"Filecoin is a movement to create a decentralized, efficient, and robust foundation for human information."

- Colin Evran

Filecoin, as a highly anticipated distributed storage project, has occupied an important position in the storage field in terms of network storage scale, daily storage increment, number of development contributors, ecological cooperation projects, and market prospects. In the past week, what important events and updates have occurred in the Filecoin network? Let's take a look.

1. Real Data: Seeing the Essence through Appearances

People may lie, but data doesn't, especially real-time updated global data.

Currently, the daily effective computing power of the Filecoin network has steadily increased from 30-40P before the network upgrade in early July to over 50P. With the transformation of the blockchain ZC in China, many retail investors have transitioned from hesitation to entering the market. Meanwhile, those with foresight have seen the continuous growth of IPFS & Filecoin computing power and directly accelerated their entry into IPFS. Learn more: FIL37373. Do not pay attention to short-term fluctuations in the secondary market!

Filecoin Network Overview

As of 9:00 am on August 7th, Beijing time, the scale of data storage on the Filecoin network has reached 8.67EiB, with 2,870 active storage providers and over 400 Filecoin ecosystem projects. The number of developers contributing on Github has reached 7,092. With the joint efforts of multiple forces, the Filecoin network is showing a thriving trend with rapid data growth.

How much FIL is required to pledge daily for 50P on average?

According to the Filecoin blockchain explorer, we currently know:

The average daily increment of 50P (based on the current situation)

Each TiB with a single T pledge of 64G sector requires approximately 6.23 FIL/TiB,

1P = 1024T, 50P = 51200T, 51200 x 6.23 = 318976FIL

In other words, the current average daily pledge cost is approximately 318976 FIL.

We have not yet estimated the hardware cost for 50P. As long as you can do the math, you will understand that now is the best time to enter the market!

According to the official website of Feixiaohao, the number of FIL holding addresses has been growing crazily during the recent decline in the coin price!

2. Institutional Optimism: Grayscale Continuously Adds Positions for 30 Days

According to the official website of bybt.com, Grayscale Fund has been continuously adding FIL positions this month.

3. The General Trend: ZF Fully Supports the Development of IPFS

As a global leader in distributed storage, IPFS is favored by governments in different regions. Facing the choice of the era and opportunities, some local governments and leading enterprises are willing to participate in this technological revolution. The support and integration of ZF in the field of distributed storage, IPFS, is of significant importance to all industries in China.

Chinese Academy of Sciences

On April 24, 2021, the Chinese Academy of Sciences (IPFS) Distributed Storage Joint Laboratory was established in Dongguan, Guangdong Province.

People's Daily

On January 27, 2021, People's Daily announced the use of IPFS technology.

Chinese Academy of Social Sciences

On January 11, 2021, the leadership teams of Zhejiang Academy of Sciences, Zhejiang Academy of Social Sciences, Zhejiang University, and others officially established the 2021-5G New Infrastructure IPFS Innovation Research Group.

Ministry of Science and Technology

On April 3, 2020, the Ministry of Science and Technology announced its determination to increase research and development on IPFS distributed storage, with a focus on supporting the construction of new infrastructure in fields including blockchain, advanced computing, core software, broadband communication, and artificial intelligence.

National Radio and Television Administration

On November 6, 2020, the National Radio and Television Administration mentioned IPFS distributed storage technology in the technical application white paper (Section 4.4.2, page 34).

Ministry of Industry and Information Technology

As early as April 2019, GJ established the IPFS Professional Committee and appointed Xin Bingqian as the Secretary-General to rectify industry chaos and ensure the sound development of IPFS in China!

4. Gathering Momentum: Industry Leaders Provide Strong Support

Yang Linkai, the founder of BTC China, has entered the IPFS and Filecoin space. Yang Linkai announced through social media that after several months of preparation, he will officially enter the field of IPFS distributed s