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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🔓 Secure, scalable, unstoppable: that’s #Filecoin.

In 2023, Filecoin’s stored data volume skyrocketed by 3.8x, reaching a whopping 1,800 PiB with significant contributions from non-Web3 players.

How large do you think Filecoin’s data storage will be by the end of 2024?

https://x.com/filecoin/status/1759743281468998056?s=46&t=QKDRft99jmzfcio0x6K9dQ

Secure, scalable, unstoppable: that's #Filecoin. In 2023, Filecoin's stored data volume skyrocketed by 3.