- Launched: 2017
- Creator: Juan Benet and Protocol Labs
- Purpose: Filecoin is a decentralized storage network that allows users to rent out unused hard drive space to store files.
- Features:
- Decentralized File Storage: Filecoin allows individuals and businesses to rent out their unused disk space to help store data in a secure and decentralized way.
- Proof of Replication and Proof of Spacetime: These mechanisms ensure the integrity and availability of stored data.
- Use Cases: Decentralized cloud storage, secure file hosting, and archival storage.
- Status: Filecoin is one of the leading decentralized storage projects and has the potential to disrupt traditional cloud storage providers.
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