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Analysis and Personal Opinions on Filecoin's Third Quarter Status Report
This article details Filecoin's performance in storage, technical expansion, decentralized finance (DeFi), and collaborations with enterprises in the third quarter of 2024 (Q3’24). The article emphasizes Filecoin's achievements in decentralized storage and new services (such as Filecoin Web Services - FWS) and attempts to demonstrate how Filecoin is gradually expanding from simple storage solutions to broader data services and computing capabilities.
Core Data: Changes in Storage Transactions and Utilization
1. Storage Growth: In Q3’24, Filecoin's new storage transaction volume increased by 16% compared to the previous quarter, and storage utilization rose from 26% in Q2 to 30%. However, at the same time, the total storage capacity of the network decreased by 18%, indicating that despite the expansion of storage services, the activity of storage providers may be declining.
Core Data: Changes in Storage Transactions and Utilization
1. Storage Growth: In Q3’24, Filecoin's new storage transaction volume increased by 16% compared to the previous quarter, and storage utilization rose from 26% in Q2 to 30%. However, at the same time, the total storage capacity of the network decreased by 18%, indicating that despite the expansion of storage services, the activity of storage providers may be declining.
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Juan Filecoin China Conference Notice
Dear FIL China partners:
Juan Filecoin China AMA meeting has been basically scheduled for 10 am Beijing time on October 29 (next Tuesday) on the ZOOM platform. At that time, Filecoin founder Juan Benet and other FIL Foundation and Protocol Lab members will interact with everyone on various questions and suggestions raised before.
In order to participate in the meeting smoothly, please download the ZOOM client in advance (you can download it through the mobile APP, or open it directly on the computer web page to listen). The meeting number will be sent in advance before the meeting starts.
This meeting specially selected a time that is friendly to the Chinese community. It is jointly held by the FIL Foundation and Protocol Labs to help everyone answer questions and restore confidence. This opportunity is rare, and you are welcome to actively invite FIL partners around you to participate and pay attention! $FIL
Dear FIL China partners:
Juan Filecoin China AMA meeting has been basically scheduled for 10 am Beijing time on October 29 (next Tuesday) on the ZOOM platform. At that time, Filecoin founder Juan Benet and other FIL Foundation and Protocol Lab members will interact with everyone on various questions and suggestions raised before.
In order to participate in the meeting smoothly, please download the ZOOM client in advance (you can download it through the mobile APP, or open it directly on the computer web page to listen). The meeting number will be sent in advance before the meeting starts.
This meeting specially selected a time that is friendly to the Chinese community. It is jointly held by the FIL Foundation and Protocol Labs to help everyone answer questions and restore confidence. This opportunity is rare, and you are welcome to actively invite FIL partners around you to participate and pay attention! $FIL
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Latest Progress Announcement on the Filecoin Ecosystem STFIL
The current issue is that there are still a large number of investors who cannot be contacted, which has led to the inability to complete the asset certification work. The prosecutor's office has emphasized that all certification work must be completed before the funds can be returned. Currently, it has been confirmed that out of 2488 wallet addresses, only 1200 have staked assets, while the others are empty wallet addresses. Of these 1200 addresses, currently, fewer than 400 people have claimed them, meaning that more than half of the investors have not submitted their information and cannot be found. Therefore: STFIL stakers who have not submitted their information to the Hanshou police must act quickly.
$FIL
The current issue is that there are still a large number of investors who cannot be contacted, which has led to the inability to complete the asset certification work. The prosecutor's office has emphasized that all certification work must be completed before the funds can be returned. Currently, it has been confirmed that out of 2488 wallet addresses, only 1200 have staked assets, while the others are empty wallet addresses. Of these 1200 addresses, currently, fewer than 400 people have claimed them, meaning that more than half of the investors have not submitted their information and cannot be found. Therefore: STFIL stakers who have not submitted their information to the Hanshou police must act quickly.
$FIL
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Happy 4th Birthday to Filecoin! 🎂
Today, celebrate 4 years of innovation, growth, and the incredible Filecoin community. Since the mainnet launch in 2020, Filecoin has transformed decentralized storage, and with the launch of the Filecoin Virtual Machine (FVM), the team is working hard to unlock new possibilities for smart contracts and decentralized applications. $FIL
Today, celebrate 4 years of innovation, growth, and the incredible Filecoin community. Since the mainnet launch in 2020, Filecoin has transformed decentralized storage, and with the launch of the Filecoin Virtual Machine (FVM), the team is working hard to unlock new possibilities for smart contracts and decentralized applications. $FIL
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Bitcoin Ecosystem Panorama Research Report: Infrastructure, Technological Innovation and Future Development
$BTC
introduction
Since Satoshi Nakamoto proposed the Bitcoin white paper in 2008, Bitcoin has gradually become the world's most valuable cryptocurrency, with a market value of over $1.24 trillion. Bitcoin is not only known as "digital gold", but is also considered an alternative to the traditional financial system due to its decentralization and anti-censorship properties. However, Bitcoin's potential is far more than just a store of value. With the development of technology, especially the rise of Layer 2 solutions, cross-chain technology and DeFi, the Bitcoin ecosystem is rapidly expanding and gradually moving towards a decentralized financial platform, driving the transformation of the Bitcoin ecosystem infrastructure and its huge potential in the future.
introduction
Since Satoshi Nakamoto proposed the Bitcoin white paper in 2008, Bitcoin has gradually become the world's most valuable cryptocurrency, with a market value of over $1.24 trillion. Bitcoin is not only known as "digital gold", but is also considered an alternative to the traditional financial system due to its decentralization and anti-censorship properties. However, Bitcoin's potential is far more than just a store of value. With the development of technology, especially the rise of Layer 2 solutions, cross-chain technology and DeFi, the Bitcoin ecosystem is rapidly expanding and gradually moving towards a decentralized financial platform, driving the transformation of the Bitcoin ecosystem infrastructure and its huge potential in the future.
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Filecoin is about to usher in a major upgrade: F3 accelerates transactions, PDP breaks through storage bottlenecks, paving the way for future commercialization
Hello everyone, Filecoin has made significant technological progress in the past few months, which marks a new stage in the decentralized storage ecosystem. With the launch of these key features, Filecoin's user experience, network performance, and commercial potential are constantly improving. Next, I will introduce some of the latest important developments.
1. F3 Fast Termination: Transaction speed is greatly improved
With the 450-fold speed increase of F3, how will Filecoin’s block confirmation and FVM change?
Filecoin will activate the F3 function on December 4, 2024 (Filecoin nv24 version will be launched on the mainnet on November 20, and the F3 function will be officially activated on December 4). This update will greatly improve transaction speed. In the past, when we transferred money on the exchange, we usually had to wait for up to 7.5 hours for block confirmation, which made people feel that the wait was long. With the activation of F3, the block confirmation time will be shortened to a few minutes. It can be simply understood that the transaction speed of Filecoin will change from "slow ordinary train" 🚞 to "fast high-speed rail" 🚄, and the user experience will have a qualitative leap.
1. F3 Fast Termination: Transaction speed is greatly improved
With the 450-fold speed increase of F3, how will Filecoin’s block confirmation and FVM change?
Filecoin will activate the F3 function on December 4, 2024 (Filecoin nv24 version will be launched on the mainnet on November 20, and the F3 function will be officially activated on December 4). This update will greatly improve transaction speed. In the past, when we transferred money on the exchange, we usually had to wait for up to 7.5 hours for block confirmation, which made people feel that the wait was long. With the activation of F3, the block confirmation time will be shortened to a few minutes. It can be simply understood that the transaction speed of Filecoin will change from "slow ordinary train" 🚞 to "fast high-speed rail" 🚄, and the user experience will have a qualitative leap.
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@Everyone Filecoin official AMA meeting questions and suggestions collection
Hello everyone, there will be a Chinese-speaking Filecoin official AMA meeting in the middle of this month. Do you have any questions for Protocol Labs or Juan? You can raise them. Questions and suggestions are being collected. (You can also send them to me privately so that I can summarize and organize them). Juan will personally participate in the AMA meeting.
Question range: Don’t ask about prices. The main other development directions: technical planning, implementation promotion or other economic model issues related to overall development are all fine. (As shown in the above picture, other FIL partners raised questions and suggestions examples) $FIL
Hello everyone, there will be a Chinese-speaking Filecoin official AMA meeting in the middle of this month. Do you have any questions for Protocol Labs or Juan? You can raise them. Questions and suggestions are being collected. (You can also send them to me privately so that I can summarize and organize them). Juan will personally participate in the AMA meeting.
Question range: Don’t ask about prices. The main other development directions: technical planning, implementation promotion or other economic model issues related to overall development are all fine. (As shown in the above picture, other FIL partners raised questions and suggestions examples) $FIL
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Filecoin: The next 2-5 years are crucial, and the underlying reasons why commercial use has been slow to start
Table of contents
introduction
Vast infrastructure is underutilized
FIL supply and demand contradiction: supply far exceeds demand
Technical challenges of commercialization: cold data storage vs. hot data storage
3.1 Application gap between cold data and hot data
3.2 Insufficient data processing and retrieval speed
Market demand lags: Why haven’t enterprises adopted Filecoin on a large scale?
Filecoin’s revenue model problem: reliance on pledge and fines
Technological breakthroughs take time: Filecoin’s future technological potential
Stagnation of early institutional profits and new capital inflows
Juan's team's challenges and global push
Filecoin’s official news: the latest progress in promoting commercialization
introduction
Vast infrastructure is underutilized
FIL supply and demand contradiction: supply far exceeds demand
Technical challenges of commercialization: cold data storage vs. hot data storage
3.1 Application gap between cold data and hot data
3.2 Insufficient data processing and retrieval speed
Market demand lags: Why haven’t enterprises adopted Filecoin on a large scale?
Filecoin’s revenue model problem: reliance on pledge and fines
Technological breakthroughs take time: Filecoin’s future technological potential
Stagnation of early institutional profits and new capital inflows
Juan's team's challenges and global push
Filecoin’s official news: the latest progress in promoting commercialization
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Hello everyone! Recently, I have been studying the development of BTC infrastructure and found that there are future potential and opportunities.
🎯 Post-holiday plan: 📊 I will publish a series of detailed research reports on WeChat Moments to share my findings and insights. I look forward to discussing and communicating with you after the holiday!
🤝 At the same time, if you find a good opportunity, you are also welcome to share it.
Finally, I wish you all a happy National Day holiday🎉$BTC
🎯 Post-holiday plan: 📊 I will publish a series of detailed research reports on WeChat Moments to share my findings and insights. I look forward to discussing and communicating with you after the holiday!
🤝 At the same time, if you find a good opportunity, you are also welcome to share it.
Finally, I wish you all a happy National Day holiday🎉$BTC
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