Filecoin

Filecoin postponed launch of the final phase of the project’s test network

The Filecoin decentralized file storage project has postponed the launch of the final blockchain-based storage network testing phase.

In a blog post on its website, Filecoin reports that it is postponing the launch of the final testing phase for two weeks until August 3. The project also announced a debugging period from July 20 to August 3, which will allow miners to test their settings and get an idea of ​​how competition conditions will affect their rewards.

At the beginning of last month, Filecoin announced that the test network will precede the launch of the main network, which was planned to be implemented this summer. However, the delay in the final testing means that the project is also forced to change the launch dates of the main network, which can now take place from August 31 to September 21.

Despite the lack of incentives for miners and numerous delays, Filecoin managed to attract significant attention to its project, especially in China. Recall that the regulated sale of Filecoin tokens brought the project $ 257 million in 2017. This was the first campaign based on SAFT – recommendations issued by the US Securities and Exchange Commission (SEC). 

A year later, Filecoin announced that the main network of the project will be launched in 2019. However, since then the launch of the main network has been repeatedly delayed. The last time this happened in February this year, when the developers announced the postponement of the launch of the main project network in mid-July.

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