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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Explosive growth in the #Filecoin ecosystem!

1️⃣ Total data onboarded ⬆️ 4x in 2023
2️⃣ 2M TB of client data spanning research, higher education, & Web3
3️⃣ $0 to $165M in TVL since FVM launch in March, ~45% monthly growth
4️⃣ Compute over data & retrieval networks launched

Explosive growth in the #Filecoin ecosystem. Total data onboarded 4x in 2023.