Tag: What Is Filecoin

Filecoin is a blockchain-based, decentralized storage network, powered by the Filecoin token (FIL). Following a successful initial coin offering (ICO) fundraising round in 2017, the mainnet was launched in late 2020. Since then, Filecoin has seen immense success and media attention in the crypto community. So, what is Filecoin doing to become so popular? Perhaps it’s because Filecoin allows users to monetize spare storage on their hard drive, and earn a passive income with crypto. Or, maybe it’s because Filecoin has designed protocols with a lot of potential for the future. Let's find out!