This is a cloud and decentralized data storage system. What this means is, our cellphone memory is limited, we can't keep saving up to 15,000 photos of our not-so-cute selfies, it's a shame that the cellphone is slow.
So it's like an iPhone with iCloud. Also to send emails so they don't lag because the attachments are too heavy, Dropbox is used.
Well, just like that, Filecoin provides a peer to peer data storage system, what this means is that every computer has memory, not all of it is used, we can rent out the storage in the market place, in return we get Fil coins. And the data is ours, unlike Dropbox or iCloud which are stored on their servers, File Coin stores it in a decentralized blockchain-based manner called IPFS, interplanetary file system.
In the file storage sector, Filecoin is the market leader with the largest market cap of 4 billion+ dollars, already in Coinbase, with good fundamentals, has more potential to accommodate Arweave left overs that don't fluctuate.
you can buy $FIL under 9$ .
TP : 11$
