What Is Filecoin? A Beginner’s Guide to the Decentralized Storage Network
Filecoin is a decentralized storage network that allows users to rent out spare digital storage space in exchange for cryptocurrency. Unlike traditional cloud services, Filecoin operates on a blockchain, offering transparent, secure, and efficient file storage and retrieval without centralized control. Its native token, FIL, powers the ecosystem and incentivizes users and miners alike. A…