Filecoin Technical Analysis
What is Filecoin
Filecoin (⨎) is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method.
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned launch date for mid-2019. The launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is an open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
How to buy Sell Filecoin in India
To buy and sell Filecoin, you need to have a Filecoin wallet and an exchange account.
Easiest wat to trade in Filecoin is using Indian Crypto Exchange WAZIRX
Click here to Open WazirX account and start buying and selling Crypto in India.