On March 2, the "Golden Era of Computing Power --- Computing Power Jingwei Cloud Summit" was officially held. The summit was co-organized by Odaily and RRMine. It gathered mining machine manufacturers, mine farms, mining pools, miners and other half of the mining industry to discuss the beauty of computing power.
At the summit, Cheng Huifang, general manager of Computing Technology, delivered a keynote speech titled "Four years of hard work, IPFS opens a new era of computing power".
Cheng Huifang said that since humans entered the Internet age, emerging technologies have subverted the way we communicate and collaborate, and have brought great convenience to human society. But the Internet technology that we were once proud of is now facing huge challenges. In the era of data explosion, data storage faces many pain points. Human beings are increasingly calling for more efficient and safer storage methods. In this context, IPFS (Interplanetary File System) was born and will reshape the Internet. Filecoin is the incentive layer of IPFS, which has great prospects and value in the future.
The following is the speech record, organized by Odaily, enjoy~
Hello everyone, what I am sharing with you today is "Four Years of Sharpening a Sword, Opening a New Era of IPFS Computing Power". Not everyone is aware of the coming of the new era, and not everyone can keep up with the pace of the times. But all the friends here are contributing to the arrival of the era of computing power and contributing their own strength.
New infrastructure in the digital age
From human beings to the Internet age, emerging technologies have subverted the way we communicate and collaborate, and have brought great convenience to human society. In the past 15 years, from 2005 to 2019, the scale of my country's digital economy has expanded from 260 million yuan to 3.58 billion yuan, and GDP has risen from 14.2% to 36.2%, becoming the core key force driving the development of my country's national economy. In today's world, the technological revolution and industrial transformation are changing with each passing day, and the digital economy is booming, which has profoundly changed human production and lifestyle, and has had a profound impact on the economic and social development of various countries, the global governance system, and the progress of human civilization. It has become a general consensus to grasp the general trend of the development of the digital economy and use new kinetic energy to promote new development.
In 2020, there will be an Internet celebrity word-new infrastructure frequently appearing. With the popularity of new infrastructure, another concept has attracted everyone's attention, which is computing power. The new infrastructure includes three major areas: information infrastructure, converged infrastructure, and innovative infrastructure. Among them, information infrastructure is represented by data centers and intelligent computing centers, which are included in the information infrastructure. On April 20, the National Development and Reform Commission clarified the scope of new infrastructure for the first time. On May 22, the new infrastructure was included in the government work report for the first time. The seven major areas of new infrastructure involve many industrial chains, including 5G, AI, big data, industrial Internet and other information digital infrastructure construction. The state provides 50 trillion in finance for the new infrastructure sector, which makes us deeply aware of the urgency of innovation and sense of mission.
However, do you realize that the Internet technology that we were once proud of is now facing huge challenges.
Pain Points of Data Storage in the Era of Data Explosion
Due to the rapid development of the information industry, the production facilities and digital transformation launched by the 5G network have enabled technologies and applications such as the Internet of Things to move from concept to reality, from abstraction to concreteness. At present, the world generates more than 50 billion GB of data every day, and the storage capacity doubles every two years. some. The data generated in the last three years is the sum of 40,000 years of human history. Especially with the arrival of 5G technology, our world will be flooded with massive data. According to IDC's forecast, the total amount of human data will reach 175ZB in 2025. In this regard, the demand for data storage security is even greater.
Faced with such a huge storage demand, how should our Internet respond? Not only that, centralized storage has a series of problems such as security, privacy leakage, and high cost. On March 2, 2019, the Alibaba Cloud server went down, causing large-scale failures in North China. In 2018, Facebook data leaked, tens of millions of personal data were exposed to the network, and so on. These data accidents emerge in endlessly, which also indicates that the traditional Internet has already encountered a bottleneck.
Changes and hopes brought by IPFS
Human beings are increasingly calling for more efficient and safer storage methods. In this context, IPFS (Interplanetary File System) was born and will reshape the Internet. What is IPFS, the star project that is currently hotly discussed in the world? Speaking of IPFS, it is actually very simple. It is an underlying Internet technology for hard disk sharing.
Just like Didi taxi software, IPFS can create a storage network that allows more people to share their idle storage space and earn benefits. We call this shared storage method decentralized distribution format storage. Today's Internet technology has three foundations, namely computing power, storage, and bandwidth. Especially the storage sector, which can be said to be the foundation of the entire Internet, but the traditional methods adopted by traditional networks are all centralized. In other words, first establish a centralized storage, and then connect all terminals in the network through the http protocol. However, with the development of the Internet over the past two decades, centralized storage has gradually exposed a series of problems. For example, the storage transmission efficiency is low, the security problem is serious and vulnerable to attack, the system is prone to crash, the storage cost is high, and permanent storage is impossible. Aiming at the drawbacks of these centralized storages, in 2014, a Ph.D. in computer science at Stanford University innovatively proposed a concept of distributed storage to embrace our current Internet.
In May 2014, Juan launched the IPFS interstellar file system project, and received huge investment in the world-renowned competition, and finally established a development team and a protocol laboratory. Speaking of which, I believe everyone must be curious, can IPFS really solve these drawbacks of the traditional Internet? First of all, the files in the IPFS network are broken into several 256KB file fragments through a special encryption algorithm, and then these file fragments are scattered and stored in the servers of miners around the world. When users need data, they only need to input commands, and the nearest nodes that store the same data will transmit the data to you at the same time. Doing so can not only effectively reduce the possibility of high concurrency, but also greatly improve the efficiency of data transmission.
For example, if all vehicles are driving on the same road, it is very likely to cause traffic congestion and paralysis. If there are many roads to choose from when we set off, the concept of congestion will be much smaller. Not only that, because the working principle of IPFS is to make data fragmented and stored in nodes, each node does not get all the data, but a 256KB file fragment. This distributed storage method can effectively avoid natural disasters , hacker attacks, data leakage and other security issues. At the same time, IPFS can also save a lot of bandwidth resources and reduce data redundancy, which shows that it is very cost-effective. This is also one of the reasons why IPFS is very popular and important in the world.
The relationship between IPFS and Filecoin
Everyone should know that IPFS itself is not a blockchain, but an underlying transmission protocol of the Internet. In order to encourage everyone to join the distributed storage network and provide high-quality services, the official IPFS team developed an extremely important incentive layer on the IPFS protocol in 2017. Blockchain project Filecoin.
By issuing tokens, Filecoin attracts people to contribute storage resources and build a strong new Internet, which we call Web3.0. Therefore, IPFS is not a blockchain, nor a token, but an Internet protocol. Its goal is to supplement or even replace the underlying Internet transmission protocol http, and Filecoin is the incentive layer of IPFS, which is a distributed storage node in the IPFS protocol. A payment transaction token for . Filecoin is the only token with a revolutionary technological breakthrough since Ethereum. Since the advent of Ethereum, many tokens are aimed at faster, safer, and more widely used, but none of them can bring revolutionary technological innovation to blockchain technology. Filecoin is a blockchain-based data storage, bringing new breakthroughs and growth.
The disadvantage of the blockchain is that the capacity that can carry data is too small. With the advent of the 5G era, in the face of the rapidly growing data market, IPFS and Filecoin have filled this gap and brought great vitality and development to the blockchain.
Filecoin distribution mechanism
Blockchain is a small market, while storage is a big one. Some people say that Filecoin will become the next Bitcoin, creating a new generation of myths. Let's not say whether it will become the next Bitcoin. The essence of Filecoin is a sharing economy, which makes it possible to effectively utilize storage devices and networks and reduce data storage and transmission costs. It is a truly meaningful blockchain application landing project.
IPFS officially released the incentive layer Filecoin using blockchain technology, which attracted the attention of investors all over the world as soon as it was born, and created a world record of 257 million US dollars in blockchain fundraising. According to the distribution rules of Filecoin, the unlisted market value of Filecoin has reached 2.57 billion US dollars, which is amazing. The total amount of Filecoin is 2 billion, which will never be issued again. It will be halved every 6 years, and 5% will be used to establish a foundation to develop the community ecology, which will be released in 6 years. 10% will be given to partners and investors at preferential prices, 10% will be used for protocol labs, and 4.5% will be used for PL team contributors.
The largest piece, 55%, is given to miners as rewards to encourage global miners to provide data storage services for all users, and 15% is reserved for miners. The distribution of Filecoin is carefully considered and designed, not random. Protocol Labs has also done a lot of analysis to ensure that the distribution process is smooth and there will be no sudden large increase, causing huge market fluctuations. It is worth mentioning that all Filecoins need to be obtained through mining, and this design fully guarantees the business of miners. I believe you have already understood here, why there is a saying "If you miss Bitcoin and Ethereum, you must not miss Filecoin".
The future advantages and value of Filecoin
What are the future advantages and value of Filecoin? Four words summary: the prospect is promising. IPFS and Filecoin provide the best choice for data storage, and their future status cannot be shaken. This is also the source of confidence for investors in Filecoin. IPFS can solve the problem of excessive redundancy. At present, there are many technology companies using IPFS, including Microsoft, BMW, NASA, JD.com, and the world's top five blockchain projects, and now more and more companies are beginning to pay attention to IPFS technology. Lest we fall behind in the new trend.
Filecoin received a huge amount of investment as soon as it was born. It is currently the shortest time-consuming project in the history of the blockchain and the largest private equity project. It is favored by investment giants such as Netflix, Opera, Firfox, BRAVE, and Sequoia Capital. The well-known Sequoia Capital has invested in domestic Internet giants such as Alibaba, Didi, and Meituan. I believe everyone is familiar with it.
Filecoin is built on the powerful IPFS protocol. With the extensive application of IPFS, Filecoin is bound to be more and more recognized as an incentive layer, thus pushing the price of Filecoin further up. Storage is income. Filecoin is different from Bitcoin’s proof of work. Filecoin only needs to provide storage space and bandwidth to meet the needs of obtaining certificates, changing the traditional mining method that consumes resources, electricity, and computing power. Its economic model is for Ecological and commercial applications have played a huge potential. Its essence is digital storage, data storage and real value exchange, and Filecoin technology is blockchain 3.0. Blockchain is included in the category of new infrastructure and has received strong support from the state. In various ways, IPFS and Filecoin, as the infrastructure of the blockchain, fundamentally improve human efficiency, are a real sharing economy, and have a huge role in promoting the utilization of storage resources. At present, more and more people have reached a high degree of consensus on the importance of big data in the face of today's social and economic development. In the era of new infrastructure, an extremely large storage network, or a brand-new storage technology, is needed. It is distributed storage IPFS.
IPFS is a long-term project, and it needs a certain period of watering before it can become a big tree. No amount of problems can cover up its trend, and go with the trend. IPFS allows us to achieve corner overtaking, sharpen our swords in four years, and open a new era of computing power. Another four years of sharpening the sword, Mount Tai is unstoppable. IPFS focuses on the future, and Filecoin, as a myth of the new generation, is just around the corner. Dear friends, the consensus unites us. The digital world dominated by decentralized computing power has arrived. Let us look forward to the next meeting together. Thank you.
