The $257 Million Cryptocurrency that Wants to Upend Cloud Data Storage is Almost

[SuperBazooka]

The $257 Million Cryptocurrency that Wants to Upend Cloud Data Storage is Almost Ready to Go Live
Filecoin, a decentralized storage network that turns cloud storage into an algorithmic market monetized through cryptocurrency, has announced that it will go public within the coming months.

Filecoin prepares for liftoff
This announcement is contained in a blog post by the company, in which it stated that, having passed the critical period when it needed to have the codebase private, the project is now quickly reaching a point where the implementation would benefit more from being public.

In a successful ICO that ran through August and September 2017, Filecoin raised an outstanding $257 million dollars and has since been involved in developing the project whose market will run on a blockchain with a native cryptocurrency (also called “Filecoin”), which miners earn by providing storage to clients.

As contained in the project’s whitepaper, clients on the platform will spend Filecoin tokens to store or distribute data. The miners in this case, who engage in active storage consequently earn rewards. Just like in Bitcoin mining, this is also a competitive process, but in this case mining power is proportional to active storage which directly provides the required services for clients.
https://www.ccn.com/257-million-filecoin-prepares-for-impending-launch/

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[EveningRock]

Filecoin, a decentralized stockpiling system that transforms distributed storage into an algorithmic market adapted through cryptographic money, has declared that it will open up to the world inside the coming months.

[farhiamunni]

File coins to a decentralized storage network. Till the September 2017 it has managed $257 million dollar. It has reached a point when private is required. People will benefit more from the Filecoin network I hope.

[Vikingkong]

With the pivotal requirement for a protected and effective information stockpiling framework, blockchain gives the road to assemble a decentralized system where information proprietors can easily accomplish their objectives in a boosted biological community.

[BigSheep]

This declaration is contained in a blog entry by the organization, in which it expressed that, having passed the basic time frame when it needed the codebase private; the undertaking is presently rapidly achieving a point where the usage would profit more from being open.

[Nightingale2]

This is a very big step for the filecoin. They have been in the dominating the market since their entrance to the market. Now with this cloud storage service they will surely create more facilities to the users

[Barrycuda7]

well I have to admit that it is a very high rate and amount of crypto currency market to deal with so yes we should think about it extra security and of coruse all the market updates about this recent updates

[Cybora9]

it is very good news that in 2017, Filecoin raised an outstanding $257 million dollars. it will be doing something good in future because it is also decentralized storage network. it will provide the required services for clients.

[mattcerna16]

We'll have to see how it does. Seems to be a lot of cryptocurrencies based on cloud storage, none of them have gained adoption yet.

[cryptoking252]

In 2017, Filecoin raised an outstanding $257 million dollars. it is very good for cryptocurrency. it will be doing something good. it will provide the required services for clients. because it is committed to provide better service.

[BitCoinGuy10]

Filecoin are more probable if you analysis last year Filecoin economy graph you will see Filecoin raised an outstanding $257 million dollars. it is very good sign for Filecoin. it is also decentralized storage network. its future more bright.

[ce7mee]

There are lots of storage providers available in the market. But i like the feature hard drive decoupling about filecoin. I hope they will do as they have promised in planning.

[kevoh]

In 2017, Filecoin raised an outstanding $257 million dollars. it is very good for cryptocurrency. it will be doing something good. it will provide the required services for clients. because it is committed to provide better service.

That was 2017 when ICOs were still the have of the moment, I doubt if filecoin will be able to raise a quarter of that amount the same period in 2018!

[makemininggreatagain]

hard to believe any block chain related cloud file storage can find success, but best of luck to their team.  Having dove into Siacoin and their file storage concept for blockchain, burned enough to see that its just not the right use of the technology.

[RadiontLoss]

It is great news that Filecoin which is a decentralized storage network is becoming public soon. I am hopeful that people will be much more benefited if it goes public. It has already done an outstanding job by raising such a big amount. Hope they will do even better in coming days.

[btcscal]

They have wonderful team. I hope they will provide something different in this market of tough competition. I think if they are going to fulfill the promises they are going to be successful.

[ShakingCoin]

If it is open for public then it will be great for us and this will be helpful for us based on this platform will play an important role in our market which make our work more easy and we can also store and distribute our data also.

[Tallay]

I have dig about Filecoin for some times. I think they have a wonderful vision which can be able to attract people to participate here. But i think they have some lacking in ICO profile building and they should fix it.

[Lisedc]

Having this open for the public is a good news indeed for all for of us. This platform will play a vital part in making our work even more easier, where we will get to store and distribute our data.

[robertcross07]

This is a good thing for the investors and for the miners. Now that the people are getting an opportunity to use this platform, since it is open for the public this will make the market more popular now.