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FilecoinFIL
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FilecoinFIL

Blockchains (L1)

Overview

What is Filecoin?
Filecoin is a smart contract platform and a data storage network (a blockchain). Filecoin was founded by Juan Benet and launched in 2014.
How does Filecoin work?
Validators process transactions, store information, and receive fees from users (supply-side fees).
Who governs Filecoin?
FIL holders own and govern the protocol. They currently take a cut of the total base fees, miner tips and overestimation fees paid by users and a cut of provecommit batch fees, precommit batch fees and penalty fees paid by miners (revenue). Filecoin’s investors include IOSG Ventures, Winkelvoss Capital, a16z, etc.
RevenueFilecoin's share of the transaction fees$80Connects Validators & UsersSupply-side feesValidators' share of the transaction fees$20ValidatorsFeesTransaction fees paid by users$100Users
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.