Filecoin
FIL
Filecoin
№ 34
FIL Price Now
$7.18 USD
-0.11%
Deposit Trade
Date of Issue: 15.10.2020
Filecoin (FIL) is a decentralized storage system that aims to store humanity’s most important information.... More
Lower Price 6.64
24H
7.48 Upper Price
24H Value
124.28 K
Market Cap(USD)
4.35 B
Circulating
606.53 M
Total Supply
1.96 B
  • CAKE
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    3.177
    +3.38%
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    PAAL PaalAI
    0.2878
    -14.71%
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    PALM PaLmAI
    1.2609
    -14.8%
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    ZGEN ZegentAI
    0.0022148
    -35.35%
  • LINK
    LINK Chainlink
    24.43392
    +27.5%
  • ZEC
    ZEC Zcash
    73.74949
    +23.72%
  • XMW
    XMW Morphware
    0.10301
    +19.54%
  • CHR
    CHR Chromia
    0.33066
    +17.31%
  • XRP
    XRP Ripple
    2.7182
    +17.19%
  • LESLIE
    LESLIE Leslie
    0.000060642
    -1.3%
  • TORN
    TORN TornadoCash
    17.308
    +6.86%
  • NFP
    NFP NFPrompt
    0.3573
    +0.11%
  • LFDOG
    LFDOG Lifedog
    0.034502
    -6.26%
  • LISTA
    LISTA ListaDAO
    0.5328
    -1.7%

Filecoin (FIL) Live Price Data

The live Filecoin (FIL) price is $7.18, with a 24 hours Blynex trading volume of 124.28 K. The price of FIL changed by -0.11% in the past 24 hours. With a circulating supply of 1.96B FIL and a maximum supply of 606.53M FIL coins. FIL currently ranks #34 in market cap. You have the option to purchase Filecoin (FIL) on the Blynex exchange.

Markets
Market Price 24h % 24h High 24h Low 24h Volume
FIL/USDT FIL/USDT $7.1752 -0.11% 7.4843 6.643 125.36 K Trade

About Filecoin (FIL)

Filecoin (FIL) is a decentralized storage system that aims to store humanity’s most important information. Buying FIL on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Filecoin (FIL).

 

What is Filecoin (FIL)?

Filecoin is a decentralized storage network designed to revolutionize how data is stored and accessed by providing a secure, censorship-resistant alternative to centralized cloud services. Initially conceptualized in 2014 as an incentive layer for the Interplanetary File System (IPFS), Filecoin operates as a peer-to-peer network where users pay for data storage and distribution services using its native cryptocurrency, $FIL. Filecoin's blockchain, built on proof-of-replication and proof-of-spacetime consensus mechanisms, ensures data integrity and verifiability.

 

Open Protocol and Community Governance

As an open-source protocol, Filecoin empowers its community to govern the network while developers can build decentralized alternatives to cloud storage solutions like Dropbox and iCloud. Participants in the Filecoin ecosystem can either pay for storage or earn FIL tokens by providing unused disk space. This structure creates a decentralized marketplace for data storage, addressing inefficiencies in traditional storage and retrieval systems. The use of FIL tokens ensures a seamless and trustless transaction process within the network.

 

Advantages of Decentralized Storage

Filecoin differentiates itself from centralized storage giants like AWS or Cloudflare by eliminating the vulnerabilities of centralized systems. Its decentralized framework ensures data integrity, censorship resistance, and global accessibility, allowing users to become custodians of their own information. Miners, incentivized by block rewards tied to data storage, are encouraged to operate with transparency and efficiency, ensuring that the network remains robust and trustworthy.

 

Juan Benet: The Visionary Behind Filecoin

Filecoin was founded by Juan Benet, an American computer scientist and the creator of IPFS. Through his company Protocol Labs, Benet has been at the forefront of building decentralized technologies since 2014. With the support of Y Combinator, Filecoin raised $205 million in its 2017 Initial Coin Offering (ICO), laying the foundation for the project’s ambitious mission to decentralize data storage and retrieval.

 

A Decentralized Future for Data

Filecoin's decentralized storage model is a step toward a more inclusive and secure internet. By enabling anyone to participate in storing or retrieving data, Filecoin democratizes data ownership while making the web more resilient to outages and censorship. Its unique incentive mechanisms and reliance on blockchain technology position it as a pivotal player in the ongoing transition to a decentralized digital economy, fulfilling its mission to "store humanity's most important information."

FIL to local currency

  • FIL to USD
    7.245  
  • FIL to EUR
    6.909  
  • FIL to AUD
    11.206  
  • FIL to KRW
    10,174.252  
  • FIL to JPY
    1,086.383  
  • FIL to GBP
    5.730  
  • FIL to INR
    614.329  
  • FIL to CAD
    10.183  
  • FIL to AED
    26.606  
  • FIL to RUB
    771.594  

FIL to crypto currency

  • FIL to BTC
    0.0000758590  
  • FIL to ETH
    0.0019976178  
  • FIL to USDT
    7.243  
  • FIL to BNB
    0.011  
  • FIL to SOL
    0.032  
  • FIL to XRP
    2.650  
  • FIL to ADA
    5.670  
  • FIL to TRX
    32.499  
  • FIL to LTC
    0.055  
  • FIL to TON
    1.103