| General information | |
|---|---|
| Global rank: | 41 |
| Name: |
Filecoin |
| Symbol: | FIL |
| Current coin price (EGP): | 197.42 £ |
| Last hour: | arrow_upward0.710 % |
| Last 24 hours: | arrow_downward-5.01 % |
| Last 7 days: | 4.33 %trending_up |
| Capitalisation (EGP): | 116 463 314 740.68 £ |
| Volume 24h (EGP): | 7 853 904 920.36 £ |
| Available supply: | 589 938 075.00 FIL |
| Filecoin (FIL) website: | https://filecoin.io/ |
Filecoin/Egyptian Pound (FIL/EGP) price chart
Filecoin/Egyptian Pound (FIL/EGP) capitalisation and volume charts
Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.