Filecoin

Filecoin is a decentralized storage network that allows users to store and retrieve data securely.

What Is Filecoin (FIL)? Filecoin is a decentralized storage network that allows users to store and retrieve data securely through a blockchain-based marketplace.

A decentralized storage marketplace that transforms cloud storage into an open economy. Users pay providers for spare storage space, and Proof of Spacetime ensures data remains securely stored over time.

Decentralized File Storage: Used by clients to pay for long-term or permanent data storage and by providers as collateral to prove reliable hosting.

Storage Marketplace: Providers earn tokens by offering verified storage. Used to pay for decentralized storage, with cryptographic proofs (including Proof-of-Spacetime concepts) to verify long-term data retention.