What is decentralized storage?

With decentralized storage, data is encrypted and stored across multiple locations, or nodes, that are run by individuals or organizations that share their extra disk space for a fee . Only the data’s owner holds the private encryption key; storage providers cannot access the data.5 Oca 2022

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Is Filecoin storage free?

According to the internet technology-support provider, the cryptocurrency Filecoin storage platform will remain free indefinitely as a simple and “hassle-free” way to upload data on the redundant storage capacity that storage providers offer in exchange for cryptocurrency Filecoin block rewards.

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How is data stored in Filecoin?

Filecoin is an open-source, cloud-based decentralized storage network (DSN) built to maximize data storage and retrieval. The Filecoin network leverages a mining, storage, and retrieval mechanism that connects storage miners (providers) and retrieval miners (servers) with clients who pay to store and retrieve data .

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