Filecoin FIL| Crypto Markets | Crypto Currency coingabbar.com
The project was initially introduced as an incentive layer for the peer-to-peer storage network named IPFS back in 2014. Filecoin is an open system supported by a blockchain that records network members' commitments, with transactions conducted in FIL, the blockchain's native currency. Proof-of-replication and proof-of-spacetime both serve as the foundation for the blockchain.
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