HOLOCHAIN
HOLOCHAIN
Coin: FILECOIN (FIL)
Filecoin is a decentralized data storage network that allows users to sell their excess storage using blockchain technology.
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Tokenomics
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Security
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Scalability
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Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
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Applications
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Team & Developers
Refers to the experience, knowledge and strength of the projects core team & developer community (ie. Github).
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Usage & Adoption
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Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
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Overall Rating
Refers to the combined rank computed as a simple average.
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Investors:
357 Investments, Boost Venture Capital, RRE Ventures, Notation Capital, Carnaby Capital, Visary Capital, Ausum Ventures, Blockchain Capital, Pantera Capital, Digital Currency Group, Union Square Ventures, Sequoia Capital, Winklevoss Capital.
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Filecoin is a decentralized data storage network that allows users to sell their excess storage on an open platform. Officially launched in October 2020 by Protocol Labs, the Filecoin blockchain records transactions to verify file storage and transfer FIL, the platforms native cryptocurrency. Furthermore, it acts as an incentive layer for the InterPlanetary File System (IPFS), the peer-to-peer file transfer system, which instead of using IP addresses and centralized servers to store data, it uses hash-addressed content structures.
Filecoin also uses Powergate, a storage management platform built via API integration, to deploy a complex decentralized storage system for both Filecoin and IPFS. Similar to Bitcoin, Filecoin is secured by proof-of-work, however this work is specifically related to the storage of data. It is restricted to proving that a miner has stored data for a specific duration and replication. This is achieved with two new types of proof-of-work: proof-of-spacetime (PoSt) and proof-of-replication (PoRep).
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