Filecoin + IPFS: Synergy for the decentralized web! 🤝🌐
Filecoin is closely integrated with IPFS (InterPlanetary File System), creating a powerful duo for the decentralized network.
IPFS: This is a protocol and peer-to-peer network for storing and accessing files, data, websites, and applications. IPFS uses content addressing: every file receives a unique cryptographic hash (CID) that serves as its address. This allows you to retrieve a file by its content rather than by its location on a server.
Role of IPFS: IPFS provides a way to address and distribute content in a decentralized internet.
Role of Filecoin: Filecoin adds a level of economic incentive to IPFS. While IPFS allows you to find content, Filecoin ensures that this content is available and continuously stored for a fee. This motivates people to store data that others need.
Synergy: Together, IPFS and Filecoin create a sustainable, decentralized, and economically viable infrastructure for storing and accessing data in Web3.
Their collaboration makes Filecoin and IPFS cornerstones of the future decentralized internet.