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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Congratulations to the @CollectifDAO team --  10,000 FIL locked and distributed to Storage Providers for pledging 1 PiB of Quality-Adjusted-Power (QAP)! 🔥🏆💙

🔗Post: https://twitter.com/FilecoinTLDR/status/1696601730425786794?s=20