Files.fm Library | Cloud Storage for Your Files
Utilizing the blockchain technology to provide space for anyone to store files
Cloud Storage provides space in which data or information is stored on remote databases, instead of storing information to computers’ hard drives. The internet provides a connection between computers & databases. The Files.fm Library project uses cloud storage technology to provide space for you to store your files which contain valuable information.
The Files.fm Library is a cloud storage space. So, what can you store in the Files.fm Library? All the essentials! The things that you can store on that library are ranging from short video clips to complex software programs. Some examples include Images, Videos, Audios, Documents, Books & Software Programs. One of the most important features of the Files.fm Library is that you can control the availability & copyright of your files. This means that you can upload files that are useful for the public. If you think that you own the copyright of your own files, you can control the copyright of them. One available option is that you can set a price for views & downloads of your files. In this way, you can get some payments for your files. The Files.fm Library not only provides space for your files but also provides an opportunity to get some payments.
The technology behind the Files.fm Library
Let me discuss this topic by answering the following 3 questions.
What is the FFL in the Files.fm Library?
What is the FFM in the Files.fm Library?
Why does the Files.fm Library use the blockchain technology?
The FFL & FFM should be distinguished from each other. Simply speaking, the FFL is the network in the Files.fm Library. It has components such as cloud storage servers, P2P supernodes & end-user nodes. Users can store their files in the FFL network & share them with the community. On the other hand, the FFM is the utility token that has many use cases on the Files.fm Library platform. I will discuss the use cases later in this article. Before answering the 3rd question, I would like to give you a basic explanation of blockchain technologies & cryptographic algorithms for your better understanding of the concept.
Blockchain technology is a method for distributed transaction processing and storage. This should be distinguished from cryptocurrency which is a digital representation of apparent perceived value.
Blockchains consist of sets of transactions that are sealed within a “block” using cryptographic algorithms.
Blockchain transactions are maintained in a distributed ledger that is kept in conformity across the nodes in the network via consensus algorithms.
In the Files.fm Library platform, all transactions & licences are registered on a public ledger. The platform uses the Crypto Token (FFM token) to establish a blockchain-based payment system. A typical credit card transaction fee is 3%, but a blockchain-based transaction fee is 0.1%. In this way, the Files.fm Library platform uses the blockchain technology to reduce transaction costs.
Properties & use cases of the FFM token
The team of the Files.fm Library has developed a utility token which is known as the FFM Token. It is an ETH-based token that follows the ERC-20 standard. The token can be used for operations on the Files.fm Library Cloud Storage Platform. It has the following features.
Token Name: Files.fm Library
Token Symbol: FFM
Total Supply: 10 000 000 000 (10 billion)
Token Type: ERC-20 compatible utility token
The token has the following use cases.
The token allows users to participate in the Files.fm Library.
Users who contribute to maintaining the library will be rewarded with FFM tokens.
Users can spend the tokens to buy storage space, pro features & paid contents on the platform.
You can trade FFM tokens after listing them on popular exchanges.
The MVP of the Files.fm Library
The Files.fm Library already has a Minimum Viable Product (MVP). You can try it from your Windows, Linux, Mac, iOS or Android device. How to use it. First, you upload your files to your Files.fm Library account. Then you sell your files on Files.fm or your webpage. Finally, you will receive payments for sold files. Don’t wait, try it today at https://files.fm/sell-files#sign_up.
How will the Files.fm project be useful in the future?
This is the Big Data era. There are two new opportunities that have contributed to the launch of the big data era.
A growing data torrent:
This refers to the idea that data seems to be coming continuously at a fast rate. More storage is needed to store that data. The Files.fm project will give the solution in the future by providing more space.
Cloud computing:
Cloud computing is one of the ways in which computing has now become something that we can do anytime, and anywhere. You may be surprised to know that some of your favourite apps are from businesses being run from coffee shops. The Files.fm project will give the solution in the future by allowing users to run programs from the cloud anytime, and anywhere.
To summarize, a growing torrent of big data combined with computing capability anytime anywhere (cloud computing) with Files.fm has been at the core of supporting the big data era.
Final conclusion
I think this is a great project because the team is trying to solve real-world problems in the field of Cloud Storage (very limited storage, higher transaction costs, fewer benefits for the community, slow download speeds). The token has real use cases on the platform. When building the platform, the team mainly focuses on the convenience & usability of the platform. The team is attempting to integrating the blockchain technology into the system. The team already has a Minimum Viable Product (MVP). The new features will be added to that MVP in the future. So, there is a high probability to make a success of the project. It seems that the team members are working hard to achieve their goal. Let’s keep our attention on this exciting project.
Find out more information about the Files.fm Library project & its ongoing token sale
If you would like to know more about the Files.fm Library project, please refer to the following available resources or feel free to contact the team members on the following social media platforms.
#FilesfmLibrary #library #storage #crowdfunding #blockchain
Bitcointalk Account Username: rpromoditha
Biciontalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1835207;sa=summary