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 Virtual Machine: How It Works, What Use Cases It Unlocks, and Why It Matters

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FVM launched March 14 and we're already seeing the Filecoin ecosystem expand with hundreds of unique smart contracts. 

Read why FVM is such a significant and revolutionary network upgrade in this post from @lksbrssr.  👇

https://medium.com/tldrfilecoin/filecoin-virtual-machine-how-it-works-what-use-cases-it-unlocks-and-why-it-matters-10dd08f471c7