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Filecoin
Filecoin vs USD
4.824 0.219 (4.55%)
30 Jan 2025 20:12
Buy
4.824
Sell
4.811
100%
Traders' feedback
0%
Closing
4.382
Maximum price
4.848
One week high
5.193
52-week high
11.853
Opening
4.373
Minimum price
4.471
One week low
4.322
52-week low
2.902
About
Overview
Technical
Instrument specification (Filecoin)
Insta.Standard
Insta.Eurica
Buy
Sell
Commission
0.1%
Leverage
1:5
Lot
100 Filecoin
Spread
13
Buy swap
-0.05% (0%*)
Sell swap
-0.05% (0%*)
Minimum trade size
0.01 Lot
Short position
Available
Trading time
Around the clock Mo - Su
Filecoin(Filecoin vs USD). Forex quotes and online charts.

Filecoin Filecoin is a decentralized peer-to-peer cryptocurrency backed by blockchain technology. It was created in 2017 by Protocol Labs on the basis of the Interplanetary File System (IPFS). The network allows users to rent unused hard drive space and earn FIL tokens in return. Read more...

Filecoin

Filecoin is a decentralized peer-to-peer cryptocurrency backed by blockchain technology. It was created in 2017 by Protocol Labs on the basis of the Interplanetary File System (IPFS). The network allows users to rent unused hard drive space and earn FIL tokens in return.

Filecoin's decentralized storage system enables users to share and store files on different computers around the world. Moreover, the network does not depend on any regulatory organization. That is, no centralized authority can affect the storage or sending of your files.

How does Filecoin work?

The Filecoin cryptocurrency is based on blockchain technology. It provides organizations and individuals with a new way to store data around the world. When people have free storage available, they can become storage miners who are responsible for storing data on the Filecoin network. Clients pay FIL tokens for both storing and receiving data.

Benefits of Filecoin

  • Cost - Creating a wider free market for data storage should lead to lower prices.
  • Scale - Connecting millions of computers around the world will make it possible to create a massive storage network.
  • Saving - Filecoin uses existing resources rather than creating new computers to store data.
  • Security - While Dropbox and iCloud services have been once hacked, a decentralized network eliminates a single point of attack, which makes it more difficult to hack.

Future of Filecoin

Filecoin is a rapidly developing technology that can act not only as a decentralized data storage. Analysts predict the system will be able to run complex smart contracts and process large amounts of information in the future. This advantage may bring this cryptocurrency to a fundamentally new level.

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