Filecoin Earns Massive Boost Ahead Of Mainnet Launch

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Filecoin (Courtesy: Twitter)
Filecoin (Courtesy: Twitter)

One of the hottest projects in crypto at the moment is Filecoin, which has been gaining momentum mostly in China. Its long-awaited mainnet launch is now only a few days away.

Filecoin touts itself as a decentralized data retrieval and storage network designed to ‘store humanity’s most important information.’ The Protocol Labs-developed crypto project is finally poised to launch on mainnet three years after its $200 million ICO.

The network uses InterPlanetary File System (IPFS) technology which allows users to rent unused hard drive space for storage and offer their own to host content. A great deal of hype has mounted as the project aims to be a decentralized alternative to Amazon Web Services which currently has the majority of the cloud industry market share.

One of the hottest projects in crypto at the moment is Filecoin, which has been gaining momentum mostly in China. Its long-awaited mainnet launch is now only a few days away.

Filecoin touts itself as a decentralized data retrieval and storage network designed to ‘store humanity’s most important information.’ The Protocol Labs-developed crypto project is finally poised to launch on mainnet three years after its $200 million ICO.

The network uses InterPlanetary File System (IPFS) technology which allows users to rent unused hard drive space for storage and offer their own to host content. A great deal of hype has mounted as the project aims to be a decentralized alternative to Amazon Web Services which currently has the majority of the cloud industry market share.