Filecoin
Filecoin describes a peer-to-peer network in which storage providers store data for clients.
Project description based on its own documentation.
Profile sources checked: . This date refers to the introduction, not a network observation.
About the project
Filecoin’s documentation describes a peer-to-peer network for decentralized file storage that uses economic incentives and cryptographic proofs. Clients choose storage providers in an open market, and the documentation states that storage availability and pricing are not controlled by any single entity.
Storage with proofs and collateral
Clients pay storage providers to store their data. According to the documentation, providers submit cryptographic proofs that the data is still stored and lock FIL as collateral, which can be burned if they repeatedly fail to provide a proof.
Source: Storage with proofs and collateral ↗Retrieval by content address
The documentation states that most Filecoin nodes are also IPFS nodes. A file can be retrieved by its content address (CID) from a node that holds a copy, and a network indexer helps locate it.
Source: Retrieval by content address ↗FIL and network payments
The documents describe FIL as the cryptocurrency of the Filecoin network. It is used to pay storage providers, and providers receive FIL as block rewards and transaction fees. FIL holders are encouraged to take part in governance. This reflects the project’s documentation and does not state an expected return.
Source: FIL and network payments ↗Block rewards and storage power
Storage providers can be elected to produce new blocks and receive a block reward. According to the documentation, the election is based on storage power, at least 10 TiB of storage power is required to be eligible, and the amount of FIL per block reward varies over time.
Source: Block rewards and storage power ↗Check infrastructure requirements
The infrastructure guide for storage providers describes network requirements: internet bandwidth of 1 to 10 Gbps is generally sufficient for most organizations, and internal connections between servers should be at least 10 Gbps. Read the current guides before planning storage operations.
Source: Check infrastructure requirements ↗Source date and scope
The website editors read CMIEON’s archived copies of these sources on 5 November 2026. The copies were captured on 5 November 2026. This date records the source review. This introduction is editorial and is not CORE-verified fact. Available CORE evidence and questions depend on your account access.
Source: Source date and scope ↗Sign in to explore available evidence
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