API ID:
filecoin
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
FIL
Coin
2 Billion
Decentralized storage
October 15, 2020
Filecoin
Filecoin (FIL) is a decentralized storage network where people can rent out or access unused digital storage space. By using blockchain technology, Filecoin ensures data is stored securely and redundantly across many nodes, instead of a single company’s server. Users pay with FIL for storage, creating an alternative to traditional providers like Dropbox or Google Drive.
A Deeper Dive
Technology & Use Case
Filecoin runs on its own blockchain and uses Proof-of-Replication and Proof-of-Spacetime to verify that storage providers are truly storing data over time. Users pay FIL to upload and retrieve files, while miners earn FIL by renting out disk space. This creates a decentralized marketplace for storage capacity.
Origins & Team
Filecoin was developed by Protocol Labs, founded by Juan Benet (also the creator of IPFS — InterPlanetary File System). The project raised over $200 million in a 2017 ICO, one of the largest at the time, and officially launched its mainnet in 2020.
Ecosystem & Partnerships
Filecoin is widely used in Web3, NFTs, and archival storage, and integrates with IPFS for permanent data hosting. Ecosystem projects include Filecoin Virtual Machine (FVM) for smart contracts and collaborations with organizations like Internet Archive and decentralized app developers. Grants and hackathons encourage growth across the network.
A Deeper Dive
Popular Exchanges
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