As planned, the main network of the Filecoin decentralized data storage project was launched on October 15. The launch occurred on block 148 888.
The platform is built on the basis of the interplanetary File System (IPFS) and allows users to buy and sell unused volumes for data storage using their own cryptocurrency Filecoin (FIL). For data placement, “miners” of the network are hired, who receive rewards for completing the corresponding tasks.
“The launch of the main Filecoin network took place at 22:44 Beijing time (17:44 Moscow time). Already, three major exchanges-Huobi, OKEx and Binance-have announced the listing of FIL, and offer rewards for trading this cryptocurrency, ” Chinese journalist Colin Wu wrote on Twitter.
Note that in the CoinMarketCap rating, the FIL cryptocurrency was immediately on the 24th place with a capitalization of $1 billion. The cost of FIL is $67.8 per coin. As part of the pre-launch phase of Filecoin, the total storage capacity exceeded 325 peb (pib). This volume is enough to store 90 million movies in 1080p resolution.
Recall that during the ICO in 2017, the Filecoin project raised $257 million for the development of a decentralized data warehouse. Initially, it was planned that the main Filecoin network would be launched in mid-2019, but then the launch was postponed several times.