Filecoin (FIL) | Buy Filecoin Now |
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Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University... | |
CVIX | 82 |
Current price | $5.91 |
Change 24h | -2.44% |
Change 7d | -10.12% | Market Cap | $3 217 374 384 |
Available supply | 544 091 609 FIL |
Volume 24h | $166 789 274 |
Updated | Saturday, April 27, 2024 8:01:49PM UTC |
Nature | Coin |
Mineable | Yes |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $5.66 | -4.25% |
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General FIL facts, technical details and Filecoin Cryptocurrency information
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.
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects.
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible
Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading.
In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants.
Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files.
Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward.
Ahead of the Filecoin mainnet launch, Gemini and Kraken have announced support for FIL. Huobi will list FIL after the mainnet goes live.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
---|---|---|---|---|
Apr 17 | 6.08 | 5.68 | 6.09 | 3 181 203 071 |
Apr 18 | 5.84 | 5.79 | 6.02 | 3 249 700 425 |
Apr 19 | 6.00 | 5.65 | 6.26 | 3 370 560 106 |
Apr 20 | 6.16 | 6.10 | 6.66 | 3 557 458 901 |
Apr 21 | 6.65 | 6.58 | 6.68 | 3 616 263 806 |
Apr 23 | 6.52 | 6.38 | 6.53 | 3 460 403 659 |
Apr 24 | 6.39 | 6.03 | 6.51 | 3 277 261 609 |
Apr 25 | 6.05 | 5.87 | 6.09 | 3 256 269 779 |
Apr 26 | 5.99 | 5.92 | 6.07 | 3 250 969 824 |
Apr 27 | 6.01 | 5.71 | 6.01 | 3 217 374 384 |
* Crypto Rating accepts no liability for any errors in the Filecoin information, FIL Prices and FIL's Market Cap. For the most up-to-date prices please visit the Filecoin's official website.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 80.4% | 27 | $63 314.98 | -0.88% | -2.42% | $1 246 738 974 312 | ||
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2 | ETH | Ethereum predictions | 74.8% | 43 | $3 233.91 | 2.87% | 2.67% | $394 702 640 300 | ||
3 | USDT | Tether predictions | 95.2% | 1 | $0.999276 | -0.05% | -0.11% | $110 481 850 652 | ||
4 | BNB | Binance Coin predictions | 87.2% | 20 | $594.41 | -1.48% | 3.73% | $87 727 120 398 | ||
5 | SOL | Solana predictions | 68.4% | 70 | $142.13 | -1.01% | -6.24% | $63 552 743 076 | ||
6 | USDC | USD Coin predictions | 91.2% | 2 | $0.999853 | -0.02% | -0.02% | $33 481 277 687 | ||
7 | XRP | XRP predictions | 64% | 70 | $0.519651 | -1.44% | -1.51% | $28 703 373 145 | ||
8 | DOGE | Dogecoin predictions | 64.8% | 67 | $0.147980 | -1.15% | -8.34% | $21 318 174 683 | ||
9 | TON | Toncoin predictions | 69.6% | 64 | $5.35 | -0.73% | -13.45% | $18 560 570 949 | ||
10 | ADA | Cardano predictions | 63.6% | 80 | $0.465163 | -0.21% | -7.39% | $16 577 052 499 | ||
11 | SHIB | SHIBA INU predictions | 62.4% | 82 | $0.000025 | -2.65% | -2.61% | $14 578 433 165 | ||
12 | AVAX | Avalanche predictions | 62.4% | 78 | $34.42 | -1.60% | -8.40% | $13 022 657 784 | ||
13 | TRX | TRON predictions | 85.6% | 21 | $0.120038 | -0.44% | 8.32% | $10 510 436 373 | ||
14 | WTRX | Wrapped TRON predictions | 85.2% | 18 | $0.119929 | -0.15% | 8.14% | $10 500 949 092 | ||
15 | STETH | Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
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