After countless delays, the decentralized file storage provider should finally see the light ICO Launch.
Decentralized storage provider Filecoin announced in a
Filecoin’s protocol lets anyone rent out spare storage space on their computer to other users on the network. “Think of it like Airbnb. You had people with rooms that weren’t being used; Airbnb built a marketplace for them,” Juan Benet, founder of Protocol Labs told Techcrunch back in July 2017.
Filecoin raised $257 million in a 2017 ICO Launch for its native token, FIL. Since then, the project has been beset by delays. Filecoin originally expected that the
But while it’s been a long time coming, progress is underway. When Filecoin ICO launched development networks earlier this year, which let community members test the Filecoin protocol and network, things went well; Filecoin reported a peak of 500 nodes and 17 petabytes of pledged storage capacity.
Later this year, Filecoin will also perform a security review and audit, and plans to stress-test the network further in anticipation of next year’s mainnet launch. But can it stick to these provisional dates?