The role of Filecoin (Fil) in the capitalization of the market and growth
Cryptocurrency, digital or virtual currency using cryptography for safety and cryptographic techniques to control its creation, transactions and extraction has noted a significant increase over the years. One of such cryptocurrencies that gains adhesion is Filecoin (Fil), a decentralized mass storage network in the cloud, which allows users to store, manage and download files in blockchain. In this article, we will examine how Filecoin contributes to the capitalization of market and growth.
What is Filecoin?
Filecoin is a Peer-to-Peer file memory platform that uses the technology of a distributed book called Hyperledger Fabric to record transactions and facilitate the secure file sharing. The platform allows users to send files to blockchain, which are then stored in nodes on the web. Users can access stored data, solving complex mathematical puzzles, known as “mining”, which helps confirm the integrity of blockchain.
market capitalization
Filecoin market capitalization (fil) has been constantly growing over the years. According to Coinmarketcap, the leading tracking of cryptocurrency prices, the current market capitalization is about USD 1 billion. This increase can be attributed to various factors, including:
- Increased adoption : Because more companies and natural persons are starting to use Filecoin for their needs in the field of storage in the cloud, demand increased, increasing the value of cryptocurrency.
- improved scalability : The programming team standing behind Filecoin is still working on improving the scalability of the platform, making users easier to send and download files.
- Partnerships and integrations : Filecoin cooperates with various companies, including Microsoft, Amazon Web Services (AWS) and IBM Watson, which helped increase its reception.
Growth drivers
Several factors contribute to the increase in Films:
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- Adjusting compatibility : When the rule and regulatory authorities continue to develop the framework for cases of using blockchain, the decentralized nature of Filecoin makes it an attractive option for companies that want to follow the regulations.
key statistics
Here are some key statistics that illustrate the development of films:
- In 2020, the total supply of Filecoin was set at around $ 25 million, of which the largest part was owned by one person.
- From January 2022, there were over 500,000 registered users on the platform.
- The volume of transaction is constantly growing, reaching over $ 10 million in 2020.
Application
Filecoin (Fil) is an innovative cryptocurrency that gains adhesion when more companies and people begin to use the mass storage network. The growing market capitalization and platform growth show their potential for long -term success. As the demand for decentralized, safe and scalable solutions increases, Filecoin will probably continue to play a significant role in shaping cryptocurrency landscape.
Recommendations
For investors interested in investing in FIL or in other cryptocurrencies that have gained adhesion, consider the following:
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- Set clear investment goals
: Specify investment goals and adjust the wallet accordingly.
