💟 Market Health (October-19) In this period, BTC is approaching the $64000 zone and it will take more time to conquer this zone. And in the past few days Altcoins are accumulating quite a lot but the price is still decreasing, so we can expect that in the next few days Altcoins will have rapid and strong price increases and it will be very difficult to buy these coins at good price range. Let's continue to accumulate according to our plan
💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
FIL is having a strong support at $70 and is continuing to move towards $95 and $140 this August. But if it loses the $70 zone, it will fall back to the $55 zone
📈RED PLAN 🔴Buy : 68.5-71.5$. SL if B
📉BLUE PLAN 🔴Sell : 93-97$. SL if A
🔴Sell : 137-143$. SL if A
🟣PURPLE PLAN 🔵Sell : 68.5-71.5$ if B. SL if A
🔵Buy : 53.5-56.5$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Filecoin utilizes idle hard drive space and bandwidth to provide data storage and retrieval services in an open market, allowing anyone to participate as a storage provider and to monetize spare hard drive capacity.
The Filecoin blockchain has a built-in self-healing process where faulty storage nodes are detected and their stored files are redistributed to reliable nodes.
The Filecoin network uses the FIL token to incentivize various node types to contribute to the network. Node types include:
Chain Verifier Node: Synchronizes the Filecoin blockchain and validates the latest blocks to reach a consensus state.
Client Node: Builds on top of a Chain Verifier Node and must be implemented by any application that is building on the Filecoin network.
Storage Miner Node: Forms contracts with clients to store data for a period of time. Storage Miner Nodes can earn FIL whenever new blocks are created, and by completing storage contracts and adding new messages to blocks.
Retrieval Miner Node: Forms contracts with clients to retrieve a particular set of data. Retrieval Miner Nodes earn FIL by completing data retrieval contracts. Retrieval Miner Nodes situated in a well-placed locations would earn more as they facilitate more transfers, and provide a better service due to lower latency.
FIL will also be used as a collateral for miners to participate in the Filecoin ecosystem. The collateral required will be proportional to the storage spaceprovided by miners. Filecoin has three different collateral mechanisms:
Inital Pledge Collateral: Direct upfront collateral to participate in the economy. This collateral will be slashed if the miner is found to have acted maliciously.
Block Reward Collateral: To reduce upfront collateral, block rewards are also used as collateral, block rewards for miners are subject to slashing in the event that a sector is terminated before its expiration.
Storage Deal Collateral: Storage provided by the storage provider to collateralize deals.
Filecoin uses two proofsystems to verify secure data storage: