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.

Filecoin news today, FIL crypto latest news of token ticker

Filecoin

🛜 Internet connection speeds double every 32 months.

💻 Processor speeds double every 18 months.

💾 Data storage capacity doubles every year. 🤯

The net result? -- 68% of enterprise data is unused. See why Decentralized Compute is the answer👇
https://filecointldr.io/article/decentralized-compute-what-it-unlocks-and-why-it-matters-now?utm_source=twitter&utm_medium=social&utm_campaign=decentralized-compute…

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Tech advances fast; data overflows—go decentralized for answers! 🌐🔒

Tech advances fast. data overflows—go decentralized for answers.