Is it a good idea to invest in File Coin? We believe it's a great time to invest in File Coin (FIL) because it has great potential to become an outstanding decentralized cloud storage service.
Using blockchain as its backbone, File Coin is one of the fastest-rising cryptocurrencies because it has utility. Instead of pointless mining that's implemented in most cryptocurrencies, File Coin uses storage, retrieval, and repair providers. Each one of these will perform a task for customers that need to store their data in the cloud. After their task, they will receive FIL that they can exchange for any equivalent cash value.
File Coin is blockchain technology's answer to centralized cloud services. Most customers find high-priced cloud storage service subscriptions a huge handful. With decentralized services from File Coin, they can find a storage provider who can store their data for them, a retrieval provider to recover this file from the storage provider, and a repair service provider that can restore data where possible.
Is it a good idea to invest in File Coin? We believe it has the potential to become big in the future. Let's learn more about why people are using it extensively.
Competitive Pricing
Centralized cloud storage is effective. It has infrastructures and data centers to store information worldwide. Unfortunately, you can count the number of top-notch cloud storage providers with retail and B2C offerings. This leads to lower competition in prices between service providers.
By allowing anyone that meets the minimum technological requirements to store a customer's data, File Coin revolutionizes the industry by introducing low pricing through strong, multi-tiered competition.
Single Protocol
File Coin issues a single API or protocol that everyone can use and implement in their respective systems. Using this API makes File Coin's facilities and capacities easy to implement on virtually any platform.
Inherently-Useful Functionality
File Coin is an inherently useful utility because it allows everyone to store data and offer their services to everyone without a middleman to facilitate the transaction. The regular blockchain updates by storage and retrieval providers give
Value-Adding Functionality
Increased demand for cloud use without increasing the number of companies that can offer this service leads to monopoly, poor pricing, and problematic service in the future. With a decentralized cloud storage industry, competition is high, and high-quality cloud storage prices can become lower as everyone competes to provide the best service.
