Filecoin
Doğrulanabilir Piyasalar Protokolü
Context
Figure 9 opens Section 5 (Filecoin Storage and Retrieval Markets) and appears immediately after the definition of Verifiable Markets. It presents the generic two-phase Verifiable Market protocol as a numbered list, serving as the abstract template from which both the Storage Market and Retrieval Market are derived. The caption reads 'Generic protocol for Verifiable Markets.'
What This Figure Shows
The Verifiable Market Protocol is structured in two phases. The Order Matching phase has two steps: (1) participants add buy and sell orders to the orderbook; (2) when two orders match, the involved parties jointly create a deal order that commits both parties to the exchange and propagate it to the network by adding it to the orderbook. The Settlement phase has two steps: (3) the network ensures the transfer of goods or services was executed correctly by requiring sellers to generate cryptographic proofs for their exchange or service; (4) on success, the network processes the payments and clears the orders from the orderbook. No single entity governs the exchange, all transactions are transparent, and anyone can participate pseudonymously.
Significance
By abstracting the market protocol to this four-step template, the whitepaper establishes that both storage and retrieval markets share the same fundamental structure — the only differences lie in what constitutes a valid cryptographic proof and how the orderbook is maintained (on-chain vs. gossip). This abstraction highlights that Filecoin's market design is a general primitive for decentralized service markets, not merely a storage-specific mechanism.
