By CoinList

Filecoin FIL

A decentralized storage network that turns cloud storage into an algorithmic market
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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). This creates a powerful incentive for miners to amass as much storage as they can, and rent it out to clients. The protocol weaves these amassed resources into a self-healing storage network that anybody in the world can rely on. The network achieves robustness by replicating and dispersing content, while automatically detecting and failures. Clients can select replication parameters to protect against different threat models. The protocol’s cloud storage network also provides security, as content is encrypted end-to-end at the client, while storage providers do not have access to decryption keys. Filecoin works as an incentive layer on top of IPFS, which can provide storage infrastructure for any data. It is especially useful for decentralizing data, building and running distributed applications, and implementing smart contracts.

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Crypto's Biggest ICOs Stay Silent on SEC Subpoenas
Jun 19 · CoinDesk · CoinDesk has so far reached out to the 14 best-known issuers that have raised $50 million or more through their token sales, asking whether they had received a subpoena or request for information letter.
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DeFi focused: Grayscale exploring 13 more crypto assets for its trusts
Jun 18 · Coin Telegraph · Institutional asset manager Grayscale has announced 13 more crypto assets are currently under consideration for its suite of crypto investment trust products.
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Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples –
Jun 12 · Bitcoin News · There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia.
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IBM opens Hyperledger Fabric source code to drive enterprise blockchain adoption
Jun 11 · The Cointelegraph · Most recently, computing giant IBM announced that it has open-sourced a large portion of its Hyperledger Fabric code to help drive up adoption rates for enterprise blockchain use cases.
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Top White House Adviser Tim Wu Holds Millions in Bitcoin: Report
Jun 08 · CoinDesk · Tim Wu, one of the White House’s top technology advisers and anti-trust experts, currently holds millions in bitcoin and FIL, according to a report by Politico on Monday.
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