Filecoin Blockchain Data Storage Network Will Launch Testnet In December And Mainnet in 2020

  • Filecoin will give room to its clients to purchase unused data storage on an open market.
  • Filecoin has announced the launching dates to both testnet and mainnet.

Launching Schedule for Testnet and Mainnet

Following a blog post on Tuesday, Filecoin has declared the launching dates to be Dec 11 for testnet and mainnet will commence in March the coming year.

The provided windows are considered as estimates and therefore the particular date for mainnet launching could not be declared. Filecoin will provide a space for users to buy unused data storage on associate degree open market. The company anticipates the launch of mainnet during 1-2 quarters after the testnet is launched.

Filecoin team acknowledges that the given dates could slide since they are just estimated windows.

As Per the declaration, the project team released a written Filecoin execution. They later started the initial public development networks, which was followed by a number of the protocol implementations to the development. The focus of the group is to refine the design protocol, settling cryptographic verification development, starting long-running testnets and growing the community of the project at large.

Moreover, the project group additionally guarantees that a link to an advancement guide will be distributed on Filecoin's blog one month from now.

Largest Token Sales from SAFT Ever Experienced

This project experienced one of the most important sales within the year 2017. This happened through a Simple Agreement for Future tokens also referred to as SAFT to institutional and licensed investors. Filecoin collected a total of $257 million, which incorporates $205 million for SAFT sales, and $52 Million collected from a presale.

Protocol Labs – creators of decentralized data storage solutions IPFS developed Filecoin. It will, therefore, work as a motivation system for Filecoin.

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