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Filecoin FIL |
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£2.09 |
6.2 % (24h) |
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Marketcap |
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£1,375,715,352 |
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Volume 24h |
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£69,094,986 |
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.