What is the concept of IPFS? I won’t repeat it here. If you still have doubts, please turn left when going out. Today, let’s talk about the meaning and relationship between Filecoin and FIL coins and IPFS.

What is Filecoin?

IPFS

The interstellar file system is the underlying communication protocol of the Internet. In essence, it is a distributed storage and transmission protocol with addressable content, versioning and point-to-point hypermedia.

Filecoin

Is a centralized storage network, is the incentive layer on IPFS, through the token incentive model to build a decentralized storage market.

FIL

The tokens issued by Filecoin are called FIL coins.

In fact, I often confuse IPFS with Filecoin, SLF5576, and even some unfaithful vendors who don’t have any ink in their stomach are just fooling around. When they are fooling customers to buy their products, they can’t even tell IPFS from Filecoin. They often say “digging FIL” means digging IPFS. It is straight to shake the small white friend when chives.

Recently, the rise of FIL has increased to the point that miners SLF5576 voluntarily want to send blades to the agreement laboratory. This is the only one that miners have boyboyted the increase in the price of the currency, which is also a bit ridiculous.

IPFS incentive layer Filecoin issued FIL coin this project is hailed as a world-class blockchain project, the next generation of decentralized Internet underlying protocol, trillion-scale cloud storage market.

Unlike many other coin issuers, which give most of their coins to their own insiders, most FIL’s are used as mining incentives, and the pennies mechanism for agreeing laboratories to FIL’s is painstakingly worked out.

The total number of FIL issued is 2 billion, and the specific distribution is as follows:

55% as a reward for mining;

15% as a miner reserve, to retrieve miners and repair miners;

15% is reserved for protocol LABS;

10% to investors;

Five percent is set aside for the Filecoin Foundation.

Like Bitcoin, FIL production is reduced, but unlike Bitcoin’s direct halving of production, FIL 6 is halved every year, with a linear monthly decline, producing 700 million in the first 6 years, 350 million in the second 6 years, and so on, releasing 99% of the FIL in the seventh 6 years (42 years).

It can also be seen that the agreement of the laboratory to FIL pay, dedicated to the design of the model can make FIL trend forward.

So even before Filecoin mainnet went live, it had sold tens of billions of dollars. This is the recognition of FIL, but it is also the reason why a few people don’t accept it. Why do you say that?

Before the main online, the official of mine machine configuration and economic model and so on all have no a accuracy, mill SLF5576 wasn’t sure whether after the main online need to be updated or replaced, banging drums and let customers to buy the mill, is also good, do the practical work of company met “dig banner bag fool company certainly is not in the minority.

Of course, at present, the price of FIL is also soaring, want to enter the field of friends is to polish your eyes, carefully clear, many aspects of investigation.

Do you think Filecoin’s release mechanism is perfect?