You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Copy file name to clipboardExpand all lines: basics/how-storage-works/filecoin-plus.md
+10-10Lines changed: 10 additions & 10 deletions
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -1,32 +1,32 @@
1
1
---
2
2
description: >-
3
-
Learn how the Filecoin+ program works, how DataCap is obtained and used by clients, and how allocators verify that the data clients want to store with a Filecoin storage provider is useful.
3
+
Learn how the Filecoin Plus program works, how DataCap is obtained and used by clients, and how allocators verify that the data clients want to store with a Filecoin storage provider is useful.
4
4
---
5
5
6
-
# Filecoin+
6
+
# Filecoin Plus
7
7
8
-
## What is Filecoin+?
8
+
## What is Filecoin Plus?
9
9
10
-
The goal of the Filecoin+ program is to increase the amount of useful data stored with storage providers by clients on the Filecoin network.
10
+
The goal of the Filecoin Plus program is to increase the amount of useful data stored with storage providers by clients on the Filecoin network.
11
11
12
12
In short, this is achieved by appointing allocators responsible for assigning DataCap tokens to clients that are vetted by the allocator as trusted parties storing useful data. Clients then pay DataCap to storage providers as part of a storage deal, which increases a storage provider’s probability of earning block rewards. A full description of this mechanism is described below.
13
13
14
-
Filecoin+ creates demand on the Filecoin network, ensuring the datasets stored on the network are legitimate and useful to either the clients, or a third party.
14
+
Filecoin Plus creates demand on the Filecoin network, ensuring the datasets stored on the network are legitimate and useful to either the clients, or a third party.
15
15
16
16
## Storage Providers & DataCap
17
17
18
-
Filecoin+ introduces two concepts important to interactions on the Filecoin network – DataCap and Quality Adjusted Power (QAP).
18
+
Filecoin Plus introduces two concepts important to interactions on the Filecoin network – DataCap and Quality Adjusted Power (QAP).
19
19
20
20
### DataCap
21
21
22
-
DataCap is a token paid to storage providers as part of a deal in which the client and the data they are storing is verified by a Filecoin+ allocator. Batches of DataCap are granted to allocators by root-key holders, allocators give DataCap to verified clients, and clients pay DataCap to storage providers as part of a deal. The more DataCap a storage provider ends up with, the higher probability they have to earn block rewards. The role of each of these participants, and how DataCap is used in a Filecoin+ deal, is described below in the "Filecoin+ Processes & Participants" section.
22
+
DataCap is a token paid to storage providers as part of a deal in which the client and the data they are storing is verified by a Filecoin Plus allocator. Batches of DataCap are granted to allocators by root-key holders, allocators give DataCap to verified clients, and clients pay DataCap to storage providers as part of a deal. The more DataCap a storage provider ends up with, the higher probability they have to earn block rewards. The role of each of these participants, and how DataCap is used in a Filecoin Plus deal, is described below in the "Filecoin Plus Processes & Participants" section.
23
23
24
24
### Quality Adjusted Power
25
25
26
-
Quality Adjusted Power is an assigned rating to a given [sector](https://spec.filecoin.io/systems/filecoin_mining/sector/), the basic unit of storage on the Filecoin network. Quality Adjusted Power is a function of a number of features of the sector, including, but not limited to, the sector’s size and promised duration, and whether the sector includes a Filecoin+ deal. It's clear to the network that a sector includes a Filecoin+ deal if a deal in that sector involves DataCap paid to the storage provider. The more Filecoin+ verified data the storage provider has in a sector, the higher the Quality-Adjusted Power a storage provider has, which linearly increases the number of votes a miner has in the [Secret Leader Election](https://spec.filecoin.io/algorithms/expected_consensus/), determining which storage provider gets to serve as the verifier for the next block in the blockchain, and thus increasing the probability the storage provider is afforded the opportunity to earn block rewards. For more details on Quality Adjusted Power, see the [Filecoin specification](https://spec.filecoin.io/systems/filecoin_blockchain/storage_power_consensus/).
26
+
Quality Adjusted Power is an assigned rating to a given [sector](https://spec.filecoin.io/systems/filecoin_mining/sector/), the basic unit of storage on the Filecoin network. Quality Adjusted Power is a function of a number of features of the sector, including, but not limited to, the sector’s size and promised duration, and whether the sector includes a Filecoin+ deal. It's clear to the network that a sector includes a Filecoin Plus deal if a deal in that sector involves DataCap paid to the storage provider. The more Filecoin Plus verified data the storage provider has in a sector, the higher the Quality-Adjusted Power a storage provider has, which linearly increases the number of votes a miner has in the [Secret Leader Election](https://spec.filecoin.io/algorithms/expected_consensus/), determining which storage provider gets to serve as the verifier for the next block in the blockchain, and thus increasing the probability the storage provider is afforded the opportunity to earn block rewards. For more details on Quality Adjusted Power, see the [Filecoin specification](https://spec.filecoin.io/systems/filecoin_blockchain/storage_power_consensus/).
27
27
28
28
[!IMPORTANT]
29
-
There is a common misconception that a Filecoin+ deal increases the miner’s reward paid to a Filecoin storage provider by a factor of ten. This is not true, Filecoin+ does not increase the amount of block rewards available to storage providers. Including Filecoin+ deals in a sector increases the Quality Adjusted Power of a storage provider, which increases the probability a storage provider is selected as the block verifier for the next block on the Filecoin blockchain, and thus increases the probability they earn block rewards.
29
+
There is a common misconception that a Filecoin Plus deal increases the miner’s reward paid to a Filecoin storage provider by a factor of ten. This is not true, Filecoin+ does not increase the amount of block rewards available to storage providers. Including Filecoin Plus deals in a sector increases the Quality Adjusted Power of a storage provider, which increases the probability a storage provider is selected as the block verifier for the next block on the Filecoin blockchain, and thus increases the probability they earn block rewards.
30
30
31
31
Consider first a network with ten storage providers. Initially, each storage provider has an equal 10% probability of winning available block rewards in a given period:
32
32
@@ -42,7 +42,7 @@ Incentives for storage providers to accept verified deals is strongest initially
As seen in the diagrams above, Filecoin+ increases the collateral requirements needed by a storage provider. As a higher percentage of storage providers include verified deals in their sectors, the collateral needed by each storage provider will increase. To learn more about storage provider collateral, see [this link](https://docs.filecoin.io/storage-providers/filecoin-economics/fil-collateral).
45
+
As seen in the diagrams above, Filecoin Plus increases the collateral requirements needed by a storage provider. As a higher percentage of storage providers include verified deals in their sectors, the collateral needed by each storage provider will increase. To learn more about storage provider collateral, see [this link](https://docs.filecoin.io/storage-providers/filecoin-economics/fil-collateral).
Copy file name to clipboardExpand all lines: basics/project-and-community/filecoin-faqs.md
+1-1Lines changed: 1 addition & 1 deletion
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -141,7 +141,7 @@ There’s a pretty large design space here, and we can do a bunch of different t
141
141
142
142
#### Who will be selected to be verifiers to verify clients on the network?
143
143
144
-
Notaries, selected through an application process, serve as fiduciaries for the Filecoin Network and are responsible for allocating DataCap to clients with valuable storage use cases.
144
+
Allocators, selected through an application process, serve as fiduciaries for the Filecoin network and are responsible for allocating DataCap to clients with valuable storage use cases.
145
145
146
146
See [Filecoin Plus](../how-storage-works/filecoin-plus.md).
Copy file name to clipboardExpand all lines: basics/the-blockchain/actors.md
+1-1Lines changed: 1 addition & 1 deletion
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -114,7 +114,7 @@ The `StoragePowerActor` is responsible for keeping track of the storage power al
114
114
115
115
#### VerifiedRegistryActor
116
116
117
-
The `VerifiedRegistryActor` is responsible for managing Filecoin Plus (Fil+) clients. This actor can add a verified client to the Fil+ program, remove and reclaim expired DataCap allocations, and manage claims. This actor does not interact directly with the FVM.
117
+
The `VerifiedRegistryActor` is responsible for managing Filecoin Plus clients. This actor can add a verified client to the Filecoin Plus program, remove and reclaim expired DataCap allocations, and manage claims. This actor does not interact directly with the FVM.
Copy file name to clipboardExpand all lines: basics/what-is-filecoin/storage-market.md
+2-2Lines changed: 2 additions & 2 deletions
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -17,9 +17,9 @@ The lifecycle for a deal within the storage market contains four distinct phases
17
17
18
18
## Filecoin plus
19
19
20
-
The mission of Filecoin Plus (Fil+) is to maximize the amount of useful storage on the Filecoin network. The aim is to bring more meaningful and valuable data into the Filecoin network by offering verified clients cheap, or even free, storage. This mechanism is designed and operates around datacap, the storage quota allocated to verified clients to store data and boost incentives for storage providers.
20
+
The mission of Filecoin Plus is to maximize the amount of useful storage on the Filecoin network. The aim is to bring more meaningful and valuable data into the Filecoin network by offering verified clients cheap, or even free, storage. This mechanism is designed and operates around datacap, the storage quota allocated to verified clients to store data and boost incentives for storage providers.
21
21
22
-
Verified clients can onboard data into Filecoin using datacap, which they apply from community-selected notaries. In return for storing verified storage deals, storage providers receive datacap with a 10x boost to their storage power which eventually increases their block rewards as an incentive.
22
+
Verified clients can onboard data into Filecoin using datacap, which they apply from community-selected allocators. In return for storing verified storage deals, storage providers receive datacap with a 10x boost to their storage power which eventually increases their block rewards as an incentive.
23
23
24
24
* Datacap: a Datacap token will be allocated to a verified client to spend in the storage deals carrying a 10x deal quality multiplier.
25
25
* Notaries: community-selected notaries govern the program by verifying storage clients and allocating datacap tokens to verified clients.
Copy file name to clipboardExpand all lines: reference/built-in-actors/README.md
+1-1Lines changed: 1 addition & 1 deletion
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -107,7 +107,7 @@ The `StoragePowerActor` is responsible for keeping track of the storage power al
107
107
108
108
### VerifiedRegistryActor
109
109
110
-
The `VerifiedRegistryActor` is responsible for managing Filecoin Plus (Fil+) clients. This actor can add a verified client to the Fil+ program, remove and reclaim expired DataCap allocations and manage claims. This actor does not interact directly with the FVM.
110
+
The `VerifiedRegistryActor` is responsible for managing Filecoin Plus clients. This actor can add a verified client to the Fil+ program, remove and reclaim expired DataCap allocations and manage claims. This actor does not interact directly with the FVM.
Copy file name to clipboardExpand all lines: reference/general/README.md
+2-2Lines changed: 2 additions & 2 deletions
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -163,8 +163,8 @@ For running a node cluster of load balanced Lotus JSON RPC API endpoints.
163
163
164
164
*[Filecoin storage providers (SPs)](https://sp.filecoin.io/) - Interested in becoming an SP? A boot camp, grants and expert advice is available here!
165
165
*[Filecoin Plus Verified Data Program](https://github.com/filecoin-project/filecoin-plus-client-onboarding)
166
-
*incentivizes valuable data stored on Filecoin with a social trust network for verified data
167
-
* Clients can apply to Notaries to receive DataCap and incentivize storage providers at 10x to their quality-adjusted power, increasing probability of block rewards
166
+
*Incentivizes valuable data stored on Filecoin with a social trust network for verified data.
167
+
* Clients can apply to allocators to receive DataCap and incentivize storage providers at 10x to their quality-adjusted power, increasing probability of block rewards.
168
168
*[Slingshot Competition](https://slingshot.filecoin.io/) - ended in 2021 and has now become [Filecoin Evergreen](https://evergreen.filecoin.io/)
Copy file name to clipboardExpand all lines: storage-providers/filecoin-deals/filecoin-programs.md
+1-1Lines changed: 1 addition & 1 deletion
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -6,7 +6,7 @@ description: >-
6
6
7
7
# Filecoin programs and tools
8
8
9
-
Although it is possible to find your own data storage customers with valuable datasets they want to store, and have them verified through KYC ([Know Your Customer](https://en.wikipedia.org/wiki/Know\_your\_customer)) to create verified deals for [Fil+](../../basics/how-storage-works/filecoin-plus.md), there are also programs and platforms that make it easier for storage providers to receive verified deals.
9
+
Although it is possible to find your own data storage customers with valuable datasets they want to store, and have them verified through KYC ([Know Your Customer](https://en.wikipedia.org/wiki/Know\_your\_customer)) to create verified deals for [Filecoin Plus](../../basics/how-storage-works/filecoin-plus.md), there are also programs and platforms that make it easier for storage providers to receive verified deals.
Copy file name to clipboardExpand all lines: storage-providers/filecoin-deals/snap-deals.md
+2-2Lines changed: 2 additions & 2 deletions
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -2,7 +2,7 @@
2
2
description: >-
3
3
Snap Deals are a way to convert Committed Capacity sectors (that store no real
4
4
data) into data sectors to be used for storing actual data and potentially
5
-
FIL+ data.
5
+
Filecoin Plus data.
6
6
---
7
7
8
8
# Snap deals
@@ -18,4 +18,4 @@ There are two main reasons why a storage provider could be doing Snap Deals, als
18
18
19
19
Snapping up sectors with snap deals puts a lot less stress on the storage provider’s infrastructure. The only task that is executed from the [sealing pipeline](../architecture/sealing-pipeline.md) is the replica-update and prove-replica-update phase, which is similar to the PC2 process. The CPU-intensive PreCommit 1 phase is not required in this process.
20
20
21
-
Do not forget to provide the collateral funds when snapping up a verified deal. The same volume requires more collateral when it counts as FIL+ data, namely 10x the collateral compared to raw storage power.
21
+
Do not forget to provide the collateral funds when snapping up a verified deal. The same volume requires more collateral when it counts as Filecoin Plus data, namely 10x the collateral compared to raw storage power.
Copy file name to clipboardExpand all lines: storage-providers/filecoin-deals/verified-deals.md
+3-3Lines changed: 3 additions & 3 deletions
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -6,7 +6,7 @@ description: >-
6
6
7
7
# Verified deals
8
8
9
-
Filecoin aims to be a decentralized storage network for humanity’s essential information. To achieve this, it’s crucial to add valuable data to the network. Filecoin Plus (Fil+) is a social trust program encouraging storage providers to store data in _verified deals_. A deal becomes _verified_ after the data owner (client) completes a verification process, where community _notaries_ assess the client’s use of Filecoin to determine its relevance and value to the Filecoin mission: storing and preserving humanity’s vital data. Notaries conduct due diligence by questioning clients and building reasonable confidence in their trustworthiness and use case.
9
+
Filecoin aims to be a decentralized storage network for humanity’s essential information. To achieve this, it’s crucial to add valuable data to the network. Filecoin Plus is a social trust program encouraging storage providers to store data in _verified deals_. A deal becomes _verified_ after the data owner (client) completes a verification process, where community _allocators_ assess the client’s use of Filecoin to determine its relevance and value to the Filecoin mission: storing and preserving humanity’s vital data. Allocators conduct due diligence by questioning clients and building reasonable confidence in their trustworthiness and use case.
10
10
11
11
## DataCap
12
12
@@ -36,10 +36,10 @@ Once the data is sealed and you are proving your copies on-chain (i.e. on the bl
36
36
37
37
## Tools
38
38
39
-
Tools and programs exist to support Fil+, but storage providers need to know how to operate this entire workflow. See [Filecoin Plus Programs](filecoin-programs.md) for more information on available programs. See [Architecture](../architecture/lotus-components.md) for more information on the tooling and software components.
39
+
Tools and programs exist to support Filecoin Plus, but storage providers need to know how to operate this entire workflow. See [Filecoin Plus Programs](filecoin-programs.md) for more information on available programs. See [Architecture](../architecture/lotus-components.md) for more information on the tooling and software components.
40
40
41
41
## Rewards & penalties
42
42
43
-
With great power, comes great responsibility, which also counts for storage power: rewards on Fil+ deals are 10x, but so are the penalties. Because a sector of 32 GiB counts for 320 GiB of storage power (10x), the rewards and the penalties are calculated on the QAP of 320 GiB. Fil+ allows a storage provider to earn more block rewards on a verified deal, compared to a regular data deal. The 10x multiplier on storage power that comes with a verified deal, however, also requires 10x collateral from the storage provider.
43
+
With great power, comes great responsibility, which also counts for storage power: rewards on Fil+ deals are 10x, but so are the penalties. Because a sector of 32 GiB counts for 320 GiB of storage power (10x), the rewards and the penalties are calculated on the QAP of 320 GiB. Filecoin Plus allows a storage provider to earn more block rewards on a verified deal, compared to a regular data deal. The 10x multiplier on storage power that comes with a verified deal, however, also requires 10x collateral from the storage provider.
44
44
45
45
If the storage provider is then not capable of keeping the data and systems online and fails to submit the daily required proofs (WindowPoSt) for that data, the penalties (_slashing_) are also 10x higher than over regular data deals or CC sectors. Larger storage power means larger block rewards, larger collateral and larger slashing. The stakes are high - after all, we’re storing humanity’s most important information with Filecoin.
0 commit comments