|Original author(s)||Protocol Labs and Juan Benet|
|White paper||"Filecoin: A Decentralized Storage Network", 2017-07-19|
"Filecoin: A Cryptocurrency Operated File Storage Network", 2014-07-15
|Initial release||15 July 2014|
|Part of a series on|
|Video sharing sites|
|File sharing networks|
|Anonymous file sharing|
|History and societal aspects|
|By country or region|
Filecoin (⨎) is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method. It is made by Protocol Labs and shares some ideas from InterPlanetary File System allowing users to rent unused hard drive space. A blockchain mechanism is used to register the deals. Filecoin is an open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
The project was launched in August 2017 and raised over $200 million within 30 minutes.
In April 2021 the Filecoin Foundation donated 50,000 filecoins worth $10,000,000 to the Internet Archive. In addition, Internet Archive's founder Brewster Kahle and director of partnerships Wendy Hanamura joined the boards of advisors of Filecoin and the Filecoin Foundation for the Decentralized Web.
As of February 2022 the total storage capacity was 15.6 EiB, and total data stored was 40 PiB.