Foundations of Blockchain

Filecoin

Filecoin is a distributed storage network that turns its storage network into an algorithmic market. Cryptocurrencies have proved that a critical asset such as digital money can be transacted without the need for an intermediary. But these currencies only have decentralized transaction information on the network. Decentralization of bulk data in a blockchain network is expensive and slow, and the data does not need to be verified like transactions because each piece of data is not related to the others. Many protocols have been created for decentralized data storage so that data can be fetched efficiently without the need for a third-party. IPFS is one such protocol that has proven the utility of content-addressing by decentralizing ...