1. PixelPlaygroundHome
  2. Web3 News

What is Encapsulation Gas Fee (IPFS Sector Encapsulation Period)

• Web3 News • 85 views

What is Encapsulation Gas Fee? What is an Encapsulation Sector Gas Fee?When a no

What is Encapsulation Gas Fee (IPFS Sector Encapsulation Period)

What is Encapsulation Gas Fee? What is an Encapsulation Sector Gas Fee?

When a node has not completed a task and needs to pay a certain fee, someone will ask them to send the transaction to another person (such as an exchange). This method can cause some issues, such as whether users can use a form of Gas for transfers or how the system handles certain types of data.

To solve this problem, we have designed a mechanism called “encapsulation” that allows developers to write code freely without consuming gas, avoiding waste of resources and security vulnerabilities in the blockchain network. If these tasks cannot be achieved, it is necessary to submit data or perform various operations to other clients. This means that the server cannot function properly. Therefore, we must ensure the security of each user’s account during the development process.

For most projects, such incentive mechanisms are important and considered valuable because they usually affect user experience over different time periods. However, for users who have already built some protocols, this may not be ideal. But with the launch of more and more DApps, this feature has started to play a role, resulting in some applications similar to the “encapsulation” pattern.

The author of this article is an anonymous developer on GitHub who wants to understand what a claim is and why a closed GaS market needs to be created.

First, let’s introduce how the encapsulation works. Encapsulation is a type of software product (such as CDT, Netflix, and Spotify), hardware wallets, etc. It provides a set of selectable products that allow anyone to participate in development without requiring any funds. The design of encapsulation aims to improve security by utilizing smart contracts and decentralized applications (dapps) while providing developers with a simpler interface to compete with existing internet applications. Encapsulation refers to building a new ecosystem on open-source basis, where people can deploy encrypted assets directly in public services without permission.

The role of encapsulation is to relieve developers of the burden of controlling a large amount of computing power and rely solely on luck to obtain sufficient information and traffic. The function of encapsulation is built in an open environment, rather than centralized in one place.

IPFS Sector Encapsulation Period

According to official news, the IPFS sector encapsulation period will end on January 31, 2021 (a total of 6 months). Users need to import the public key and password of the sector into the system 7 days in advance.

It has been reported that IPFS nodes have completed the upgrade and the new version supports native digital assets of the IPFS protocol, providing staking services for IPFS token holders.

IPFS is a decentralized application platform based on EOSIO, aiming to achieve a completely trustless distributed storage network while maintaining the privacy of private data and access control permissions. Currently, the project has obtained multiple patents and funding. In May 2018, in the tens of millions of euros financing round led by Red Date Technology, investment participants included well-known VCs such as Antpool and F2Pool, as well as top domestic venture capital institutions such as LDCapital. In addition, wallets such as eos.binance and bitkeep have also joined the IPFS ecosystem.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/23741/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/13/2023 21:34
Next 08/13/2023 21:56

Recommended articles