Filecoin (FIL) $ 0.80758373 0.35%

About Filecoin

Filecoin (FIL) is a decentralized storage network that creates an open and competitive marketplace for data storage. Instead of relying on centralized cloud servers, Filecoin uses a distributed network of storage providers, which earn FIL tokens for supplying storage capacity and ensuring that data remains reliably stored. Users, in turn, pay in FIL to upload and store their data. The project is designed to become a key component of the decentralized internet, or Web3, by providing a secure, cost-effective, and scalable data-storage solution that gives users greater control over their digital assets.