In this video we’ll take a look at Filecoin (FIL) and its competitor Siacoin (SC), two key cryptocurrency projects aimed at decentralizing online data storage.
With recent scandals such as the deletion of Parler’s web presence from Amazon Web Server’s cloud servers highlighting the risks of centralized data storage, will Filecoin or Siacoin solve this problem once and for all and disrupt the industry?
Filecoin is the incentive coin for the decentralized data storage project, the InterPlanetary File System or IPFS founded by Juan Benet, a graduate of Stanford and YCombinator. Siacoin is the coin for the Sia network, on top of which the Skynet platform runs.
We’ll compare how Filecoin and Siacoin work and provide our price prediction for each coin. Which token will win the cryptocurrency data storage war?
0:00 Introduction
0:47 What is filecoin
2:05 What is siacoin
3:31 2023 FIL price prediction v SC price prediction
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DISCLAIMER – PLEASE READ
The information in this video is for general information only. It should not be taken as constituting professional advice and I am not a financial adviser. You should consider seeking independent legal, financial, tax or other advice to check how the information relates to your individual circumstances.
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