Filecoin [IOU]
FIL

34.42
$
2.44 %
Change 24h
Market Cap
$ 780,821,000
Volume 24h
$ 118,573,000
Circulating Supply
22,651,200
FIL
$
Description
The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.