Hi we’re Filecoin!
When a user place a request on the network to store data, miners will send offers stating how much they wish to receive in order for the data to be stored on their hardware. This creates a global decentralized marketplace for data storage.
Protocol Labs initially proposed the Filecoin network in July 2014, and the design was substantially improved in early 2017.
The Filecoin network uses a consensus algorithm called Proof of Space Time (PoST). This algorithm is similar to the Proof of Work (PoW) algorithm, but instead of investing in electricity consumption, miners invest in hardware storage. The more you storage capacity a miner supplies to the network, the more likely it is that this miner will win the right to update the next block on the blockchain.
To be a blockchain-based cooperative digital storage and data retrieval method
Slogan / Motto
A Decentralized Market for Storage
Customers / Partners
Filecoin Launches Decentralized Storage Service for NFTs
NFT.Storage, a new service created by Filecoin and Pinata, aims to preserve the integrity of non-fungible tokens.
12 days ago
Hear From Coinbase, Binance, Mark Cuban, Edward Snowden at Ethereal Summit 2021: Agenda Now Live
Chainlink, Filecoin, Aave, Compound, FTX, Nifty Gateway, and Zora are among the organizations at this year's Ethereal. You won't want to miss it.
16 days ago
Filebase Raises $2 Million to Make Decentralized Storage as Easy as AWS
Decentralized storage protocols like Filecoin and Sia aren't quite as user-friendly as Amazon Web Services. For Filebase, that's a business opportunity.
25 days ago
What’s behind China’s Filecoin hype?
Quick Take People’s Daily, the mouthpiece of the Chinese Communist Party, recently praised decentralized data storage protocol IPFS by name. Some government officials have also been touting IPFS and its complementary protocol, Filecoin. What’s behind the hype?
a month ago
An overview of decentralized storage networks
Quick Take Decentralized storage networks have the potential to expand existing blockchains’ capabilities. Incentive mechanisms are the main component of decentralized storage networks. At the moment, Filecoin is experiencing an excess supply, which is why storage miners store useless files. Arweave offers permanent storage thanks to its innovative incentive system.
a month ago