Bitcoinfile, referred to as BiFi, is composed of bit Asia development team came from 501225 BTC on December 25, 2017. It uses POC consensus mechanism, super block and smart contract to solve the current situation of bitcoin network congestion. At the same time, it solves the problem that bitcoin consumes a lot of electricity in the whole process of mining. It is a contributor and user to the world environment, global network and community A better and more advantageous solution.
BiFi Store is a global digital file trading platform based on IPFS. Its purpose is to create a decentralized global network file system that is more green and environmentally friendly to the world, fairer and more rewarding to miners, and more reliable, stable and easy to use for visitors, based on IPFS interstellar file system and bitcoin settlement network.
A more reliable and stable IPFS interstellar file system protocol can greatly reduce the "network ripple" caused by node instability, which is the biggest unstable factor of distributed file system, by stimulating resource contributors to make sustained and stable contributions through effective returns and "enhanced access protocol";
IPFS mining mechanism calculates the return based on the altruistic degree of one miner (contributing disk space and bandwidth traffic to others), which greatly improves the deployment difficulty and cost of traditional mining machine cluster, and makes mining more fair;
Anyone can easily create file based assets, file based transactions and large-scale applications on bitcoinfile blockchain;Innovative "enhanced access protocol", set up a certain number of "super nodes" in the network, greatly improving the stability and availability of IPFS network
All holders of Bitcoin will receive an airdrop of BitcoinFile at a 1:1,000 ratio
The remaining BiFi will be distributed to community participants who contribute resources through POC mechanisms
The BitcoinFile foundation will mine 1.05 billion BiFi in advance, of which 0.7 billion will be used for marketing and ecological construction
BitcoinFile can be used to trade file assets, disk space and bandwidth traffic..
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What is BitcoinFile?
BitcoinFile is a point-to-point distributed file system based on blockchain technology and it aims to create a global decentralized file system combined with IPFS file system and bitcoin settlement network. The combined technology makes it more environmentally friendly for the world, more fairer and more rewarding for miners, more reliable and easier-to-use for users.
What is the total amount of BitcoinFile?
21 billion. The BitcoinFile foundation will mine 1.05 billion BiFi in advance, of which 0.7 billion will be used for marketing and ecological construction.
Why we need BitcoinFile?
BitcoinFile's mining process is fairer, more energy-efficient and environmentally-friendly, and actually creates value for our community. Miners with disk space and bandwidth can enjoy the benefits of mining more equitably. User with need for file storage and exchange can use BIFI to perches file assets as well as disk space and bandwidth shared by other users. The entire transaction process can be completed in the BitcoinFile blockchain by smart contracts
What is the purpose of bitcoinFile?
What are the advantages of BIFI compared to other fork currencies?
BitcoinFile is not the same as Bitcoin and other fork currencies, it is not only means of payment or value storage, but a new network protocol system that combines a decentralized global content network with its own being. It has created new values and practical significance for this world.
What is Enhanced Access Protocol？
The benefits of IPFS are undisputed as a decentralized distributed storage and sharing system. But pure decentralization also results in a range of performance and accessibility issues such as handling over popular as well as over unpopular files and how to effectively allocate the entire disk space and bandwidth over the network. Enhanced Access Protocol creatively add the Strategic Node role in the network which responsible for ranking resources of the entire network and dynamically configure usage strategies of allocating free disk space and available bandwidth base on the real-time ranking data. So the entire network has a better accessibility and stability especially in extreme cases.