On May 13, Filecoin tweeted to celebrate the Filecoin network breaking 5 eiB of effective computing power

What is eiB?

5EiB, equivalent to 5120PiB, 5242880TiB, equivalent to 5368709120GiB.

Five eiBs, equivalent to 95 copies of the entire Internet archive, 22,500 Wikipedia pages, 340 million years of continuous video calls, and the ability to store 1.5 billion high-definition movies.

All in all, Filecoin miners around the world have built Filecoin into a great, powerful Great Wall.

Filecoin Entire network data

Total network block height: 755064

Net effective computing power: 5.248EiB

Total number of active miners: 2,252

24 hours to dig minerals: 363976

Reward per block: 25.8027

FIL current: 123175883

FIL Destruction quantity: 24955561

Filecoin – IPFS missing excitation layer

Filecoin, as a powerful and active distributed cloud storage network, adds incentive permanent storage to IPFS. IPFS users can store their data directly and reliably on Filecoin, opening up the web to many applications and landing scenarios.

An optimized network: Filecoin and the peer-to-peer distributed network protocol IPFS are combined to create a more efficient and secure network that does not require enterprise control. Competitive storage pricing: The Filecoin network allows anyone to become a storage provider and compete for business to achieve economies of scale. Provable security and authenticity: Content addressing and cryptographic storage certificates ensure that data is stored securely and correctly over a long time horizon.Copy the code

Filecoin usage scenarios

Filecoin network is a global open source storage system created by a large variety of storage providers and developers with unmatched flexibility and scale, enabling users to tailor their strategies to their needs in terms of backup, retrieval speed and cost.

Data trading: Users can sell data on the Internet to facilitate data trading and market development.

Human data: Filecoin will store vital public data, such as encyclopedias, public scientific papers, creative Commons datasets, historical archives, and literary works. Standard blockchain usage scenarios: store distributed ledgers and applications, supply chains, etc. Payments: Filecoin tokens can be used to pay for products or services as well as transfer money between users. Timestamp: Filecoin provides the ultimate timestamp service with the ability to store large amounts of data over long periods of time. Store of Value: Filecoin is a distributed, store of value tool supported by a true application, the cloud storage service.Copy the code

Filecoin network features

Filecoin mainnet allows anyone to join the network to make transactions, store data, and earn FIL rewards.

Open and free: The Filecoin network allows anyone to become a storage provider and profit from providing their hard disk space to achieve economies of scale. Filecoin aims to reward different levels of participation -- from large data centers to local smes with mining machines. Fast as light: Similar to hyper-local CDN, the search market is targeted at miners with low latency, high broadband connections to the client, who are well equipped to get Filecoin by quickly providing files and data. The more storage, the more rewards: The storage miner earns Filecoin by storing data for the user and verifying the storage by calculating cryptographic proofs over time. The block rewards and transaction fees are proportional to the amount of memory the miner contributes to the Filecoin network, not the hash power. Competitive and incentivizing: Filecoin creates an incentivizing market for free storage. By increasing supply, we can meet growing demand at lower prices. Filecoin lays a solid foundation for human social informationCopy the code

The Filecoin network assists archivists, scientists, and other cloud services and data specialists in data backup and distribution, providing a foundation for important public data such as publicly accessible scientific data, innovative mass media, historical archives, and archiving.

The Filecoin network already stores a treasure trove of data:

Wikipedia: Wikipedia is a multilingual, free web-based encyclopedia with more than 20 billion page views per month. Every day, thousands of visitors from around the world make thousands of edits and create thousands of articles to enrich wikipedia's intellectual content. The entire Wikipedia database is stored on the Filecoin network, both to expand Wikipedia's reach and to verify that valuable public data is freely accessible. OpenStreetMap: OpenStreetMap is built by a team of cartographers who contribute and maintain data about roads, footpaths, cafes, train stations and more around the world. Contributors include hobbyist mapmakers, GIS professionals, engineers running OSM servers, humanitarian workers mapping disaster areas, and more. The Filecoin network will store copies of the complete OSM data set to aid in map preservation and distribution. GnomAD: Genome Aggregation Database (gnomAD) is a consortium of researchers that aims to aggregate and coordinate exome and Genome sequencing data from a variety of large-scale sequencing projects and to provide summary data to the wider scientific community. The Filecoin network will store copies of the V3 short variation dataset, which includes 71,702 genomes from unrelated individuals that have been sequenced as part of various disease-specific and population-based genetic studies. OpenAQ: OpenAQ is the world's first open, real-time, historical air quality platform that aggregates and delivers government measurements and research-grade data from multiple sources. Filecoin network is committed to building on OpenAQ's mission to make this data accessible to all in an effort to provide clean air for all.Copy the code

Filecoin network is a strong and active DISTRIBUTED cloud storage network, and it is all of us working together to accelerate this era of distributed cloud storage.