fil currency price real-time price

¥54.07≈$7.51

FIL coin, the full name is Filecoin, is an encrypted digital currency and also an IPFS (InterPlanetary File System, InterPlanetary File System) file system) network’s only incentive layer. IPFS is a globally oriented, peer-to-peer distributed version file system.

fil coin price real-time price

¥54.07≈$7.51

The main function of FIL coin is to reward users who provide storage computing power in the IPFS network , in order to mobilize the enthusiasm of users to participate in the construction of the IPFS network. In Filecoin’s storage market, nodes known as storage miners have the power to compete for contracts on various characteristics, such as price and location, to provide customers with file custody for a specified length of time. Before accepting a contract, storage miners must front collateral FIL, which is used to automatically compensate customers if a storage miner fails to fulfill its obligations to the customer.

The total amount of FIL coins at the time of issuance is 2 billion, which can be bought and sold on the platform. Since the IPFS network is decentralized, FIL coins also play an important role in decentralized governance, acting as voting rights. When the network needs to be upgraded or the community needs to pass certain decisions, FIL coin holders can participate in voting.

Please note that although FIL Coin is a digital currency, buying and selling this cryptocurrency may not be allowed in some regions (such as China). Therefore, before participating in FIL currency transactions or investments, it is recommended to understand the relevant laws and regulations of your location.

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