Filecoin (FIL) Price, Info & Live Chart

• Filecoin description

Filecoin is a decentralized storage network that allows users to rent out spare storage space on their computers in exchange for Filecoin tokens (FIL). Built on top of the InterPlanetary File System (IPFS), Filecoin provides a solution to the growing need for more efficient, decentralized storage of data. The network connects users who have available storage space with those who need to store large amounts of data, creating a marketplace where prices are determined by supply and demand, rather than by a central authority. What sets Filecoin apart from traditional cloud storage providers, such as Google Cloud or Amazon Web Services, is its decentralized nature. Instead of relying on a single company to store data, Filecoin’s network spreads data across many different computers, improving security and reducing the risk of data breaches. Filecoin miners, who provide the storage capacity, are rewarded in FIL tokens for successfully storing and retrieving files on the network. Filecoin’s decentralized model also allows for better data integrity and accessibility. Files are split into pieces and stored on different nodes, which ensures that even if a node goes offline, the data can still be retrieved from other nodes. This makes Filecoin an attractive solution for storing large datasets, backup files, and other critical information. As data storage needs continue to grow exponentially, Filecoin offers an innovative way to meet those demands while ensuring data is secure, private, and always accessible, marking it as one of the leading projects in decentralized data storage.

• Summary

• Symbol: FIL
• Chain Name: bnb
• Token Address: 0x0d8ce2a99bb6e3b7db580ed848240e4a0f9ae153


• Website: Official Website
• Whitepaper: Official Whitepaper
• Source Code: Coin Source Code
• Explorer: Coin Explorer
• Announcement: Announcement Channel