• Project basic information

Issue Time：2017-10-15

Total Supply：106.980.690

Circulation ：106.980.690

White paper：https://filecoin.io/filecoin.pdf

Website：https://filecoin.io

Block Explorer：https://filfox.info/en

•  Project Introduction

Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. Themarket runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earnby providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distributedata. As with Bitcoin, Filecoin miners compete to mine blocks with sizable rewards, but Filecoin miningpower is proportional to active storage, which directly provides a useful service to clients (unlike Bitcoinmining, whose usefulness is limited to maintaining blockchain consensus). This creates a powerful incentive for miners to amass as much storage as they can, and rent it out to clients. The protocol weaves these amassed resources into a self-healing storage network that anybody in the world can rely on. The network achieves robustness by replicating and dispersing content, while automatically detecting and repairing replica failures. Clients can select replication parameters to protect against different threat models. The protocol’s cloud storage network also provides security, as content is encrypted end-to-end at the client, while storage providers do not have access to decryption keys