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Foxico is the most complete listing of projects that conduct ICO with the most trustworthy ICOs ratings from blockchain experts and investors. Foxico provides an in-depth project analysis helping you to make quick decision about investing!

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Starts
Aug 10th 2017
5 months ago
Ends
Sep 7th 2017
5 months ago

Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. As with Bitcoin, Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients (unlike Bitcoin mining, whose usefulness is limited to maintaining blockchain consensus).

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