Filecoin
- Ticker
- FIL
- Category
- Storage network
- Risk profile
- Volatile
What it is
A network that turns file storage into an open market: clients pay providers to hold data, and providers must keep proving to the chain that the data is still there.
Why this risk level
- A storage deal is enforced by two cryptographic proofs — one that the provider encoded the client's specific data, and one submitted repeatedly over time that they still hold it — with staked collateral slashed for failing them
- The chain stores the deals and the proofs, not the files, so retrieval speed and availability depend on the provider you contracted with rather than on the protocol
- FIL pays for deals and gas and is the collateral providers must lock to take on storage; the price of a deal is negotiated in the market rather than set by the protocol
A plain-English risk overview for education, not investment advice. Risk profiles describe the asset's own characteristics, not a price forecast — always do your own research before buying.
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