Three years ago, the FileCoin project raised $257 million in the form of an ICO, and development on the project has been slow, as evidenced by the repeated postponement of the official launch date of the mainnet on more than one occasion.

Filecoin provides decentralized storage:

project FileCoin It focuses specifically on providing decentralized storage, and the project can be likened to Google cloud storage services or “Dropbox”, but in FileCoin, individuals provide storage services instead of the company, meaning that individuals are the ones who provide their untapped storage space on their computers to other individuals in exchange for financial returns in return that.

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In other words, the Filecoin network aims to create a decentralized alternative to mainstream cloud storage services, where miners (file hosts) get paid to store users’ files.

Anyone can become a contributor to the project by verifying the integrity of the data.

The Filecoin project makes the data truly unstoppable.

No one can ask to remove your files.

This concept goes hand in hand with the spirit of decentralized applications (dApps), which may need to store some data in a decentralized manner to protect it from censorship.

Warm welcome to the project and digital currency FIL:

Several prominent members of the crypto community took to social media to welcome the project.

Likewise, investors and traders welcomed in their own way the digital currency FIL, which is the official currency of the Filecoin project, as it rose by 550% on the Binance platform after its listing yesterday. .

It is worth noting that the specific supply of the coin is estimated at 2 billion FIL, but only 14.9 million FIL is in circulation at the moment.

In addition to Binance, Gemini and Kraken have announced the launch of cryptocurrency trading prior to the launch of the mainnet, which is very common for such exchanges. In addition to these exchanges, Coinbase has joined the group and has also included FIL token for trading.

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At the time of writing this article, more than 500 miners support the Filecoin network, providing a combined storage of 570 pebibytes of storage capacity.

For your information, the size of one pebibytes is more than 1000 terabytes.

This storage space is mainly provided by the Chinese community, which was honored by the developers in the main network block number 148888 and chose the number that means “prosperity for life” in the Chinese language.

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Some developers supported the Filecoin project by building dApps on the network such as Slate and Textile.

The Filecoin team will continue to grow the project ecosystem through events such as the “Space Race,” where miners need to increase network storage capacity for a prize money of 1.5 million FIL.

Despite the long wait, Filecoin and its large community are finally paying off.

Many experts point out that decentralized storage is an essential building block of Web 3.0 and like Filecoin projects, a quantum leap can be made in the use of blockchain technologies.

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After raising more than $200 million in 2017, the FileCoin project decides to postpone the launch of its main network