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Filecoin FIL |
BUY
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|
$0.8544003 |
-2.99% (24h) |
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Marketcap |
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$657,167,372 |
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Volume 24h |
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$93,638,216 |
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Description
Filecoin (FIL) is a decentralized storage network that turns the world's unused storage space into an efficient and secure marketplace for data. It operates on a blockchain that uses "Proof of Replication" and "Proof of Spacetime" to ensure that providers are actually storing the data they claim to be. Users pay FIL tokens to store their files, while "miners" earn tokens by providing storage capacity and high-speed data retrieval. By decentralizing the web's storage infrastructure, Filecoin aims to protect humanity's most important information from censorship and central points of failure.