What Is Filecoin and How Can You Get Filecoin for Free?
The total online file storage industry is worth over 61 billion U.S. dollars, and you've got to pay extra for the privilege of being able to access your photos and documents remotely on line). This business model is the target of Filecoin revolution. What exactly is Filecoin? It is a new decentralized protocol dedicated to making online file storage faster and cheaper, the whole caper launched by its own cryptocurrency: FIL.
Despite its good performance, however--high prices and a steady rise in value- Filecoin is still only just off the ground. It's too early to tell whether it will be able to take off safely or really progress smoothly like stakeholders hope for. In order to offset these downsides, we suggest you take the initiative and consider getting free Filecoin.
But do not hurry to spend thousands of dollars on $FIL, in this article we are going to tell you how to receive Free $FIL coins. Continue reading to learn more!
What Is Filecoin?
Recognizing the need to optimize and free up connections between storage resources, Filecoin strives to establish a peer-to-peer file storage protocol that uses cryptocurrency as an incentive mechanism for secure file transmission. Users must pay storage miners; these are computers owned by other network members and used to store files from the others. storage miners provide space for cryptocurrency and receive payments in kind. The Filecoin system's total storage is the sum of all Storage Miner capacities.
Those who store files must hold them and verify whether storage is being done properly at all times. As storage miners are not under a single company's control, Filecoin creates an scalable open market for file storage. FIL fuels native cryptocurrency Filecoin, and all transactions that involve FIL are permanently written into the blockchain. Storage miners must post the proof of storage to the blockchain as well.
How to get Free FIL
However, Filecoin is mined differently from most other coins. As a miner, you utilize your computer as one of many storage miners. You make FIL tokens in exchange for the space and work involved. This involves having a proof-of-replication (PoRep) formula to show that you provide the promised storage space and can retrieve stored files without any problem.
Some are willing to store free FIL, while others seek a shortcut and/or unknowingly encounter scams or viruses on the web. The safest and simplest way to get completely free FIL is via Cryptoset.gg. On our site, you simply go through a registration process and claim a reward.
Start Earning Free Filecoin Today
Understanding what Filecoin is, you see its value as a scalable and affordable blockchain-driven file storage network. Although FIL has investment potential, as with all new cryptocurrencies it lacks stability.
These risks can be alleviated through the use of Cryptoset.gg! Here's a safe, simple way to get started earning right away. If Filecoin isn't your cup of tea, take a look at our other crypto rewards. Register now and start your crypto adventure.
