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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Thanks to all of you for making Filecoin one of the fastest growing L1 protocols! 🙌

500k followers! 🥳

https://twitter.com/filecoin/status/1650485498643718144?s=46&t=QKDRft99jmzfcio0x6K9dQ

Thanks to all of you for making Filecoin one of the fastest growing L1 protocols. 500k followers.