Tag Archive : Filecoin

Filecoin Space Race Hits 200 PiB and Enters Second Phase

Filecoin started to invite all miners around the world to participate in the second phase of its Space Race contest which helps in preparing its mainnet. 

Based on the feedback from the first phase of the Space Race contest, Filecoin has decided to create the Space Race 2 (SR2) contest. The second Space Race will be available to everyone from September 14 to October 5.

Filecoin (FIL) is a crypto blockchain based decentralized storage network which has been designed to store humanity’s most important information. According to Coinmarketcap data, FIL is at $18.01 with a 24-hour trading volume of $9 million. 

SR2 will give Filecoin an opportunity to continue testing and improve their network scale. It will also be a competition with domain-oriented tracks. These tracks will allow different subsets of the community to test different parts of the network. SR2 consists of two tracks.

The first track is the Orbital Burn. It picks up from where SR1 left off. The second track is called Slingshot, this track is generally for the Filecoin clients, app developers, and tooling developers to position their products to the testnet.

Over the past 3 weeks, miners across the community have been participating in the first Space Race contest to onboard more storage as possible to the Testnet. More than 365 miners from 32 countries across six continents have participated in the first phase.  

Filecoin has earned nearly 200 PiB of storage through a decentralized storage network. It also mentioned that they have created a large distributed storage facility.