200 Million in 1 Hour
Breaking all previous records , File-coin raised Initial coin offering of 200 million US Dollars in just 1 hour. There is a nice analysis from HACKED.COM
File-coin's Goal is to make data available widely and chaply and to repurpose wasted computational resources to useful task. At present File-coin storage service can be based on any distributed ledgers like Proof of stake based system but in future version they have purposed replacing Proof-OF-Work in consensus mechanism entirely.
They are also using zkSNARKS i.e ZERO-KNOWLEDGE SUCCINCT NON-INTERACTIVE ARGUMENTS OF KNOWLEDGE . This tech seems to be advance . As file-coin aims to reward the miners as they will be using bitcoin Network at initial.
Congratulations @abitghimire! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
You published your First Post
You made your First Vote
You got a First Vote
You made your First Comment
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP