Today, 06:55 AM
Filecoin explained: decentralized storage that pays you.
Why store data with tech giants when you could store it everywhere and nowhere at once? In this video, we break down Filecoin's vision for decentralized storage.
From its record-breaking ICO to real-world applications like NFTs.Storage and Internet Archive partnerships, discover why Filecoin could reshape how the internet stores data.
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Chapters:
- What Filecoin is and why storage matters
- Centralised vs decentralised cloud storage
- Filecoin’s development and launch
- Filecoin’s early growth and visibility
- How Filecoin verifies data storage
- Collateral and incentives in the Filecoin network
- Real-world Filecoin use cases
- Network capacity vs utilisation
- Technical challenges of participation
- Key takeaways about Filecoin
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- Key highlights
- Filecoin enables decentralised data storage using blockchain technology
- Storage providers compete instead of setting fixed prices
- Data storage is verified through cryptographic proofs
- Major platforms already use Filecoin for long-term data storage
Adoption challenges remain despite strong network capacity.