Filecoin is a Decentralized Physical Infrastructure Network (DePIN) that provides a revolutionary decentralized storage system designed to “store humanity’s most important information.” Launched in 2020 by Protocol Labs, Filecoin acts as an incentive layer for the InterPlanetary File System (IPFS), a peer-to-peer storage network.
Through its innovative blockchain technology and the $FIL token, Filecoin allows users to store, retrieve, and share data across a global network of miners, ensuring data security, accessibility, and decentralization. Its dual consensus model—Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt)—ensures trustless and efficient storage and retrieval.
Filecoin operates in the decentralized storage sector, addressing the inefficiencies of traditional cloud services. Its key functionalities include:
With over 20,000 nodes worldwide, Filecoin is a pioneer in building a robust decentralized storage network.
The $FIL token serves as the backbone of the Filecoin ecosystem, offering the following utilities:
Filecoin’s tokenomics promote a competitive and efficient decentralized storage market while ensuring data integrity and availability.
Filecoin is a groundbreaking DePIN project that redefines data storage by providing a decentralized, secure, and scalable alternative to traditional cloud services. Verified in the Storage category, Filecoin leverages blockchain technology to enable transparent storage markets, incentivize network participants, and empower individuals to control their data.
With its innovative use of the $FIL token, a global network of nodes, and seamless integration with IPFS, Filecoin is a cornerstone of the decentralized storage ecosystem, offering solutions that are efficient, reliable, and future-ready.
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