filecoin storage market - 2 views
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filminer on 17 Mar 22Ⅰ. Mining Structure Interpretation of Filecoin Similar to bitcoin, Filecoin miners compete with each other to mine and create blocks. Compared with bitcoin, Filecoin's mining ability is directly related to active storage. The system aims to create an incentive structure for miners to accumulate as much storage space as possible so that they in turn rent the storage space to customers. The storage and retrieval of data on Filecoin protocol are directly related to the mining mechanism of the whole system. Filecoin aims to adapt to a decentralized and verifiable market structure, which has two main components: the retrieval market and the storage market. The retrieval market exists under the chain, while the storage market is based on the chain.