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- What is FIL?
- How does FIL ensure the privacy of its users?
- How does FIL function and how to make money on it?
- Advantages and disadvantages of the FIL cryptocurrency
- FIL and Bitcoin - basic differences
- How much does FIL cost? On which exchanges is it listed?
- Cryptocurrency wallets for FIL - which one to choose?
- Examples of cryptocurrency wallets for FIL
What is FIL?
FIL is a protocol that makes available and lends a certain amount of space on its hard drives the space necessary to store data in the form of different files. The system is decentralized, which is one of its advantages.
The aim of the project is certainly to gain popularity on the hosting market, where in the future the project is supposed to be equal to such giants as Google or Amazon. In addition, the development of the project is based on the goal of a global device that will work on every unused computing power around the globe. The project uses the free realm of hard drives on the world stage. In simple terms, the project is based on two sides of the transaction, where one of them are entities that want to use the data transfer service, and on the other hand, we deal with miners who provide this place to us to store this data .
Interesting fact : Filecoin virtual currency transactions are possible only from 2020, and exactly from October 15 (ie purchase or sale transactions). Filecoin is also known as a decentralized storage network. Ultimately, the project is to be based on the help of Bitcoin and Ethereum, which are today world leaders in the world of crypto, and it will also ensure the creation of a cooperation scheme where it will be possible to strive for the perfect use of virtual currency networks.
How does FIL ensure the privacy of its users?
FIL is specific in terms of storing this data because it uses a cloud that allows access through this form. Moreover, these files are encrypted on a decentralized network that can be accessed by any user without any geographic barriers. At the same time, full control over privacy is ensured due to the encryption of each file.
Despite the doubts of some users regarding the storage of their data on another server, it should certainly be mentioned that Filecoin functions in the fragmentation of smaller particles that are registered by authorized persons (miners). They ensure that all security is complete, and the leakage of any data or bending of privacy was impossible to implement. As in the case of the PoS (Proof-of-Stake) consensus, miners are fined in the event of any fraudulent activity, losing the available hard disk space.
How does FIL function and how to make money on it?
When analyzing the functionality of the FIL cryptocurrency, it is worth basing the system into 3 entities: the client, miners saving the data and miners recovering individual data. Clients are responsible for sending data about a specific file and storage periods, together with a fee. Then, miners, who are responsible for storing this data, provide information about the availability of hard disk space, where they then lend it to customers. To actually become a miner and want to earn money by sharing your hard drive space, you have to reserve your space. Then, the miner leaves the files sent by the client on the appropriate blockchain network, where they cannot be tampered with, encrypted.
What are the benefits of reassuring customers that their data is stored correctly? Namely, these. PoR (Proof-of-Replication) which constitute certain elements of informing about proper data transmission. The network supplies the FIL token, which pays off the activity of storing and recovering files.
Advantages and disadvantages of the FIL cryptocurrency
One of the shortcomings of FIL is its pace of work. Due to the fact that entities using this type of decentralized protocol need to address only one server with the question. This means that the work progresses at a much slower pace than, for example, in a network with a large number of servers, where the question is directed to several dozen nodes at the same time.
Filecoin can also raise doubts and distrust in some users due to the data being stored on the hard drive by miners.
The advantages include the fact that Filecoin can be used for any entity that wants to share some part of the hard drive with other users. Thanks to this, it allows all interested parties to earn money.
FIL and Bitcoin - basic differences
FIL and Bitcoin - basic differences (data as of 08/11/2020)
Year of creation
How much does FIL cost? On which exchanges is it listed?
It should be noted that the project is very recent, because it started only on October 15, 2020. However, since then such large exchanges as Kraken have taken over Filecoin, which seems to be a promising investment.
Examples of cryptocurrency exchanges for AAVE
Trading on them takes place only through cryptocurrencies
They are traded both through cryptocurrencies and fiat currencies
Cryptocurrency wallets for FIL - which one to choose?
An interesting option presented on the market is the MathWallet, which complements both the mobile, stationary or hardware type and performs these functions jointly. It can therefore be determined that it is a universal cryptocurrency wallet that allows you to store, among others, Filecoin.
Wallets are essential for asset management and the regulation of our balances and transactions where there is an interaction between users in the form of file sharing.
Examples of cryptocurrency wallets for FIL
Examples of cryptocurrency wallets for FIL
Cold cryptocurrency wallets
Hardware wallets for FIL
They come in physical form. They are not free, and therefore may not be suitable for a novice user due to the relatively high price. It is worth getting only the originals, it is worth buying them from the manufacturer himself - to make sure that there is no malware on them.
Hot cryptocurrency wallets
Desktop wallets for FIL
Exodus is available on several software: Windows, MacOS and Linux. However, it is worth mentioning that it will not always be possible to use a given wallet on all browsers. Hardware wallets are free.
Browser wallets for FIL
Browser wallets are free websites where you can register and then log in with your login and password. Lotus Wallet allows you to receive and send Filecoin files.
Mobile wallets for FIL
Mobile wallets are phone applications that allow you to view our cryptocurrency stock wherever there is the internet. They are usually free. Mostly, these wallets are available for both Android and iOS.
Umieść na swojej stronie kalkulator Filecoin, a także wykres FILPLN wykorzystując poniższe widgety.
Aby uruchomić kalkulator lub wykres na swojej stronie należy:
- Skopiuj kod wybranego widgetu oraz wklej go w odpowiednie miejsce na swojej stronie
- Możesz także skonfigurować widgety według potrzeb modyfikując parametry:
- data-crypto="" - wprowadź listę kryptowalut, które będą dostępne w kalkulatorze kryptowalut. Wprowadź shortname kryptowaluty. Możesz dodać wiele krypto, np. BTC,ETH,TEO. Listę dostępnych kryptowalut znajdziesz tutaj. Aby dodać wszystkie kryptowaluty - pozostaw znacznik pusty.
- data-fiat="" - wprowadź listę walut FIAT, które będą dostępne w kalkulatorze kryptowalut, możesz wybrać wiele walut wpisując np. PLN,USD,EUR,GBP. Aby dodać wszystkie waluty FIAT - pozostaw pole puste.
- Parametry są konfigurowalne w przypadku kalkulatora kryptowalut. W przypadku wykresu nie ma możliwości dodania wielu parametrów (krypto bądź fiat).
- Aby używać widgetów, należy zamieścić na swojej stronie link wskazujący źródło. Link jest zawarty w powyższych kodach widgetów. Link nie powinien zawierać parametru rel="nofollow".