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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Daniel W
Daniel W
Daniel Wambugu writes daily cryptocurrency and blockchain related articles BitcoinExchangeGuide. His articles have appeared in numerous blogs, media publications, and community forums. He prides himself on once being a beginner and uses his experience to deliver high-quality insightful content for our dear readers. With a knack for reviewing ICOs or researching news, Daniel plans to continue being a top contributor for many years to come.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,468FansLike
2,795FollowersFollow
4,233FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Deregulating Bitcoin May Increase Speculative Trading Instead of Technical Innovation: Japan’s New Top Financial Regulator

Ryozo Himino, the new top financial regulator of Japan, wants the country to take caution over promoting digital assets, arguing that instead of promoting...

Goldman Sachs New Digital Asset Manager Reveals Plans to Bring A ‘Digital Token' to the Bank

U.S. financial giant Goldman Sachs is pushing forward its plans to launch a digital asset with the appointment of its new digital asset...

Grayscale Ethereum Trust Files with SEC to Halve the ETHE Locking Period Same as GBTC

Grayscale Investments has publicly filed a registration statement on Form 10 with the US Securities and Exchange Commission (SEC) on behalf of its Ethereum...

Florida Teenager Behind the Infamous Crypto Twitter Hack Pleads Not Guilty to 30 Counts of Fraud

Graham Ivan Clark, the 17-year old Florida teenager accused of being the main culprit of the most significant privacy breach in Twitter’s history, has...

Bitmain’s Management Feud Is Finally Affecting Business Operations; AntMiners Shipments Delayed

Bitmain’s top-level struggles cause a three-month delay in Antminer hardware. Two mutually exclusive solutions offered to customers. The constant wrangling within the largest Bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today