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Filecoin FIL

BUY

€0.7729423

-1.06% (24h)

Marketcap

€590,570,503

Volume 24h

€71,165,416


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Description

Filecoin (FIL) is a decentralized storage network that allows users to rent out their unused storage space in exchange for FIL tokens. Launched in 2020, Filecoin aims to create a more efficient and secure alternative to traditional cloud storage services by leveraging a distributed network of computers. Users can store, retrieve, and share data in a decentralized manner, ensuring that no single entity has control over their information. FIL is used to pay for storage services and is earned by storage providers.