Decoding: 10 times the computing power of Filecoin plus

In order to promote the storage of effective computing power data, it brings real demand to the Filecoin network, thereby accelerating the construction of the Filecoin network. On October 13, 2020, the proposal fip-0003 jointly written by five Filecoin officials, Alex Feerst, jbenet, JV, Tim Boucher, Zargham, and ZX, was released on GitHub, and in the fip-0003 proposal, the "verified Clients" program was renamed Filecoin Plus.

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In "Creating the Filecoin Economy", the reasons for the emergence of Filecoin Plus were explained. The Filecoin team believes that "in some cases, (for example: miners believe that the value of block rewards far exceeds the value of transaction orders), miners may still Will choose to completely ignore the user's data, and only store the committed capacity to get block rewards as soon as possible to increase its storage computing power. This will reduce the use efficiency of Filecoin and restrict customers' ability to store data on the network."

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In essence, Filecoin Plus is a program designed to maximize the amount of useful storage that Filecoin can support. Allow the network to trust certain customers and bring real demand to the network. This solution can provide leverage for storage clients, accelerate the construction of high-quality networks, and allow additional rewards and subsidies to places that need it most. The plan consists of four components: community governance, root key holders, notaries and clients.

■ Community manager

Generally, it is the official staff of Filecoin, such as the Filecoin Foundation, which mainly shapes specific rules and processes and can play a leading role.

■ Root key holder

That is, the signer of the multi-signature on the chain has the power to grant and delete the notary, and its duty is to exercise the decisions made on the community governance chain and take action on the final decision in a timely manner.

■ Notary public

It refers to the fact that the trustees of the Filecoin network allocate DataCaps to qualified customers according to the rules to subsidize the value data storage of the network. Notaries follow strict operating guidelines, document the decision-making process, and respond to any requests for review of their allocation decisions.

■ Customer groups

Refers to active participants in the network, and in most cases refers to storage customers on the Filecoin network. Customers can apply for DataCap quotas from the notary and distribute DataCap to storage miners in the process of storage transactions to motivate miners to provide data that meets their specific requirements. Additional features and service levels as requested.

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Filecoin Plus verification process

①Notary public application: The notary public must submit the application and answer the relevant questions about being qualified as a notary public.

②Scoring review: The governance community will score potential notaries according to the degree of the specified conditions, and will be approved to allocate DataCap after being qualified.

③The notary collects requests and allocates DataCaps: responds to allocation requests from clients, and allocates DataCaps to clients in accordance with relevant principles after reviewing clients.

④The client issues bills and allocates DataCap: After receiving the DataCap allocated by the notary, the client selects a suitable miner node for storage.

⑤ Miner receiving order storage: When the miner receives the "verified" transaction storage data from the client and completes the order, the miner will obtain the effective computing power multiplied by 10 times the original value of the file.

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❶ Allocate DataCaps to clients to subsidize reliable and useful storage on the network.

❷ Based on the information provided, verify that the client receives the DataCap corresponding to the guaranteed trust level.

❸ Make sure that when distributing DataCaps, too much trust is not given to any party in any form that could harm the network.

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Prohibition of selfish transactions

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Specifically divided into:

■ Long-term interest association with the Filecoin network

▷Participate in the Filecoin network time

▷The number of FIL assets involved in the Filecoin network

■ Industry reputation

▷Reputation in the Filecoin network

▷Security in the Filecoin network

▷Reputation outside the Filecoin network

■ Diversification and decentralization

▷Geographic diversity

▷Diversity of data content

■ Integrity of quota usage plan

▷ Quota usage plan

▷Customer investigation due diligence

▷The detailed level of quota allocation accounting

■ History

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■ Those interested in providing this service to the Filecoin network can apply for this role by submitting an issue on Github.

■ Note that applications will be reviewed during community governance calls and will be scored against criteria defined by the community.

■ If more than 3 notaries in the same region have the same score, the unrounded score will be used (taking into account the notary's weight, allocation strategy and previous performance). If there is still a tie, the community can decide whether to approve the two notaries or choose the notary who contributes the most to the ecosystem.

■ First, based on the initial applicant with the highest score, the first batch of notaries is limited to a maximum of 3 notaries per region. We put this limit in place to ensure that any issues that arise early in the process are dealt with with minimal impact. As this process stabilizes, we expect this restriction to be eased.

■ Second, future notaries will determine their DataCap allocations based on rounded scores.

Note: Notaries have autonomy in the decision-making process and are encouraged to allocate DataCaps based on their best judgment. However, the notary should expect to answer any questions about previous allocation decisions before receiving future distributed DataCaps.

Notary Public Application Entrance:https://filecoinplus.on.fleek.co/

Note: The same as obtaining 10 times the effective storage computing power, the computing power, pledge, mortgage and error penalty for storing verified customer data will be 10 times that of unverified data.

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