the process of global digitalization. Admittedly, IPFS is still a long way away from the real implementation of the application, but for IPFS, now is only the lack of application landing interface, but now with the development of IPFS technology, IPFS will go faster and farther on the road of future network application.

The distributed storage technology is very different from other storage projects in terms of differences and advantages. In some environments, distributed storage is very needed, while the centralized storage structure is too single. The two are complementary to each other to meet the needs of different environments.

1. Differences in access interfaces to meet the interaction of large file storage. GlusterFS and other mainstream servers have UNIX-like operating systems installed, while POSXI’s IO semantics support file storage. The Filecoin data store borrows from traditional POSIX semantics because the file is too large to hold a single data block and thus cannot meet the requirements of IPFS, so IPFS UNIXFS is required to split traditional POSIX semantics using a pluggable data sharding algorithm. Files with conventional POSXI semantics are sequentially stored bytes, while IPFSunixFS is a directed acyclic graph based on sharding.

2. This stage mainly focuses on cold storage, and later supports more large and small file storage with multi-cluster and multi-node applications. At the moment, Filecoin is still in its early stages of development. There are not many mature, full-fledged applications out there, and Filecoin is primarily a cold storage service. In the current Filecoin ecosystem, there are already several product plans for hot storage and small-scale file storage, as well as other new directions, and I believe the future will be more comprehensive.

3. Retrieve, limit the high throughput rate. Filecoin is currently similar to Ceph in that it can implement a dedicated file system for high-volume data searches, but the algorithms vary.

IPFS sets a unique hash value for each file (file fingerprint: created based on the contents of the file), and the hash value is different even when the contents of the two files are only 1 bit long. This approach enables IPFS to support addressing based on file content;

(2) IPFS eliminates duplicate files throughout the network, and establishes file version management;

(3) When querying a file, the IPFS network searches the file according to the hash value of the file (unique in the whole network);

(4) The hash value is not easy to remember and will cause transmission difficulties. IPFS uses IPNS to map the hash value to an easy to remember name.

(5) In addition to storing its own required data, each node also stores a hash table, which records the location of the file storage. Used for file query and download;

(6) Basically, IPFS solves the ultimate problem for us: data storage. The system can greatly reduce the cost of data storage and improve the speed of data download. IPFS was born to solve the current shortcomings of the Internet.

The consensus mechanism is the best encapsulation of how IPFS/Filecoin collaborates on data.

In the past, blockchain practitioners often felt like they were in the dark. Now, the explosion of the digital economy, the rise of new technologies, and the state’s attention to it have brought it fame and fortune.

All speculators will be eliminated in the innumerable ups and downs, finally reached a consensus!

After a decade of innumerable ups and downs, kicking out speculators, Bitcoin eventually accumulated a huge consensus, which is what makes it valuable.

Ethereum wasn’t worth a lot of money to begin with, but it’s worth it because it’s gone through countless ups and downs over more than five years, kicking out speculators and building consensus.

The trend leads the direction, the strategy guides the capital, and the capital creates the hot spot. For the valuable mainstream tokens, the use of blockchain skills to complete the project application will be mined and recognized by the market.

Filecoin is a decentralized cloud storage marketplace. Although the central cloud storage has the characteristics of high efficiency and popularity, it also has the problems of high cost, poor security, poor privacy and so on.

In addition, the Filecoin project offers decentralized cloud storage capabilities, which are characterized by low cost, high security, and high resource utilization.