BTC and FIL
Bitcoin, with a total market capitalization of over 60% of the city, became the first digital currency to be born. fil currency is the only digital currency issued based on the practical application of IPFS. Its online time is less than half a year, and the market capitalization in circulation has climbed to the top 14 mainstream currencies. Currently fil is the star of the cryptocurrency world and is favored by many people. What is the difference between bitcoin and fil, and will fil become the next bitcoin? This article will explain the following four aspects.
Birth background bitcoin was born in the subprime mortgage crisis, fil coin was born in the era of big data
The birth of bitcoin is related to the current situation. The background is the global financial crisis in 2008, the dollar hegemony recklessly harvest global wealth. People questioned the hegemony of the dollar, and the decentralized bitcoin was created. Every big change in the price of bitcoin is related to the current situation. Bitcoin kicked off decentralization.
The birth of Filcoin has to do with the times. With the advent of the Big Data era, the pressure on Internet data storage is increasing and the old data storage and transmission protocols are gradually failing to meet the demand. Therefore, a new Internet underlying data transfer protocol, IPFS, was born, and filcoin is an incentive for IPFS. filcoin's future is closely related to the development of the Internet era. filcoin is the first digital currency based on decentralized applications.
Second, the issuer background bitcoin founder is unknown; the coin project was supported by Stanford University
The creator of Bitcoin is a mysterious man named "Satoshi Nakamoto". So far, no one knows who "Satoshi Nakamoto" is. No one knows if he is a man or a woman, a man or a woman. With the disappearance of Satoshi Nakamoto, Bitcoin as an issuer no longer exists.
The project owner of Filcoin is the American ProtocolLabs, founded by Stanford University professor Juan Bennett and endorsed by Stanford University in terms of technology. The investment coin project is backed by Stanford University and has received over $250 million in financing from eight major investors, including Sequoia Capital.
Third, the public is concerned about early bitcoin unattended, fil up and down as soon as it goes live
Bitcoin was born in January 2009, and it kicked off the blockchain. When Bitcoin was first released, however, it was completely ignored and worthless. It wasn't until May 2010 when a programmer traded 10,000 bitcoins for a pizza that the first bitcoin transactions began.
In October 2020, Filcoin was launched at a price below $30. Less than half a month after launch, the price fluctuated dramatically, with the highest price soaring to nearly $200 and the lowest price below $20. The half-month dip shows that the Fil offering has attracted enough attention
IV. Issuance mechanism bitcoin total 21 million, fil coins total 2 billion bitcoin total issue 21 million, four-year halving mechanism early mining costs are low and difficult; now has released more than 80%, mining costs are high and difficult. The loss of ore coins is mainly caused by early miners not realizing the value of bitcoin and losing the secret key.
Filcoin has a total issue of 2 billion pieces, and the six-year halving mechanism is still the first mining period. The loss of fil coins is mainly due to the fact that some of the fil coins were used as gas fuel for mining, i.e. they were "corrupted" by the system, while the loss of secret keys is less common.
Bitcoin's path has been long and winding, full of surprises; since the launch of Filcoin, the project has been looking forward to its long-term development; Bitcoin is the representative of the first generation of digital currencies, and Fil is the star of the new generation of digital currencies. The whole era has changed dramatically, both in terms of market awareness and application base.
