What is Filecoin (fil)?

These advancements will create a completely decentralized storage market, ensure that your files are secure, and allow miners to earn Filecoin (FIL) — the token of the Filecoin Network — for storing your files. Filecoin is a decentralized storage network designed to store humanity’s most valuable information.

What are the types of deals in Filecoin?

There are two main types of deals in Filecoin: storage deals and retrieval deals. Storage deals are agreements between clients and storage miners to store some data in the network.

Where is Filecoin data stored?

Our data is stored in centralized servers that have limited space, and privacy issues. — Filecoin functions as a decentralized storage marketplace on the blockchain, which rewards network participants who help in storing files and retrieving them.

What is the current price of Filecoin?

Filecoin is currently worth $8.70 USD. FIL has moved 5.56% in the last 24 hours with a trading volume of $419,252,164. Filecoin is currently ranked 32 amongst all cryptocurrencies with a market capitalization of $2,271,322,103 USD.