Filecoin

Filecoin is a decentralized storage network that allows individuals and organizations to rent out their extra hard drive space, creating a global marketplace for data storage. Using blockchain technology, it ensures secure, transparent transactions and incentivizes providers with tokens. Clients can pay to store data securely, while storage providers earn tokens for offering reliable space. This system reduces reliance on centralized data centers, enhances privacy, and increases resilience by distributing data across many participants worldwide. Essentially, Filecoin turns unused storage capacity into a commercial asset, making data storage more efficient, open, and tamper-resistant.