One Day before Filecoin Mainnet Launch: Exchange and Wallet Support & Two FIPs

Natalie-6block
3 min readOct 14, 2020
Filecoin Network Explorer Filfxo.info Screenshot at 10/14/2020 12:46 PM EST

One Day ahead of the Filecoin Mainnet Launch

We are less than 24 hours away from the Filecoin mainnet launch. Yeah!

At the writing of this article at 12:46 PM EST October 14th, 2020, the Filecoin network was at the Block Height of 146,175. And the mainnet launch will be at Block 148,888, a fortunate number in the Chinese culture, which is estimated to be around 10 to 11 Am October 15th, 2020 EST.

After the Filecoin mainnet launch, a period of monitoring and vulnerability repair will be carried out to ensure the network's normal operation after the transition.

At the same time, the official will hold a week-long mainnet Lifeoff event from October 19th to October 23rd.

Network and Mining Stats at the Moment

At the writing of this article, the effective computing power of the entire network is 536.54 PiB, the Pledge Collateral per sector is 0.23 FIL, and the total amount of Pledge Collateral on the entire network exceeds 11.86 million FIL; the reward for a single block is 10.629 FIL, and the mining reward for the past 24 hours is 138,340 FIL.

Filecoin officially plans to migrate all sectors of the current network to the main network. At present, the three main clusters of 6Block's mining pool have cumulatively contributed over 78 PiB of computing power to the network, with a cumulative total of 1.76 million FIL in Pledge Collateral and block rewards, ranking first temporarily.

Exchange and Wallet Support

Recently, major exchanges such as Coinbase, Huobi, OKEx, Gate.io, etc. have announced support for FIL deposit and trading as soon as the mainnet goes live. Huobi and other exchanges have launched Deposit & Trading Competition to encourage users to trade.

6Block is glad to announce that we will soon launch Filfox Wallet, a Filecoin wallet shortly.

Filfox Wallet, Coming Soon!

In case you missed it, you can now find Filfox.info from the Filecoin official homepage here:

Filecoin.io Homepage

FIP 0004, a new Liquidity Improvement for Storage Miners

As we mentioned in yesterday’s article, Pledge Collateral is a major headache faced by the miners. And because of the 180–day linear vesting of Block Rewards, it is difficult for miners to have a positive cash flow in the short-medium term. To help miners, the Protocol Labs team has drafted a new FIP to make 25% of storage-mining block rewards immediately available with no vesting on October 14th. And FIP 0004 won’t come into effect before the mainnet begins, “but it could land soon after if the community agrees it's a good chance.”*

This FIP will definitely alleviate the pressure on miners but won’t cover the full Pledge Collateral cost. Miners still need to find ways to prepare the Pledge Collateral for mainnet.

Filecoin Plus Principles FIP

Also, Protocol Labs has released the Filecoin Plus Principles proposal yesterday. “This proposal rebrands the Verified Clients program as Filecoin Plus — to represent the addition of a layer of social trust and all the use cases that will be enabled on the existing Filecoin protocol.” *

Both FIPs have received very positive feedback from the community.

That’s all for today’s update.

Happy mining!

You can follow the 6Block Twitter Account here. And also, don’t forget to check Filfox.info, the best Filecoin chain explorer. You can also follow Filfxo.info’s twitter account here.

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Natalie-6block

6Block is a mining pools focusing on Handshake and Filecoin.