Filecoin

Filecoin is a peer-to-peer network that stores files, with built-in economic incentives to ensure files are stored reliably over time.

In Filecoin, users pay to store their files on storage providers. Storage providers are computers responsible for storing files and proving they have stored the files correctly over time. Anyone who wants to store their files or get paid for storing other users' files can join Filecoin. Available storage, and the price of that storage, is not controlled by any single company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in.

Filecoin includes a blockchain and native cryptocurrency (FIL). Storage providers earn units of FIL for storing files. Filecoin’s blockchain records transactions to send and receive FIL, along with proofs from storage providers that they are storing their files correctly.

Earn Filecoin for hosting files

Put your unused storage to work by becoming a Filecoin miner. Use the Filecoin mining software to get paid for fulfilling storage requests on the Filecoin market.

Exchange Filecoin for USD, BTC, ETH and more

The Filecoin currency will be traded on a number of exchanges and supported by multiple cryptocurrency wallets, allowing you to easily exchange Filecoin for other currencies like US Dollars, Bitcoin, and Ether.

Reliably store files at hypercompetitive prices

Clients can tune their storage strategy to suit their needs, creating a custom balance between redundancy, speed of retrieval, and cost. The worldwide Filecoin storage and retrieval markets make vendors compete to give you flexible options at the best prices.

New Blockchain, New Breakthroughs

• Data stored in secure Sectors
Strong end-to-end encryption, at rest. Erasure coded, for redundancy and self-healing.

• Competitive Storage Market
Asks and Bids visible and fair to everyone. Get the best prices & guarantees, worldwide.

• Decentralized and Verifiable Storage
Proof-of-replication to verify storage. Proof-of-space-time for mining blocks.