Filecoin Filecoin Storage Providers, 17 Aug 2021

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From YouTube: HyperDrive Upgrade - HyperDrive for Ecosystem Development by FilSwan

Description

Charles Cao from FilSwan updates the Filecoin Community at the first Storage Providers Show and Tell. With a focus on the HyperDrive upgrade, Charles updates us on ecosystem development.

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Hello from filswan team, so a zero would bring to a one about how the hyperdrive.

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Impacts: the ecosystem. Development., so,, as everybody knows that filswan is dedicated to the filecoin ecosystem, development,.

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Especially on the application side., so we are dedicated to hyper storage and the computer.

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Solution on web3 based on filecoin., so this is a,. The gas fee changes over the last a year, because these that.

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We have all high label around the five nano and at a very.

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Long time. well, I've got average on 3 nano.

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Listen to these is around a 0.2, basically means that we have.

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Reduced the 90% to 95% of gas feed.

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So for the ilium side,, what does that mean when you have so much gas fee, decreased?.

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So this is the current network,, which I just take a screenshot of two minutes before the.

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Meeting start because these ads,, the average price is it's close to zero per year.

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And the current minimum size of [unintelligible] actually,.

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Because that price become even lower,.

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Which means the perm fade come lower..

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People are more willing to send a small deals instead of.

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Large deals, as same as a minor permits are like minor, doesn't want to accept any.

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Deals smaller than electric combined.

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So with this decrease, vacation, developers can use much more small data,.

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So it can be faster., you can upload them faster.

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And you give you much more space to control your application.

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Yeah,, this is a two data. It's very,.

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Very interesting from the last six months.

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first one, keep on watching the internet work price of every g, minor.

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We have a system. Science system is over 100 minor, with a.

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Wide way, recording their daily price changes.

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So this is what we can find is the average number price is dropped.

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From 0.65 per year to 0.3,.

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Basically, you see 50% of your costs, while you save data.

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Another side is a right idea,, even though the miner doesn't charge anything from verify.

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Ideas, but they are causes of burn fee., so for now it's appropriate for the minor..

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It's dropped from 0.2 per year to 0.009,.

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Which is great for minors.

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So basically now we don't really need them to worry about.

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When we take as a temp class, data, and uh- when maybe lost her some faced due to the casper,.

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Which, if -if,, which we are transfers,, those a cost saving to our applicant developers.

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So who are benefited from those changes?.

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There are two groups of people who has been benefit.

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Directly.? Why is this the shutters?, as everybody knows, that every one or two months,, we have a sydney, shark competitions in the fry coin,.

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Community, or anywhere on the 2.5 something shot.

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And then you can see this is overall..

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Our wage has to be stable on the network.

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Yeah., so is this frame. We have about, 700 terabytes services..

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We have around 21 petabyte globally..

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Imagine how much burnt gas fee has been spent on zones.

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21 petabytes., that's a huge number of five months,, but now it's become easier.

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and as those obligations and potentially we are using those.

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Storage service on the private network,, this screenshot is taking from the private community.

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Collective discussions., you can find it on the github bank.

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If you find that your application is not there because submitted to the,, get up and get your logo properly strong here,.

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Those are some categories of services..

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We've found very interesting for storage, providers,.

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And they just put some technical application of who's working on it., the first one,, the most famous one is ipfs, are frequent storage.

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Those are, the ones is directly connected to permanent.

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Storage,, which means that the videos is that's way that directly.

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Those applications in the community,.

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People using it a lot in the solutions and the reason is to have a store and a slate, which is allowed to upload single file and the images to the network..

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They have a bucket design., so they need, a schedule. Basis,.

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Their packet towards the storage network, with the desperate decrease. now come at cheaper., listen to these.. You also have to develop a prolapse or a new service called.

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Babs three.storage, allow the upload of a single file to apparent work and there's a premium that has that storage is a free.

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For ever., the reason is because using the verified data, miners willing.

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To send in the data with 0 price,, because gas gas is also probably low.

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It can be, you can watch.

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the dfi and the payment part come interesting as well,, because we are doing the defy currently, like a frequent, doesn't have smack. and at a moment,.

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Even though I know developers are actually working on it for.

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The where., so when you're doing the transfers,.

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Basically, like you're doing something like payment hops.

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So you need a lump sum file to the other side that you.

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Wrapped it up to., you still run the token or other blockchain token.

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So we know that some projects that, like cookie fine,.

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Secure finance and the rep tar token..

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So when you're doing those sending files, adding those transactions,, it does cost as well.

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If you have whatever, a high fee on this end,, then the total payment, you maybe have 5% that was expressing the loss. Purposely.

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But now, because the database is very low,.

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You can keep with 99% that was valued,.

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But let's stay on the other side., it's a,.

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A certain problem., that's not profitable.,.

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And I interested in party as a city access, because I know my.

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Team is building a sybian solution for different users.

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You know, global wides,, facet, retrievers,. They are storage, while you're doing the story,.

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You also causes a perm fee to initial z, transactions.

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So with this kind of decrease of the gas fee,.

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Which means that the triple price might be the total cost.

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Because, as well, the health mannequin to building an even stronger.

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Distributed city and network globally,.

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Another two interested in the current we are working on is the press ones working on the hqt solutions to bring the computing data close computing resource close into the data.

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Live peer is doing something related to the data transporting while we are doing those works,, we needed to retrieve all the data and the uploaded data from the fragmented work..

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If it's a gas space, it's too high,, there will cost us lots of funds at the end..

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It's those big become the cost for the users.

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In my dreams,, some video trans coding,, maybe just one or two bucks and a your gas fee, also cost a.

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One or two bucks,, which means that that was a cost.

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Well, now we don't have this usage., so they're speaking that this gas fee decreased.

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By the hyper drive., both application now become much more useful.

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And we can see is that it to.

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Make us more close to we're war. and especially as the storage power to compared to aws,.

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When we using verified data,, we can see that we almost has unlimited,.

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But the one cage compared to aws.

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Yeah,, that's it. Everyone.