Introduction to Filecoin
Filecoin is a peer-to-peer network that stores files on the internet, with built-in economic incentives to ensure files are stored reliably over time.
Filecoin and IPFS are complementary protocols for storing and sharing data in the decentralized web. Both are built by Protocol Labs. The InterPlanetary File System (IPFS) is a peer-to-peer (p2p) storage network, which seeks to connect all computing devices with the same system of files.
A Filecoin wallet can help manage your FIL tokens, including balance inquiry, transfer, etc. At the same time, you can interact with the decentralized applications built on Filecoin through the wallet.
- imToken on Mobile - Provide secure and trusted non-custodial wallet services to millions of users
- Lotus Wallet - A web wallet for receive and transfer FIL
🔸 Before creating a wallet, please learn how to backup your wallet
You can get FIL in various ways. The easiest way is to buy. There are many cryptocurrency exchanges on the market that allow you to buy FIL, but users need to choose the preferred exchange according to location and payment method.
Before buying FIL, try to understand the purchase methods & risks here, so that you can complete the purchase process in a safer and quicker way.
🔸 Exchanges that support the purchase of FIL
Filecoin Address Format
Filecoin has three address formats: Common Address (start with f1), Miner Address (start with f0) and Miner Address (start with f3).
🔸Secp256k1 Type Addresses:
🔸 BLS Type Addresses (start with f0):
🔸 BLS Type Addresses:
imToken supports both addresses starting with f1 and f3. However, miners can only use BLS signatures, and the Filecoin community recommends the BLS algorithm, imToken will generate addresses starting with f1 by default.
From the perspective of the transfer function alone, there is no difference between the addresses at the beginning of f0 and f3, but the presentation forms are different, one long and one short.
In the transfer scenario, all three formats of receiving addresses are supported.
The miner fee mechanism of Filecoin is similar to Polkadot, that is, the tipping mechanism.
Please make sure that your FIL wallet has sufficient tokens and the balance is enough to cover the miner fees required for the transfer.
🔸 Filecoin transactions tutorial:
🔸You may encounter the following conditions:
- What is Filecoin tips?
- The difference between doing transactions in blockchain and in bank
- What if I send to the wrong address?
Anyone can participate in Filecoin mining. Miners are in charge of storing, providing content and issuing new blocks. They earn different types of rewards by contributing to the network. There are two main types of rewards for their efforts: storage fees and block rewards.
Filecoin Basic Information
Mainnet launch time: 2020.10.15
Hybrid consensus mechanism; mainly based on expected consensus (EC), supplemented by Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt)
Total amount of FIL issued: 2,000,000,000
White paper: https://filecoin.io/filecoin.pdf
Filecoin Block Explorer
Filecoin block explorer provides one-stop data services based on Filecoin, including various mining rankings, blockchain data queries, and visualization charts