Breaking all previous records , File-coin raised Initial coin offering of 200 million US Dollars in just 1 hour. There is a nice analysis from HACKED.COM
File-coin's Goal is to make data available widely and chaply and to repurpose wasted computational resources to useful task. At present File-coin storage service can be based on any distributed ledgers like Proof of stake based system but in future version they have purposed replacing Proof-OF-Work in consensus mechanism entirely.
They are also using zkSNARKS i.e ZERO-KNOWLEDGE SUCCINCT NON-INTERACTIVE ARGUMENTS OF KNOWLEDGE . This tech seems to be advance . As file-coin aims to reward the miners as they will be using bitcoin Network at initial.
