Filecoin
by Protocol Labs
4/5
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Filecoin is a blockchain based marketplace that will connect storage seekers and hosts.
Average Rating1 Rating
Overall
4/5
How does this platform compare to similar blockchain file storage solutions?
4/5
How effective is this tool in encouraging blockchain adoption?
3/5
How secure do you think this platform is?
4/5
How scalable is this platform?
4/5
How likely are you to use this file storage solution in the next 5 years?
4/5
Company Details
- Protocol Labs
- https://filecoin.io
- Founded 2017
- Decentralized Cloud Storage Network
Token Stats
About Filecoin
Filecoin is developing a blockchain-based cloud storage solution. Filecoin tokens are used to power a marketplace for file storage that connects users through a bidding system. This pricing model is different from other blockchain storage solutions like Storj and Sia, that have set pricing for uploading files to their networks. Filecoin was created by Protocol Labs, a company with an established reputation for developing other network based storage solutions. They raised $205 million in a token sale. Filecoin has an innovative consensus mechanism that is a type of Proof-of-Storage, and is based on Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt). This hybrid consensus system allows users to verify that files have been allocated to their own unique space in storage memory, and are being stored for a specified period of time.
