Why is Filecoin different?
1. Decentralization
Unlike traditional storage services, Filecoin does not rely on a single company or data center. Instead, it uses a distributed network of storage providers, making it less prone to interruptions, censorship, or data breaches.
2. Cost-effectiveness
Filecoin creates a competitive storage market where providers can set their own prices. This competition can lower storage costs compared to centralized services.
3. Open and Transparent
The network is open to anyone with internet access, and all transactions are recorded on the blockchain. This transparency can build trust and allow users to verify the integrity of the system.
4. Participation
Incentives allow anyone with extra storage space to join the network and earn FIL tokens. This democratizes data storage and enables individuals and small businesses to participate in the digital economy.
