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What is Filecoin? Cryptocurrency with Aspects of Decentralized Storage Network [How to Buy]

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What is Filecoin?

Filecoin is a cryptocurrency with aspects of a decentralized storage network.

Filecoin is also an open protocol, recording commitments made by network participants in a blockchain.

Lotus, an implementation of the Filecoin protocol in Go language, is open source.

The consensus algorithm of Filecoin is based on both Proof-of-Replication (PoRep) and Proof-of-Space (PoS).

If you would like to know more about PoRep and PoS, please click the following.

Click the following to watch videos explaining Filecoin.

How to Buy Filecoin

We introduce how to buy Filecoin.

The main cryptocurrency exchange where Filecoin can be traded is MEXC and Gate.io (click here for cryptocurrency exchanges where you can trade).

Open a free account with MEXC and Gate.io now!

Summary

We introduced Filecoin, which is a cryptocurrency with aspects of a decentralized storage network.

We learned that Lotus, an implementation of the Filecoin protocol in Go language, is open source.

If you are interested in learning more about SINSO, a cryptocurrency that extends Filecoin, please click the following.

Open your account on our recommended cryptocurrency exchanges!

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