ABOUT FILECOIN & IPFS
Filecoin, the worlds' largest decentralized network, allows users to store, request, and transfer data via a verifiable marketplace. Filecoin is completely open-source, enabling people from all over the world to participate. The Filecoin protocol runs on an advanced and novel proof system, a combination of Proof of Spacetime (PoSt) and Proof of Replication (PoRep), to provide unmatched efficiency and reliability. Filecoins' advanced technology provides a robust foundation to store the worlds' most valuable data sets. An alternative to costly cloud storage, the Filecoin network offers efficiently priced and geographically decentralized storage, minimizing financial barriers, and allowing users to take advantage of its unmatched network capabilities.
IPFS is a peer-to-peer network and protocol designed to make the web faster, safer, and more open. IPFS upgrades the web to work peer to peer, addressing data by what it is instead of where its' located on the network, or who is hosting it.