FilecoinFilecoin (FIL)

Filecoin (FIL) aims to disrupt the cloud storage industry by creating a decentralised alternative. Created by Protocol Labs, Filecoin allows users to rent out their spare hard drive space to other participants of the network and in turn receive rewards of Filecoin for doing so. Whereas centralised systems such as Dropbox store the files on their servers as well as the profits, Filecoin’s alternative solution creates incentives for the individual. Launched in 2017 and raising $200 million in thirty minutes Filecoin has some big backers including the the Winklevoss twins as well as other venture capitalist firms.

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