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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💫 Reflecting on 2023, the #Filecoin network soared with global events and tech breakthroughs. 🌟

Join us for Part II as we explore pivotal 2023 moments and preview groundbreaking ventures for 2024. ⚡️

🙂📖https://filecoin.io/blog/posts/2023-expanding-from-a-storage-network-to-enabling-open-services-for-data-part-ii/ 

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