🗒️ People | Juan Benet
· Definition: In August 2017, Filecoin held a token sale, raising more than $200 million.
· How to understand it: Storage providers need to stake FIL as collateral. If they fail to store data as agreed, part of their collateral will be deducted.
· Practical tip: Before putting important files on IPFS, keep in mind that published content is usually visible to everyone. Encrypt private information first.
$FIL 0.6113 (-11.35%)
· Definition: In August 2017, Filecoin held a token sale, raising more than $200 million.
· How to understand it: Storage providers need to stake FIL as collateral. If they fail to store data as agreed, part of their collateral will be deducted.
· Practical tip: Before putting important files on IPFS, keep in mind that published content is usually visible to everyone. Encrypt private information first.
$FIL 0.6113 (-11.35%)