Filecoin is a blockchain platform focused on decentralized data storage with built—in economic incentives for users. It is one of the main infrastructure projects of the Web 3 direction. The security and verification of data stored in the Filecoin network is provided by two consensus algorithms at once: Proof of Spacetime (PoSt) and Proof Of Replication (PoRep). Miners on the Filecoin network are responsible for storing and providing data.

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$100M worth of FIL staked on @glifio in less than a year since FVM launch! Kudos👏

Early Christmas @Filecoin 🎄

$100M worth of FIL staked on @glifio in less than a year since FVM launch. Kudos. Early Christmas @Filecoin.