$FIL Filecoin ( ⨎ ) — is a cryptocurrency designed for collaborative storage and retrieval of data based on blockchain. It was developed by Protocol Labs and utilizes some ideas from InterPlanetary File System, allowing users to rent unused hard disk space.  Filecoin is an open protocol that uses blockchain to record participation in the network. Transactions are conducted using the blockchain currency, FIL. The blockchain is based on proof of replication and proof of spacetime. 

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