A reliable reputation system is essential for the normal operation of the filecoin ecosystem. Reputation system is a cooperative screening algorithm to determine the level and category of these entities through mutual views and evaluation. Reputation system can make so-called trust more easily quantified, and with the more obvious reputation, the system becomes more effective.
Credibility is an important part of any effective market. People must evaluate the quality and credibility of their counterparties before they reach a deal. Filecoin is no exception. As a decentralized market and ecosystem, filecoin can support different needs and interaction modes of its users. Therefore, there are many reputation systems on filecoin to meet the different needs of network participants. In addition to improving network efficiency and promoting higher quality services, the diversified and decentralized reputation system on filecoin can meet the growing needs of users.
Digital mob has launched its first version of the filecoin miner credit system, which is now available on filrep.io.
1、 About digital mob
Digital mob is an interdisciplinary software development company headquartered in Bucharest, Romania, with its branches distributed around the world, and is committed to working with international customers who attach great importance to the quality of results and create memorable and meaningful experiences.
Digital mob has a professional technical team focusing on network and mobile technology, product design, system architecture, product development, and has many years of experience in blockchain technology. Currently, digital mob has created a series of tools for the filecoin community:
2. filstats: node telemetry and monitoring tool, which enables the community to view network statistics in real time.
3. space competition: the filecoin testnet Award Program dashboard supports stress testing of networks, encouraging participation and helping miners prepare for collaborative competitions running the world’s largest decentralized storage network.
4. filpol: filpol is a filecoin community public opinion survey tool to evaluate community views on filecoin improvement proposals.
2、 About filrep.io
Filrep.io provides all its data through public APIs and dashboards, which aims to meet the needs of all ecosystem participants: developers can use data provided by public APIs to improve miner selection options in their storage clients, and miners can use dashboards to check performance compared to other miners and learn more about how to improve services, Storage customers can use dashboards to select the miners that are most suitable for their needs.
Before we introduce the reputation system of filrep.io in detail, we should first know that filrep.io reputation system includes two main supplementary components
1. the credit score records the reliability of the miner when the transaction is conducted (reliability is understood to be the miner’s ability to successfully accept and complete the storage and retrieval of transactions).
2. a series of important indicators are very important for storage clients when evaluating the best miner’s data requirements (such as price, location, available space).
It is worth noting that in the first version of this filrep.io update, credit scores capture only aspects related to the reliability of storage transactions. The retrieval aspect of the system will be included in future version updates.
The calculation method of credit score
Filrep.io scores can be divided into several parts, covering all aspects that affect the successful completion of storage transactions. The following is the development list:
1. the highest score of miners is 100.
2. the score is based on three groups of main indicators, and the weight of each group of indicators in the total score is different:
Commitment Department certification index: 30% weight. Before upgrading the committed capacity sector to a trading department, miners will be rewarded for submitting evidence to the network that they have committed storage capacity. It is important to be prepared to meet storage requirements by failing as little as possible.
Online accessibility: 30% weight. The first step in starting a storage transaction is to ask the miners about their fil prices. If the request fails, the stored procedure cannot be continued and the miner must be punished. The credit system will regularly check miners. To calculate the accessibility score, we look at the distribution of successful / failed requests over time.
Trading index: 40% weight. The third part of the score reflects the success rate of the miners successfully completing the storage transaction. Storage trading is the livelihood of miners, which accounts for the largest proportion of the total score.
Credit rating V2 Roadmap
The ultimate goal of filrep.io is to provide a reliable, fair and complete credibility system for the filecoin community. Its development team is committed to permanently improving the tool by focusing on protocol improvements and community feedback.
In the next few months, a series of new features and improvements will be added to the current implementation. The following is the development list:
Add the first byte of the index, the speed of data retrieval.
Allow miners to create user accounts and gain access to more features:
Declare and name a miner (similar to the space race).
The group requires miners to enter the company / operating agency to allow the transfer of credibility from the machine to the company.
Enables miners to set up maintenance windows for their machines (robots will stop sending query requests in the maintenance window, so credit scores will not be affected).
Provide logs to improve transparency.
Allows miners to set up company pages and provide contact information.
In fact, all credit systems “rate” participants by collecting various forms of data. This system is very important for the operation of the market. For example, platforms such as eBay and Uber build rating systems based on user feedback, enabling people to choose to buy or ride objects knowingly. Therefore, an effective credit system can build trust between all parties, improve the quality of service, and cultivate loyalty between users and service providers.
The credibility system of filecoin will be the key to the sustainable development of ecology. Officials encourage interested parties to build different systems and develop trust among them in a decentralized manner, with the aim of improving the overall quality of the filecoin distributed storage market. Through a strong, transparent and credible credit system, filecoin can drive distributed storage and the continuous development of decentralized economic market to bring more people.