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

Telegram

🔼The scale of data stored on #Filecoin is truly remarkable, representing a significant milestone in decentralized storage solutions, with 1816 total clients.

For perspective, consider that 1 PiB of data is equivalent to storing 1 million high-resolution movies.

😘 Follow Filecoin on X for the latest updates.