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What is FileStar
The main advantages of FileStar are:
Based on Filecoin, FileStar implements a better incentive layer for distributed storage network, with improvements such as the removal of Initial Pledge Collateral and the use of new hash functions, which have collectively lowered the threshold for mining. FileStar also adds Recursive ZK-SNARK, PoST+VRF, and other technological innovations to solve the TPS and on-chain message congestion, with much-improved scalability and mining efficiency.
FileStar will have a fair token launch and adopt community governance. It will be equal and long-termly sustainable.
FileStar aspires to build a network of distributed storage, computing, and bandwidth based on the IPFS protocol, becoming a significant cornerstone of the Web3.0 infrastructure. Unlike storagecentric Filecoin, FileStar will incentivize participants to provide verifiable computation and measurable bandwidth resources in addition to distributed storage. With the blockchain industry’s collective endeavor and the dedication of the FileStar team, we will soon see the distributed Internet unfold.
DetailsIEO (Gate Launchpad): Apr 01, 2021 - Apr 02, 2021
Token supply: 2,000,000,000 STAR
Hard cap: 2,000,000 USD
Token infoTicker: STAR
70% to FileStar miners
30% to long-term community participants
Release the first draft of the whitepaper
Release the first version of FileStar code, with filecoin-based improvements such as removal of Initial Pledge Collateral and several Filecoin bug fixes
Implement most of the designs in the whitepaper, including the new sealing Hash algorithm, Recursive ZK-SNARK to improve the full TPS, and introduction of random checkup of Window PoST+VRF, etc.
Launch the verifiable computing network, encourage some of FileStar’s miners to switch to mine the verifiable computing network
Launch the measurable bandwidth network, encourage some of FileStar's miners to mine the measurable bandwidth network