Filecoin starts work. What do you need to know about the project?
October never ceases to amaze with interesting and truly iconic projects. More recently, we wrote about instant transfers, the release of tokens from well-known companies, and today we will tell you about the start of a new ambitious platform. Filecoin has finally launched its own storage system. The project has already attracted the attention of the world community and promises to become a new round in the development of the cryptoindustry. So let’s explore the details of the project and identify its potential prospects. So let’s get started.
About the project
Despite the popularity of Filecoin in the circles of power users, we are simply obliged to further describe the essence of the company and the platform. After all, not every our reader knows that Filecoin is an advanced platform for work and for storing files. Note that the project has been on the market for a long time. The start of the company took place in 2014. Then, in the still very early cryptoindustry, the developers laid the main idea. Decentralized file storage.
Information, in their opinion, should not be controlled. And neither on the part of the government, nor the management of the company. The principle is, in fact, very similar to Blockchain. You remotely allocate a portion of your own hard drive to be used by other users. Clients of the system work together, receiving a reward in the form of internal cryptocurrency. Yes, Filecoin has its own token. The main network of which started its work from today.
The prospects are, in fact, colossal. Today, every user of the cryptoindustry is trying to secure their own data. Everyone wants to protect information from prying eyes. And Filecoin will help with this. The company has implemented all the functionality required for convenient and reliable file placement. For example, there is protection against multiple copying of files. That is, DDoS-style attacks that repeatedly load the server are almost impossible.
There is also a flexible system for distributing rewards for providing memory for your own computer. It is immediately clear that the development is supported by ideological professionals who understand what a simple user needs. However, let’s face it and find out: is Filecoin worth working with? Is the popularity of the project deserved? What does the statistics say? More on this in the next section.
Filecoin positions in the modern market
First of all, let us remind you that today the project has finally started. The platform is now fully operational. Note that after the news about the official start of the project, the cost of the internal token has significantly decreased. Experts associate this event with the beginning of a cryptocurrency shortage. The fact is that too many users started to open a deal to purchase a coin. As a result, the transfer of tokens from one hand to another began. The pressure of traders from the east was strongly influenced.
Chinese users have shown even more attention to Filecoin than the developer expected. As a result, the token dropped to $ 67-67.5. A drop is also expected in the future until the hype around the coin dies down. Then, of course, steady growth will begin. Since there will be few tokens, and users will be ready to offer a large amount for the purchase of cryptocurrency.
Financially, Filecoin has great promise. The development is backed by experienced developers with a reliable name, so there is no doubt about the reliability of the project. We recommend that you evaluate the project yourself, and then, based on the conclusions made, start working with the project. Or refuse to interact with Filecoin. It all depends on you.
The main thing is to stay in the trend of events in the cryptoindustry. Follow all the latest news from the world of Blockchain and technologies with us. We publish only high-quality and interesting material. See you soon, good luck!