| General information | |
|---|---|
| Global rank: | 41 |
| Name: |
Filecoin |
| Symbol: | FIL |
| Current coin price (ETB): | 515.97 Br |
| Last hour: | arrow_upward0.710 % |
| Last 24 hours: | arrow_downward-5.01 % |
| Last 7 days: | 4.33 %trending_up |
| Capitalisation (ETB): | 304 392 169 035.09 Br |
| Volume 24h (ETB): | 20 527 212 018.89 Br |
| Available supply: | 589 938 075.00 FIL |
| Filecoin (FIL) website: | https://filecoin.io/ |
Filecoin/Ethiopian Birr (FIL/ETB) price chart
Filecoin/Ethiopian Birr (FIL/ETB) 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.