Filecoin is a blockchain-powered storage network designed to securely store and share important information. Unlike traditional cloud services like Amazon Web Services or iCloud, Filecoin is decentralized, meaning no single company controls the data.
  • Users pay with FIL tokens to store and retrieve files.
  • Miners earn FIL by providing storage space and ensuring data is safe.
  • A decentralized network ensures files are secure, accessible, and censorship-resistant.
Why is Filecoin Special?
  • More Secure – No central authority can control or restrict access.
  • Lower Costs – Storage is cheaper because anyone can offer space.
  • Incentive-Based – Miners are rewarded for storing data honestly.
Filecoin was introduced in 2014 as an incentive layer for IPFS (InterPlanetary File System), a system for peer-to-peer file sharing. It uses a blockchain with proof-of-replication and proof-of-spacetime to verify storage reliability.
With Filecoin, anyone can store data, creating a global, decentralized storage system that makes the web faster, safer, and more accessible.
Year of launch:
2020
Token Total Supply:
~1,960,000,000