About Filecoin (FIL)
Filecoin is a decentralized storage network that allows anyone worldwide to participate as storage providers. It allows storage to be treated as a commodity or utility by separating hard-drive space from additional services. The pricing of storage on the network is determined by supply and demand, creating a robust global market. Miners on the network compete based on factors like reputation for reliability, as well as price.
About MultiversX (EGLD)
MultiversX, formerly known as Elrond, is a technology ecosystem for the new internet. It provides a smart contracts execution platform capable of handling 15,000 transactions per second (TPS), with a low latency of 5 seconds and a transaction cost of $0.001. MultiversX focuses on areas such as fintech, decentralized finance (DeFi), and the Internet of Things (IoT).
MultiversX offers the Maiar app, which provides an intuitive first-time blockchain experience with progressive security measures and a gamified approach to unlocking more features. The MultiversX Proof of Stake (PoS) economic model has a limited supply, and its token is called eGold, representing a digital store of value aimed at reaching the next billion users.
Key Points of Comparison
- Filecoin categories: DePIN, Alleged SEC Securities, Infrastructure, Storage
- MultiversX categories: Binance Launchpad, Protocol, Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem
Market Cap Rank
- Filecoin: 32
- MultiversX: 53
Price Change Percentage in the Last 30 Days
- Filecoin: 32% increase
- MultiversX: 23.84937% decrease