Testing of New Technology in Space Communications by Filecoin

By Bernard Nicolai Jan 16, 202436Views

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The Filecoin Foundation has successfully deployed the InterPlanetary File System (IPFS), which could revolutionize space communications. Despite this achievement, the price of Filecoin’s native token, FIL, has remained stagnant. The collaboration with Lockheed Martin showcased the potential of decentralized technologies in space, particularly in enhancing long-distance and challenging environment communications. The mission involved transmitting files using a space-adapted version of IPFS on Lockheed Martin’s SmartSat technology. IPFS assigns unique identifiers to content pieces, improving data verification, and enhances data resilience by allowing storage across multiple locations. However, there has been minimal response in the finance market to these advancements. FIL continues to trade within a narrow range, encountering resistance in its pricing trends. To reverse this trend and start an upward trajectory, FIL must break through the $7 resistance level.

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Bernard Nicolai

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