Filecoin Review: Filecoin (FIL) Price Prediction! CZ Binance is about to send FILECOIN (FIL) To The Moon ! Filecoin is a decentralized storage blockchain built on IPFS. Its role is to function as the incentive layer to support and grow the IPFS by rewarding those who help in the storage and retrieval of files with Filecoin’s native FIL token. How does Filecoin function? The Filecoin blockchain is built on top of IPFS. The blockchain itself doesn’t store any files. It acts as the ledger for FIL transactions and Filecoin wallet address balances. The Filecoin blockchain also stores the agreements made between the miners which store client data and the clients which requested said data to be stored. The Filecoin blockchain uses two consensus mechanisms. The first consensus mechanism is called ‘Proof-of-Replication’, which involves proving that a given piece of data is being stored by a miner. The second consensus mechanism is called ‘Proof-of-Spacetime’, which involves proving that a miner is still storing a piece of data. A miner must write this proof to the Filecoin blockchain every time a client or other network participant asks to see if they are still storing that data. Unlike other cryptocurrency blockchains, the only requirements to become a Filecoin miner is a stake in FIL tokens, a solid internet connection, and lots of hard drive space. --------- Buy Zilliqa & Other 1000x Altcoins, Get free $100 ✔https://ift.tt/3htmDtz ----- Trading Academy (1000x Profit Signals)✔ https://ift.tt/37iJV0t ------- Best Charting & Trading Tools https://ift.tt/35e8fOA Buy Safest wallet ✔ Ledger Nano 🔑 https://goo.gl/zLC81c ========================= Subscribe ► https://goo.gl/uMmUv4 ========================== DONATE | Bitcoin → 1M6xKbJeBZ956hdV6PLJsBuQrqXUvbZbbT yield farming, yield farming coins, defi coins, defi altcoins, defi altcoins to buy, defi coins list, defi coins on binance, low cap gems, defi low cap gems, altcoins defi, uniswap gems, uniswap token, compound defi, yearn finance review, yearn finance defi, yfv token, chainlink price prediction, chainlink news, cardano news, cardano updates, ethereum defi, zilliqa price prediction, zilliqa news #filecoin#filecoinfil#zilliqa
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