Filecoin protocol
Overview
Filecoin is a decentralized storage network that operates as a peer-to-peer marketplace for data storage and retrieval. It uses a blockchain with consensus mechanisms including proof-of-replication and proof-of-spacetime to verify that storage providers are correctly storing data. It is categorized as a DePIN (Decentralized Physical Infrastructure Network) protocol.
Within the DeFi Intel graph, Filecoin connects to 17 tracked entities, most strongly to DePIN Sector, Protocol Labs, FIL.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 17 total).
| Relation | Connected entity | Confidence |
|---|---|---|
MEMBER_OF | DePIN Sector | 95% |
founded | Protocol Labs | 95% |
ISSUES_TOKEN | FIL | 95% |
BUILDS | Protocol Labs | 95% |
issued_by | FIL | 95% |
integrates | InterPlanetary File System | 95% |
deployed_on | Filecoin | 95% |
EXTENDS | Filecoin Virtual Machine (FVM) | 95% |
deployed_on | Filecoin | 90% |
supports_token | FIL | 90% |
More on Filecoin
In-depth guides on Filecoin
Frequently asked questions
What is Filecoin?
Filecoin is a decentralized storage network that allows users to rent out unused storage space or pay to store data, with the network's integrity verified via blockchain-based proofs.
How does Filecoin ensure data is actually stored?
Filecoin uses cryptographic proofs—specifically proof-of-replication and proof-of-spacetime—that storage miners must submit to the network to verify they are storing the data correctly over time.
What is the FIL token used for?
The FIL token is the native cryptocurrency of the Filecoin network, used to pay for storage and retrieval fees and to incentivize storage providers.
What is Filecoin connected to?
In the DeFi Intel knowledge graph, Filecoin is linked to 17 other tracked entities, most strongly to DePIN Sector, Protocol Labs, FIL.
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