The latest news of micro network bzz mining circle: Swarm mining is temporarily suspended! BZZ's mining risk advantage is revealed! Swarm mining is temporarily stranded. On August 2, the project party will open the BZZ mining mode. From the current situation, Swarm can become the mainstream decentralized storage system, but the risk of Swarm mining participation cannot be ignored. Micronics network mainly has the following points:
In general, it reduces the benefits of mining. The overall price of the cryptocurrency market has declined. The price of Filecoin (FIL) was 70% lower than the peak in April, and the price of Chia (XCH) was 83% lower than the peak in May. The difficulty of mining is increasing.
If there is no block reward, the miner's income depends on the user's payment. Philip Cohen and Kia are very optimistic about their initial earnings. Today, Swarm also flocks to thousands of nodes, growing at a rate of thousands every day. However, the income of Swarm miners depends on user fees. When allocating tokens, only 10% of tokens are reserved as facility subsidies, and the official mining may wait until August. If there is no complete ecosystem and few users can pay, the income of miners may be low.
The stock price of Coinlist IPO in the market has been in a false high state, and it is still a fixed position at present. The price of BZZ on Coinlist is only $1.98. Due to the excellent public offering performance of Coinlist in the past, BZZ was driven out of the market. Moreover, most people buy directly from the market, lack of awareness and raise the price. The mid to mid price of BZZ's off market public offering usually exceeds $40. After online transactions, BZZ now sells for only $11.6, and 70% of users buy it off the market. Although half of BZZ's blockchain browser is controlled by an external address, the publicly issued shares of Coinlist were locked before August.
After the main network goes online, the participation popularity drops. Swarm's time is mainly before it goes online. Mining companies must sell their mining machines, and companies participating in the public offering of Coinlist must sell their quotas or accounts. After Swarm's main network and BB were launched, a large number of BZZs were unlocked for circulation transactions, resulting in the limited transaction price of BZZ.
People doubt the relationship of ETH Foundation. Trent, an ETH developer, said on Twitter that the Swarm team will be independent of the ETH Foundation as early as 2019. After that, he did not believe that he would get any funds from ETH Foundation. This project has not been approved by ETH. At present, Vitalik and others have not publicly expressed their support for Swarm.
In the face of the above adverse information, what are Swarm's innovations and advantages?
Swarm has established a basic storage model, called distributed immutable block storage. Swarm establishes a connection between nodes, allows messages to be sent through the global optimal path, and defines the proximity through the specified Swarm address. Each message will be sent closer to the destination.
Swarm has built a set of policies that allow the mine owner to delete some files step by step when the user charges are insufficient, and allow nodes to upload locally stored data blocks when data needs to be recovered.
The roles in the memory are roughly divided into three categories: sender, sender, and receiver. The sender and receiver can get paid only after the sender publishes the content to be stored. The sender needs to purchase seals when uploading data, destroy a certain number of xBZZs after uploading files, and use the rest as storage rewards.
The transponder helps the user send the request closer to the destination, and rewards some sharing when the request arrives. The forward node may not need data, but it can request data from nearby nodes and charge a small fee. In this way, user requests will cascade and eventually reach the receiver. After receiving a forwarding block, the forwarding node can store the data, so that it does not need to pay for the next time.
For the distributed hash table in the storage, Swarm account protocol will track the relative bandwidth consumption of each node when the node forwards the request and response. Nodes can exchange with services within a certain range. If you exceed the limit, you must wait for payment or send a check. In this way, even if users only need to use a small amount of Swarm, they can also provide mutual services between nodes, thus realizing free use. However, if more content is uploaded or downloaded, direct payment is more convenient.
Some function blocks are forgotten because they don't need to pay and are rarely accessed. By pinning, nodes can save these contents locally. If the downloader needs the lost data block, it involves the recovery protocol and sends a recovery request so that the piner can upload the lost data block again.
Swarm has a set of built-in incentive mechanisms for optimizing bandwidth and storage allocation. The methods for nodes to obtain BZZ include storage incentive, bandwidth incentive and search incentive. It is required to use BZZ to store and retrieve data. Swarm's BZZ token will not be used as a block reward, but actually needs to interact with other nodes. After using BZZ to publish tasks, nodes must obtain BZZ tokens through data interaction, which depends on the allocation of their contributions, focusing on bandwidth and storage space. It is like API3, the process of performing tasks and receiving rewards. The BZZ on the side chain can be exchanged at 1:1 on the ETH main network.
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