Filecoin To Participate In The Second Phase Of Its Contest Space Race
Filecoin To Participate In The Second Phase Of Its Contest Space Race
September 14, 2020
Filecoin To Participate In The Second Phase Of Its Contest Space Race
Filecoin To Participate In The Second Phase Of Its Contest Space Race
September 14, 2020

Filecoin has invited all miners around the world to participate in the second phase of its contest Space Race, which aims to help prepare its mainnet. 

It has been reported in a post that Filecoin decided to conduct Space Race 2 after the large participation of miners in the first Space Race, who numbered more than 356 miners from 32 countries worldwide, and after the results from its first iteration. 

However, the second Space Race is open to everyone from September 14 till October 5.

Filecoin said that the experiment will consist of two tracks to ensure that different network parts are practiced and tested by community members. The first is for storage miners to continue testing and growing the network’s scale and the other is for Filecoin clients and application and tool developers, as it will encourage them to make storage and retrieval deals so they can prepare for the mainnet. 

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Also, the firm said that there are two objectives for conducting the second phase of Space Race; the first is to create a suitable economic simulation through which the impact of factors, such as block rewards and gas fees, is studied. The second is to simulate suitable markets, especially with the imminent transition to mainnet, which means a robust, global, and decentralized storage network for human information.

Thus, Filecoin said that it is on track to launch its mainnet back in June though it hoped to release the mainnet during the summer.

Source: Cointelegraph | Image: CoinCentral


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.