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Filecoin FIL |
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£1.91 |
-1.47% (24h) |
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Marketcap |
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£1,246,374,619 |
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Volume 24h |
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£61,185,965 |
Description
Filecoin (FIL) is a decentralized storage network that allows users to rent out their unused storage space in exchange for FIL tokens. Launched in 2020, Filecoin aims to create a more efficient and secure alternative to traditional cloud storage services by leveraging a distributed network of computers. Users can store, retrieve, and share data in a decentralized manner, ensuring that no single entity has control over their information. FIL is used to pay for storage services and is earned by storage providers.