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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Celebrating a Year of Incredible Growth and Innovation in Filecoin and @IPFS Hackathons!

1️⃣ Over 3,400 participants
2️⃣ More than 600 winning teams
3️⃣ A whopping $900k+ in prizes awarded

A huge thank you to all the builders who made this possible! 💙

Celebrating a Year of Incredible Growth and Innovation in Filecoin and @IPFS Hackathons. Over 3,400 participants.