$5.80
1H
0.11%$0.0064
24H
1.63%$0.0930
7D
9.85%$0.5201
30D
-3.82%$0.2304
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.
As the bear market seemingly draws to an end, many traders are scrambling to invest in the most profitable cryptocurrencies available.
Crypto investment is exploding in India, specifically amongst India’s youth, who prefer digital assets to stocks or bonds, and the nation is leading in global crypto adoption.
The cryptocurrency market is not a stranger to a spontaneous dip in value.
Many cryptocurrency investors have turned their financial status around by investing in well-performing digital currencies.
LongHash Ventures, Asia’s first Web3 Accelerator and one of Asia’s leading Web3 venture funds, is continuing its partnership with Protocol Labs, creator of Filecoin and IPFS, to launch the 3rd LongHashX Accelerator Filecoin Cohort.
