Top cryptocurrencies to exchange with Filecoin
Filecoin Price live, Cryptocurrency Filecoin Price (USD), Market Cap and Supply
Filecoin Price for today is $4.83. Its current circulating supply is fil 1,962,991,346 with a market cap of $2,067,707,161.05.
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What is Filecoin (FIL)
Filecoin is a decentralized blockchain-based peer-to-peer storage system. The project was founded by Protocol Labs which was created by Juan Benet, Standford alumni, and launched its mainnet in 2020. Filecoin aims to create innovative storage and economic model in order to provide users with efficient and hyper-local storage.
Filecoin allows users to store their files on other people’s hard drives through the Interplanetary File System protocol. When a user wants to store their data with Filecoin, all they have to do is pay a miner for storage space, including payment for retrieving or distributing the said data. The price is determined by the miners who compete to store the user’s data by offering the lowest price. The Filecoin network utilizes two mechanisms to ensure that the miners are storing the correct number of data copies for the correct period of time. The two mechanisms are Proof-of-Replication and Prood-of-Spacetime. FIL’s primary scope of application is storage and retrieval fees within the Filecoin network, as FIL is the ecosystem's native token. The miners are also rewarded with FIL in exchange for computing power.
In July 2022, Filecoin announced that Filgram has been launched. Filgram is the network’s newest SP Discovery Tool that was created in collaboration with AltLabs. The said discovery tool simplifies the process of matching storage providers with users seeking to store their data.
Filecoin - USD Exchange
Filecoin is a promising cryptocurrency, and it uses a blockchain that will revolutionize online payments. Owning or trading FIL is in demand, and ChangeNOW promises fast and secure FIL to USD transactions. It will take place with the best possible rates, and there is no need to worry about hidden costs.
Filecoin Exchange Advantages on ChangeNOW
- ChangeNOW cares about your privacy and security. We are a non-custodial service, and we never control, store, or hold your funds in any way.
- The average transaction doesn't take more than two minutes, and we aim to reduce the times further in the future.
- ChangeNOW is a versatile service that adapts to the crypto market. We add new and upcoming cryptocurrencies regularly and follow new trends.
- There is no need to register or provide any personal info for exchanging crypto. ChangeNOW simply needs your wallet data for sending the funds, and that's it!
- Our service works no matter how large is the amount involved.