When will File Coin be launched?

Filecoin mainnet was launched on October 15, 2020 as a decentralized file storage and retrieval network that utilizes the IPFS protocol to provide safe, reliable and durable storage. The Filecoin mainnet launch was a multi-stage process, including an initial coin offering in 2017 and a testnet launch in 2019. Since its launch, the Filecoin network has continued to grow, with more than 3.8 million users, 130,000 miners, and more than 25 EiB of data stored. Its key features include decentralization, durability, verifiability and economic incentives to encourage network participation and reliability.

File Coin Online Time

File Coin (FIL) will be on October 15, 2020Online on Filecoin mainnet.

Background Introduction

Filecoin is a decentralized file storage and retrieval network that allows users to store and access files on distributed networks around the world. The network uses the IPFS (InterPlanetary File System) protocol to provide secure, reliable and durable storage.

Online process

The launch of Filecoin mainnet is a multi-stage process:

• August 2017: Filecoin Initial Coin Offering (ICO)
• October 2019: Filecoin Testnet Launch
• October 15, 2020: Filecoin mainnet officially launched

Development after launch

Since its launch, the Filecoin network has continued to develop and grow. Its storage capacity, number of users, and miner size have all grown significantly. As of February 2023, the Filecoin network has stored more than 25 EiB of data, with more than 3.8 million users and 130,000 miners.

Main Features

Filecoin’s main features include:

• Decentralization: Files stored on the Filecoin network are dispersedly stored on multiple miners’ nodes to ensure data security.
• Persistence: Filecoin miners use replication and redundancy measures to ensure long-term storage of files.
• Verifiability: Users can verify that stored files have not been modified through the Filecoin network.
• Economic Incentives: Miners are rewarded with FIL tokens for storing and retrieving data, encouraging network participation and reliability.

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