More effective, stable, safer, environmental
friendly distributed network storage system
What is BitcoinFile
BitcoinFile(BIFI) 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 friend for the world, more fair and more rewarding for miners, more reliable and easier-to-use for users. It perfectly solves the problem of low stability in IPFS networks due to the inability of contributors to earn sufficient returns and the uselessness of power consumption in the process of bitcoin mining.
In the BitcoinFile network, all resource sharers (miners) can mine by sharing their own disk space and network bandwidth. The amount of BitcoinFile earned depends on how much disk space and network bandwidth it shares, and only the disk space and network bandwidth actually used by the users will be calculated as proof of work, thus improving the overall network performance and efficiency.
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 POW mechanism
The BitcoinFile foundation will mine 0.21 billion BIFI in advance, of which 0.1 1 billion will be used for marketing and ecological construction
Innovative Enhanced Access Protocol based on DPOS is applied in the network by deploying certain number of Strategic Nodes, greatly improving the stability and availability of the IPFS network
BitcoinFile can be used to trade file assets, disk space and network bandwidth
Step1-2017 Dec.25th(approximately)To be forked at block height 501225
Step2-2018 Q1 Network launch
Step3-2018 Q2 Add Smart contract to the blockchain
Step4-2018 Q3 Launch enhanced access protocol based on IPFS
Step5-Maintained and developed by community and users
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 0.21 billion BTFI in advance, of which 0.11 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.