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Filecoin development stage

December 11, 2019 to May 8, 2020

December 11, 2019 to May 8, 2020

March 9, 2020 to May 8, 2020
March 9, 2020 to May 8, 2020

May 11, 2020 to August 24, 2020

May 11, 2020 to August 24, 2020

Space Race: Testnet Rewards Program

(Ongoing August 25th-September 14th) There is still the last week left

Mainnet launch tentatively

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Filecoin Space Race

Space Race: is a collaborative competition to stress test the network, encourage participation from miners around the world, and prepare miners to run the world's largest decentralized storage network.

The hash rate can be tracked at _spacerace.filecoin.io_.

The latest data of the current space race: According to the dashboard, there are 360 ​​active miners in the world, the total original computing power of the entire network is 145PiB, the average success rate of storage is 71%, and the average success rate of retrieval is 89%.

Current network update version: Lotus0.6.0

The economic model has been determined, and the parameter settings have been adjusted as announced this morning. The adjustments are as follows:

The minimum storage order pledge has been lowered, making paid orders more attractive.

•  The initial value of the baseline is increased and the growth rate is adjusted downward to stimulate economic development more permanently.

• The 20-day delay in unlocking block rewards will be removed, and the unlocking will start immediately after mining.

• The sector fault detection fee and sector termination fee are lowered to reduce the risk of miners' operation and maintenance.

• The minimum storage order pledge has been lowered, making paid orders more attractive.

• The sector failure fee is actually low, but due to consideration of the early stage of the network, it will not be raised temporarily. Prior to the news on August 28, Filecoin announced the details of the token economic model. According to the Filecoin token distribution rules, the total amount of Filecoin tokens is 2 billion, 5% is allocated to the Filecoin Foundation, 10% is used for financing, 15% is allocated to the protocol laboratory, and 70% is allocated to miners.

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Last week's hot review

Filecoin official: Big miner test rewards rise to 4.6 million FIL

On September 2, Beijing time, ian, a core member of Filecoin, issued an announcement on slack. The main points are as follows:

• The global rewards are upgraded. When the total computing power of the whole network reaches 200PiB, 1.5 million FIL rewards will be unlocked, and the total rewards will reach 4.6 million FIL rewards;

• Added support for small miners. For miners who register and submit sectors before September 2, if they complete 1TiB of computing power, they can apply for 500 FIL rewards. If the effective computing power is greater than 10TiB, they can apply for up to 1000 FIL rewards;

• Miners must complete the storage and retrieval order power to reach more than 80% and complete the sector upgrade before they can apply for rewards； 

• The trading robot has been open sourced, and miners can make it more perfect;

• Officials are working on rewarding the best community members.

The Filecoin big miner test competition will welcome the maintenance window at 2:00 am tomorrow

Mosh, a member of the Filecoin core team, announced in the Slack community that the maintenance window will be ushered in again at 2 am Beijing time tomorrow. Bots will suspend dispatching new transactions, but miners still need to successfully complete storage, packaging and retrieval tasks. He also said that the current version of the Filecoin Big Miner Test Competition has been updated to Lotus0.5.10.

The Filecoin mainnet code will be frozen on September 30 or launched in October

Further Stress Tests in Week 3 of the Filecoin Space Race

Further Stress Tests in Week 3 of the Filecoin Space Race

On September 7th, according to official news, the Filecoin space race has entered its third week. This week, the Filecoin network will conduct a further series of stress tests to evaluate the network's overall response to failures and updates. Filecoin official staff Mosh said in slack that especially in the early stage of Filecoin, as a community, it must be highly adaptable and flexible. All representatives of large miners need to be online 24 hours a day, 7 days a week. can be updated quickly. The specific schedule for this week is as follows:

• On September 7th (Tuesday in some areas), Filecoin will start updating a small chain to test the overall update speed. It is expected that the nodes can be updated to the new chain state within a few hours. This will demonstrate how quickly the network can react to bugs and mainnet attacks. (The window maintenance period will start at 3:00 on September 8th, Beijing time, the Lotus 0.5. at 15:00)

• If the previous step goes well, a simple version of Drand's network-wide outage will be triggered on Wednesday, September 9th to test the network's ability to respond to errors. Drand is a highly resilient and random beacon that can be used to determine whether the Filecoin network can successfully recover from a network suspension.

• On September 10th (Friday in some areas), the complexity of the upgrade will be tested. The Filecoin network can handle more complex role upgrades. It will also include tools and tools to make future upgrades easier, so as to ensure that the network can improve in the future. And updating Filecoin roles, given the complexity, there will be a slightly extended update window. In addition, Filecoin officials also stated that they will coordinate the maintenance windows of some trading robots and the above updates, and continue to observe closely to ensure that these important tests will not affect the competition. At the same time, the browser information shows that the entire network storage has reached 133PiB.