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FILUSD
Filecoin / United States dollar
crypto Composite

Real-time
5/31/2023 12:04:10 AM UTC
4.8360USD+4.179%(+0.1940)411,667FIL1,884,351USD
4.8227Bid   4.8360Ask   0.0133Spread
OverviewHistoricalTrendsNewsMore
Composite
4.8360
Coinbase
4.8360
Kraken
4.8310
Bitfinex
4.8291
Binance.US
4.8260
Gemini
4.8421
Bittrex
4.2930
open chart   
open chart   
Market Cap
2.066B USD
Category
Infrastructure
Sector
File Storage
Genesis Block
2020-10-15
Related
FILUSDTFILEURFILGBPFILBTCFILETH
Jan 5, 2022
09:04AM EST  Liquid Media Launches Blockchain Framework During 2022 Sundance Film Festival   Benzinga
09:00AM EST  Liquid Media Group Ltd. (the Company, Liquid Media or Liquid) (Nasdaq: YVR) is pleased to announce the launch of its first blockchain film streaming with a slate of digital panel presentations during the upcoming hybrid 2022 Sundance Film Festival (Sundance). Sundance is the largest and most prestigious annual independent film festival in the United States.   GlobeNewswire Inc
Nov 30, 2021
05:07PM EST  Solana Trust by Grayscale Investments Launches With $9.5M Under Management   Benzinga
08:30AM EST  Grayscale Investments, the worlds largest digital currency asset manager, today announced the launch of Grayscale Solana Trust -- the sixteenth product in Grayscales suite of investment offerings.   GlobeNewswire Inc
Oct 20, 2021
07:45AM EDT  CurrencyWorks Inc. (CurrencyWorks'' or the Company), (CSE: CWRK and OTCQB: CWRK), a full service blockchain platform provider, is pleased to announce that VUELE (www.vuele.io), CurrencyWorks NFT platform for feature films, will host the welcome party at the Austin Film Festival (AFF). The festival runs from October 21-28, 2021.   GlobeNewswire Inc
More News
Profile
Filecoin is a decentralized data storage network built by Protocol Labs that allows users to sell their excess storage on an open platform. It acts as the incentive and security layer for IPFS (InterPlanetary File System), a peer-to-peer network for storing and sharing data files. Filecoin turns IPFS' storage system into an "algorithmic market," where users pay storage providers in Filcoin's native token, FIL, to store and distribute data on the network. Protocol Labs introduced many new technologies in its Filecoin whitepaper that could add value to multiple blockchain projects. Filecoin is secured by proof-of-work in the same way that bitcoin is, but this work is specifically related to storage of data Instead of finding a random nonce to make the block hash fit in a target range, the networks proof-of-work is restricted to proving that a miner has stored data for a specific duration and replication. This is achieved with two new types of proof-of-work: proof-of-replication (PoRep) and proof-of-spacetime (PoSt). Proof-of-replication allows a server to convince a user that some data has been replicated to its own uniquely dedicated physical storage while proof-of-spacetime allows an efficient prover to convince a verifier that they are storing some data for a specified duration of time. These proofs allow Filecoin to solve issues with large-scale storage networks made of independent parties, by making it theoretically impossible to falsify data storage records to increase miner rewards. Competitors like Siacoin ($SC) and Storj ($STORJ) lack this functionality, though they have not yet created enough storage demand for this to be a significant issue. Miner proofs are used to create a network based on three primary methods, put, get, and manage. The put and get methods are responsible for putting data in storage and accessing it on client request respectively. The manage method is responsible for managing the marketplace by matching buy and sell orders as well as managing buyer and seller reputation on the platform. These methods are executed across two marketplaces, storage and retrieval, which are managed by the different miners. Protocol Labs believes that miners will often participate in both markets. Storage miners are responsible for receiving put requests and storing client data while also pledging collateral proportional to the data. They will be penalized by losing this collateral in the event of invalid or missing proofs. Storage providers run the manage method in conjunction with clients and auditors. Retrieval miners are responsible for managing get requests and giving clients their data. While retrieval miners do not need to pledge collateral, they are still compensated in the native Filecoin for performing work for the network.

Filecoin (FIL-USD) Live Summary

Filecoin price today is $4.8360, and the 24-hour volume is 411,667. Filecoin is up 4.179% in the last 24 hours. Filecoin market cap is $2,065,912,384 with a circulating supply of 427,194,455.


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