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1. Filecoin storage proof

Underlying many blockchain networks is the notion that participants provide something of value to the blockchain—a contribution that is hard to fake, but if it does, it can be easily verified. Blockchains based on this approach are generally considered to require "Proof of X," where X is a valuable contribution. The Filecoin blockchain values the contribution of storage capacity; it is based on a novel proof-of-storage structure that differentiates it from other blockchains that typically require a contribution of computing power.

As a term, Proof of Storage refers to a design element of the Filecoin protocol that allows one to guarantee (with a very high degree of tolerance) that a participant who claims to provide a given amount of storage has actually fulfilled that promise. In fact, Filecoin's proof-of-storage structure provides a stronger claim, allowing one to effectively verify that a participant has stored specific data without having to own a copy of the file itself.

Note: "Proofs" here are used in an informal sense - usually, these proofs take the form of probability theory, rather than concrete proofs. That is to say, it is technically possible to convince other participants that one is contributing and one is not contributing, but this is very unlikely to happen. If you want to get more information about Filecoin and filecoin FAQs, FILMINER would be a great platform for you.

2. Filecoin Proof of Replication (PoRep)

Proof of replication is the process by which storage miners can prove to the Filecoin network that they have created a unique copy of some data on behalf of the network.

3. Filecoin Proof of Time and Space (PoSt)

Proof-of-Spacetime is the process by which storage miners can prove to the Filecoin network that they continue to store unique copies of certain data on behalf of the network. The time and space of verification is embodied in two different varieties of Filecoin in this specification: the time and space of window verification and the time and space of award-winning verification.

4. Filecoin quality-adjusted storage capacity

The storage capacity that storage miners receive from storage transactions provided by verified clients will be increased by a multiplier. The total power that takes this multiplier into account is called a mass adjustment.

5. Filecoin retrieval miners

A retrieval miner is a Filecoin participant who enters into retrieval transactions with clients, agreeing to provide a client FIL with a specific file in exchange. Note that, unlike storage miners, retrieval miners don’t get the additional ability to add blocks to the Filecoin blockchain; their only return is the fees they withdraw from clients.

6. Filecoin cuts

When a failure is registered as a sector, the Filecoin network will slash the storage miner that should be the storage sector; that is, it will evaluate the penalty (paid out of the miner's collateral) on the miner for failing to fulfill their storage promise. When a cut occurs, the miner's power for the relevant sector is subtracted from the miner's total power for election purposes.

7. Filecoin storage miners
Storage miners need to save files and facilitate their uploading and downloading. Therefore, storage miners will require a lot of hard disk space, as well as a large bandwidth, peer-to-peer bandwidth for upstream and downstream.

In the storage market, users need to pay the miners for storing data; the storage market is traded on the Filecoin chain, and the storage miners submit a copy proof to the system. The copy proof is like a receipt after storing data, which proves to the system that the miner has stored data, so as to participate in the distribution of new coins.

FIL MINER provides digital currency storage, crypto currency storage, crypto currency cold storage and etc. If you want to know filecoin coin price or the details of sdr blockchain, contact us.