Caterina
Mon Oct 21 2024
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6 answers
1287
What is fil cryptocurrency?
Fil cryptocurrency is a digital payment system based on blockchain, aiming to create a data storage and retrieval method. It's built upon the InterPlanetary File System (IPFS), designed for a high-throughput, content-addressed block storage model. FIL coin incentivizes a global network of miners to contribute storage space and bandwidth, enabling a secure and distributed network for data storage and retrieval.
