Filecoin
FIL
Crypto
Decentralised Networks
USD 4.99+1.75%
Filecoin
UMushroom community rating:
About
Decentralised Networks
CategoryProof Of Work
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2020
Year of creation
Description
Filecoin (FIL) is a Decentralised Networks crypto coin. The coins can be earned through the process of mining. Filecoin`s origin block was generated on 2020-10-14. More information can be found at https://filecoin.io/.
Key Technical Advantages:
Decentralized storage network: Filecoin is a peer-to-peer network that stores files and ensures their reliable storage over time. It leverages a distributed storage system that allows users to pay for storage or earn money by providing storage to others. Built on IPFS: Filecoin is built on top of the InterPlanetary File System (IPFS) protocol, a distributed storage network that uses content addressing for permanent data references. This means that instead of relying on specific devices or servers, IPFS provides a more robust and decentralized way of addressing and accessing content. Incentive layer: Unlike IPFS, Filecoin includes an incentive layer that rewards storage providers for reliably storing and providing access to files. This incentivizes participants to contribute storage resources and ensures that the stored content remains accessible and secure. Use cases: Filecoin supports a variety of use cases, including decentralized storage for Web3 applications, NFTs, metaverse assets, permanent storage, and cheaper alternatives to traditional cloud storage. Organizations like the Shoah Foundation and Internet Archive use Filecoin for data backup, while other platforms leverage it for decentralized storage in music streaming and video conferencing. Content support: Filecoin supports a wide range of data formats, including audio and video files. This enables Web3 platforms and applications to utilize Filecoin as a decentralized storage solution for various types of content, providing greater flexibility and reliability compared to centralized storage systems. Content summarized by AI chatbotSource:
https://docs.filecoin.io/Key figures
-5.34%1Y
-85.1%3Y
-93.6%5Y
Performance
5/ 41D
8/ 41M
11/ 21Y
Highs/ Lows
30.08.2022
USD 189.58
All Time High
2.63%
% of All Time High
-98.54%All Time
-74.71%1 year
Max drawdown
#44
Ranking by Market Cap
3,193.29 M
Market cap (USD)
0.00%
% of Market
900.444 B
Category Market Cap (USD)
0.35%
% of Category
1959728323
Circulating Supply
613310321
Liquid Supply
31.30%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
541022862
Volume Traded
30.94%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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