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Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. Miners earn the native protocol token (also called “filecoin”) by providing data storage and/or retrieval. Conversely, clients pay miners to store or distribute data and to retrieve it. “Filecoin” can refer to a) the network, b) the protocol, c) the token powering the network, and d) the project.
The mainnet Ignition launching next month will be a predatory launch of the official mainnet Liftoff for the Filecoin platform. The pre-Liftoff phase is more about getting users acquainted with the platform.
BitTorrent File System has shaken up Filecoin, the bearer of the IPFS banner, by shipping its protocol first and integrating it into an established file sharing network.
Andreessen Horowitz closed its second fund with $515 million in capital commitments. The company’s second crypto fund shows that the venture capital firm is targeting specific areas to invest in the cryptocurrency space.
Coinbase Custody has today announced at-launch support for a new row of assets, including cGLD, FIL, KEEP, NEAR and DOT. It means that Coinbase Custody customers will now have a safe place to store these assets.
Bluzelle is eager to make dApps decentralized by incentivizing developers to utilize distributed storage. To speed up the process they prepared $30K in rewards.