What Is Folderlabs? (FOL) Complete Guide Review About Folderlabs.

What Is Folderlabs? (FOL) Complete Guide Review About Folderlabs.

What Is Folderlabs?

The Folderlabs Coin (FOL) is designed to function as a second-layer solution for decentralized storage network; an incentive layer on top of IPFS, which enables to provide storage infrastructure for any data. Folder protocol will benefit especially for decentralizing data, building and running distributed applications, and implementing smart contracts that operate on large volumes of data.

Additionally, it also benefits the users for the faster retrieval and wider distribution of content; anyone can participate contributing to the Folder protocol ecosystem by node operating, mining and offering storage services.

Folderlabs Coin Storage Key Points

Coin BasicInformation
Coin NameFolderlabs Coin
Short NameFOL
Circulating Supply11,000,000.00 FOL
Total Supply200,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

FOLDER PROTOCOL

Scaling the Network of Distributed Storage

Folder is designed to function as a second-layer solution for decentralized storage network; an incentive layer on top of IPFS, which enables to provide storage infrastructure for any data.  Folder protocol will benefit especially for decentralizing data, building and running distributed applications, and implementing smart contracts that operate on large volumes of data. 

Additionally, it also benefits the users for the faster retrieval and wider distribution of content; anyone can participate contributing to the Folder protocol ecosystem by node operating, mining and offering storage services.

Empowering the Distributed Storage

Folder Protocol (FOL) provides the secure network and token that clients and miners can use to enter storage contracts in a peer-to-peer fashion. The protocol enables buyers and sellers to trade in storage space directly. As a result, clients and miners are free to negotiate prices and features.

​The Folderlabs Coin network constructs a P2P distributed file network for each continent-each network that is connected through Crust. Folder protocol redistributes stored files to Folder network by providing virtual supercomputing storage to improve each file retrieving speed.

Key Principles

Petabyte Level of Data Sets Distributed

Datasets are distributed at Petabyte level to allow extremely quick storage and retrieval speed for users wider distribution of content

Large-Scale Computing Across Organizations

Virtual supercomputing storage to improve each file retrieving speed both for intra and inter-organization purpose for secure and fast data distribution

HV/HD Real-Time Media Streaming

Folderlabs High-speed retrieval of stored contents throughout the continents to allow smooth high-definition and high-volume real-time media streaming

Supports Versioning and Linking for Large Datasets

Distributed ledger system preserves all the file metadata, including file size, author to link a full-fledged large set of data serving model

Node Creation/Destruction

Folderlabs Coin To be identified as a node in Folder Network, the node must execute Folder Protocol Backend Service(Daemon) and the Folder Protocol Manager will verify the network hardware and software requirements for the node. There are different types of nodes as described above. When the node passes the verification, the Folder Protocol Manager passes the request to the network and adds to the network as a node based on the configuration request.

Virtualized Gateway Network Creation/Destruction

As explained above, when a user requests Virtualized Gateway Network, the user provides their
network and storage configuration and submit the payment to the Folder Manager. In the
beginning, these requests will be evaluated uniformly across the resources of subnodes. But in
the future versions of the Folder Protocol, the user will be able to specify granular configuration
parameters for the number of virtualized subnodes, their network & storage.

Folder Protocol Manager

Folderlabs Manager exists on the mainnet and serves as the entry-point to the Folder
ecosystem. It will manage the orchestration of all entities within the Folder Network including
the Virtualized Gateway Networks creation/destruction, Node creation/destruction, economic
incentives related to storage creation/retrieval, bounties, etc.

Folder Protocol Technology

The network doesn’t care if it is finding the nodes that are decentralized or centralized.
With IPFS, resources become important. The more connections a node has with other nodes,
the faster it will be able to find nodes with the data and have its own data be discovered.
However these extra inter-node connectivity demands more powerful resources. Servers, thus,
perform better for data retrieval and node discovery in a highly connected network.

Token

Token Economics

Folderlabs Coin are three main actors of Folder Protocol’s token economy that interacts with one
another:

  • Miner/Client provides computing power to Folder Protocol, ultimately contributing to the Filecoin network and receiving FOL as a reward.
  • Folder Protocol functions as an intermediary layer to facilitate the exchange of
    computing power and FOL token between FOL client and IPFS/Filecoin nodes
    accumulating Filecoin.
  • IPFS/Filecoin Nodes are owned by Folder Protocol. This group of nodes provides
    computing power as a part of the Filecoin network to engage in mining activity.