Equity Overview
Price & Market Data
Price: $0.911
Daily Change: +$0.00254 / 0.28%
Daily Range: $0.877 - $0.915
Market Cap: $690,726,124
Daily Volume: 24,634,488
Details
Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.Slack | BitcoinTalk | GitHub | RedditWhitepaper