If you're looking to swap Filecoin, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Filecoin or some fresh information about fil’s price movements. And, of course, we provide you with the multiple Filecoin exchange options so that you can choose the offer with the best rates and lowest Filecoin fees, as well as other parameters that suit you.
Filecoin Price Stats
Filecoin Price Chart
Here you can see the current price of Filecoin, as well as Filecoin price history.
What is Filecoin?
Filecoin (FIL) is a token powering the network with the same name, which is developed to provide its users with a decentralized data storage and management system. It was created to incentivize Interplanetary File System (IPFS), another well-known project concerning p2p data distribution, by the same founder — Jean Benet. Filecoin went through an ICO in 2017 and its mainnet launched in 2020.
Filecoin’s purpose is to avoid problems with the traditional file storage systems, such as clouds. Those centralized systems can become a single point of failure with catastrophic consequences — for example, data stored on them can be lost or corrupted. Filecoin allows its users to “shop” for storage node, or storage miner, with the best reputation, and choose their own trade-offs of the storage price versus data reliability and redundancy. Storage miners compete with each other for customers, aiming to provide the best deal and earn FIL for their storage. The same is true for retrieval miners (who may be the same nodes or different ones), who race to serve the data to the customer for a FIL fee. Filecoin network is secured using two unique proof systems. The first of them is Proof-of-Replication — as the miner receives a storage contract, he encodes the data and later must be able to show it in his storage. Second is Proof-of-Spacetime, which compels the miner to check a random data section.
A Simple Way To Exchange Filecoin Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.