Filecoin is a decentralised storage system that acts as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. It was designed to incentivize the reliable storage of files on the network. It is an open protocol and backed by a blockchain that records commitments with FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Market cap
$1,809,588,177 -1.50%Circulating supply
663,074,564 FILTotal supply
1,959,515,822 FILFilecoin aims to “store humanity’s most important information.” Unlike cloud storage companies, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
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Not traveling anytime soon? No problem! The use cases of FIL extend beyond the Travala.com platform.
Not traveling anytime soon? No problem! The use cases of FIL extend beyond the Travala.com platform.
Anyone can store or validate data within the network. Under the hood, all Filecoin nodes use IPFS, one of the most widely-used data distribution protocols for Web3.
Users can earn FIL tokens by providing data storage and retrieval services to users across the global network. The more data that a miner stores, the greater their storage power. By increasing storage power the miner increases the likelihood of generating new blocks and winning block rewards.
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select FIL.
Click Complete Reservation. In your FIL wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact FIL amount is entered and send the payment.
Click Payment sent. Your transaction will be processed, and you will receive a confirmation email once your voucher or e-ticket is available.
Exchanges and partners where you can buy, sell and trade FIL:
Store your FIL securely with the following wallets:
Filecoin is secured through proof-of-replication and proof-of-spacetime. Proof-of-Spacetime verifies the file is being stored, unaltered, over the agreed-upon duration. Proof-of-Replication verifies the agreed-upon number of copies of a file are being stored.