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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➕ @BVMnetwork has integrated #Filecoin as its storage layer, thanks to @LighthouseWeb3! This integration marks a significant enhancement for Bitcoin Layer 2 solutions powered by BVM and Filecoin, offering improved security and scalability.

BVM can now use Filecoin’s decentralized storage to archive transaction records, simplifying Bitcoin developer indexing through @LighthouseWeb3 Node Aggregators.

Build your Bitcoin L2 now with BVM and Filecoin: https://x.com/filecoin/status/1766150588486565958?s=46&t=QKDRft99jmzfcio0x6K9dQ

@BVMnetwork has integrated #Filecoin as its storage layer, thanks to @LighthouseWeb3.