FIL
Filecoin
$0.0000AUD
Market Cap
6.0B AUD
24hr Trade Vol.
958.7M AUD
Total Supply
599.0M
All
1W
1M
1Y
Basic chart
Advanced chart
Price Change
24H:
+0.00%
7D:
+0.00%

Swap Filecoin

FIL Balance: -
I want to swap...
Swap All
FIL
Into...
Information
Transactions
Sign up & Receive $10 in BTC
FREE

Swap Filecoin FIL

FIL is the native token of the Filecoin network. Filecoin is a decentralised data storage and retrieval blockchain built on the Interplanetary File Sharing (IPFS) network. IPFS is a decentralised storage network, and the underlying network that Filecoin is built on. Filecoin is responsible for all transactions regarding storing data on the IPFS network. This means that Filecoin allows for users of the network to store their files in a decentralised manner. Filecoin itself does not store any files, it acts as the ledger for Filecoin transactions and the storage agreements between the network’s users and miners. The consensus mechanism Filecoin uses is called Proof-of-Replication, which is how the network ensures that miners behave honestly. Another consensus mechanism, Proof of Space and Time is also used to ensure that miners continue to store data. Filecoin’s native token, FIL, is used for staking to ensure miners act honestly and to pay miners to store their files on the Filecoin blockchain.

Related Assets

AR

Arweave
-

BTT

BitTorrent
-

SC

Siacoin
-

Frequently Asked Questions (FAQs)