What can ipfs mining technology do in the blockchain industry? Ipfs mining It is not a blockchain project, but its incentive level FIL is a real blockchain project. FIL is running on An incentive layer on ipfs mining is a blockchain based distributed storage network, which transforms cloud storage into an algorithm market, and tokens play an important role in this regard. So what can ipfs mining technology do in the blockchain industry? Today we focus on ipfs mining Server hosting Let's take a look at the Micron Network, and hope it can help you.
Token is an intermediate bridge between users of communication resources (storage and retrieval) (ipfs mining users) and resource providers (FIL miners), The FIL protocol has two trading markets, namely, data retrieval and data storage, in which the trading parties submit their own requirements and conclude transactions. Ipfs mining and FIL promotes each other and grows together, solving the problem of data storage and data distribution on the Internet, especially in countless blockchain projects, ipfs mining and FIL exists as an infrastructure. Because of this, we see that more and more blockchain projects use ipfs mining as a storage solution, because Ipfs mining provides a cheaper, secure and fast integrated storage solution.
- Impact of ipfs mining on blockchain-
Fundamentally, the birth of blockchain is to reach a consensus and jointly maintain the ledger in order to achieve no central institution. Its design purpose is not to improve efficiency, reduce energy consumption, or have scalability (centralized planning may be a better choice, if you pursue high efficiency, low energy consumption and scalability).
The collaborative work of ipfs mining and blockchain can make up for two major shortcomings of blockchain: one is the low storage efficiency and high cost of blockchain; The second is that cross chain requires collaboration among all chains, which is difficult to coordinate.
The blockchain network requires all miners to keep the same account book, and each miner must keep a local account book. In order to ensure that the information stored in the blockchain cannot be tampered with, each miner also needs to keep a backup, which is not economical.
Imagine that there are 10000 miners in the whole network, even if we want to save 1 MB of information. The storage consumption of the entire network will be 10 GB. Now, there is a compromise solution to alleviate this problem. When creating an application In the decentralized application of DAPP, people generally adopt the method of only putting the hash value on the blockchain and putting the information to be stored in the central database. Therefore, in decentralized applications, storage has become a weak link, a weak link in the network.
Ipfs mining proposes another solution: you can use IPfs mine to store file data and place the only permanent available in blockchain transactions The ipfs mining address does not need to put the data itself on the blockchain.
Ipfs mining can help different blockchain networks transmit information and files. Different from the structure of ETH block, IPLD can define different distributed data structures. This function is still under development. The IPLD component has realized the mining and storage of ETH smart contract codes through ipfs, Only this link needs to be stored in an ETH transaction.
IPfs mining and blockchain are a good combination. We can use IPfs mining to process a large amount of data and place the unchanged permanent in blockchain transactions IPfs mining links do not need to place data itself in blockchain transactions. In the final analysis, the essence of blockchain is distributed ledger, and one of its own bottlenecks is the ledger storage capacity. At present, the biggest problem of most public chains is that they cannot store a large amount of data on their own chains. up to now, BTC has only a few hundred gigabytes of all block data, and programmable blockchain projects such as ETH can only execute and store small pieces of contract code, which greatly limits the development of DApp. use Ipfs mining technology to solve the storage bottleneck problem is feasible. Interplanetary File System) is a hypermedia transmission protocol based on content addressing, version and point-to-point, which integrates P2P network technology, BitTorrent transmission technology Git version control, self certification file system and other technologies, and benchmarking the new generation communication protocol of Http.
FIL is a decentralized storage network Incentive layer for ipfs mining. FIL has proposed an incentive mechanism, even if the mining is based on storage evidence, as a reward for storage workers to provide higher quality storage services, but also to reward those miners who look for a better market incentive network or respond well.
The above is the content of what can be done with the ipfs mining technology in the blockchain industry introduced by Micronet. I hope it will be helpful to you. Micronet focuses on the rental and hosting of ipfs mining servers. It includes single line and multi line cabinet rental services such as Mobile Telecom Unicom. It is a professional IDC data cabinet hosting and leasing provider in Jiangsu Province, Professionally provide services such as ipfs mining server rental, ipfs mining server hosting, Baidu standard customized cabinet, 48U super capacity, and reduce user cabinet rental fees. If necessary, please contact Micronet.
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