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BTC halving, ETH2.0, and Filecoin mainnet online. Three major events have taken over the hot spots in 2020, and BTC, ETH and Filecoin are also known as the three eras of blockchain. ![]() 1 issued The total number of Bitcoins is 21 million, and a block is generated every 10 minutes. The generation of each block is accompanied by the generation of Bitcoin rewards. The reward is 50 Bitcoins. Every 210,000 blocks, the Bitcoin rewards generated with the block will be halved. The most recent one was on May 12, 2020, with a reward of 6.25 Bitcoins per block. ; All Bitcoins will be issued in 2140, which is a halving every 3.99 years (=4). ![]() In 2014, Ethereum was born. At the beginning, Ethereum adopted the concept of crowdfunding to raise ether. In July and August of 2014, approximately 72 million ether was issued for crowdfunding. These coins are sometimes referred to as "pre-mining". After the crowdfunding phase, the amount of ether produced per year is limited to 25% of 72 million. Total ETH issuance continues to rise. The total amount of FIL is 2 billion, of which 55% can be mined, or 1.1 billion (reserve 15%, or 300 million). It will never be issued additionally. Every message in the Filecoin network needs to pay a network tax and be directly destroyed. The staking mechanism adopted by Filecoin and the 75% reward of 180 days of linear release, coupled with the baseline release and simple release, the complex economic model brings huge potential for a booming ecology and commercial applications. 2 category Both BTC and ETH are public chains. ETH pioneered smart contracts and is called blockchain 2.0. In the industry, it is generally believed that the bull market in the digital currency market in 2017 was led by ETH. ![]() In the blockchain 3.0 era, IPFS has solved the problems of high storage costs, low storage efficiency, and cross-chain difficulties in blockchain. The combination of innovative consensus mechanisms and IPFS has opened a new window for the decentralized market. As an incentive layer for IPFS, storage projects are believed to set off a huge wave in the future. IPFS may become the cornerstone of building the next generation Internet, and the decentralized storage market built by Filecoin will be an important support. 3 application Bitcoin’s position in the blockchain market is unshakable, but the technical requirements for its application in real life are not obvious. Ethereum expands the application fields of blockchain, provides reliable computing smart contracts, lays the foundation for blockchain development, and makes up for some market shortcomings. However, the Ethereum 2.0 era has not yet been completed, and the huge benefits in specific business fields in the future have not yet been fully realized. ![]() After Filecoin went online, it has reached cooperation with many blockchain projects. Blockchain projects such as Ethereum, Polkadot, and Ontology have begun to bridge connections with IPFS and Filecoin. Currently Filecoin’s large file storage expands the foundation of blockchain development, especially supporting DApps. Filecoin, regarded as the foundation of blockchain and Web3.0, is directly targeting the trillion-level storage market, and the demand for the scale of the future cloud storage market will be huge. The reason why Filecoin is so valued is its application value that is rooted in the market. In the Internet era, some people say that data is likened to life on the blockchain. Storage is land, code is law, scoring is morality, and computing power is power. Viewed this way, the Filecoin network is the "land in the blockchain" and is expected to become the infrastructure used to store data in the blockchain and the "carrier" of the blockchain. Currently, Filecoin's mainnet is online and running stably, and its storage capacity has exceeded 1EB. However, Filecoin still has a long way to go to store real data. The real data market has left Filecoin with a lot of challenges. Only with the cross-border hurdle can the officially promoted "economic model" begin to enter the positive track, truly solve the problem of privatization of user privacy, and change the way the world accesses data on the Internet. ![]() Filecoin is a pioneer in blockchain exploration and implementation, and it is also a project that many people are looking forward to and waiting for for several years. Although Filecoin has gained huge popularity since the space race, we need to be wary of the bubbles that come with the popularity. The key value of Filecoin lies in its economic model, which will be commercialized in the future, rather than the currency price in the secondary market. Some people comment that Filecoin is a game between miners and the commercial economy. In this process, there will inevitably be conflicts and stumbling blocks, and it will eventually mature. Therefore, throughout the process, investors need to adjust their psychological expectations and wait for the real value to materialize. -------------Article recommendation-------------- The most comprehensive DeFi learning materials in history produced by Huobi! Huobi IPFS Popular Science: IPFS Must-read Manual! Notice from the General Office of the State Administration of Radio and Television on the issuance of a series of white papers on the application of blockchain technology What exactly is Bitcoin? Is Bitcoin safe? Cheers! The central bank's digital currency has been implemented, and people's investment is reasonable and legal! Deep understanding of the Filecoin project and getting out of the puzzle ; Among the three major blockchain development representatives: Bitcoin, Ethereum, and Filecoin, which one has greater potential? |