Filecoin Confirms Long-Awaited Mainnet Launch for Next Month
Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.
Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.
Filecoin popped then dropped in an erratic first day of trading.
The mandatory upgrade is the first post-launch upgrade to the Filecoin network.
Ben Golub, CEO of Storj, sends a complimentary note to Filecoin. Competition is good and so is countering the extreme concentration of cloud storage.
Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.