Filecoin (FIL) Price

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About FileCoin (FIL)

Based on the Interplanetary File Storage (IPFS) technology, Filecoin is a decentralized storage network. It is intended to turn underutilized storage across the globe into a productive storage market where consumers may pay for inexpensive storage. Making sure file storage is disseminated over the internet and permanent is the goal. In contrast, centralized cloud storage solutions like Dropbox, Google Cloud, and Amazon Web Services store data on servers that are owned by private companies.

The decentralized storage network's currency is Filecoin (FIL or ⨎). Users will need to pay in Filecoin for storage in order to access it. Nodes that supply the network with storage will be compensated for their services with Filecoin.