Filecoin

About Filecoin

Filecoin is a decentralized storage network that aims to create a global market for data storage. It allows anyone to participate as a storage provider, which can lead to economies of scale and make storage a commodity. The network decouples hard-drive space from additional services, and the price of storage is determined by supply and demand rather than corporate pricing. Miners compete on factors such as price and reputation for reliability.

• Filecoin's network allows anyone worldwide to become a storage provider, contributing to a global storage market.
• The network aims to make storage a commodity by decoupling hard-drive space from additional services.
• On Filecoin, storage prices are driven by supply and demand, not corporate pricing departments.
• Miners on Filecoin compete on reputation for reliability as well as price.