Filecoin (FIL) is a digital currency that operates on a decentralized storage network built on blockchain technology. It is designed to be a means of storing and retrieving data securely and efficiently. Filecoin enables users to rent digital storage space on the network from storage providers in exchange for paying a fee using the FIL coin. This process allows users to store data in a distributed and decentralized manner, ensuring greater privacy and data security.
The most important features of Filecoin are:
1. Distributed storage: Instead of relying on centralized cloud storage companies, Filecoin uses a decentralized system to store data.
2. Security: Thanks to the use of blockchain technology, transactions and storage on the network are secured.
3. Reward economy: Storage providers are incentivized with rewards in the form of FIL coin when they provide storage space.
Filecoin is part of the developments in the field of decentralized cloud storage and works to reduce reliance on large centralized storage companies such as Google and Amazon.
