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What does filecoint mean (translation of filecoin)?

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filecoint means According to official information, Filecoint is the abbreviation

What does filecoint mean (translation of filecoin)?

filecoint means According to official information, Filecoint is the abbreviation of filecoin in English. In Chinese, filfox refers to a data transmission protocol that uses decentralized network storage to facilitate distributed sharing, sharing, and trading of files. It can effectively reduce the impact of waste of internet data resources, promote a healthier and more orderly development of the internet, achieve global cooperation in network security, and provide more information exchange and value exchange services worldwide.

Currently, the Filecoin Foundation has released an official version of the whitepaper about Filecoint (expected to be released in the third quarter of this year), which will focus on how users can use FileCoin tokens to pay FIL fees and all the functions and operational details supported by this project, including token issuance methods, distribution mechanisms, and more.

Translation of filecoin’s meaning

Filecoin is a part of the distributed network. It is a platform for storing files and data, similar to a database or service protocol on the internet computer. Its purpose is to store information on a trusted and reliable network.

Filecoin can be used to record and store files and communicate with them (including messages sent to miners). It can be used to protect the system from DDoS attacks, store files to ensure content is used correctly, and provide storage, retrieval, and validation functionalities for decentralized applications.

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