Filecoin
Filecoin Wallet Extension
- Send FIL
- Receive FIL
- Store FIL
Decentralized data storage is a convenient and secure way to save any type of information. This is the service offered by the Filecoin blockchain project. It has attracted the interest of both investors and miners. A detailed review of the Filecoin (FIL) cryptocurrency will help determine the prospects of the altcoin for trading and long-term investments.
Some features of the Filecoin (FIL) cryptocurrency:
- Decentralized data storage platform.
Users pay storage providers for storing and ensuring the integrity of information.
- Use of the IPFS protocol.
The distributed file system allows you to access files and distribute them around the world without relying on a centralized server.
- The native currency of the blockchain of the same name.
FIL is used to pay for all operations in the ecosystem, from data placement and access to transaction fees. Rewards for adding blocks and storing information are also paid in this coin.
- The presence of two consensus algorithms.
Proof-Of-Replication confirms the complete and accurate copying of files in the storage, and Proof-of-Spacetime confirms that they continue to be stored properly.
The cloud decentralized network can be used to store data: videos, personal files, security archives, dApps, websites. The main thing is that it ensures protection, backup and transfer of important information to future generations (from historical archives, media publications to scientific research).
Thanks to the project, users can receive Filecoin cryptocurrency for others using the capacity of their hard drives to save information. The reward in the form of tokens can then be exchanged for fiat or other digital money.
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