Convert Filecoin to Chainlink Price Calculator & fil vs. link Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Filecoin and Chainlink can be challenging. Our dedicated Filecoin to Chainlink price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of fil vs. link. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 Filecoin (fil) == 0.31601208459215 Chainlink (link).
Rate : 0.31601208459215

Filecoin (fil) Price: 5.23$
Chainlink (link) Price: 16.55$

Comparison and Review: Filecoin vs Chainlink

Filecoin

Symbol: FIL

Market Cap Rank: 32

Price Change Percentage (30 days): 32%

Asset Platform: Not specified

Categories: DePIN, Alleged SEC Securities, Infrastructure, Storage

Description:

The Filecoin network aims to achieve economies of scale by allowing global participation as storage providers. It decouples hard-drive space from additional services, making storage function as a commodity or utility. Through a robust global market, the price of storage on Filecoin is determined by supply and demand, rather than corporate pricing departments. Miners on the network compete based on factors like reputation for reliability and price.

Chainlink

Symbol: LINK

Market Cap Rank: 23

Price Change Percentage (30 days): -10.32%

Asset Platform: Ethereum

Categories: Business Services, Infrastructure, Smart Contract Platform, Decentralized Finance (DeFi), Oracle, Polkadot Ecosystem, BNB Chain Ecosystem, Solana Ecosystem, Polygon Ecosystem, Gnosis Chain Ecosystem, Arbitrum Ecosystem, Avalanche Ecosystem, Harmony Ecosystem, Cardano Ecosystem, Near Protocol Ecosystem, Fantom Ecosystem, Edgeware Ecosystem, Optimism Ecosystem, Ethereum Ecosystem

Description:

Chainlink provides a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. The DONs offered by Chainlink provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API. Chainlink's main objective is to ensure the reliability and tamper-proof nature of external information and off-chain computations used in smart contracts.

Comparison

Asset Platform

Filecoin does not specify its asset platform, while Chainlink operates on the Ethereum platform.

Categories

Filecoin falls under the categories of DePIN, Alleged SEC Securities, Infrastructure, and Storage. Chainlink, on the other hand, has a wide range of categories, including Business Services, Infrastructure, Smart Contract Platform, Decentralized Finance (DeFi), Oracle, and several ecosystem categories such as Polkadot, BNB Chain, Solana, Polygon, and more.

Market Cap Rank and Price Change

As of now, Chainlink has a higher market cap rank than Filecoin, standing at 23 compared to Filecoin's rank at 32. In terms of price change over the past 30 days, Filecoin has seen a positive change of 32%, while Chainlink has experienced a negative change of -10.32%.

Functionality

Filecoin primarily focuses on providing a decentralized storage network, incentivizing storage providers and allowing anyone to participate. Chainlink, on the other hand, specializes in building Decentralized Oracle Networks (DONs) that bring real-world data into smart contracts, enabling hybrid smart contracts with reliable off-chain information and computations.

Conclusion

Filecoin and Chainlink offer distinct functionality within the blockchain space. Filecoin focuses on decentralized storage, aiming to create a global market for storage providers. In contrast, Chainlink provides decentralized oracle services, ensuring the reliability and tamper-proof nature of external information and off-chain computations used in smart contracts. Both projects have their unique use cases and potential for innovation in their respective domains.