Filecoin

FIL Launched 2020 source

What this page is: neutral, sourced facts about Filecoin. Every line links where it was checked. 9 facts, 4 from primary sources. Educational, not financial advice.

Live chart

Live chart from TradingView, loaded only when you click. The chart is for viewing only. It is not a signal or advice, and this page shows no other prices.

Filecoin chart

Loads from TradingView only when you click, which then receives your IP address. See our privacy page.

Launch

Mainnet launched in October 2020. secondary source source

Founders and creators

Juan Benet wrote the original Filecoin whitepaper; he and Nicola Greco developed the new protocol with the Protocol Labs team. primary source source

Origin story

Juan Benet wrote the original Filecoin whitepaper in 2014. primary source source

Stated purpose

Decentralized storage network. primary source source

Consensus mechanism

The Filecoin whitepaper introduces proof-of-replication and a useful-work consensus based on sequential proofs-of-replication and storage. primary source source

Supply model

Participation in the network requires putting tokens in collateral; payment depends on the network schedule, storage sectors quantity and size, adherence to FIL+ and deals made with clients. secondary source source

Main uses today

Filecoins are paid to miners (termed "storage providers") who provide storage for clients. secondary source source

Key milestones

Internet Archive's founder Brewster Kahle and director of partnerships Wendy Hanamura joined the boards of advisors of Filecoin and the Filecoin Foundation for the Decentralized Web. secondary source source

Notable events and controversies

In April 2021, the Filecoin Foundation donated 50,000 filecoins to the Internet Archive. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.