Filecoin
Filecoin is a decentralized storage network that enables users to rent out unused disk space in exchange for FIL tokens. It provides an alternative to centralized cloud storage, with verifiable and censorship-resistant architecture. FIL is used to pay for storage and retrieval services on the network. It’s ideal for investors interested in Web3 infrastructure.
| Filecoin | |
|---|---|
| Market Cap Rank | 35 |
| Sector / Use Case | Decentralized Storage |
| Consensus Mechanism | Proof-of-Replication |
| Year Launched | 2020 |
| Current Price Range | $2-$20 |
| All-Time High | $237 (Apr 2021) |
| Staking Rewards (%) | N/A |
| Developer Activity Level | High |
| Institutional Adoption | Moderate |
| Notable Features | Decentralized cloud storage |
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