Cryptocurrency Q&A
What is Filecoin used for?
What is Filecoin used for?
Sara
Thu Nov 28 2024
|
7 answers
1283
I heard about Filecoin and I'm curious to know what it's used for. Is it a type of cryptocurrency or does it have some other specific purpose? Can someone explain its main functions and applications?
7 answers
Federica
Sat Nov 30 2024
This network leverages the InterPlanetary File System, known as IPFS, as its foundation.
Was this helpful?
199
92
ShintoBlessing
Sat Nov 30 2024
IPFS plays a crucial role in enabling Filecoin to function effectively.
Was this helpful?
117
88
BlockchainBaroness
Sat Nov 30 2024
Filecoin serves as a decentralized storage network with an ambitious goal.
Was this helpful?
73
53
MysticMoon
Sat Nov 30 2024
By utilizing IPFS, Filecoin can incentivize a vast global network of computer operators.
Was this helpful?
313
25
Maria
Sat Nov 30 2024
These operators are motivated to offer their storage space to the network.
Was this helpful?
143
48
Load 5 more related questions
