In the previous popular science of HashKey Hub "What is IPFS that is said to be able to challenge Baidu Netdisk?" ", we briefly introduced the difference between IPFS and traditional storage systems.

Filecoin is an incentive layer blockchain project supporting the IPFS protocol. The digital asset name is FIL. It is expected to officially launch the mainnet in the third quarter of 2020, responding to the 6-year expectation of many participants.

There have been many discussions about Filecoin’s huge public offering of US$257 million (with strict investor standards set), EC’s expected consensus (with proof of replication and proof of space-time), and technical architecture. It is also a bit far away.

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Investor FIL unlock rate

Total FIL release rate

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From the perspective of FIL release speed, capital flow mode, and ecological role economic distribution, Filecoin's economic model is still relatively reasonable. The FIL held by the team is released simultaneously with investors and miners, which can avoid the possible initial problems to a certain extent. Shipping pressure.

Compared with traditional cloud storage, distributed storage technology has always been highly respected. Its main competitors (traditional storage industry): AWS (valued at $400 billion), Google Cloud (valued at $225 billion), Alibaba Cloud (valued at $225 billion), Valuation: $77 billion), Baidu Cloud (valuation: $6.88 billion), etc. The market value of top competing products also seems to paint a beautiful blueprint for the future of Filecoin.

Telling the story of Filecoin to early investors is wonderful and moving, which is why it is so easy to get more than 300 million US dollars in private placements and public offerings, but the potential problems of Filecoin cannot be ignored:

First of all, the cake in the storage market is indeed huge, but compared with other competing products, Filecoin is not only in terms of development level, user volume, technology maturity, storage space, service price, system stability, etc., but also its ability to resist risks. There is a big gap in the long-term inspection results, but its current market value has reached 22 billion US dollars (2,000,000,000*FIL price).

For a project whose main network has not yet been launched and the main business still has potential risks, the current volume is about three Baidu clouds, and it has the momentum to catch up with Alibaba cloud. It will indeed make people confused how much of the 22 billion US dollars It is the real value of the project, and how much is the bubble of market speculation.

Some users may have doubts about Filecoin after seeing the above analysis, but all of this is based on the existing situation and perspective. However, the value of a unique project itself is difficult to estimate. Before the distributed storage technology is popularized, its real potential may be stronger than estimated, and the future will be even more exciting.

According to the Filecoin technical architecture, a series of immature factors such as storage space and service prices will also be geometrically optimized due to the increase of participants, and then push the value of the project to a whole new level.

at last,

at last,

Don't be inspired to jump into a project without fully understanding it,

Don't be inspired to jump into a project without fully understanding it,

Don't be inspired to jump into a project without fully understanding it.

Written by | Liu Yijun

Editor | Mr. Hua

Investment is risky, and you must be cautious when entering the market. Readers are requested to establish correct investment concepts and raise awareness of risk prevention. This article is only for information sharing and technical analysis, for investors to learn and communicate, and does not constitute investment advice or trading information, enter the market accordingly, at your own risk!