How does FILW complete governance? Participate in governance will receive FILW rewards

2021-05-25 18:58:16 Primitive Reading

　According to IPFS news, FILW recently announced the latest participation governance plan under the strong voice of the IPFS community, and decided to launch a global ecological governance competition next month to verify the performance of the FILW test network and the feasibility of the plan.

It is understood that FILW is the governance layer of IPFS. Like Filecoin, it is an important part of IPFS. It aims to encourage application developers to use IPFS to store and provide a public chain of application specifications. It will improve the network through cross-chain, verification, rewards, governance and other aspects to promote the development of the IPFS ecosystem.

Cross-chain: FILW completes the intercommunication between the EVM mechanism and the IPFS main network.
Verification: Data verification is performed through FILW main network node verification to ensure data security.
Rewards: Applications and users that use IPFS to store data will receive FILW rewards.
Governance: FILW will provide application storage specifications and promote practical applications through rewards and penalties.

How does FILW accomplish governance?
· Submit application: Use IPFS storage by submitting an application in FILW.
· Application rewards: Applications and users who initially use IPFS storage will receive FILW rewards based on the amount of data stored.
· Payment: Data intercommunication is completed through FILW cross-chain, and FILW is required to pay for fuel.
· Governance mechanism: When there is a large amount of invalid data in the application, the reward will drop.
· Reward release: Incentive tokens have a release period, and frozen incentive tokens also have governance effects during the release period.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.