Info of Filecoin
Filecoin, a decentralized storage network that aims to preserve humanity's most important information. Filecoin uses blockchain technology, a system of distributed ledgers that records transactions and ensures their validity, to create a peer-to-peer market for data storage and retrieval. Users can pay for storage services with Filecoin's native cryptocurrency, FIL, and miners can earn rewards for providing storage space and bandwidth to the network. FIL has a total supply of 1.96 billion tokens, of which about 497 million are currently in circulation.
Filecoin was created by Protocol Labs, a research and development company that also developed the InterPlanetary File System (IPFS), a protocol for storing and sharing files on a distributed web. Filecoin was launched in 2017 after raising $205 million in one of the largest initial coin offerings (ICOs) in history, a form of crowdfunding in which investors buy tokens that can be used on a platform or exchanged for other cryptocurrencies. Filecoin also attracted investment from prominent venture capitalists in Silicon Valley, such as Y Combinator, Naval Ravikant, Andreessen Horowitz, and Winklevoss Capital.
Investing in Filecoin can offer several benefits to investors who want to participate in the growing market of decentralized storage, which has applications in various sectors, such as cloud computing, artificial intelligence, and web 3.0. Filecoin can also provide diversification, hedging, and speculation opportunities for investors who are interested in the cryptocurrency space.