Filecoin Developers Announce Imminent Network Launch

Filecoin, the startup that hosted one of the most successful ICOs of 2017, announced that the cryptocurrency network will launch in the coming months..

The decentralized network will soon monetize the cloud storage market. Separate files of the go-filecoin protocol are already presented, showing some of the main functions of the blockchain, such as launching nodes, smart contracts, payment processing, mining, consensus, internal turnover and others. The upcoming update of the project provides for the publication of the code base, which will allow anyone who wants to study it and take part in the development.

In 2017, the startup was able to raise $ 257 million in two months, having only a project for the future system, which subsequently negatively affected its cost. However, the developers did not abandon their initial promises and practically brought the idea to life. While many investors panic and express their disappointment, the launch could improve the situation..

Filecoin Developers Announce Imminent Network Launch

Token holders will be able to lease digital space and the network, and miners will start earning from the surrender of free capacities. In addition to the low cost, Filecoin must provide reliable data storage, segmentation and backup duplication..

The launch of the Filecoin network will improve the position of some crypto investors, and the upcoming meeting of EU finance ministers, where they will discuss the future of cryptocurrencies, could have a significant impact on the industry as a whole..

text: Ivan Malichenko, photo: Stanslavs / Shutterstock 

Filecoin Developers Announce Imminent Network Launch

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