In the BitcoinFile network, all resource sharers (miners) can mine by sharing their own disk space and network bandwidth. The amount of BitcoinFile earned depends on how much disk space and network bandwidth it shares, and only the disk space and network bandwidth actually used by the users will be calculated as proof of work, thus improving the overall network performance and efficiency.

BitcoinFile(BIFI) is a point-to-point distributed file system based on blockchain technology and it aims to create a global decentralized file system combined with IPFS file system and bitcoin settlement network. The combined technology makes it more environmentally friend for the world, more fair and more rewarding for miners, more reliable and easier-to-use for users. It perfectly solves the problem of low stability in IPFS networks due to the inability of contributors to earn sufficient returns and the uselessness of power consumption in the process of bitcoin mining.

Total distribution: 21 billion
All holders of Bitcoin will receive an airdrop of BitcoinFile at a 1:1,000 ratio
The remaining BIFI will be distributed to community participants who contribute resources through POW mechanism
The BitcoinFile foundation will mine 0.21 billion BIFI in advance, of which 0.1 1 billion will be used for marketing and ecological construction
Innovative Enhanced Access Protocol based on DPOS is applied in the network by deploying certain number of Strategic Nodes, greatly improving the stability and availability of the IPFS network
BitcoinFile can be used to trade file assets, disk space and network bandwidth