According to official sources, Filecoin's improvement proposal FIP-0014 allows the V1 proof sector to be extended to 540 days at most has been approved and will be implemented at 6:00 on April 13th.
More than 200 miners participated in the voting for this proposal, of which 1.19EiB (98%) miners approved and passed by an overwhelming majority.
The FIP-0014 proposal allows V1 sectors to be extended to 540 days. For sectors encapsulated before November 27, 2020 (sectors sealed with V1 certification before network upgrade), the sector's life cycle can be extended to 540 days, including The number of days it has been running.
It is reported that the reason FIP-0014 will be launched is that there are security problems in the early encapsulated sectors of the mainnet, which may threaten Filecoin's network security in the future. Previously, the expansion of such sectors was prohibited in the network V7 upgrade (November 2020). The decision also touches on the economics of cryptography.
While eliminating potential safety hazards, this proposal also considers the fairness of miners as much as possible. The V1 certification part should be treated equally as any other part. Many stakeholders in the Filecoin project have expressed their opinions on the new FIP. In order to ensure a complete understanding of whether the community supports the newly proposed FIP, the proposal also hopes that every community member will participate in community voting.
According to the FIP-0014 proposal, Filecoin pledged coins before November 24, 2020, cannot be renewed, and the early pledged coins are all free chips received by miners from the official tap. This part of the chip is about 7.9 million chips and will be in mid-April. As they expire one after another, Filecoin's network computing power may drop significantly, and these free pledge coins will lead to a substantial increase in Filecoin's actual circulation.
It is worth mentioning that the price of FIL has shown a sharp increase recently, which has also driven the rise of the entire storage sector. Data shows that FIL has risen by more than 300% in the past 30 days.
Such as STORJ, CRU, etc., have seen a single-day increase of more than 20%.
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