|Filecoin (FIL)||Buy Filecoin Now|
|Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University...|
|Change 7d||-11.30%||Market Cap||$3 820 502 608|
|Available supply||151 339 089 FIL|
|Volume 24h||$425 982 376|
|Updated||Friday, January 21, 2022 11:00:03AM UTC|
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, $|
|Jan 12||28.89||28.55||30.77||4 515 586 809|
|Jan 13||30.78||28.73||30.78||4 246 706 522|
|Jan 14||28.47||28.27||29.56||4 366 174 767|
|Jan 15||29.81||29.53||30.52||4 424 580 305|
|Jan 16||29.79||29.73||31.13||4 524 419 353|
|Jan 17||30.42||28.75||30.42||4 276 457 093|
|Jan 18||29.02||27.78||29.26||4 310 815 607|
|Jan 19||28.52||27.28||28.60||4 202 846 383|
|Jan 20||27.64||26.64||28.60||4 026 613 226|
|Jan 21||26.13||25.03||26.41||3 820 502 608|
* 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||70.4%||62||$38 967.91||-7.44%||-7.59%||$737 892 869 372|
|2||ETH||Ethereum predictions||60.4%||78||$2 871.05||-8.60%||-11.22%||$342 372 023 455|
|3||USDT||Tether predictions||95.6%||1||$1.000160||-0.01%||-0.02%||$78 287 072 748|
|4||BNB||Binance Coin predictions||71.2%||56||$428.81||-7.90%||-9.28%||$70 802 974 684|
|5||USDC||USD Coin predictions||95.2%||1||$1.000296||-0.04%||0.05%||$42 399 121 779|
|6||ADA||Cardano predictions||74.4%||49||$1.23||-8.69%||-1.46%||$41 378 123 412|
|7||SOL||Solana predictions||61.6%||87||$123.51||-9.84%||-13.96%||$38 846 684 963|
|8||XRP||XRP predictions||68.8%||59||$0.691874||-6.72%||-9.81%||$32 976 873 993|
|9||LUNA||Terra predictions||69.6%||58||$77.73||-5.70%||-0.40%||$27 703 412 550|
|10||DOT||Polkadot predictions||72.8%||48||$22.45||-8.55%||-14.69%||$22 171 004 822|
|11||DOGE||Dogecoin predictions||71.6%||50||$0.153961||-6.54%||-20.35%||$20 426 155 179|
|12||AVAX||Avalanche predictions||66%||77||$76.46||-9.87%||-13.92%||$18 683 659 839|
|13||BUSD||Binance USD predictions||90.8%||1||$0.999181||-0.15%||-0.05%||$14 221 363 997|
|14||SHIB||SHIBA INU predictions||66%||68||$0.000026||-7.57%||-15.60%||$14 165 186 561|
|15||MATIC||Polygon predictions||66%||64||$1.90||-8.89%||-14.69%||$14 121 576 857|
In the crypto market, it’s often the early bird that gets the worm. Here’s how two quant-style indicators flashed a bullish signal for FIL and NEAR. In financial markets, the uneven distribution...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.