Filecoin (FIL) Faces a Miner Crisis 72 Hours Into Launch, Analyst Says
Filecoin (FIL) has been one of the most talked-about digital assets of the past week. The cryptocurrency finally launched this week after years of development and after a rapid $200 million ICO in 2017. Unfortunately for FIL holders, an analyst says that the cryptocurrency is currently under threat due to a miner crisis. Related Reading: […]
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Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.
Filecoin has undergone a strong drop since its all-time highs above $100 set on its launch date earlier this month. The coin currently trades for $25, 75% below those highs. Despite this drop, buyers seem to be stepping back in. The coin is up 25% in the past 24 hours, making it the best-performing digital […]
This project is continuing to build momentum three years after their token sale. After securing millions of dollars via an initial coin offering in 2017, decentralized data housing platform Filecoin now aims to launch its mainnet.Filecoin will move over to its own blockchain in stages, rather than all at once, according to a Sept. 27 blog post. "Launching a blockchain is an involved and lengthy process," the post said. "Like many other networks (including Polkadot, NEAR, and others), Filecoin is taking a phased approach to launching mainnet, with different groups and communities onboarding....
Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.
The Filecoin network is recovering as miners upgrade to a new client after a four-hour network outage. Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to indeterminate behavior.”Based on the timeline given in the status update, it took less than four hours for the Filecoin dev team to fix the problem. As part of the solution, miners had to....