Release of Venus 1.0, implementation of the FileCoin storage platform

The first significant release of the Venus project is available, developing a reference implementation of software for creating nodes of a decentralized FileCoin storage system based on the IPFS (InterPlanetary File System) protocol. Version 1.0 is notable for the completion of a full code audit by Least Authority, a security company specializing in decentralized systems and cryptocurrencies and known for developing the Tahoe-LAFS distributed file system. The Venus code is written in Go and licensed under the MIT and Apache 2.0 licenses.

Filecoin allows users who have unused disk space to provide it to the network for a fee, and users who need storage space can buy it. If the need for a place has disappeared, the user can sell it. Thus, a market for storage space is formed, in which calculations are made in Filecoin tokens generated by mining.

The difference between the FileCoin storage and the decentralized IPFS file system is that IPFS allows you to build a P2P network for saving and transferring data between participants, while FileCoin is a platform for persistent storage based on blockchain technologies. Nodes that validate changes to the blockchain require at least 8 GB of RAM.

For mining, it is recommended to have as much memory and GPU resources as possible - mining is based on storing user data (β€œProof of space-time”, the size of the stored data and the activity of their use are taken into account), as well as calculating cryptographic confirmations for the stored data.

Source: opennet.ru

Add a comment