Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

What has happened to Filecoin in the last week?

Filecoin network-wide data

Block height of the whole network: 892880

Network-wide effective computing power: 6.879EiB

Number of active miners across the network: 2517

24-hour output: 348833

24-hour message count: 869102

24-hour average mining revenue: 0.0487FIL/TiB

Filecoin Storage Market

OpenSea uses IPFS and Filecoin to store NFT

OpenSea recently launched a feature to “freeze” NFT metadata, enabling NFT creators to properly distribute their NFTs using IPFS and Filecoin. openSea is one of the largest NFT marketplaces in the web3 space, and is now creating a marketplace for millions of NFTs. OpenSea is one of the largest NFT marketplaces in the web3 space, creating a marketplace for millions of NFTs today. Using IPFS and Filecoin, NFT creators using OpenSea can now use IPFS content addressing and Filecoin’s provable and distributed storage to create immutable NFT metadata.

Filecoin Mining Working Group

The Filecoin Foundation has launched the Filecoin Mining Working Group (MWG), a voluntary working group that allows Filecoin miners of all sizes to collaborate with other respected miners on the Filecoin network. Through collaboration with local miners in North America, Europe, and Asia, the MWG aims to improve the mining experience for all Filecoin miners while providing resources and education to bridge the gap between Filecoin miners and Filecoin developers, storage providers, and the broader global community.

Lotus & Retrieval Marketplace Summit

The Filecoin community recently hosted the Retrieval Market Builders Summit, which brought together all the builders of multiple retrieval market solutions to highlight the progress made to date and identify how multiple systems can be combined to increase the effectiveness, efficiency, and reliability of retrieval for network users.

At the Summit, libp2p and Filecoin core developer Raul Kripalani provided insight into the architecture and planned changes to the Lotus node, specifically changes to the Lotus-miner node to better meet the needs of miners and network participants.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

Filecoin Miner Questionnaire

Calling all Filecoin miners! We are still looking for community members to complete the Filecoin Mining Questionnaire. Help us improve our ecosystem program and community support by participating in this short survey , we would greatly appreciate your input. Thank you for your continued work to strengthen the community.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

Filecoin Technical Updates

Lotus Nodes

The Lotus team is pleased to announce the release of Lotus v1.10.0, which introduces a HyperDrive network upgrade to the Filecoin protocol on Wednesday, June 30, 2021. This release uses specs-actors v5 and Rust v8.0.2 -fil-proofs to implement the following FIPs.

FIP-0008: Add miner bulk sector pre-submission method

FIP-0011: Remove reward auctions from reporting consensus errors

FIP-0012: DataCap recharge FIL+ client address

FIP-0013: Add ProveCommitSectorAggregated method to reduce on-chain congestion

FIP-0015: Restore FIP-0009 (exempt Window PoSts from BaseFee burning)

The main highlight is FIP-0013, which uses the new SnarkPack technology to allow aggregation of many proofs when loading new storage into the Filecoin network. It is hoped that this will increase the rate of delivering useful storage to the network by a factor of 10-25.

HyperDrive final version-Proofs v8.0.2

Proofs version v8.0.2 contains the final features of the Hyperdrive program. This includes a new API that interacts with SnarkPack, a system that can efficiently generate individual proofs from many other previously generated SNARK proofs. This can help enable on-chain scaling by requiring a smaller number of replicated proofs, as proof aggregation can conceptually be considered a data compression technique. The new proof version further exposes the SnarkPack API to validate these aggregated proofs, thus ensuring that all original input proofs are correctly validated without having to validate each proof individually.

Filecoin Launchpad Accelerator II

This week Tachyon launched the Filecoin Launchpad Accelerator II. 20 companies and 55 founders from 11 countries on four continents. These are some of the brightest and most innovative founders building in web3. The projects are in NFT, DeFi, development tools, social, gaming and infrastructure.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

HyperDrive + AMA 2 Review

The HyperDrive upgrade is coming soon, so last week Filecoin CryptoEcon engineer ZX hosted a discussion to explain its importance and key features. the HyperDrive upgrade will increase storage capacity by 10-25 times, which is achieved by reducing the unit storage of BatchCommit messages GasUsage. In addition, the upgrade will allow for lower mining costs due to lower unit storage costs, faster network growth as miners take advantage of lower gas costs, cheaper transactions, network-wide benefits, and incentives for miners to compete cooperatively beyond the network.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

Filecoin Market News

Wave 8 Dev Grants

Wave 7 Dev Grants have been reviewed and awarded, and proposals for Wave 8 Dev Grants will be accepted.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

Introducing the Browsers 3000 Hackathon
IPFS, Filecoin, and many of our ecosystem friends are excited to announce the Browsers 3000 Hackathon, starting July 8th and running through September 21, 2021!

This hackathon is a six-week virtual event designed to explore and accelerate the development of web3 in the browser through experiments and challenge prizes.

It kicks off with a one-day summit with speakers from your favorite browser makers and other projects building browser infrastructure for web3 and P2P technologies today, and will include workshops and demos through to a show-and-tell demo and awards ceremony in September.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

Filecoin Next Step Grants

Filecoin Next Step Microgrants are now available to support taking Next Step after building an initial prototype with Filecoin. they understand that decentralized technology is a rapidly evolving field with many unknowns. next step microgrants seek to match the speed, breadth, and experimental nature of this work. Next Step Microgrants seeks to match the speed, breadth, and experimental nature of this work.

The amount of the Next Step Microgrants is $5,000, payable in FIL tokens. The entire grant amount is used to support work related to integrating or improving Filecoin, such as developer time, hosting services, related hardware, etc.

ETHOdyssey Coming Soon

Join the ETHOdyssey track, a global ethereum hackathon that is part of the ETHIndia Online series, an unparalleled opportunity to build decentralized applications that will be used by the masses, with a total prize pool of $25,000 available for this event.

Filecoin Update: Juan Explains Retrieval Market, Filecoin HyperDrive Upgrade Completed

Filecoin Community Ecology

Encode Filecoin Club

Encode Filecoin Club is a nine-month program in partnership with Encode Club, a university and hacker blockchain community. The club will consist of three phases – the Filecoin Education Series, the Filecoin Hackathon, and the Accelerator.

July 13 Filecoin Gathering

Tune in on July 13 at 4pm PT for a gathering focused on the new Filecoin miner program and updates! More specifically, we’ll hear updates on the following exciting new topics.

The Miners Working Group! Learn how to connect with the Miners Working Group in your area

A new incubation center for storage providers (miners)! Are you interested in becoming a Filecoin storage provider and looking for support? Apply for the new program starting in July

New project update from the Forest team. Forest is a Rust implementation of Filecoin, focused on memory security and performance by Lea Raj of PM Forest

Deep Kapur updates MinerX2

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/filecoin-update-juan-explains-retrieval-market-filecoin-hyperdrive-upgrade-completed/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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