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These are the reasons to invest in Filecoin (FIL)
What is Filecoin?
Filecoin (FIL) is the native currency of a decentralised storage network built to hold the world’s most precious files. Attracting the interest of crypto traders and developers alike, it facilitates a decentralised storage marketplace where anyone may trade empty space for cash. This is done in an effort to incentivize people to share their empty storage space online in the hopes of making online storage more accessible and inexpensive for everyone.
What are the Risks of Investing in Filecoin?
Although Filecoin is a novel solution, it competes with both centralised cloud storage companies and other decentralised storage systems.
Finally, there is always the chance that there may be technical difficulties or security flaws with a new technology.
Reasons to Invest in Filecoin
Filecoin is appealing because it provides a solution to a practical issue: the lack of trusted, easily accessible, and cost-effective data storage options. The need for data storage is growing as our society grows more data-centric. Filecoin’s decentralised storage network is designed to satisfy this need.
