Overview
Filecoin is a decentralized storage network designed to store humanity's most important information. It operates as an open-source, public cryptocurrency and digital payment system. Filecoin aims to provide a decentralized and efficient storage solution by allowing users to rent out their unused storage space. This creates a marketplace where users can store and retrieve data in a secure and verifiable manner. The underlying technology involves a novel proof-of-storage mechanism that ensures data integrity over time. Filecoin targets individuals, organizations, and developers seeking cost-effective and resilient data storage options, particularly those concerned with censorship resistance and data ownership.