Information of the Rights
Introduction to IPFS, Filecoin, FIL
1. IPFS(InterPlanetary File System)
The InterPlanetary File System (IPFS) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices. Filecoin is an incentive layer on IPFS via the token incentive model on the IPFS to build a decentralized storage marketplace.
5. Filecoin Mining Steps
Storage Miner Networks Pledge Storage. Storage miners secure their data for storage to the network by depositing FIL tokens in the blockchain through a staking transaction. The FIL tokens will be locked for the duration of the service provided, and if the miner generates storage credentials for the data it has committed to store, the FIL Token returns. If some storage proofs fail, a percentage of the FIL tokens will be lost.
The miner is then able to provide storage services in the storage marketplace. First the miner sets the price for its service and submits the price to the order book of the marketplace. When the user's demand is matched with the service provided by the miner, the user sends data to the storage miner. After receiving the data, the miner and the user sign the transaction order and submit it to the blockchain.
Storage miners provide fragments for future proofs: the storage of miners is sliced into sectors, each containing fragments assigned to the miners. The network keeps track of each storage miner's sector through an allocation table. When a storage miner's sector is filled, the sector is sealed.
Certification of Proofs
Storage miners certify that they are storing the promised fragments. After assigning data to storage miners, they must repeatedly generate replication proofs to ensure that they are storing the data. The proof will be posted on the blockchain and the network will validate it. The execution of the temporal proof algorithm has the opportunity to earn a block reward, which is the mining.