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Filecoin

Real time Filecoin quotes, volume, change, daily range, market cap and circulating and max supply. Compare rates according to a cryptocurrency exchange list on our Filecoin Market section and view our cryptocurrency FAQ and leading cryptocurrencies sections.

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1 FIL =

฿ 0.00001850

-0.00000020 -1.07%

14:19:39 - Real-time Data

Market Cap:

$1.61B

Circulating Supply:

FIL701.21M

Max Supply:

FIL0

Vol (24H):

$230.90M

Chg (7D):

-2.70%

Day's Range:

0.00001850 - 0.00001920

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	Name	Exchange	Last	High	Low	Chg. %	Vol.	Time
	FIL/BTC	Binance	0.00001850	0.00001950	0.00001850	-1.07%	63.45K	14:19:53
	Filecoin BTC	Investing.com	0.00001850	0.00001920	0.00001850	-1.07%	63.45K	14:19:39

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FAQ

Where to buy Filecoin
Filecoin is available on Binance, Coinbase, Huobi, Gate.io, Gemini, Kraken, Kucoin, and over 30 other exchanges. You can also buy Filecoin from cryptocurrency trading broker eToro. However, you need to open an account on these platforms to buy or trade Filecoin.
What is Filecoin?
Filecoin is a promising project which aims to revolutionize the cloud and data storage industry. Leveraging blockchain technology, Filecoin is a decentralized file storage system that seeks to “store humanity’s most important information.” It was developed by Protocol Labs and built atop the InterPlanetary File System (IPFS) as an incentive layer. Filecoin allows users to rent unused or dormant hard drive spaces with the owners of this free storage rewarded with the project’s token FIL.
How does Filecoin work?
Filecoin splits each user’s data into fragments and spreads across the network using secure communication. Each Filecoin miner has a tiny fragment of the data, which only the data owner can access with a passkey. To ensure that each Filecoin miner upholds the tenets of the network and does not act maliciously, Filecoin requires each miner to have enough space to store clients’ data and hold them throughout the lifetime of the deal. Filecoin can ensure these two steps are upheld by using the Proof of Replication (PoRep) which requires miners to prove that they have stored the data in a unique way that no other miner can replicate or copy.
What are the advantages of Filecoin?
One advantage of Filecoin is its ability to decentralize data across several nodes while making it easily accessible and affordable. Another is that users can boycott centralized platforms like Amazon Web Services (AWS), enabling better user experience and overall satisfaction.
How to mine Filecoin
Mining Filecoin requires top-performing hardware rigs and technical know-how in systems deployment and administration. This means that Filecoin cannot be mined by just anyone and will require a sizable amount of capital to get started.
What is Filecoin used for?
Filecoin or FIL token is used to store files in a peer-to-peer (P2P) manner, and it operates with incentives to ensure that mining nodes store user data reliably over time. Users pay with the protocol’s token FIL to store their files on the network, while storage miners are rewarded for storing those files for a long time.