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Learn more about FIL tokens and the Filecoin blockchain

2024-08-30 19:26:00

Filecoin is a blockchain project with decentralized storage as its core. Its purpose is to create a global data storage market. This article will delve into the design, functionality and application of the Filecoin blockchain in the field of decentralized storage.


The basic structure of the Filecoin blockchain

Blockchain and Tipset: The structure of the Filecoin blockchain is different from the traditional blockchain. It is composed of a series of tipsets rather than a single block. A Tipset is a set of blocks with the same height and parent tipset. This means that within each epoch, many storage providers can generate blocks simultaneously, thus increasing the throughput of the network. This design not only improves efficiency, but also enhances network security.

Each tipset is assigned a weight, which allows the consensus protocol to guide nodes to build on the heaviest chain. Such a mechanism effectively prevents malicious interference between nodes and ensures the stability and security of the Filecoin network.


Actor concept

In the Filecoin blockchain, Actors are equivalent to smart contracts in the Ethereum Virtual Machine. It is essentially an "object" that has state and methods for interacting within the Filecoin network. The existence of Actors enables developers to create and deploy applications on Filecoin.

Built-in Actors: The Filecoin network has multiple built-in system actors that provide support for the decentralized storage network. Here are some important built-in actors:

System Actor: Universal system actor.

Init Actor: Initialize the new Actor and record the network name.

Cron Actor: A scheduler actor that runs key functions every epoch.

Account Actor: Responsible for the management of user accounts.

Reward Actor: manages block rewards and token release.

Storage Miner Actor: Responsible for storage mining operations and verifying storage certificates.

Storage Power Actor: Tracks the storage power of each storage provider.

The existence of these built-in actors enables the Filecoin network to operate efficiently and provide users with reliable storage solutions.


User programmable Actors

As the Filecoin Virtual Machine (FVM) matures, developers can now write and deploy programmable actors just like on other blockchains. These user-programmable actors can interact with built-in actors and leverage the APIs provided by built-in actors to implement more complex applications.

This feature makes Filecoin a flexible development platform, and developers can create various decentralized applications, thereby further promoting the development of the Filecoin ecosystem.

Distributed randomness: Filecoin also uses Drand, a distributed publicly verifiable random beacon protocol, as a random beacon for leader election. This randomness ensures that leader election is secret, fair, and verifiable in the generation of blocks in anticipation of the consensus process. This mechanism further enhances the security and transparency of the Filecoin network.


role of nodes

In the Filecoin network, nodes are primarily identified based on the services they provide. Different nodes can play different roles, including storage providers, validators, etc. The collaboration of these nodes enables Filecoin to operate efficiently and meet users' needs for decentralized storage.

Application prospects of Filecoin: As the digitalization process accelerates, the demand for data storage is increasing day by day. As a decentralized storage solution, Filecoin has huge market potential. It can not only provide users with safe and reliable data storage services, but also stimulate cooperation between nodes through its unique economic model.

In the future, Filecoin is expected to become an important player in the global data storage market and promote the popularization and application of decentralized storage technology.


in conclusion

The design and functionality of the Filecoin blockchain make it stand out in the world of decentralized storage. Through the tipset structure, Actor concept, distributed randomness, and flexible roles of nodes, Filecoin provides users with an efficient and secure storage solution. With the further development of technology, Filecoin's future will be brighter and deserves our continued attention.

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT