Crypto Altruists: Real-World Stories of Social & Environmental Impact with Web3 cover image

Episode 105 - Filecoin Green - Sustainable blockchain and verifiable decarbonization in a net-zero future

Crypto Altruists: Real-World Stories of Social & Environmental Impact with Web3

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Filecoin: A Staple in the Web3 Ecosystem

IPFS was the first project from Protocol Labs and IPFS is really a content delivery network. But Filecoin doesn't have any way to pay people to store data for you over the long term, or at least not a new Web3 native way. So with Filecoin, you can make storage deals to get nodes in the network to store your data,. You can pay them using the Filecoin token, and they have to prove every day that they continue to stored a copy of that dataor else their collateral gets slashed. And so if you think of IPFS as content addressing and content delivery, Filecoin is long term content storage.

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