After all the calls came out, on the evening of October 15th, the Filecoin mainnet was finally officially launched.
But not long after it went online, FIL went into a downward trend, falling from 220 US dollars to about 30 US dollars. Immediately afterwards, miners sued Filecoin’s economic model, pointing out that if the pledge and release rules are not adjusted, the miners’ capital chain will be broken, especially a large number of small miners.
And this is not the first time Filecoin has been exposed to such problems. Although Filecoin, which comes with its own halo, has been sought after by major capitals as soon as it emerged, and there have been continuous doubts along the way, but it has not affected the believers who have gained a large number of votes.
In the entire field of decentralized storage, Filecoin can be said to be the best.
However, in contrast to the domestically sought-after phenomenon, overseas markets appear to be extremely deserted. Regardless of attention or search volume, China is much higher than other countries. The main reason is that nearly 80% of Filecoin’s miners are located in China.
This means that once Filecoin crashes, the first to be affected is the Chinese miners who have supported half of Filecoin.
Will Filecoin repeat the tragedy of Google? <br/>Even though the Filecoin mainnet is now online and the popularity continues, it is undeniable that Filecoin still has potential risks that cannot be ignored. The risk mainly comes from whether the project as an “import” can adapt to Chinese policies and supervision.
In the context of Sino-U.S. confrontation, the current competition between China and the U.S. over data sovereignty is becoming more and more intense. The U.S.’s suppression of Huawei and byte beating is a lesson learned, and data storage will also be a battlefield.
As a well-known project in the blockchain field, whether Filecoin can survive the future trade war is still unknown.
Based on the Filecoin storage mechanism, if yellow or reactionary content is stored in a mining pool, and supervision is touched, the entire IDC data center may be forcibly closed and the entry of mining machines restricted. And Filecoin stores data indiscriminately in global mining machines. In the future, it will be greatly affected by the checks and balances of data between China and the United States, putting Chinese miners at a disadvantage and facing the dilemma of Filecoin Chinese miners being offline.
This is reminiscent of Google’s withdrawal from the Chinese market. As Google is unable to adapt to some domestic regulations and repeatedly touches high-voltage lines, which does not comply with regulatory review policies, even with a large number of users, Google can only close China, the market with the greatest potential.
The search engine boss left the scene sadly, somewhat with a hint of warning.
For foreign projects based in China, adapting to China’s national conditions and adapting to China’s market policies are the decisive factors for sustaining market share and become more competitive.
Water can also overturn the boat. Filecoin is more valued because it is a foreign project, and it is also likely to restrict its development in the Chinese market because of this identity. When the Filecoin city gate caught fire, the first thing that was affected was the trapped fat fish of the Chinese miners.
The battle for storage market share <br/>Of course, on the track of distributed storage, in addition to Filecoin, many other projects have emerged.
As a similarly early start, Storj is one of the few Ethereum projects blessed by V God, but it has never had its own public chain, but issued Storj tokens on Ethereum, and its operation is overly dependent on Ethereum. .
And Arweave, based on IPFS and Filecoin’s compatriots, has recently risen in popularity, but it has always had problems with limited application types and poor liquidity, and it was revealed that Arweave currently stores mostly anti-government tweets screenshots. Regulatory risks.
In the field of decentralized storage, if you want to grab market share with centralized storage such as Alibaba Cloud and Tencent Cloud, you obviously need to start from the local area.
Just like the excellent Amazon can’t compete with Taobao, Facebook has no play in China, but Sina Weibo is popular. This is the power of localization.
After careful inspection in many aspects, China’s own distributed storage project YottaChain is likely to become another choice for Chinese miners.
YottaChain ‘s current performance
Although YottaChain was not born with a golden spoon like Filecoin, it has a very deep technical precipitation, and has performed well in the field of distributed storage. It has developed a unique “encryption and deduplication” patented technology in the industry.
It is this technology with competitive advantages that makes YottaChain more competitive in the initial development stage.
Through the blockchain browser (www.yottascan.io), you can see that as of October 18, YottaChain storage nodes have access to 11,869 storage nodes, 484 storage pools, and the storage capacity reaches 7.9P. YottaChain started late, and these stored data are more impressive.
In addition to the core technology, querying YottaChain’s white paper and yellow paper shows that the YottaChain storage development interface is an object storage interface based on the S3 protocol. This interface is consistent with the standards of Alibaba Cloud and Amazon Cloud, which ensures the original application of centralized storage You can directly migrate and use YottaChain storage, which greatly saves the time and cost of modifying the code. YottaChain is gradually dividing the centralized storage market share.
At the same time, the YottaChain mainnet was launched in November 2019 and is currently open sourced on Github, supporting more community users to develop based on the mainnet. The following are the code uploads from May to October and the past month. It can be seen that YottaChain also has a certain amount of activity in open source code.
It can be seen from the above data that Yottachain is indeed a real distributed storage project with real and effective storage data.
In addition, Yottachain faces the persistent storage market and pays more attention to data security and reliability. Among the many storage projects, YottaChain, as China’s independent storage technology, is obviously still very advantageous.
The road to YottaChain’s business breakthrough <br/>In addition to technical data, YottaChain has been in operation for more than 2 years. So far, it has 21 main super nodes, 105 super nodes, and 571 ecological nodes. YottaChain’s own node system is very stable and loyal, with more and more ecological nodes, and the community has been very active.
It is necessary to know that the stability of the community requires a certain interactive scene. YottaChain independently developed by YottaChain as a community governance tool has a relatively complete content section. According to official information, Yotta Ling currently has about one million users. According to the estimated number of articles and comments, the daily activity is maintained at about 100,000.
At the same time, in the time when Filecoin repeatedly called the mainnet to go live, YottaChain has begun to enter the stage of small-scale commercial testing and has built ecological bases across the country.
According to public information, there are already 8 ecological bases in Guiyang, Guangxi, Dongying, Chengdu, Wuhan, Pingyao, Puyang, and Chongqing, including those under construction. Each ecological base serves as an enterprise for the local government to attract investment, focusing on promoting the promotion of commercial storage, education and training, and chain reform.
In terms of commercial storage promotion, the commercial storage fee is 0.576 yuan/G/year, which has a certain price advantage compared to centralized storage such as Alibaba Cloud. Later, the Galaxy Program was launched, which provided generous subsidies for commercial applications.
In terms of education and training, at the end of September, experts and scholars in the industry were invited to open an authoritative blockchain offline course in Chongqing; recently, it cooperated with the Ministry of Industry and Information Technology Talent Center to recruit students and organize systematic online courses.
In terms of chain reform, YottaChain, as a storage public chain, adopts a relatively mature eos technology system, resulting in various side chains, such as CVNT in the film and television industry, SGT in the game industry, etc. It also helps traditional companies to carry out chain reform.
All of the above represent YottaChain’s solid commercial landing and ecological development. All aspects go hand in hand to form a relatively complete industrial chain. This is also the fundamental reason why the YottaChain community has been stable and active.
China’s distributed storage will lead the world. <br/>Currently, building a digital economy based on the national strategy of “new infrastructure” is the general trend. In the new infrastructure, whether it is 5G, artificial intelligence or big data centers, huge With data as support, infrastructure such as blockchain storage will have more landing scenarios.
The clarion call for support at the national level has been sounded, and the alarm bell of supervision has naturally continued to ring.
The commercial feasibility of distributed storage needs to be continuously verified in practice. The bubble era of storage projects relying on hype has passed, and the entire market needs to focus on pragmatic and policy-adapting projects.
Even though Filecoin has launched the mainnet, some applications in the ecological layer are still in the early stage. More importantly, the regulatory risks after Filecoin goes online will gradually be exposed. For Chinese miners, it is important to plan ahead and find another The way out is particularly important.
In the global competition for storage highlands, China has a long way to go for distributed storage.
If YottaChain can steadily follow the current development process and continuously tap its huge potential, it will be natural for China to lead the global storage public chain. Both miners and the market should pay more attention and support to YottaChain.
