January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Filecoin markets
To meet the demand and supply requests in the Filecoin network, there are two markets: a Storage Market and a Retrieval Market. The two markets have the same structure but different designs:
Figure 8.8: Filecoin market
Clients and miners propose a price for the services they need or provide by submitting it to the market. When the exchange matches the order, it will initiate and execute the deal.
Filecoin exchanges services in a decentralized fashion with the help of verifiable markets. Miners and full nodes are the participants of verifiable markets. A verifiable market is a protocol with two phases: order matching and ...