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Filecoin still worth it??

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@mrsatoshiii
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Filecoin is the incentive layer for the Interplanetary File System or IPFS.
The IPFS makes it possible to host web content in a decentralized manner across multiple computers instead of a centralized server like the HTTP hosted content we use today.

Filecoin and IPFS are just two of the protocols being built by Protocol Labs in their mission to create a new decentralized internet.

💸Governance and Tokenomics Clarification💸

The Filecoin Foundation coordinates all the stakeholders on Filecoin including users, miners, and developers.

Any changes made to Filecoin will be done using the Filecoin Improvement Proposal process via FIPs, which are analogous to Ethereum’s own improvement proposals known as EIPs.

Only about 30% of FIL’s total supply of 2 billion has been earmarked for Protocol Labs, the Filecoin Foundation, and the private investors who were allowed to participate in the 2017 SAFT sale.

The remaining 70% of FIL’s total supply will be distributed to Filecoin storage miners in 3 manners, and will be gradually minted over a 20-30 period.

📰 Filecoin: Good News 📰

In October 2020, Filecoin partnered with Livepeer to bring decentralized video streaming to the IPFS. In mid-January, Brave became the first desktop browser to support the IPFS protocol.

Earlier this month, Grayscale unveiled trusts for 5 altcoins including FIL, which had a predictable effect on the price of Filecoin.

😨Filecoin: Bad News😨

One day after the Filecoin main net launched, some of its largest storage miners went QUOTE ‘on strike’ to protest the low block rewards they were earning. This was soon resolved by increasing block rewards.

Less than 2 months later, the Filecoin blockchain grinded to a halt. Thankfully, this had no impact on any data being stored on the IPFS via Filecoin, and the blockchain was back up and running within 4 hours.

Posted Using LeoFinance Beta