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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Filecoin

Juan Benet

Filecoin Master Plan

The Filecoin Master Plan:
1️⃣  Build the world's largest decentralized storage network
2️⃣  Onboard &amp; safeguard humanity's data
3️⃣  Bring compute capabilities to the data and enable web-scale apps

Watch @juanbenet share this vision at FILSingapore: https://t.co/VnZDLfQV4V https://t.co/UNqiKT1vp8

The Filecoin Master Plan:. Build the world's largest decentralized storage network. Onboard & safeguard humanity's data.