Filecoin currency, Chinese as document currency, is an open-source encrypted currency and digital payment system open to the public; Filecoin is a token on ipfs. Filecoin is a way to reward miners by donating idle hard disks. Filecoin adopts a brand-new algorithm (workload proof). Simply put, if you have a large enough hard disk capacity, the more Filecoin rewards you will get. The data structure of ipfs is very simple, but its function is very powerful. It is an immutable data storage, much like a blockchain.

Filecoin is the value medium of IPFS, all services of IPFS network value are traded through Filecoin, and storage and retrieval services are purchased by purchasing Filecoin, so Filecoin is the embodiment of IPFS value.

In the early days of Filecoin, everyone seemed to see the early bitcoin and actively participated in the mining of Filecoin by miners, hoping to become a member of the link at the earliest. Everyone has an idea. The earlier you enter, the more you dig, and this idea will be certain. Just like the drivers who made Didi in the early days, everyone can make a vat, because there will be many rewards, and Filecoin will also formulate many reward policies. Therefore, it is best to choose the best mining machine now, and there are few IPFS hard disk mining machines on the market now.

When IPFS storage miners provide storage services, they need to provide FIL as collateral. If they can't meet the needs of users to obtain data after receiving the order, the mortgage token will be deducted. Retrieve miners' tokens without collateral.