Foundations of Blockchain

Filecoin's decentralized storage network (DSN)

Filecoin's DSN is based on incentivizing the auditing and verifying of transactions. Clients in the network pay miners to store and retrieve data. Miners get paid only if the network audits the provided service.

Different participants in the network are Clients, Storage Miners, and Retrieval Miners:

• Clients pay to store data and to retrieve data in the DSN via PUT and GET requests.
• Storage Miners provide data storage to the network. Storage Miners participate in Filecoin by offering their disk space and serving PUT requests from the clients. To become Storage Miners, users must pledge their storage by depositing collateral proportional to it. Storage Miners respond to PUT requests by committing ...