What is filecoin revisions #2373
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lanzafame
requested changes
Mar 20, 2025
| # Introduction to Filecoin | ||
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| Filecoin is a peer-to-peer network that enables reliable, decentralized file storage through built-in economic incentives and cryptographic proofs. Users pay storage providers—computers that store and continuously prove file integrity—to securely store their files over time. Anyone can join Filecoin as a user seeking storage or as a provider offering storage services. Storage availability and pricing aren’t controlled by any single entity; instead, Filecoin fosters an open market for file storage and retrieval accessible to all. | ||
| Filecoin is a peer-to-peer network that enables reliable, decentralized file storage through built-in economic incentives and cryptographic proofs. Clients, or users, pay any number of storage providers, or data centers, to store the client's data --storage providers then provide cryptographic proofs daily as evidence to the clients that the data is still at the data center. Storage providers lock a certain amount of Filecoin as collateral --should they fail to provide a proof, their collateral gets burned, serving as a strong deterrent from the data center losing the data. |
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| Filecoin is a peer-to-peer network that enables reliable, decentralized file storage through built-in economic incentives and cryptographic proofs. Clients, or users, pay any number of storage providers, or data centers, to store the client's data --storage providers then provide cryptographic proofs daily as evidence to the clients that the data is still at the data center. Storage providers lock a certain amount of Filecoin as collateral --should they fail to provide a proof, their collateral gets burned, serving as a strong deterrent from the data center losing the data. | |
| Filecoin is a peer-to-peer network that enables reliable, decentralized file storage through built-in economic incentives and cryptographic proofs. Clients, or users, pay any number of storage providers, or data centers, to store the client's data --storage providers then provide cryptographic proofs daily as evidence to the clients that the data is still at the data center. Storage providers lock a certain amount of Filecoin as collateral --should they repeatably fail to provide a proof, their collateral gets burned, serving as a strong deterrent from the data center losing the data. |
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I am also really not sure about the use of data center in this paragraph. Most data centers that are used by SPs have almost zero to do with the storing of files. SPs are quite vertically integrated, DCs providing mostly real estate and power to SPs.
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| At a high level, the consensus process uses [Drand](https://drand.love) to provide distributed, verifiable randomness, ensuring that leader election is secret, fair, and unbiased. Election participants and their storage power are drawn from the Power Table, which is continuously calculated and maintained by the Storage Power Consensus subsystem. Ultimately, EC gathers all valid blocks produced in an epoch and applies a weighting function to select the heaviest chain, adding blocks accordingly. | ||
| Ultimately, the EC process ends by gathering all valid blocks produced in an epoch to a tipset, applying a weighting function to select the heaviest chain, and adding the tipset to the heaviest chain accordingly. |
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We should add a section here about F3 since it 'overrides' EC.
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Updates to a few docs.