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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Decentralized storage prevails in Filecoin's Q1'23 report by @MessariCrypto: 

📈 5% increase in protocol revenue, up to 1.3M 
📊 581 PiBs stored on average, up 75% QoQ 
⬆️ 14% growth in daily new deals 
💾 Storage utilization up to 4%, up 105% QoQ 

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Decentralized storage prevails in Filecoin's Q1'23 report by @MessariCrypto:. 5% increase in protocol revenue, up to 1.