Filecoin price today.
Get information about the price of Filecoin so you can make better buying or selling decisions
How the value of Filecoin evolves
Unlike centralized cloud storage companies such as Amazon Web Services or Cloudflare, Filecoin utilizes its decentralized nature to protect the integrity of information and ensure it is easily retrievable. You can quote, buy, and follow FILECOIN price on our platform, Cryptomkt.
What is Filecoin?
Filecoin (FIL) emerged in 2020 as a blockchain network aimed at creating a vast chain of decentralized data storage nodes. It operates on smart contracts, and its native token is known as FIL. The economic model of Filecoin is described as a "data marketplace", where users can sell their storage space to others who wish to rent it. Filecoin proposes a system where individuals can custody their data and make the web more accessible worldwide.
3 reasons to choose Filecoin
1
Incentive to participate
Since participating in the FIL network through mining and storage is directly linked to earning more block rewards, participants are incentivized to act correctly and store as much data as possible. This mechanism encourages a robust and reliable network of data storage.
2
Decentralized storage
Filecoin uses a decentralized storage network to store and retrieve data. Users can rent storage space on the network and pay for it using Filecoin's FIL cryptocurrency. This ensures that data is stored securely and decentralized on the network, enhancing resistance to censorship and tampering.
3
Interoperability
Filecoin is designed to be compatible with other networks and storage systems. This allows users to seamlessly store and retrieve data across different systems and applications. Interoperability also promotes the adoption of Filecoin's technology across various sectors and enhances its value as a decentralized storage platform.
