If there's one thing blockchain has given us, it's the ability to decentralize our well established centralized world. From banking and the internet to advertising and streaming, if it already exists in a centralized version, then blockchain will probably come to decentralize it sooner or later. Cloud storage is no exception, as several blockchain projects have been established in the cryptosphere. Projects like Filecoin hope to bring better, cheaper, and less restrictive storage options compared to the platforms available today.
Filecoin is a storage network that allows users to access their marketplace of providers to securely store and retrieve their data. Anyone can become a storage provider for Filecoin by providing storage hardware to the network. Likewise, anyone can purchase storage on their network. Once users upload their documents, it is distributed amongst their providers to ensure documents are secure and easily retrievable.
FIL coin has a total and circulating supply of 220,434,766 with a market cap of $1,200,014,789.04 USD. It reached it's all time high on 4/1/2021 with a price of $237.24 USD. It reached it's all time low on 8/29/2019 with a price of $1.83 USD. FIL is currently trading at a price of $5.43 USD as of 6/16/2022. Before you make any financial investments, ensure you do your own research and consult a financial expert. You can learn more about Filecoin by checking out their white paper. Or you can find out what their community thinks on their
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