Can Filecoin Become the Next Bitcoin?
In the post-epidemic era, the global economy has fallen into a downturn, and the industrial growth of each industry has stagnated. On the other hand, the crypto market has ushered in a new round of skyrocketing. From last year's hot DeFi market, which opened the prelude to the bull market of the entire crypto market, to the explosion of the concepts of NFT, GameFi and Metaverse, all of which demonstrated the potential development of a huge crypto market.
On the one hand, with the recent breakthrough of Bitcoin, the skyrocketing price of SHIB has also led MAME coin to go crazy, and many speculators have joined the ranks of MAME coin investment. Although in this MAME coin carnival, some people have obtained a hundredfold or thousandfold increase in assets, but more users have suffered heavy losses due to the collapse of the project. Risk and return are interdependent, and high returns often represent high risks, which is especially obvious in the crypto market.
On the other hand, as people's willingness to invest in encrypted assets continues to increase, many countries such as the United States, Canada, Australia, and Switzerland hold an open and tolerant attitude towards encrypted assets led by Bitcoin. This also makes the Bitcoin futures ETF officially listed in October, providing traditional investment users with more secure and compliant encrypted asset services. In addition, banks in various countries have also developed a strong interest in encrypted asset services.
According to related reports：
Commonwealth Bank will be the first in Australia to offer crypto services to customers, the bank said in a Wednesday statement.
The bank will offer a crypto exchange and a custody service in collaboration with Gemini and intelligence firm Chainalysis.
Customers will have access to 10 digital assets, including bitcoin, ether, bitcoin cash, and litecoin.
Commonwealth Bank will integrate Gemini’s crypto exchange into its app through an exclusive partnership, the bank’s CEO Matt Comyn said in the press release.
The offerings will start next week as a pilot. Commonwealth Bank will add features progressively.
Obviously, after the world's major traditional institutions enter the encrypted asset industry, Bitcoin will inevitably usher in a new soaring. However, investing in Bitcoin seems to be a game among the rich due to the high price. It is difficult for ordinary people to earn the first gold in their lives from Bitcoin investment.
However, it seems that Filecoin will also perform the script that once became rich by buying Bitcoin.
Say Bitcoin is the gold in the world of encrypted assets, then Filecoin is the gold in the decentralized storage ecosystem. Storage is not a pseudo-demand, the operation of the Internet is inseparable from enormous amounts of data. This data needs to be stored so that it can be used when needed. Amazon, Microsoft in the United States, Samsung in South Korea, AliCloud and Tencent Cloud in China have been deeply involved in the field of data storage for many years. But still, they are centralized storage, while IPFS perfectly solves this vital con. However, the current mainstream data storage method remains centralized storage.
Filecoin is the token of the IPFS incentive layer. Its serves as an income for store and retrieve, it encourages miners to better serve the entire market, and hence makes the entire IPFS ecosystem prosper. Its price determines its practicality.
Although the currency price continues to trade sideways, the Filecoin mining market is still hot. No matter how the currency price fluctuates, mining coins always gives out the most stable long-term return. Without the promotion of FIL, which is the ticket and fuel for the largest and most reliable storage market in the future, the IPFS decentralized storage network cannot stand strong. Currently, the only factor IPFS lacks is a firm application basis. With the development of IPFS technology, Filecoin's ecosystem will surely usher in a full-blown explosion.
FILPool, as a crypto asset investment services platform with global presence, provides users with one-stop mining investment services by launching Filecoin hashrate leasing products. FILPool has established multiple IPFS&Filecoin mines around the world to ensure true and transparent hash power. Currently, FILPool has established IDC data centers in Seoul and South Korea.
If you want to invest in Filecoin mining, FILPool one-stop investment services can make it easier for you to participate in it. Even if you don't want to spend money and participate in Filecoin mining,FILPool is still here for you.