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Review on Filecoin [Futures] by Petro Nikolay

Revainrating 3 out of 5

Filecoin is a project that is calculated with technical benefits supported by general support.

When I came across the cryptocurrency called Filecoin, I had to take a break to understand the idea of ​​cash. There are now a number of different currencies that work for different purposes and points. Thus, Filecoin is a blockchain-based and open source digital currency that aims to be a truly decentralized information insurance framework. Data collection frameworks are very important, so it is important that they are truly productive as expected.



The company, in addition to being blockchain, owns its own token (FIL) and operates under another contract called POST, which uses data backup parts, for example, the IPFS planetary record framework. , allows the organization to use available space on all computers associated with the filecoin network.



the biological system is working day by day, it can implement its strategy every day, the use of public pools will be another requirement, which is another thing that allows a large amount of data that is regularly provided with security. foundational change centers



For information, Filecoin uses this system, called the Limited Evidence Calculation, to ensure that the information placed on one side is stored elsewhere. Yes, security should not be a source of fear. The cost is very attractive and from my experience I can say that FIL is really useful. You can decide to keep some in a high-end wallet of your choice.

Pros
  • Your data is protected by a storage proof algorithm
  • Any user with free space on their computers and a good internet connection can join the network and win a prize.
Cons
  • Nothing.