Filer Declaration: Computing Power + NFT Ecological Network, Achieving Equal Rights in Mining

“Humanity has reached such a period: not only changed by computing power, but also “alienated” by computing power. The computing power revolution supports and promotes the expansion of the digital economy and digital wealth”-Zhu Jiaming

The development of Bitcoin has surpassed the significance of the birth of Bitcoin itself. It broke the wealth of thousands of years and formed a new wealth system that uses codes as genes and adds computing power through the blockchain. It also triggered an unprecedented revolution in computing power and algorithm. In particular, the computing power of Bitcoin with its hash power as the core has reached 130E, marking that people have entered the era of computing power E.

With the explosive growth of hash power, people have conducted the largest computing power test in history, and mining is the core test area of this test. After about 10 years of experimentation, the industrial chain and industrial system centered on computing power have been very complete.

However, the mining industry today faces many limitations and constraints, including: technical constraints; cost constraints; environmental constraints; diminishing returns constraints; constraints on global distribution of mining pools; constraints on market monopoly models, as well as institutional and regulatory constraints.

Under the current trend of carbon neutrality, the most noteworthy thing is the relationship between computing power and energy consumption. The realization of hash power requires specialized hardware and consumes a lot of energy. According to data, the electricity consumed by hash power is equivalent to the electricity consumed throughout the year in the Czech Republic and Slovakia.

Another major constraint of the mining circle is the market monopoly model. So far, mining has surpassed CPU, GPU, FPGA, and soon entered ASIC. From technology development, mining machine chips, mining pools and mines to energy resources, there is a monopoly and control of large companies, and they are constantly “de-personalized.”

Filecoin builds a new carbon credit market

In the face of increasing Co2 emissions and energy consumption, as well as the continuous “involution” of mining, we are in great need of a more advanced computing power technology system and a more mature distribution model-PoC.

PoC combines all the advantages of PoW and PoS that once dominated, without their shortcomings. PoC compared to PoW, it does not require very expensive, power-consuming processors, but uses cheap, low-power hard drives, which can save almost 30 times more energy. At the same time, the development of related technologies based on PoC is more inclusive, allowing more small and medium-sized enterprises, and even individual participation.

The difference between PoC and PoS is decentralization. In the PoS system, the initial distribution of tokens is carried out through 1C0, crowdfunding, airdrops and other similar forms, and self-reinforcement is achieved through pos. The tokens are concentrated in the hands of a few people in a short time. In the PoC system, tokens are distributed to miners through mining for a long period of time, and miners can get fair rewards based on the disk capacity they use.

Filecoin based on PoC not only inherits the advantages of PoC, but also makes a new exploration with future significance-storage power is computing power, and tokens are assigned while serving entities, so that no energy and resources are wasted. Filecoin, a forward-looking exploration, has effectively provided the mining circle with a solution to global climate and climate change. Therefore, we believe that Filecoin will be a brand new carbon credit market in the extensive and profound economic and social systemic changes of the carbon neutral field, which will greatly promote the progress of the computing power revolution.

Birth of Filer

We are personally on the brink of a revolution-the computing power revolution supports and promotes the expansion of the digital economy and digital wealth. The existence of Filer is based on Filecoin, which is a platform that is always fair, which achieves equal rights in computing and storage, and allows everyone to have computing power. We also call for a more profound revolution, rethinking how our data assets are valued, how our work should be amplified and monetized, to regain the mining power of each of us and let each producer Can truly freely enter and exit mining risk exposure.

To

Filer: Decentralized computing power financial service platform

After months of research and discussion, we have devised a way to a new era of computing power. Integrating computing power, DeFi, NFT, and DAO, first cast a new computing power currency Filer, anchoring Filecoin computing power, users can obtain Filecoin mining income by holding and staking Filer. This process does not require pledge coins and no packaging period. , Buy and dig immediately. Next, take the hashrate sale and transaction as the entry point, turn the hashrate into a liquid asset, use the DeFi gameplay to increase the efficiency of the use of funds and create more additional benefits for users, and adopt DAO governance The way to solve some of the issues of equality and fairness. For us, this is a brand-new decentralized computing power financial service platform that realizes: let everyone participate in mining.

planning

Computing power: Filer’s underlying assets are secured by the computing power of physical mining machines. The initial stage is to use 10P full deposit Filecoin computing power to enter the market, and in the second phase, it will expand to the mining markets of BTC, ETH, Chia, BZZ, and PHA.

NFT: In the second stage, in addition to the Filer platform itself, which has the computing power of various mining markets, it will also access the computing power of various large and small miners. The Filer platform can NFT the effective computing power, and the computing power NFT can be freely sold and transferred . Process: 1. Various public chain miners, large and small, list their own computing power products, and submit product attributes for selling computing power, including computing power validity period, computing power number, mining yield, miner nodes, and so on. 2. After the community DAO vote is approved, the miner can use the governance coin FLU to cast the NFT product and choose the price to sell. 3. After purchasing a computing power NFT, the user can check the corresponding computing power of the NFT at any time, and automatically obtain mining income every day. If you want to withdraw from mining, you can transfer computing power NFT through the decentralized trading market. Develop multiple DeFi products at the same time to make computing power flow.

Concluding remarks

We are in the era of computing power revolution. Filer has integrated into this revolution with a more open, free and equal attitude, taking the advantages of computing power technology system innovation, the advantages of blockchain technology application, and the enabling advantages of the digital currency industry market. Integration, with the expectation of realizing the original intention of web3.0: everyone mining. During this period, we will not think that the future we hope will be realized easily, or that there will be no resistance or difficulties. But based on our full understanding of blockchain technology and decentralized finance, we chose the intersection of computing power and NFT. We are confident that such innovations may promote the development of the entire industry.