Article • Oct 25, 2023
Filecoin: A Decentralized Data Storage Solution for the Future
Summary
- Filecoin is a cryptocurrency that allows users to lease out extra storage space and store and retrieve data securely.
- The unique features of Filecoin, such as the Proof-of-Replication and Proof-of-Spacetime verification techniques, contribute to its profitability and efficiency.
- FIL crypto serves as an incentive for miners and data owners, ensuring the network's functionality and providing users with control over their data.
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