Hotbit AMA:🎉 Filecash AMA in English Telegram

Daisy Lee: Thank you for being with us today. Before we start, could you give a brief introduction about Filecash to us?

Marco: Sure. Filecash is the first pre-fork project of Filecoin and it’s a decentralized storage network based on IPFS. Filecash is committed to constructing a storage infrastructure for Web3.0 based on IPFS. We hope to free up unused storage space to build an algorithmic cloud storage market for everyone.

Daisy Lee: Thanks for the introduction, Marco. Let’s start my questions. According to the official introduction, filecash is committed to constructing a storage infrastructure for Web3.0 based on IPFS, so what do you think the Web3.0 network needs to have to form a relatively large network effect?

Marco: I think we can talk about it at several aspects.

Daisy Lee: Quite detailed explanation. Next question: Why did you choose to pre-fork Filecoin and what’s the background of this pre-fork?

Marco: The reason to pre-fork Filecoin is actually the disagreement caused by the inconsistent voice and interests of the protocol laboratory, and the community. In the other hand, the forked chain is the common phenomena in blockchain world, for example: BTC and BCH, ETH and ETC.

Daisy Lee: So according to my understanding, could I say that Filecash appears in response to the voice and support of community and miners?

Marco: Yes, exactly.

Daisy Lee: As we have mentioned that Filecash is the first pre-fork project of Filecoin, I guess many users and investor are curious about a question. Compared with Filecoin, what are the characteristics and advantages of Filecash?

Marco: The characteristics of Filecash and Filecoin are totally different. If we say Filecoin is more like corporate-like operated cloud storage service, Filecash is decentralized, algorithm managing blockchain project. Filecash doesn’t have human interfered KYC, and completely proceed the verifications by the algorithm. Filecash also doesn’t have officially defined “valid data” guidelines. As long as the customers paid the money to try to save the data on Filecash network, the data is the valid data.

Daisy Lee: Sounds really impressive what you have done. Let’s move to next question. As an incentive layer of IPFS, what do you think Filecash needs to do in the future to truly realize the ideal ecology of IPFS?

Marco: Filecash gives the miners a great and important reason to do mining of Filecash — mine and earn FIC token. To truly courage the interested miners to come and join the mining, and also continually stay in the mining task, I think Filecash should cautiously handle the points coming up below:

Daisy Lee: I saw that Filecash’s mainnet was launched on October 14. What is the current network status? Could you share more with us?

Marco: Sure. Since we launched the mainet, everything goes smoothly now, and we see more and more miners are joining the Filecash mining. I should highlight the important point that, 4he 4-weeks zero-deposit period’s mining powers will be succeeded, and it is the great chance to take advantage to accumulate the mining power. Currently the development team continues to develop the project according to the development plan.

Daisy Lee: Nice to hear that. We will stay tuned with Filecash progress!

Marco: Thank you.

Daisy Lee: What is Filecash’s plan for the next two years?

Marco: Here comes the brief information about the future development plan of Filecash:

Daisy Lee: Thank you very much for the detailed explanation and it’s been a great opportunity for us all to learn more about Filecash. Now, let’s proceed to the next session public Q&A. Marco please pick about ten questions to answer.

@JessiSam: Filecash being a pre-forked of filecoin, how is the governance of the platform, and what are the plans put in place to see that the voice of the community is heard and valued?



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