Filecoin (FIL) is a decentralised storage network designed to store humanity's most important information. It is an open-source, public cryptocurrency and digital payment system that operates on a blockchain-based cooperative digital storage and data retrieval method.
Filecoin utilises blockchain technology to create a decentralised marketplace for data storage and retrieval. Here are the key components of its operation:
Blockchain Technology:
Consensus Mechanism:
Specific Algorithms:
Smart Contracts:
Filecoin is utilised across multiple industries due to its unique features. Here are some notable use cases:
Decentralised Cloud Storage: Provides a secure alternative to traditional cloud storage.
Web3 and NFT Storage: Stores Web3 native NFT and metaverse/game assets securely.
Healthcare Data Management: Enables secure and compliant storage of sensitive healthcare data.
Media and Entertainment: Stores and manages HD video files for film production businesses.
Backup and Disaster Recovery: Offers secure, off-site backup solutions.
Filecoin Virtual Machine (FVM): Supports data onboarding, curation, monetisation, and DeFi services.
Filecoin has undergone several key developmental stages since its inception:
By addressing centralised storage risks and inefficiencies, Filecoin aims to offer a secure and cost-effective solution for data storage and retrieval.
The Filecoin price is $12.69 AUD, representing a +1.42% from the day prior.
The best place to buy Filecoin (FIL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Filecoin (FIL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
The trading volume of Filecoin (FIL) is $1.5B AUD in the last 24hrs, representing a +1.42% from the day prior.
Filecoin (FIL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Filecoin (FIL) is $7.7B AUD.
Yes - With Coinstash you can convert your Filecoin (FIL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Filecoin (FIL) is 608.8M.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Filecoin (FIL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.