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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RT @FilecoinTLDR: The State of @Filecoin in Q4 by @MessariCrypto was released. Here's the TL;DR...

📈 Active deals went up 117% QoQ, and 17…

The State of @Filecoin in Q4 by @MessariCrypto was released. Here's the TL;DR...

📈 Active deals went up 117% QoQ, and 1798% YoY
🤝 99.5% of new deals were FIL+, which means more useful data stored
🛠️ 600+ projects are now building on Filecoin

🔗 https://t.co/3cWW0b5HH5 https://t.co/aKTk7B3Vkx

RT @FilecoinTLDR: The State of @Filecoin in Q4 by @MessariCrypto was released. Here's the TL.