Filecoin is a peer-to-peer, decentralized storage network that allows anyone from anywhere in the world to store and retrieve data. Users normally rent a hard drive space, although they are also given the option to purchase storage in the Filecoin network.More
Filecoin uses storage miners or computers to store files, and once users pay for the service, the miners use blockchain to store such files. Regular verification from the network assures that the files are correctly stored, and when necessary, users pay the miners again so they can get back their files.More
You can buy Filecoin (FIL) in a crypto exchange like Coinmerce. It's simple to do: just indicate what price you want to pay for Bitcoin (or buy it instantly for the market price), whereafter you get Filecoin (FIL) within a few minutes.More
You want to buy Filecoin? You can buy Filecoin using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Filecoin, use the search function to search for Filecoin and click on the name. You can indicate for how many euros you want to buy Filecoin in the right window. Below is shown how much Filecoin you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Filecoin when the price of Filecoin reaches your entered value. You can also execute a repeating order. Do you want to buy Filecoin with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Filecoin.
Launched in 2017, Filecoin was inspired by the goal of creating a system that is capable of storing “humanity’s most important information”. This blockchain-backed open protocol storage system immediately created an impact, so much so that in a matter of minutes after its launching, it collected $200 million. One of the reasons for Filecoin’s popularity is its ability of allowing users to guard their files or data. Filecoin’s miners, on the other hand, are responsible for creating and carrying out various deals, as well as for putting additional blocks to chains. There are two types of Filecoin deals. Storage Deals – these pertain to client and miner’s agreements that involve the storing of data or files in the network. Retrieval Deals – these deals pertain to clients coordinating with Filecoin’s retrieval miners so they can extract or get back their stored data from the network. These deals are paid using specific payment channels and are completed off-chain.