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<div id="textarea-bg-text" class="textarea-bg-text small-font">Upbit is a relatively new South Korean C2C exchange, launched by Dunamu, a fintech company owned by Kakao, South Korea's largest instant messaging software developer, which, in partnership with Bittrex, provides Upbit with a wide variety of cryptocurrency transactions. In addition, the Upbit platform also has advanced blockchain technology, professional regulatory knowledge and rich operational know-how. Over the years, it has been providing users with safe and user-friendly services.</div>
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Filecoin

<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">The Filecoin project is a decentralized storage system. The Filecoin protocol was first proposed in 2014 and was originally developed as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Like IPFS, Filecoin is an open protocol that builds on the properties of IPFS with the same underlying p2p network and content addressing capabilities.</span></p>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">The Filecoin node network generates a decentralized storage market for file retrieval and storage. The network is powered by a new type of blockchain that records commitments made by network participants. Users conduct transactions on the network using the blockchain&rsquo;s native cryptocurrency, FIL.</span></p>
<h4 class="ql-long-58030660" data-header="4"><span class="ql-author-58030660">Search the market</span></h4>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">In the retrieval market, nodes called</span> <em class="ql-size-14 ql-author-58030660">retrieval miners</em> <span class="ql-size-14 ql-author-58030660">compete to deliver files to clients as quickly as possible. Retrieval miners are rewarded with a small FIL fee. This provides incentives for nodes at key locations for content delivery to join the network and facilitates rapid distribution of files. It also encourages the establishment of a robust network for copying and preserving files in high demand.</span></p>
<h4 class="ql-long-58030660" data-header="4"><span class="ql-author-58030660">storage market</span></h4>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">In Filecoin's storage marketplace, nodes known as storage miners have the power to compete for contracts on various characteristics, such as price and location, to provide customers with file custody for a specified length of time. Before accepting a contract, storage miners must pre-collateralize FIL; this is used to automatically compensate clients if storage miners fail to meet their obligations to clients.</span></p>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">When a storage miner and their client make a deal, the client transmits their data to the storage miner. Storage miners add their data to a</span> <em class="ql-size-14 ql-author-58030660">sector,</em> <span class="ql-size-14 ql-author-58030660">which</span> is the basic unit of storage in <em class="ql-size-14 ql-author-58030660">Filecoin</em> <span class="ql-size-14 ql-author-58030660">. Miners then perform a computationally intensive operation called</span> <em class="ql-size-14 ql-author-58030660">sealing</em> <span class="ql-size-14 ql-author-58030660">to create a unique copy of that sector's data.</span></p>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">If a client wants to store multiple unique copies of its data, the sealing process ensures that each copy has a unique fingerprint, and the computational work required to derive it will prevent nodes from cheating by regenerating it from the underlying data. The sealed data is ultimately used to issue proofs of replication to the Filecoin blockchain.</span></p>
<p class="ql-long-58030660"><span class="ql-author-58030660 ql-size-14">During storage transactions, storage miners are required to periodically submit so-called proofs of space-time to the blockchain. Miners derive these proofs using randomness (provided by the blockchain itself), sealed sectors, and proofs of replication posted to the blockchain. This evidence provides clients with a strong probabilistic argument that storage miners have a complete, unique copy of the data. This is a very strong guarantee that even modern cloud storage providers do not offer their customers.</span></p>
<p class="ql-long-58030660">Clients <span class="ql-size-14 ql-author-58030660">reward Filecoin storage miners</span> <span class="ql-size-14 ql-author-58030660">with FIL as</span> <em class="ql-size-14 ql-author-58030660">transaction fees</em> . <span class="ql-size-14 ql-author-58030660">Storage miners also have the opportunity to mine blocks for the blockchain, which requires both FIL rewards and transaction fees to others who wish to include messages in the mined blocks.</span></p>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">Filecoin's proof system means miners need some additional hardware, but the requirements are still low enough for tech-savvy individuals. The hardware requirements for participating in the network as a client are not high. Filecoin nodes also expose an API for programmatic interaction with the network, allowing third-party services to build on top of core network functionality.</span></p>
<h4 data-header="2">Decentralized storage advantages</h4>
<p class="ql-long-58030660"><span class="ql-size-14 ql-author-58030660">Decentralized storage offers a compelling alternative to traditional centralized storage. It gives developers the opportunity to explore entirely new areas of design trade-off space, emphasizing robustness and efficiency in content storage and delivery. Filecoin shows that these systems can provide a competitive storage product with a variety of highly desirable properties, giving more people the opportunity to become custodians of our digital assets, while making the network more resilient and accessible to people around the world .</span></p>
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0x0d8ce2a99bb6e3b7db580ed848240e4a0f9ae153

0xae3a768f9ab104c69a7cd6041fe16ffa235d1810

0xF8A425E39aF1976e1826f0C8843149AfA5e9Ec04

0x0bf85D3B0C9ebCC282FDe0591882d12E57E700B3

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Juan Benet graduated from Stanford University and is the founder of Protocol Labs, the inventor and founder of InterPlanetary File System (IPFS) and its System incentive token Filecoin (FIL). Protocol Labs focuses on the research of new Internet technologies. In the summer of 2014, Protocol Labs was selected by Y Combinator, a top INCUBATOR in the United States. The team has successfully developed several projects and received considerable investment. IPFS is a high-profile new Internet protocol that promises to make the Internet faster, more secure and more open.

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	FIL/USDT	3.6800	0.63%	$12,355,612.34	6.1233%	2024-10-18 11:29:23
2	OKX	2	OKX	FIL/USDT	3.6800	0.52%	$6,265,675.08	3.1052%	2024-10-18 11:28:57
3	Bitget	3	Bitget	FIL/USDT	3.6800	0.41%	$4,477,227	2.2189%	2024-10-18 11:28:21
4	Gate.io	4	Gate.io	FIL/USDT	3.6790	0.6%	$3,113,288.74	1.5429%	2024-10-18 11:28:56
5	KuCoin	5	KuCoin	FIL/USDT	3.6778	0.02%	$867,712.79	0.4300%	2024-10-18 11:29:08
6	CoinW	6	CoinW	FIL/USDT	3.6793	0.53%	$826,825.56	0.4098%	2024-10-18 11:28:39
7	Binance	7	Binance	FIL/BTC	0.00005420	-0.55%	$597,397.55	0.2961%	2024-10-18 11:28:43
8	HitBTC	8	HitBTC	FIL/USDT	3.6799	0.57%	$565,789.54	0.2804%	2024-10-18 11:29:13
9	Upbit	9	Upbit	FIL/BTC	0.00005453	0.41%	$400,574.65	0.1985%	2024-10-18 11:26:48
10	BingX	10	BingX	FIL/USDT	3.6780	0.57%	$250,857.92	0.1243%	2024-10-18 11:27:51
11	Binance	11	Binance	FIL/USDC	3.6780	0.49%	$231,137.83	0.1146%	2024-10-18 11:22:52
12	Kraken	12	Kraken	FIL/USD	$3.68	0.41%	$172,931.33	0.0857%	2024-10-18 11:26:16

	Volume(24H)	Trading Percent
OKX	OKX	$6,341,929.28	6.6153%	Visit
Binance	Binance	$13,355,073.91	13.9307%	Visit
Coinbase Pro	Coinbase Pro	$59,402.45	0.0620%	Visit
Bitfinex	Bitfinex	$36,766.63	0.0384%	Visit
Kraken	Kraken	$215,064.8	0.2243%	Visit
Gate.io	Gate.io	$3,124,092.77	3.2588%	Visit
KuCoin	KuCoin	$867,712.79	0.9051%	Visit
Crypto.com Exchange	Crypto.com Exchange	$54,249.48	0.0566%	Visit
Bitget	Bitget	$4,562,647.87	4.7593%	Visit
MEXC	MEXC	$34,365.94	0.0358%	Visit
BingX	BingX	$250,857.92	0.2617%	Visit

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