Filecoin () is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method.[1][2][3][4] It is made by Protocol Labs and shares some ideas from InterPlanetary File System[5] allowing users to rent unused hard drive space.[6] A blockchain mechanism is used to register the deals.[7] Filecoin is an open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain's native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.[8]

Prevailing filecoin logo
Prevailing filecoin logo
Original author(s)Protocol Labs and Juan Benet
White paper"Filecoin: A Decentralized Storage Network", 2017-07-19
"Filecoin: A Cryptocurrency Operated File Storage Network", 2014-07-15
Implementation(s)go-filecoin, lotus, forest
Initial release15 July 2014 (9 years ago) (2014-07-15)
Code repository

History edit

The project was launched in August 2017, and raised over $200 million within 30 minutes.[7][9]

Philanthropy edit

In April 2021, the Filecoin Foundation donated 50,000 filecoins worth $10,000,000 to the Internet Archive.[10] In addition, Internet Archive's founder Brewster Kahle and director of partnerships Wendy Hanamura joined the boards of advisors of Filecoin and the Filecoin Foundation for the Decentralized Web.[11]

Network total storage power edit

As of November 2023, the total storage capacity was 25 EiB,[12] and total data stored was 2.0 EiB.[13]

See also edit

References edit

  1. ^ "Showdown in the Cloud: Dropbox IPO, Meet the Filecoin ICO". Observer. 2017-07-11. Retrieved 2017-08-11.
  2. ^ Tepper, Fitz (10 August 2017). "Filecoin's ICO opens today for accredited investors after raising $52M from advisers | TechCrunch". Retrieved 2017-08-11.
  3. ^ Vigna, Paul (2017-08-11). "Latest Hot Digital Coin Offering: $187 Million in One Hour for Filecoin". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-08-11.
  4. ^ "Investors poured millions into a storage network that doesn't exist yet". Ars Technica. Retrieved 2017-08-11.
  5. ^ "IPFS and Filecoin". Filecoin Docs. Archived from the original on 2022-09-05. Retrieved 2022-09-05.
  6. ^ Johnson, Steven (2018-01-16). "Beyond the Bitcoin Bubble". The New York Times. Retrieved 2018-09-26.
  7. ^ a b Corbyn, Zoë (2018-09-08). "Decentralisation: the next big step for the world wide web". The Observer. ISSN 0029-7712. Retrieved 2019-10-05.
  8. ^ Bravo-Marquez, Felipe; Ugarte, Martin; Reeves, Steve (April 2009). "Proof-of-Learning: a Blockchain Consensus Mechanism based on Machine Learning Competitions". 2019 IEEE International Conference on Decentralized Applications and Infrastructures (DAPPCON). 2019 IEEE International Conference on Decentralized Applications and Infrastructures (DAPPCON). p. 119-124. doi:10.1109/DAPPCON.2019.00023. hdl:10289/12900. ISBN 978-1-7281-1264-0. S2CID 199440961. Retrieved 27 September 2022.
  9. ^ "What are initial coin offerings?". The Economist. 2017-08-21. ISSN 0013-0613. Retrieved 2019-10-05.
  10. ^ Hanamura, Wendy (2021-04-01). "Filecoin Foundation Grants 50,000 FIL to the Internet Archive". Internet Archive Blogs. Retrieved 2022-09-28.
  11. ^ Thu, Apr 8th 2021 3:39pm-Mike Masnick (8 April 2021). "Filecoin Foundation Donates $10 Million Worth Of Filecoin To Internet Archive". Techdirt. Retrieved 2021-04-15.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ^ "Filfox Explorer". Retrieved 2023-07-05.
  13. ^ "Filecoin Storage Stats". Retrieved 2023-05-03.

External links edit