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A brief for anyone wondering what Filecoin is: > Filecoin is a decentralized storage network that turns the world’s unused storage into an algorithmic market,
by miguelmota 8y ago
A brief for anyone wondering what Filecoin is:
> Filecoin is a decentralized storage network that turns the world’s unused storage into an algorithmic market, creating a permanent, decentralized future for the web. Miners earn the native protocol token (also called “filecoin”) by providing data storage and/or retrieval. Clients pay miners to store or distribute data and to retrieve it.
Filecoin is a project of Protocol Labs which also created the DAG based hypermedia protocol IPFS.
- baby 8y agoIf you add compression, it is pied piper.
- Geee 8y agoExcept FileCoin is Hooli and Sia(Coin) is Pied Piper. They're essentially reinventing Sia with money. https://sia.tech/ https://sia.tech/
- random_kris 8y agohow so? Sia has it's own token aswell
- gammateam 8y agoProtocol Labs wont integrate filecoin use into IPFS?
- miguelmota 8y agoFilecoin is essentially IPFS with incentives for data retention and distribution.
- gammateam 8y agoGiven that so many people do it all for free with very good uptime and connectivity, do you think Filecoin will be something consumers want?
- momack2 8y agoSee the Filecoin FAQs (https://filecoin.io/faqs/#what-is-the-connection-between-ipfs-and-filecoin https://filecoin.io/faqs/#what-is-the-connection-between-ipf...) for more information on how IPFS and Filecoin interoperate.