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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🗞️Filecoin News 71 is hot off the press 🔥 Here's a preview:
⬇️DSA Reduces Decentralized Storage Costs by 40%
🚀FVM Genesis Accelerator powered by @LongHashX & @protocollabs
💰Fund Public Goods Hackathon @FundingCommons
🇺🇸FIL Vegas, Oct 3-5

Check it out: https://twitter.com/filecoin/status/1689255716152827905?s=46&t=QKDRft99jmzfcio0x6K9dQ

Filecoin News 71 is hot off the press Here's a preview:. DSA Reduces Decentralized Storage Costs by 40%.