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Filecoin enters the final phase before the main network starts

June 11, 2020

Filecoin, a decentralized blockchain-based data storage solution, recently launched its test network with a competition.

In one act of the network experiment, the Filecoin test network will host a three-week mining competition worldwide, in which 4 million FIL tokens can be won from the project as prize moneyAccording to a June 10 release, the Cointelegraph was made available.

Mainnet, the last frontier

Filecoin, a product of technology company Protocol Labs, raised $ 257 million during its Initial Coin Offering (ICO) in 2017.

Filecoin enters the final phase before the main network startsFilecoin enters the final phase before the main network starts

Filecoin has completed other tests prior to the presentation of the test network, the statement details. The project also switched to PoRep (Replica Test Consensus) and implemented a number of other developments.. The test network test remains the last experimental phase of Filecoin before the main network is put into operation.

The Testnet competition pays a lot of miners

Taking into account the amount of space allocated to the operation during the tests, the Tesnet contest pays the top 100 miners in the world based on how much capacity these miners have made available to the networkAccording to the statement, 50 miners also receive awards if every continent is a leader.

Ian Darrow, Filecoin’s chief operating officer, stated in the statement:

Filecoin Chief Operating Officer Ian Darrow commented, “The test network is designed to build, educate, and reward the initial community of Filecoin miners who will help to get the entire network off to a healthy, decentralized, and widespread start Prepare main network summer “. Statement:

Darrow also highlighted the competition as a great place for miners of all types and levels.

In February, Filecoin published expectations for a Mainnet launch date that is expected to arrive in the third quarter of 2020.

Cointelegraph contacted Filecoin for further details, but received no response at the time of publication. This article will be updated accordingly if a response is received.