Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called âFilecoinâ), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.
FileCoin (FIL) Features
Technology Specifics for FileCoin (FIL)
FileCoin (FIL) uses the N/A algorithm and relies on the N/A proof type.