Filecoin is a decentralized, open-source cloud storage system. It aims to solve resiliency and efficacy issues that challenge the web’s biggest centralized cloud storage providers, while allowing users to have greater access and control over their data. By relying on a network of operators instead of a single central server, Filecoin’s cloud storage is by its nature more resistant to censorship and denial of service attacks. Users can earn FIL, Filecoin’s native token, by mining (either “storage mining” or “retrieval mining”) and by storing data on the protocol.
What is Filecoin (FIL)?
Discover the key facts about Filecoin (FIL).
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Looking for more resources?
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
