Produced | Odaily
Editor | Hao Fangzhou
Produced | Odaily
With the approaching of the Filecoin mainnet launch and the industry’s expectation of creating new rich myths, IPFS has once again become the focus. Many mining companies have obtained financing, and many large companies are also actively deploying distributed storage.
Today, the ecological scenario application based on the IPFS technology protocol has begun to take shape, and Filecoin is opening up the IPFS storage and retrieval market with a market value exceeding one trillion.
Click to look backClick to look back), Hou Feng, the founder of Mac Storage, delivered a speech on the theme of "Filecoin Ecological Construction and Value Revolution".
Hou Feng, who has been preaching in the Filecoin industry for three years, shared his understanding of the value revolution in the distributed storage market and the construction of the Filecoin ecosystem. Hou Feng compared the HTTP protocol, the centralized protocol of the traditional Internet, to taxis in the early years, and compared the IPFS protocol to online car-hailing. Taxis can only keep running back and forth to find customers, but online car-hailing is different. If there are customers who need to use the car, they can start again, so as to reduce the waste of resources and time, and vividly highlight the decentralization of IPFS. Advantages of the protocol in the storage market.
In addition, Hou Feng believes that the biggest landing value of Filecoin is the storage itself. Now the demand for data storage in the market is showing an explosive upward trend. Before the advent of 4G network, everyone thought that 3G network was enough. Even various cloud platforms have begun to appear. In fact, they have not appeared for a long time, but they have profoundly changed people's way of life.
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Compared with the HTTP protocol, the IPFS protocol has many advantages
Good afternoon, everyone. I am Hou Feng, the founder of Mac Storage. I am very happy to meet you here and share my personal feelings and some insights on Filecoin.
Now IPFS and Filecoin are very hot, even more "hot" than the summer in Shenzhen. You may have heard some news about domestic giants such as Alibaba Cloud, Huawei Cloud, and JD Cloud entering the distributed storage track one after another (and more Global technology giants such as Microsoft and Google, which have begun to deploy earlier). Some friends may have doubts, why can IPFS gather so many traffic effects in a short period of time? Here, I will do some simple science popularization for friends who don't know why.
In May 2014, Juan Benet, a graduate of Stanford University, founded Protocol Labs. The point-to-point hypermedia transmission protocol created by Protocol Labs is based on content addressing instead of location addressing. This protocol will format files into Fragments are scattered to different machines around the world for storage, and each file has a unique fingerprint, which greatly improves the problem of repeated upload and download of files under the HTTP protocol and waste of network storage space.
Compared with HTTP, the underlying protocol of network centralization, IPFS has many advantages, such as lower storage cost, higher data security, faster transmission speed, longer content retention time, and the advantage of being undeletable. IPFS has a wide range of application scenarios and a very bright prospect. However, it was not welcomed by the market at the beginning of its establishment, because there was no incentive layer to motivate it. IPFS is a decentralized network that requires a lot of nodes to support the operation and stability of the network.
At the beginning, there were some consensualists and geeks to help the network to run well. As time went on, the operation of the IPFS network without revenue was extremely unstable. Later, in 2017, blockchain projects mushroomed into the market. With the help of this wave of blockchain, Protocol Labs issued a token on the IPFS network through the underlying technology of blockchain. The project name is Filecoin , the purpose is to distribute rewards to those participants who contribute to the IPFS network. As the only token in the IPFS network, Filecoin is also the incentive layer of IPFS to motivate miners who contribute to the entire network and provide bandwidth storage machines.
In 2017, Filecoin raised funds in the industry, and won the favor of eight top investment institutions in the world, including Sequoia Capital, and raised 257 million US dollars in just one or two hours.
Filecoin's ICO strictly complies with the securities laws of SEC (U.S. Securities and Exchange Commission) and FCA (U.K. Financial Conduct Authority), and only allows qualified investors to subscribe, and subscribe through SAFP (Simple Agreement for Future Tokens) issuance filing. The above is my brief introduction to IPFS and Filecoin.
If the mainnet of Filecoin can be successfully launched from August 21 to September 21, it will have very far-reaching significance, which means that there will be two underlying Internet protocols in the world, and a new Internet will be born soon.
Let's talk about the relationship between Filecoin and IPFS. Filecoin is a decentralized storage network and the incentive layer of IPFS. Filecoin proposes an incentive mechanism, that is, uses proof of storage to mine, in order to reward storage miners for providing better quality storage services, and at the same time incentivize miners with better network or better response performance in the retrieval market.
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The HTTP protocol is like an early taxi, and the IPFS protocol is more like an online car-hailing
Next, step into the topic of our speech today - the ecological construction and value lifeline of Filecoin. I am going to start with my mental journey of preaching the Filecoin industry in the past few years, hoping to inspire and help everyone.
In 2017, I was working as an ETH mining machine agent, but because the entire mining machine market structure has gradually solidified, several large enterprises in the top have formed a monopoly pattern, and it is difficult to improve their careers. Coupled with price fluctuations and other factors, we have initiated a search for Initial ideas for new miner hardware and miner sales. In the process of searching for a relatively stable mining machine carrier, I came into contact with IPFS and Filecoin for the first time. After reading its white paper, I was deeply attracted by it. technology.
Filecoin is different from the white papers of some other projects on the market.The Filecoin white paper not only has a macro concept and a long-term vision, but also has practical technical details and business models.
To give an example, comparing the HTTP network to an early taxi, the IPFS network is more like an online taxi. Taxis can only run back and forth non-stop to find customers, but online car-hailing is different, as long as there are customers who need the car and then start it. The constant running of taxis is undoubtedly a waste of resources and time. So I plunged into IPFS and Filecoin evangelism. It has been three years since I left. I have also witnessed the continuous optimization and improvement of Filecoin. IPFS has also been recognized by more and more people. It is also a pity to see many peers. To leave, we crossed the river by feeling our knives, and the road was very difficult. Next, I will discuss some real application value and ecological prospects of Filecoin from several dimensions.
First of all, the biggest landing value of Filecoin is undoubtedly the storage itself. Now that the market is showing an explosive rise in data storage, who doesn't have a video entertainment platform like Douyin installed in their mobile phone? Before the 4G network came, everyone thought that the 3G network was enough, but after the 4G network is really rolled out, what will it bring us? Takeaway, mobile payment, live broadcast, short video, e-commerce shopping, and even various cloud platforms have begun to appear. In fact, they have not appeared for a long time, but they have profoundly changed our way of life.
A family documentary of a few minutes often requires hundreds of MB of storage space, and countless chat records, news news, entertainment videos, movie music, etc. are generated on the Internet every day, which requires astronomical data storage space. According to statistics, Facebook generates 4PB of data every day, including 10 billion messages, 350 million photos and 100 million hours of video browsing; on INS, users share 95 million photos and videos every day; 500 million pieces of information; according to the report "Data Age 2025" released by IDC, the annual data generated globally will increase from 33ZB in 2018 to 175ZB, which is equivalent to 491EB of data generated every day.
From the above statistics, we can foresee that in the future, we will face a greater challenge at the data storage level.
With the vigorous development of emerging technologies such as 5G, big data, artificial intelligence, and cloud computing, coupled with some "new infrastructure" and "new strategies" implemented by the country, our demand for data storage must become stronger and stronger.
Speaking of this, I will play a small episode. You can see the background wall behind me from the live broadcast. There is a sentence in our logo that says: "Give data a home", why is it called a data home? ? Everyone knows that if you invested in the real estate market 20 years ago, you should be able to make a lot of money now.
But 20 years ago, our purpose of buying a house was to provide ourselves with a home. When buying a house, everyone would definitely consider which real estate developed by which development company, secondly which building to choose, and then factors such as the size of the house and lighting. After the house, we have to choose furniture, equipment and other supporting infrastructure for the family.
So I thought of our storage market from the real estate market. Mac Storage is equivalent to a real estate developer in a traditional industry. building, the machines in our cabinets are equivalent to the apartment types in our building. The 12-bay machine corresponds to the apartment type with two bedrooms and one living room, and the 24-bay machine corresponds to the apartment type with three bedrooms and two living rooms. The configuration, memory, motherboard, GPU and CPU are equivalent to the supporting facilities of our home. If there is air conditioning and heating in our home, it means that the living environment of this home is very comfortable and the supporting facilities are very complete.
The same is true for data. The higher the configuration of our machines, the better the environment of our cabinets and computer rooms, which means that we can provide data with a better "living" environment. So when choosing a data storage or a mining machine company, you should choose a strong one, just like when we buy a house, we will choose a big developer and a community with a good environment to ensure our living environment. The same is true of our concentrator company.
The three major foundations of the Internet are storage, computing, and transmission. IPFS and Filecoin have been able to solve at least two of them. IPFS is recognized by many technical experts as the cornerstone of the Web 3.0 era.
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How to estimate the price of FIL?
On July 3rd, I also gave a speech at the Hangzhou IPFS Summit, and some friends may have been there at the time. Later, the person in charge of Filecoin China also gave a speech, and I chatted with her a few words. She said that she left without listening to my speech, because I estimated the expected price of FIL during the speech, and she didn't like it very much.
I can understand her very well, and I don't have any grudges with each other because of this incident. As a core member of the official team, her belief in Filecoin will definitely not be weak. She doesn’t like it. It’s normal for me to estimate the price of FIL, because many people think that Filecoin is not an air coin, and there is no need to keep speculating on the concept like a fund. , Calculate the return on income.
Below, I will predict the price of Filecoin after the official launch of the main network from a personal and independent point of view, and do not represent any company or other vested stakeholders. After the official launch of the Filecoin mainnet, a single FIL can reach about 1,000 yuan. This calculation is based on the fact that Amazon’s market value in 2018 was 974.6 billion US dollars. If Amazon’s cloud service is separated out, it will be at least 300 billion US dollars, which is 2 trillion yuan. Assuming that the market value of IPFS is equal to the market value of Amazon Cloud Services, which is 2 trillion yuan, Filecoin will issue a total of 2 billion FILs, and a single FIL is about 1,000 yuan.
In addition, we found that people often compare Filecoin with BTC. Why did BTC rise tens of millions of times and evolve into a vigorous movement to create wealth? The core point is that it is scarce, has a strong consensus, and will never issue additional shares. It occupies the advantage of the first launch and becomes digital gold.
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Filecoin's Token Economy and Ecological Construction
Next, let's talk about the token economy and ecological construction. Many people don't understand tokens, or have only a half-knowledge, and regard tokens as currency, which is not the case.
In the early days, the token economy and the token model were regarded as the core business model of the blockchain project. Almost all token models have a basic assumption: let the token trigger investor behavior, and drive investors through token incentives and punishments Hold Token, let them become the builders and maintainers of the project at the same time, cooperate with each other under the incentive of the pass, jointly promote business development, and then realize the economic value of the project.
To put it simply: the greater the personal contribution, the more coins you can get, and the better the project, the better the coins you can earn. At first glance this explanation seems to have no problem, but it is very superficial.
With the in-depth development of the industry, Token has been re-understood and defined as: a circulated encrypted digital rights and interests certificate, which is simply a "carrier of value".
The token economy is to use such carriers to tokenize important values and rights, use blockchain or a credible centralized system to allow production factors to enter the circulation link, and use the free market to make resource allocation more refined and more reasonable , to maximize digital management.
FIL is the only token in the Filecoin network. In the future, someone who wants to develop social software and search engines in Filecoin will need to pay FIL, and someone who wants to store files in Filecoin must also pay FIL.
So according to this idea, you can imagine where the value of FIL will rise in the future.
Finally, I will give you a brief introduction to Mac Storage in a minute or two. Mac Storage is the only company in the industry that integrates storage server design, research and development, production, sales, operation and maintenance, and the layout of the entire industry chain built by IDC computer rooms. Some companies only do equipment design and development, some only do production, and some do For sales, some are for software development, and some are for the provision of computer rooms. We, Mac Storage, have a layout of the entire industry chain.
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