From 619712643cc41adbdf3920e0bf191aa055818fe9 Mon Sep 17 00:00:00 2001 From: Mirha Masala Date: Fri, 25 Oct 2024 14:28:18 +0100 Subject: [PATCH] Edit What is Filecoin --- basics/what-is-filecoin/README.md | 15 ++++++++------- 1 file changed, 8 insertions(+), 7 deletions(-) diff --git a/basics/what-is-filecoin/README.md b/basics/what-is-filecoin/README.md index 83666f86b..a2454ec07 100644 --- a/basics/what-is-filecoin/README.md +++ b/basics/what-is-filecoin/README.md @@ -1,17 +1,18 @@ --- description: >- - This section aims to provide a comprehensive overview of Filecoin to - developers and serves as a reference that developers can check back on. + This section provides a comprehensive overview of Filecoin for developers and serves as a reference they can revisit. --- -# What is Filecoin +# An Introduction to Filecoin -Filecoin is a peer-to-peer network that stores files, with built-in economic incentives and cryptography to ensure files are stored reliably over time. In Filecoin, users pay to store their files on storage providers. Storage providers are computers responsible for storing files and proving they have stored them correctly over time. Anyone who wants to store their files or get paid for storing other users’ files can join Filecoin. Available storage, and the price of that storage, are not controlled by any single company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in. +Filecoin is a peer-to-peer network that stores files with built-in economic incentives and cryptography to ensure files are reliably stored over time. In Filecoin, users pay to store their files on storage providers. Storage providers are computers responsible for storing files and proving they have stored them correctly over time. Anyone who wants to store their files or get paid for storing others’ files can join Filecoin. Available storage and pricing are not controlled by any single company; instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in. -Filecoin is built on top of the same software powering [IPFS protocol](https://docs.ipfs.tech/), which is a peer-to-peer distributed storage network that leverages [content addressing](https://docs.ipfs.tech/concepts/content-addressing/) to allow permanent references to the data, and avoids relying on specific devices or cloud servers for addressing the content. Filecoin is different from IPFS because it has an incentive layer on top to incentivize contents to be reliably stored and accessed. +Filecoin is built on top of the same software powering the [IPFS protocol](https://docs.ipfs.tech/). IPFS is a peer-to-peer distributed storage network that leverages [content addressing](https://docs.ipfs.tech/concepts/content-addressing/) to create permanent data references without relying on specific devices or cloud servers. Filecoin differs from IPFS by adding an incentive layer, which encourages reliable storage and easy access to content. -Filecoin enables several use cases, from Web3 native NFT and metaverse/game assets storage, incentivized permanent storage, to archiving Web2 datasets as a cheaper alternative to cloud storage. For example, [NFT.Storage](https://nft.storage/) utilizes Filecoin to provide a simple decentralized storage solution for NFT contents and metadata, while [Shoah Foundation](https://sfi.usc.edu/) and [Internet Archive](https://archive.org/) leverages Filecoin to backup their contents. Filecoin also supports a wide range of formats of data, including audio and video files, allowing Web3 platforms such as [Audius](https://audius.co/) and [Huddle01](https://huddle01.com/) to leverage Filecoin as the decentralized storage backend for music streaming and video conferencing. +Filecoin enables several use cases, including Web3-native NFT storage, metaverse and game asset storage, and incentivized permanent storage. It also provides an affordable solution for archiving Web2 datasets, making it a compelling alternative to traditional cloud storage. +For example, [NFT.Storage](https://nft.storage/) uses Filecoin to offer decentralized storage for NFT content and metadata. Additionally, organizations like the [Shoah Foundation](https://sfi.usc.edu/) and [Internet Archive](https://archive.org/) leverage Filecoin for content backup. +Beyond these, Filecoin supports a wide range of data formats, including audio and video files. This functionality allows Web3 platforms like [Audius](https://audius.co/) and [Huddle01](https://huddle01.com/) to use Filecoin as a decentralized storage backend for music streaming and video conferencing. - [Was this page helpful?](https://airtable.com/apppq4inOe4gmSSlk/pagoZHC2i1iqgphgl/form?prefill\_Page%20URL=https%3A%2F%2Fapp.gitbook.com%2Fo%2FNNmD4UvLc26b1TmEYgzE%2Fs%2FxNWFG7bQkjLkl5BBGjbD%2F) + [Was this page helpful?](https://airtable.com/apppq4inOe4gmSSlk/pagoZHC2i1iqgphgl/form?prefill_Page%20URL=https%3A%2F%2Fapp.gitbook.com%2Fo%2FNNmD4UvLc26b1TmEYgzE%2Fs%2FxNWFG7bQkjLkl5BBGjbD%2F)