FileStar, the decentralized Web3 storage infrastructure
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FileStar

Decentralized Web3 storage infrastructure

  • Blockchain
  • Mining
  • FinTech
  • Web3
  • Data

PixelPlex has designed an incentive layer for a distributed storage network based on the IPFS protocol. The solution has been created on top of the Filecoin concept and comes with several technical improvements and innovations such as advanced hash algorithms, the removal of a pledged collateral, and recursive zk-SNARK technology.

Team

  • Blockchain developers2
  • Business Analyst
  • Project manager
  • UX/UI Designer
  • IOS developer
  • Android developer
  • QA engineer
  • DevOps

Project goals

1
Facilitate an optimized utilization of computation, storage, and bandwidth resources
2
Help lower the threshold for mining
3
Solve the TPS and on-chain message congestion
4
Improve scalability and mining efficiency
5
Ensure a fair token launch and community governance
6
Optimize the performance of the existing Filecoin mining software
7
Lay the groundwork for a fully-fledged Web3 internet infrastructure

Work done

  • Design and implementation of an incentive layer for a distributed storage network

  • Modification of the WindowPoST spot check logic

  • Introduction of a recursive storage proof to enhance on-chain processing and TPS

  • Android/ iOS FileStar mobile wallet

  • Integration of the EVM for smart contract development

  • Creation of a sustainable and fair token governance system

Technologies used

  • echo icon
  • swift icon
  • health-kit icon
  • core location icon
  • core location icon
  • smart contaract icon

Business opportunity

FileStar is premised on the idea of Filecoin. The latter is a peer-to-peer network intended for storing files. It incorporates special built-in economic incentives to ensure that files are kept reliably over time.

In spite of its ground-breaking vision and great aspirations, Filecoin does not boast a polished design and sophisticated technical features that could help it demonstrate a greater performance.

On top of that, Filecoin’s project development and management are too centralized and its native token distribution and release are relatively unfriendly to miners. Among other obstacles that prevent it from gaining wider traction are the high threshold for participating in Filecoin mining and a limited on-chain processing capacity.

Space view of three planets

Solution

Inspired by Filecoin’s innovative idea, our PixelPlex team designed an incentive layer for decentralized storage called FileStar that can help usher in the Web3 internet infrastructure.

The solution is based on the same vision as Filecoin, yet comes with several improvements such as the removal of an initial pledged collateral, integration of the EVM, a more elaborate tokenomics vision, innovative hash algorithms, and much more.

FileStar is also slated to tackle the most pressing challenges of Filecoin and attract more hardware, providing abundant storage, bandwidth, and computation resources.

The UI of the transfer page of FileStar

Details

Taking into account the imperfections of the Filecoin project, our PixelPlex team has worked out and incorporated a set of special features in the FileStar solution. The sophisticated characteristics contribute to FileStar’s high performance, enable incentive at a more refined granular level, and facilitate an optimized utilization of computation, storage, and bandwidth resources.

The collage of a few UIs of FileStar

Elaborate tokenomics model

To encourage miners to contribute to the storage, computing, and bandwidth of the project, we have designed a FileStar native token called STAR.

STAR can be used for paying for gas and storage and gives its holders the unbreakable right to vote on key decisions and further development of the FileStar project.

The UI of the transaction details page of FileStar

Decentralized governance

The FileStar community consists of developers, miners, and average token holders. Each of them can participate in the vote and jointly determine the network’s direction and growth as well as the development and launch of new features.

In the community, anyone has the right to submit a pool request with a complete test code. All submissions will be merged into the test network after a thorough analysis and will be launched on the mainnet once they have demonstrated adequate running.

A scheme of blocks symbolizing decentralized governance paradigm

EVM integration

Our developers have successfully integrated the Ethereum Virtual Machine (EVM) into FileStar. This allows the FileStar team to develop and deploy Ethereum-powered smart contracts right on the platform with minimal changes in the code.

Visualization of a blue EVM that reads binary code

Project features

A blue icon of an infographic

Lower mining requirements

A blue icon of scalability

High scalability

A blue icon of a data list

Great data availability

A blue icon of a decentralized scheme

Decentralized governance

A blue icon of a gear

Fair token distribution mechanism

A blue icon of a gear on a mobile display

Improved performance of mining software

A blue icon of a shield with a checkmark

Efficient use of resources

A blue icon of a line chart

Refined design of the economic model

Ongoing development and future plans

Our PixelPlex team firmly believes that the successful launch of FileStar’s incentive layer for decentralized storage is a significant achievement in the Web3 space.

We continue working on the enhancement of a proof mechanism for computing and bandwidth facilities to further attract different resource providers. This will allow us to create even more robust decentralized computing and distributed bandwidth networks.

As far as long-term goals are concerned, we are planning to:

  • enhance the smart contract fucntionality to be able to converge data chunks in more sophisticated storages
  • create a desktop application with a convenient interface that will help easily deploy a node and ensure its smooth communication with other nodes

Contact us

Let’s shape the future of blockchain and Web3 together! Hit us with your project requirements and we’ll get back to you for a detailed discussion.

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