Why Do We Need a Decentralized Storage System?
summary
Protocol Labs builds Filecoin on top of IPFS and libp2p to create a blockchain-based marketplace where anyone can earn crypto by renting storage; storage and retrieval are split into a long‑term storage market and a low‑latency retrieval market (a peer CDN). Network is being seeded with public datasets via Filecoin Discover. Project raised $257 million in 2017 and targets a mainnet launch around July–August; permanence is handled by paid contracts that stream payments over time.
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chapters (7)
- 0:00Introduction to Protocol Labs
- 2:18The Filecoin value proposition
- 4:27Marketplace dynamics and pricing
- 5:53Storage and retrieval markets
- 7:33Seeding with valuable data
- 9:22Launch timeline and outlook
- 10:40Data persistence and closing
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