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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👂Think your personal info is secure? The rise in data breaches worldwide is alarming, with users often facing the consequences.

Centralized data storage amplifies this risk, making it a prime target for hackers. For instance, in 2017, a single breach exposed 1.4 billion…

Think your personal info is secure. The rise in data breaches worldwide is alarming, with users often facing the consequences.