## Що таке Kava (KAVA)?

Kava - це кросчейн (крос-ланцюгова) платформа кредитування DeFi, яка дозволяє користувачам позичати USDX [стейблкоїни](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) та вносити різноманітні криптовалюти для початку отримання прибутку.

Хаб Kava DeFi працює як децентралізований банк для цифрових активів, надаючи користувачам доступ до низки децентралізованих фінансових послуг, включаючи його рідний стейблкоїн USDX, прив’язаний до долара, а також синтетичні та похідні інструменти. Через Kava, користувачі можуть позичати токени USDX, вносячи заставу, ефективно використовуючи їх вплив на криптоактиви.

Побудований на блокчейні Cosmos, Kava використовує систему заставної боргової позиції (CDP) для гарантування, що стейблкоїн позики завжди достатньо забезпечені. Якщо позичальнику не вдається підтримувати заставу вище необхідного порогового значення, модуль ліквідатора Kava вилучить заставу з невдалих CDP та надішле її модулю аукціону для продажу.

На додаток до стейблкоїну Kava USDX, блокчейн Kava також включає власний токен KAVA. Це службовий токен, який використовується для голосування за пропозиції щодо управління, а також функціонує як резервна валюта, коли система має недостатнє забезпечення.

### Хто заснував Kava?

Kava Labs, Inc., материнська компанія, що стоїть за Kava, була співзаснована Браяном Керром (Brian Kerr), Руарід О'Доннелл (Ruaridh O'Donnell) та Скоттом Стюартом (Scott Stuart).

Браян Керр є нинішнім генеральним директором платформи і раніше працював радником для кількох [блокчейнів](https://coinmarketcap.com/alexandria/glossary/blockchain) та криптоплатформ, включаючи Snowball і DMarket. Керр зробив різноманітну та успішну кар’єру та здобув освіту в галузі ділового адміністрування.

Руарід О'Доннелл, випускник магістра фізики, зазначений як другий співзасновник Kava та колишній інженер і аналітик даних у Levelworks. Останнім співзасновником Kava є Скотт Стюарт, колишній професійний гравець у покер, який зараз працює менеджером продукту в Kava Labs.

Kava Labs також перелічує десяток інших співробітників і підрядників, мабуть, найвідомішим з яких є Деналі Марш — досвідчений розробник смарт-контрактів і аудитор, який займає роль блокчейн інженера у Kava.

### В чому унікальність Kava?

Kava відрізняє себе від інших подібних платформ децентралізованого кредитування завдяки підтримці кросчейн активів.

Завдяки технології зон Cosmos користувачі Kava зможуть депонувати широкий спектр нативних активів, включаючи [Bitcoin (BTC)](https://coinmarketcap.com/uk/currencies/bitcoin/), [XRP](https://coinmarketcap.com/uk/currencies/xrp/), Binance Coin (BNB) і Binance USD (BUSD). Але поки що кросчейн активи мають бути обгорнуті як активи Binance Chain (BEP2).

Аналогічно, Kava також дозволяє користувачам отримувати прибуток, карбуючи свої стейблкоїни USDX. Після карбування, ці токени USDX можна внести на грошовий ринок Kava, відомий як [HARD Protocol](https://coinmarketcap.com/uk/currencies/hard-protocol/). Користувач заробляє змінний APY, тоді як забезпечення USDX залишається під захистом Kava.

Користувачі Kava можуть запускати власний вузол [стейкінгу](https://coinmarketcap.com/alexandria/glossary/staking) для отримання винагороди KAVA безпосередньо з протоколу. Однак лише 100 найкращих вузлів Kava (також відомих як валідатори) мають право на отримання цих нагород. Крім цього, [власники KAVA можуть поставити на стейкінг](https://coinmarketcap.com/alexandria/article/what-is-staking) свої токени на різноманітних сумісних біржових платформах, таких як Binance та Huobi Pool.

Крім цього, користувачі можуть заробляти регулярні винагороди KAVA, карбуючи USDX на платформі. У системі також використовується кілька механізмів для спалювання токенів KAVA, що допомагає зменшити циркуляційну пропозицію.

#### Пов’язані сторінки:

Ознайомтеся з [Compound (COMP)](https://coinmarketcap.com/uk/currencies/compound/) — платформою, яка поділяє багато схожостей із Kava.

[Aave (AAVE)](https://coinmarketcap.com/uk/currencies/aave/) - це ще один протокол кредитування DeFi, який замість цього заснований на блокчейні Ethereum.

Дізнайтеся більше про Kava на [CoinMarketCap Earn.](https://coinmarketcap.com/earn/project/kava)

Перегляньте [блог CoinMarketCap](https://blog.coinmarketcap.com/), щоб дізнатися про останні новини галузі та оновлення ринку.

### Скільки монет Kava (KAVA) у обігу?

Токен KAVA вперше був запущений у 2019 році після кількох приватних продажів та початкової пропозиції обміну Binance Launchpad ([IEO](https://coinmarketcap.com/alexandria/glossary/initial-exchange-offering)). Загалом, 40% токенів KAVA було продано приватним інвесторам, тоді як 6,52% загальної пропозиції було продано на Binance Launchpad, — зібравши ~3 мільйони доларів.

Із решти токенів KAVA 25% було виділено акціонерам Kava Labs, тоді як останні 28,48% призначено скарбниці Kava — для використання для розвитку екосистеми Kava.

Станом на листопад 2020 року, в обігу перебуває майже 47 мільйонів токенів KAVA з поточної максимальної пропозиції у 111,5 мільйонів токенів. Однак, оскільки KAVA є інфляційним, ця максимальна пропозиція з часом збільшується — від 3% до 20% на рік, залежно від частки токенів KAVA, що на стейкінгу. Максимальна пропозиція також може збільшитися, якщо KAVA необхідно карбувати для того, щоб ринок залишався достатньо забезпеченим.

Згідно з прогнозами, зробленими [Binance](https://coinmarketcap.com/uk/exchanges/binance/), токен KAVA має досягти 100% розбавлення до жовтня 2022 року.

### Як захищена мережа Kava?

Kava створена на базі Cosmos та використовує оснований на Tendermint [консенсусний механізм](https://coinmarketcap.com/alexandria/glossary/consensus) підтвердження частки володіння [proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) (POS) для забезпечення цілісності мережі.

Використовується мережа вузлів валідатора для підтвердження транзакцій. Ці вузли-валідатори повинні надати заставу, щоб взяти на себе обов’язок перевірки транзакцій. Якщо валідатори поводяться неправильно або не відповідають суворим мінімальним вимогам, їхня ставка буде оштрафована, — що стимулює валідаторів залишатися чесними та ефективними.

[Смарт-контракти](https://coinmarketcap.com/alexandria/glossary/smart-contract) Kava були перевірені кількома незалежними фірмами з блокчейну та криптозахисту, включаючи CertiK, B-Harvest та Quantstamp. На сьогоднішній день уразливостей не виявлено.

### Де можна купити Kava (KAVA)?

Токени KAVA можна торгувати на більш ніж дюжині біржових платформ, і зараз існує широкий вибір торгових пар для KAVA, найпопулярніші з яких включають: KAVA/USDT, KAVA/BTC та KAVA/BNB.

Станом на листопад 2020 року, [Binance](https://coinmarketcap.com/uk/exchanges/binance/) є найбільш ліквідною біржею для токенів KAVA, тоді як [Kraken](https://coinmarketcap.com/uk/exchanges/kraken/) є єдиною біржею, яка пропонує торгові пари KAVA/EUR та KAVA/USD. Щоб дізнатися більше про купівлю криптовалюти за фіат, перегляньте наш [вичерпний посібник](https://coinmarketcap.com/how-to-buy-bitcoin/).

Ось деякі інші статті, які можуть вас зацікавити:

* [Що таке Crypto Faucet (Крипто Крани)?](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet)
* [Що таке Крипто - Дебетові картки?](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards)
* [Що таке Web 3.0?](https://coinmarketcap.com/alexandria/article/what-is-web-3-0)
* [Що таке Дохідне Фермерство?](https://coinmarketcap.com/alexandria/article/what-is-yield-farming)
* [Що таке Кредитування Крипто?](https://coinmarketcap.com/alexandria/article/what-is-crypto-lending)

Kava

Ledger

Trust Wallet

MetaMask

Binance Chain Wallet

Atomic wallet

Wrapped Kava

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Flow

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.

To learn more about this project, check out our deep dive of Mina Protocol.

The Mina network has a size of only 22 KB, which is miniscule when compared to Bitcoin’s 300 GB blockchain.

Mina

In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

Cosmos

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.

Algorand

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Synthetix

Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.

Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”

The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.

Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.

Kusama

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.

To learn more about this project, check out our deep dive of The Graph.

To date, over3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.

The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.

The Graph

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.

The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.

In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $150B in overall volume on the Ethereum network alone.

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

The 1INCH token is the governance and utility token of the 1inch Network. 1INCH holders can stake their tokens to participate in the 1inch Network's DAO governance, including the 1inch DAO Treasury management. Also, holders can choose resolvers and earn a part of their fees.

With the 1inch Fusion, users can stake 1INCH tokens to receive Unicorn Power (UP), then subsequently delegate their UP to any 1inch Fusion Resolver to start receiving rewards from them. When staking, there is the option to set a custom or preset lock period. User’s st1INCH tokens cannot be unstaked/withdrawn without penalty until the designated lock period expires.

In December 2020, 1inch raised $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group. The funding round was conducted through a SAFT (simple agreement for future tokens) sale.

In December 2021, 1inch has closed a $175 million Series B round, led by Amber Group. Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

1inch Network

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”

One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.

The ecosystem is based on two main technologies: Lachesis protocol and Opera.

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.

Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.

The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.

As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.

The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).

In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.

FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Fantom

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Aave

Theta Network

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

Zilliqa

THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.

With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker.

The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 300k RUNE to participate in its rotating consensus process.

THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022..
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THORChain

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.

The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.

$FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.

The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.