
Filecoin Price Skyrockets amid Upbit Listing Announcement: What’s Next for FIL?
FIL witnessed a major price surge after its listing on Upbit exchange, along with a notable surge in development activity.
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-0.07%$0.0017
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-19.7%$0.5995
FIL witnessed a major price surge after its listing on Upbit exchange, along with a notable surge in development activity.
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Like every other network upgrade, the NV23 upgrade is a move by Filecoin aimed, first, at improving its network performance.
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Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
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Find here everything you need to know about the advanced Internet Computer Protocol – a blockchain that aims to replace the Internet and break the monopoly of tech giants.