Filecoin

fil

Filecoin (FIL) is a leading decentralized storage network designed to store humanity’s most important information, positioning itself as core Web3 infrastructure. As a Layer 1 (L1) blockchain, it transforms cloud storage into an incentivized, hypercompetitive marketplace, allowing anyone to participate as a storage provider. Filecoin leverages cryptographic proofs like Proof-of-Spacetime and Proof-of-Replication to ensure data integrity and security. Its foundational technology builds upon IPFS, adding an incentive layer for persistent storage. With the Filecoin Virtual Machine (FVM), Filecoin becomes a programmable smart contract platform, enabling developers to deploy EVM-compatible contracts and WASM actors. This unlocks diverse use cases such as Data DAOs, perpetual storage, DeFi services for storage providers, decentralized compute, and L2 networks. The fil token serves as utility for storage deals, payments, and as a store of value within this expansive DePIN ecosystem.

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