Filecoin (FIL) is a decentralized data storage network that allows users to rent out unused disk space and receive FIL tokens in return.
Founded in 2017 by Protocol Labs, Filecoin seeks to create a global marketplace for digital information storage and retrieval.
Main features:
Decentralization: Filecoin operates without a central authority, allowing anyone to offer or hire data storage services.
Security and Privacy: Uses advanced cryptography to ensure the integrity and confidentiality of stored data.
Economic incentives: Storage providers are rewarded with FIL tokens for offering space and maintaining data availability.
Utilities:
Data storage: Provides a decentralized alternative to traditional cloud storage services, allowing users to store files securely and at a lower cost.
Resource Monetization: Allows owners of hardware with unused disk space to generate revenue by offering it on the network.
Data recovery: Facilitates the efficient and reliable retrieval of stored information, thanks to its decentralized structure.
Whitepaper:
Filecoin’s whitepaper is available on its official website.
Filecoin (FIL) annual price evolution:
This is a list of the approximate price of FIL at the end of each year since its launch:
2017: $11.00
2018: $3.00
2019: $2.50
2020: $24.00
2021: $35.00
2022: $3.00
2023: $4.50
2024: $5.15 (as of November 23)
* The great forgotten, a project that had a good start, but something happened that has put it on the back burner, temporarily? It is something that you will have to investigate on your own and consider whether it deserves to be part of your investment portfolio or not *
