FIL Coin

How to buy and sell FIL Token in bitcoiva?

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To buy and sell and trade FIL Token in Bitcoiva, best crypto exchange in India

To trade INR: FIL/INR


An overview on FIL Token:

Filecoin’s main motive is to “store humanity’s most critical information.”. FIL coin is decentralized. The project collected $205 million in an initial coin offering (ICO) in 2017, with an initial launch date of mid-2019 scheduled. The debut of the Filecoin mainnet, on the other hand, has been delayed until block 148,888, which is scheduled in mid-October 2020.

This project was assumed as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network on the crypto exchange India. The blockchain is built on both proof-of-replication and proof-of-spacetime principles.

Juan Benet, who also designed the Interplanetary File System, launched Filecoin. Benet is a computer scientist from the United States who attended Stanford University. Following establishing Protocol Labs in May 2014, he joined Y Combinator in the summer of 2014 to support IPFS, Filecoin, and other startups.

Filecoin’s goal is to store data in a decentralized fashion. Despite cloud storage technologies like Amazon Web Services or Cloudflare, prone to centralization difficulties, Filecoin exploits its decentralized nature to ensure the integrity of a data’s location, allowing it to be simply recoverable and impossible to ban.

Decentralized storage systems, such as Filecoin, enable users to be their own custodians of their data while also making the internet more accessible to people all over the globe. Because involvement in the Filecoin network via mining and storage is directly related to getting additional block rewards, Filecoin encourages players to be honest and retain as much data as possible.

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