Filecoin

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Short description: Open-source, public cryptocurrency
Filecoin
Prevailing filecoin logo
Prevailing filecoin logo
Denominations
Pluralfilecoins
Symbol⨎
Ticker symbolFIL
Subunits
Development
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 (10 years ago) (2014-07-15)
Code repositoryhttps://github.com/filecoin-project
Websitefilecoin.io
Part of a series on
File sharing
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Academic/scholarly
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Development and societal aspects
By country or region
Comparisons

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]

History

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

Philanthropy

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

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

See also

References

  1. ↑ "Showdown in the Cloud: Dropbox IPO, Meet the Filecoin ICO" (in en-US). Observer. 2017-07-11. http://observer.com/2017/07/dropbox-ipo-filecoin-ico/. 
  2. ↑ Tepper, Fitz (10 August 2017). "Filecoin's ICO opens today for accredited investors after raising $52M from advisers | TechCrunch". https://techcrunch.com/2017/08/10/filecoins-ico-opens-today-for-accredited-investors-after-raising-52m-from-advisers/. 
  3. ↑ Vigna, Paul (2017-08-11). "Latest Hot Digital Coin Offering: $187 Million in One Hour for Filecoin" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/latest-hot-digital-coin-offering-187-millionin-one-hourfor-filecoin-1502481514. 
  4. ↑ "Investors poured millions into a storage network that doesn't exist yet" (in en-us). Ars Technica. https://arstechnica.com/information-technology/2017/08/investors-poured-millions-into-a-storage-network-that-doesnt-exist/. 
  5. ↑ "IPFS and Filecoin" (in en-us). https://docs.filecoin.io/about-filecoin/ipfs-and-filecoin/. 
  6. ↑ Johnson, Steven (2018-01-16). "Beyond the Bitcoin Bubble" (in en). The New York Times. https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html. 
  7. ↑ 7.0 7.1 Corbyn, Zoë (2018-09-08). "Decentralisation: the next big step for the world wide web" (in en-GB). The Observer. ISSN 0029-7712. https://www.theguardian.com/technology/2018/sep/08/decentralisation-next-big-step-for-the-world-wide-web-dweb-data-internet-censorship-brewster-kahle. 
  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. ISBN 978-1-7281-1264-0. https://ieeexplore.ieee.org/document/8783030. Retrieved 27 September 2022. 
  9. ↑ "What are initial coin offerings?". The Economist. 2017-08-21. ISSN 0013-0613. https://www.economist.com/the-economist-explains/2017/08/21/what-are-initial-coin-offerings. 
  10. ↑ Hanamura, Wendy (2021-04-01). "Filecoin Foundation Grants 50,000 FIL to the Internet Archive" (in en-US). http://blog.archive.org/2021/04/01/filecoin-foundation-grants-50000-fil-to-the-internet-archive/. 
  11. ↑ Thu, Apr 8th 2021 3:39pm-Mike Masnick (8 April 2021). "Filecoin Foundation Donates $10 Million Worth Of Filecoin To Internet Archive". https://www.techdirt.com/articles/20210404/18351646551/filecoin-foundation-donates-10-million-worth-filecoin-to-internet-archive.shtml. 
  12. ↑ "Filfox Explorer". https://filfox.info/en. 
  13. ↑ "Filecoin Storage Stats". https://storage.filecoin.io/. 

External links



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