Review on Filecoin [Futures] by francis fernandez
Filecoin: secure storage trading
With the emergence of the digital age and virtual applications and resources that we have available today; There is a growing need for a reliable tool that allows us to store our files and valuable documents safely and without limitations of use.
In this sense, the creators of Filecoin have designed a decentralized platform that makes available to its users a reliable storage service and with the security that blockchain technology guarantees.
Token:
The Filecoin platform has its own token known as FIL; which drives commercial exchange operations that are executed on the network. This digital asset allows the creation of a market without third-party regulation and open source for the commercialization of excess storage under a secure technology mechanism that offers the immutability of the blockchain.
Technology:
The Filecoin network acts as an impulse mechanism that generates direct communication between servers (peer to peer) for the transfer of files through the IPFS system.
Filecoin has a valuable team of experts who make use of open source mechanisms to optimize internet performance.
Utilities:
Filecoin allows its users to lease storage capacity using available equipment in exchange for the use of the FIL cryptocurrency.
In this way, users exchange Filecoins for data and others generate Filecoins in exchange for leasing capacity to store data.
Miners also get rewarded for contributing their storage capacity to the network.
Pros
- Allows you to sell storage capacity
- It allows to generate income through contribution of unused storage
- It is an open source platform
Cons
- There are no disadvantages
