Filecoin

Filecoin is a decentralized cloud storage network that facilitates the storage, retrieval, and sharing of digital information. The company provides a platform for users to rent out their unused hard drive space to others seeking to store information. Filecoin's blockchain-based technology ensures secure and efficient storage and retrieval with user-controlled access to data. This peer-to-peer network aims to create a more decentralized and cost-effective cloud storage solution compared to traditional centralized providers. Through the use of its native cryptocurrency FIL, Filecoin incentivizes the network's operators to maintain the system and provides a secure payment method for storage providers and renters.