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Ipfs

NFTs Are Here to Stay: Proof-of-Storage Makes its MoveBack from NFTNYC 2022 (was showcasing and promoting our new company there) and the biggest takeaway from the conference was the NFTs are here to stay, despite the downturn in the markets right now. But during this period of market consolidation there have been a few "spikes" among select alt-coins as people start to tighten up their wallets and look for projects that have more utility over hype. The last few weeks have been very good for projects associated with decentralized storage systems, which includes STORJ and XCH (Chia Coin), which has basically outperformed every other crypto asset out there. (50%+ in the last few weeks.) These are the "signs of life" investors often look for to see if a project has "resilience" against the typical waves of ups and downs. Proof-of-storage projects have potential large upsides - especially in the long-term - because while betting on which NFT project is going to "moon" can be extremely risky, it's a "sell pickaxes, not gold" situation where you can potentially profit off of regardless of which NFT collection themselves do well. Especially with security vulnerabilities starting to emerge as people realize that many NFT collections (including big-name platforms like OpenSea) are not actually decentralized and may be vulnerable to hacking or company bankruptcy. In the past the question was - "are people going to care enough to protect these .jpgs in the proper way?" It seems like the answer to that is yes, and projects that already have solutions to said problems are likely to do well, long-term.
COINBASE:STORJUSDLong
by RyanTanaka
STORJ Rallies After Release of IPFS Pinning ServiceProof-of-Storage (sometimes called Proof-of-Space) coins like STORJ, Filecoin, Arweave, and Sia show a lot of promise in the Web 3 space due to the fact that NFT and metaverse projects are driving demand for storage spaces that are both secure and decentralized. (Web2 servers are centralized and often have a single point of failure.) STORJ has recently released a (closed) beta for an IPFS Pinning Service similar to Pinata and other IPFS services, which probably explains the jump that happened this week in its price. IPFS is a complex, often misunderstood technology - what exactly is "Pinning" and how does it play into the broader picture of Web3 projects?
Long
by RyanTanaka
FIL (Filecoin) Coin Analysis 02/04/2022Fundamental Analysis: Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which occurred in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. The current CoinMarketCap ranking is #37, with a live market cap of $4,752,814,707 USD. It has a circulating supply of 185,777,188 FIL coins and the max. supply is not available. FIL Coin Market Capitalization Analysis: Technical Analysis: There exist Bullish Divergence of Price Value and MACD on the 3D Time Frame , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 95% retracement level; it means it have to break the 90%, 85%, and Eventually the 78.6% Fibonacci Retracement as the Resistance levels and shall recheck them back in order to Prove them to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Discounted and Undervalued area which is the Accumulation Level Currently, it means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates to Higher Levels. Probably we may not again see this 95% and 90% Retracement Level or bellow in the current cycle. Our Past Analysis: Initial Asset Acquisition: Treasury Addition:
Long
by BitonGroup
11
SHIFT is oversold and has hit the long term support PP 150%The highly anticipated Shift Core v7.0t is released. It introduces the foundation of a storage-based p2p economy that thrives on the utility of the SHIFT token. It renders Phoenix, a decentralized and immutable database capable of ensuring media is permanently stored. Shift is oversold on the weekly graph for the first time since it's listing on Bittrex. This in combination with the price sitting at support means we are looking at a good entry. If shift makes a move to it's first big resistance, we are already looking at a profit of +- 150% Good luck!
SLong
by Znil1