Filecoin (FIL)

Filecoin (FIL)

Rank #31

$5.54

1.94%

0.0003 BTC

FIL
USD

MARKET CAP

$1.621B

ALL TIME HIGH

$237.24

VOLUME 24H

$216.42M

CIRC. SUPPLY

291.46M

VOL/MCAP

13.00%

TOTAL SUPPLY

291.46M

DILUTED MCAP

$1.719B

MAX SUPPLY

--

1H USD

0%

24H USD

1.94%

7D USD

1.18%

30D USD

0%

60D USD

0%

90D USD

8.15%

Tag:

mineabledistributed-computingfilesharingstorageView all

Contracts:

Filecoin Price Chart

24h Change

1.94 %

Filecoin - FIL Profiles

Users of Filecoin pay to store their files on the platform in the same manner as any other platform offering cloud storage such as Google Drive, or Dropbox. However, what sets Filecoin apart is that users can pay to store data and they can receive remuneration for storing other users’ files.

What Is Filecoin?

Filecoin is a decentralized data storage network built by Protocol Labs that allows users to sell their excess storage on an open platform. It acts as the incentive and security layer for IPFS (InterPlanetary File System), a peer-to-peer network for storing and sharing data files. Filecoin turns IPFS’ storage system into an “algorithmic market,” where users pay storage providers in Filcoin’s native token, FIL, to store and distribute data on the network.

How Does It Work?

In Filecoin, users pay to store their files on storage miners. Storage miners are computers responsible for storing files and proving that they have stored files correctly over time. Anyone who wants to store their files or get paid to host other users’ files can join Filecoin. The amount of storage available and the price of that storage is not controlled by any company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in.

Filecoin consists of a Blockchain and the FIL token. Memory miners earn FIL tokens for storing files. Filecoin’s blockchain records transactions for sending and receiving FILs, along with proof from storage miners that they are storing their files correctly.

Outstanding Features

Filecoin promises a number of advantages over centralized data storage solutions. They include:

  • Cost – By creating a larger free market for data storage, this should drive the price down.
  • Scale – Bringing millions of computers around the world together will create a huge storage network.
  • Economy – Instead of building new storage computers, Filecoin makes use of existing resources.
  • Safety – While Dropbox and iCloud have been hacked, a decentralized network means there is no single point of attack, making it harder to compromise.

Data saving

Storing data on Filecoin allows users to harness the power of a distributed network and open market served by thousands of different storage providers or miners.

Mining

Miners of the Filecoin blockchain are responsible for storing, providing content, and issuing new blocks. FIL mining is not like Bitcoin or Ethereum mining to provide computing power. For Filecoin, miners contribute storage to use in transactions with customers who want to store data and earn rewards

Why Filecoin (FIL) is important

Over the past few decades, the way that we store and access data has changed. In business, this has changed from on-site storage, where companies have huge server rooms, to remote data storage warehouses and more diversified cloud storage across the entire world. Currently, most businesses use a combination of all of these. Similarly, consumer data storage has also changed with an increased reliance on cloud storage.

This brings up cloud storage market superpowers such as AWS, HPE, and Dell. Business customers usually pick one provider and stay with it for years, which hinders competition. Filecoin allows customers who want to purchase storage to navigate the best deals on the fly, no matter who the storage provider is. This can likely create a more competitive cloud storage market.

Read more: Click here

People

We found 4 people related to fil-filecoin, include Juan Benet

Organizations

We found 1 organizations related to Filecoin has Protocol Labs

Filecoin Price Live Data

FIL Price

$5.54

Trading Volume

$216.42 M

All Time High

$237.24

1hour Change

-0.17%

24hours Change

1.94%

24hours Range

3.85%

24hours Low

$22.67

24hours High

$26.00

Liquidity ±2%

$1,110,099.91 B

Bids -2%

$11.10 M

Asks +2%

$13.31 M

Market Cap

$1.62 B

Fully Diluted Market Cap

1.72 B

Circulating Supply

291.46 M

Total Supply

291.46 M

Max Supply

0.00

Filecoin Markets

See All Market
wait

Sorry, we don’t have this data yet.

But our scientists are working like crazy to get it.

People Also Watch

Rocket Race
$0.009271
0.51%
chart
Firework Games
$0.004776
0.83%
chart
PayFlow
$0.003504
0.60%
chart
Falcon9
$0.000000000023
0.64%
chart
SmartFi
$1.12
0.18%
chart

Latest News

Be the first to know about Crypto news everyday

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.
people
iosandroid

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).

Email us: [email protected]

( web-v1.13.17-646378946)