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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📌 The FVM turned 1-year last month, and it’s a game-changer! Developers can now build innovative tools directly on the Filecoin network.

Head over to the latest article by Filecoin TLDR to see what FVM enables

🔗 https://filecointldr.io/article/update-defi-ecosystem-on-filecoin

The FVM turned 1-year last month, and it's a game-changer.