How far has the development of fil coin come (price changes of fil coin from start to finish)

How far has the development of fil coin come? In the Filecoin project, there are many conflicts of interest between miners and investors.

According to data from Filfox browser, as of August 17, 2018, there were already 400 million FIL tokens (equivalent to 600 million US dollars) in total network computing power exceeding 1T. And currently, FILDApps has started supporting users to deposit FIL into exchanges for trading, and selling the mined FIL to the secondary market, which is a good thing for the entire cryptocurrency community. With the launch of FileCoin mainnet and the increasing support from the Filecoin community, some even believe that Filecoin can become an important infrastructure for the future internet.

So, what is the current development status? Let’s discuss it from two angles:

First, the smart contract protocol on Ethereum, known as smart contracts. This code allows developers to create their own smart contracts, and then they can use these contracts to build their own applications, thus making blockchain applications land. Another is the technology based on smart contract language (referred to as “smart” or “readable”) on Ethereum, which provides generic tools, programming interfaces, and other services for various blockchain applications. Third, in a sense, this is an open platform that allows anyone to easily use blockchain systems without the involvement of third parties, or they can use them for other purposes.

Second, the distributed storage solution in the Ethereum network, IPFS, is an open-source, decentralized peer-to-peer file transfer protocol. It is mainly used to store data and can be sent to every node in the world like HTTP. However, it cannot directly connect to IPFS due to its complex network resources on which it depends.

Third, a dApp on Ethereum is used to deploy smart contracts, such as games. In the past few years, the number of Dapps in the FileCoin ecosystem has grown explosively, including a decentralized computing platform P2P downloader. However, compared to other cryptocurrencies, the usage of P2P video streaming devices is much lower than the number of traditional websites. Although many companies are working hard to solve the problems of IPFS, projects like Polkadot are emerging and some public chain projects are also trying to join the Filecoin ecosystem.

Fourth, in the early stages of Filecoin, many teams tried to use it as an incentive layer to attract more miners to participate. So, it was noticed that the consensus of Filecoin is still small and does not have much value, it was only because the price was indeed high at that time and was heavily speculated upon during certain periods.

Price changes of fil coin from start to finish

According to the information disclosed by Filcoin official, the price changes from start to finish are as follows:

1. Within 6 days since the launch of Filecoin mainnet, the price was 2.89 USDT;

2. The number of storage transactions on the Filecoin network has increased by over 150% (about 300,000 per day), and the gas fees paid by miners have also increased by 160%;

3. As the mainnet launch approaches, the block rewards and block time of fil coin have increased. In the early stages of the FIL mainnet launch, 8 projects have already gone live and started generating income, and 5 of them have completed public testing.