Three years after the sale of $ 257 million tokens, the Filecoin project launched a test storage network on the blockchain, the capacity of which reached 12.9 petabytes.
According to the Filecoin project website, blockchain-based file storage “incentivized testnet” capacity has reached approximately 12.9 petabytes in less than two days since launch.
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On August 24, developers launched the Filecoin Space Race, positioning it as a “co-competition” for stress testing the network. The developers of the project are encouraging miners from all over the world to test and promise to give away up to 4 million FIL tokens as a reward.
“Compete and work together. The top 50 miners in each region and the top 100 in the world are eligible for rewards. The larger the total storage capacity, the larger the total prize pool, ”says Filecoin.
The Filecoin testnet currently has a capacity of just over 12 petabytes, which is split between 280 miners – about 46 tebibytes each. The term tebibyte is used to measure the amount of information and was introduced by the International Electrotechnical Commission in 1998. It differs from a terabyte in that the base for the calculation is a binary system, not a decimal system: 10244 (240) bytes, which is almost 10% more than a terabyte (10004 or 1012 bytes).
FIL tokens have yet to be issued, however, the IOU tokens that are used to place bets on the future FIL price are now worth around $ 16.5 according to CoinGecko. At this price, the total prize pool for Filecoin for stress testing is about $ 66 million. The Filecoin Space Race will run for three weeks and end in mid-September.
Last week, it was reported in the media that there was a controversy over the distribution of tokens between Protocol Labs, which is developing the Filecoin decentralized file storage project, and its investors. As a reminder, the launch of the Filecoin testnet has been repeatedly postponed since the project’s developers announced plans to launch the project’s mainnet in 2019.
The regulated sale of Filecoin tokens brought the project $ 257 million in 2017. This was the first campaign to be conducted using SAFT, a list of recommendations created by lawyers based on the requirements of the US Securities and Exchange Commission (SEC).
