$168
1H
2.01%$3.31
24H
-3.03%$5.24
7D
-5.41%$9.60
30D
237.30%$118.1
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.
By combining its core network technology with Filecoin IPFS (InterPlanetary File System), VideoCoin aims to build a next-generation video NFT trading platform.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
The Messari study showed that Coinbase listings bring much more returns to investors in comparison to other exchanges like Gemini, Binance, Kraken, FTX, and OKEx.
The ongoing rally in the BitTorrent (BTT) ecosystem may be linked to heightened interest in the protocol following the announcement of key upgrades including the increase in the BitTorrent File Sharing (BTFS) network decentralization.
The overall crypto market has hit a new all-time high. While Bitcoin has shown some strength, the altcoin space has overwhelmed Bitcoin performance over the last week.