1. PixelPlaygroundHome
  2. Blockchain Briefs

When will the Goguen High-Tech IPFS come online? (Is the Goguen High-Tech IPFS trustworthy?)

• Blockchain Briefs • 76 views

When will the Goguen High-Tech IPFS come online? When will the Goguen High-Tech

When will the Goguen High-Tech IPFS come online? (Is the Goguen High-Tech IPFS trustworthy?)

When will the Goguen High-Tech IPFS come online? When will the Goguen High-Tech IPFS come online?

On the evening of May 18th, the Filecoin mainnet launch event was held in Shenzhen. At the meeting, Zhang Wenwu, the general manager of the Goguen Blockchain, stated that as the mainnet launch enters the countdown stage, a series of preparations need to be made to deal with unexpected events. The completed hard fork upgrade is currently underway, and it is expected that a new round of testing and iteration will begin in July.

It is reported that Starry Sky, a mining machine manufacturer, is one of the largest cloud mining operators in China. The company’s products include IPFS, Filecoin (FIL), IPFS Ecological Fund, etc.; it has also launched distributed storage hardware “Bit Continent” and computing power treasure. (Wu said blockchain)

Is the Goguen High-Tech IPFS trustworthy?

In the field of “financial blockchain,” Goguen High-Tech has applied IPFS (programmable digital currency), which enables enterprises, individuals, and users to develop smart contracts, reduce transaction costs, and save costs. However, it is not clear to some people how to prove themselves as a safe and reliable company.

According to Securities Daily, the iPfs system developed by Goguen High-Tech has characteristics such as decentralization, immutability, and features based on IPFS technology, so its performance is much higher than other public chain platforms and cannot meet the distributed ledger requirements of enterprises. At the same time, the underlying architecture of the iPires system adopts the POS consensus algorithm. Due to the high power consumption and low efficiency of POW mining, there are hidden risks in node communication, resulting in data security not being guaranteed. In addition, compared with DPoS, the “PoSt authentication + verification” (Proof of Spent) model can provide more convenient services for enterprise financial management. However, this solution also has its flaws, namely, it cannot guarantee the security and stability of the entire network. Therefore, it is difficult to support large-scale production processes without sufficient information to support business operations, as there is a lack of necessary data storage and operation and maintenance resources to ensure information security.

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/24203/

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 08/16/2023 02:24
Next 08/16/2023 02:46

Recommended articles