$4.52
1H
0.41%$0.0185
24H
-10.5%$0.5286
7D
-2.19%$0.1012
30D
-5.94%$0.2854
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.
The collaboration between the Filecoin network and the io.net platform is a major shift for the decentralized storage providers, as more income avenues have been created.
Dive into the future of blockchain storage with Euler Network. Unraveling complexities, compare with Filecoin and Ethereum, discover why Euler is the ultimate solution. Join the revolution now!
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VeChain’s (VET) and Filecoin’s (FIL) recent bearish trends have propelled many investors to embrace VC Spectra (SPCT).