A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network. A proposal to change Ethereum’s fee structure has been in the pipeline since first being suggested in April 2019. A surge in network fees in recent months has brought the spotlight back on to EIP 1559, and it is being trialled on the digital storage platform Filecoin. Ethereum co-founder, Vitalik Buterin, tweeted an update as more information and research is piled into the proposed upgrade. In case you missed it: recent writing on fee market reform (EIP 1559) …

Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch. As promised, Filecoin will start its testnet launching competition. It encourages global miners for the next three weeks to be competing for up to four million Filecoin in prizes to onboard as much storage space to the network as possible, says the report. The contest begins on August 24 at 10 pm UTC. The top 100 miners globally, and the top 50 miners from each continent, will use the earned Filecoin rewards to jump-start their mainnet mining efforts …

After releasing details of its testnet competition several days ago, Filecoin business development staff Angie Maguire said the project's mainnet is on pace for this summer. "The Filecoin mainnet is on track for our launch window July 20 to Aug. 20," Maguire told Cointelegraph via email correspondence on June 10, pointing back to the project's public roadmap. Filecoin will run a testnet competition, starting soon Filecoin, a blockchain-based data storage project, announced its upcoming testnet competition on June 10, prior to its upcoming mainnet launch. Meant to work out the kinks in the network prior to mainnet launch, the testnet …

Blockchain-based decentralized data storage solution Filecoin unveiled its testnet recently, complete with a competition. In an act of network experimentation, Filecoin's test network will host a three week mining contest worldwide, with 4 million of the project's FIL tokens up for grabs as prize funding, according to a June 10 statement provided to Cointelegraph. Mainnet — the final frontier A product of tech firm Protocol Labs, Filecoin garnered $257 million during its 2017 Initial Coin Offering, or ICO. Filecoin has completed other trials prior to the testnet unveiling, the statement detailed. The project also transitioned into Proof-of-Replication, or PoRep, consensus, …

After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution. Filecoin will send ICO participants their FIL coins on Gemini’s custody platform after the project’s expected Q3 launch, Gemini said in a Feb. 25 announcement. A file storage solution The Filecoin project is a decentralized storage system based in the cloud. Its InterPlanetary File System, or IPFS, requires FIL coins as payment to miners in exchange for storage space. “Filecoin believes this decentralized model will reduce storage costs and offer a compelling alternative …

Decentralized file hosting protocol Filecoin announced in a post published on its blog on Sept. 24, that its alphanet will be launched tomorrow, testnet on Dec. 11 and mainnet in Q1 2020. “These windows are best estimates” However, the Filecoin team acknowledges that “these windows are best estimates, and could potentially slide.” Per the announcement, this year the project’s team open-sourced the Filecoin implementation written in Go, launched the first public development networks and put multiple implementations of the protocol in development. The current focus of the team is reportedly refining the protocol design, finalizing cryptographic proof construction, launching long-running …

In the financial industry, you know you’re becoming increasingly popular when the US Security Exchange Commission, or SEC, is looking to regulate what you do. That’s the current state of the Initial Coin Offering, or ICO, market. The SEC ruled in July that some of the “coins” being sold are securities, making them subject to regulations. The attention of the SEC prompts the question: just how big is the ICO market? Let’s take a look at the biggest ICOs so far — and how they happened. Filecoin: $250 mln and still counting Blockchain data storage network Filecoin began its initial …

A recent report from CNBC has indicated that the amount of funds raised by ICOs had passed the total early stage VC funding for internet companies. In July alone, ICOs raised just over $300 mln, while the total for VC and early angel funding was just over $200 mln. According to ICOBox, the ICO startup platform, more than $1.3 bln has been raised via ICOs. #ICO market is undergoing explosive growth: since the start of 2017 companies developing various #blockchain projects raised $1.366 billion. — ICObox (@icobox_io) August 11, 2017 The explosive growth through 2017 has pushed ICOs past the …

The recent SEC ruling that Initial Coin Offerings (ICOs) will have to comply with securities registration laws (if the tokens they are selling are considered equity) has resulted in apprehensions that ICOs may dry up in the US. However, Filecoin has raised $52 mln in a pre-ICO sale, as a prelude to what is claimed to be a SEC compliant ICO. What is Filecoin? Filecoin, developed by Protocol Labs, is a decentralized storage network. The network is expected to give owners of unused storage a means to monetize their storage capacity. It is also expected to bring down the costs …