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These advancements will create a completely decentralized storage market, ensure that your files are secure, and allow miners to earn Filecoin (FIL) — the token of the Filecoin Network — for storing your files. Filecoin is a decentralized storage network designed to store humanity’s most valuable information.What is Filecoin (FRTC)?
Filecoin ( ⨎) is an open-source, public cryptocurrency and digital payment system intended to be a blockchain -based cooperative digital storage and data retrieval method. It is made by Protocol Labs and builds on top of InterPlanetary File System, allowing users to rent unused hard drive space.What is the price of Filecoin right now?
In just the past hour, the price grew by 0.67%. The current price is $36.00 per FIL. Filecoin is 84.79% below the all time high of $236.75. The current circulating supply is 136,672,559 FIL. Uncertainty over the Omicron variant and the Fed’s plans are among the drivers of a brutal crypto market pullback.What is Filecoin’s blockchain?
The blockchain is based on both proof-of-replication and proof-of-spacetime . Contrary to centralized storage methodology, Filecoin aims to store data in a decentralized manner, which is resistant to problems that occur in centralized storage.