A decentralized, cost-effective, censorship-resistant, and robust storage network
Filecoin is an innovative infrastructure that stores your most important information in a safe, affordable, and decentralized way. As concerns grow over the existing problems of centralized cloud storage services, including data leaks, Filecoin emerges s to bring users a potentially more secure, decentralized, and yet cost-efficient solution.
Summary:
- Filecoin is a decentralized storage network that transforms cloud storage into an algorithmic storage marketplace.
- The decentralized ecosystem by Filecoin is censorship-resistant, cost-effective, open-source, and community-driven.
- The FIL token facilitates and stimulates the Filecoin economy.
In October 2018, Facebook was fined £500,000 for its role in the Cambridge Analytica scandal, in which data from 87 million users leaked and was misused in political campaigns. When data storage relies on a centralized entity, incidents such as data breaches…
