The Filecoin network has reached a total capacity of 2.5 exbibytes, according to an announcement today. In more familiar terms, that's 2.5 billion gigabytes of data.
According to the release, this capacity is enough to store 725 million 1080p movies, 11,250 copies of Wikipedia, and 47 copies of the Internet Archive. So, a fair bit then.
Filecoin is a decentralized storage network that enables thousands of computers around the world to get paid to store data. Because the network is decentralized, it means the data isn't held in one single place, reducing the risk of it being lost or corrupted.
"The importance of an open, decentralized Internet has never been greater. Reaching 2.5 EiB storage capacity is a pivotal moment for Filecoin and the wider Web 3.0 movement," said Colin Evran, ecosystem lead at Filecoin.
Read Decrypt On The IPFS Network
You can now read all your favourite Decrypt articles on the InterPlanetary File System, the decentralized file-sharing network that opens the door for anyone to take part in the advent of the web3 age. IPFS is a peer-to-peer protocol for file-sharing and website hosting that runs across thousands of computers. It's an open-source project with a community of more than four thousand contributors around the world, developed by the team at Protocol Labs, an open-source R&D lab. Instead of having re...
"The Web 3.0 pursuit to create a more efficient and secure web, free from corporate control, is coming into fruition," he added.
Filecoin also provides a way of incentivizing the storage of data on IPFS, a protocol designed for accessing the Internet from anywhere in the world. IPFS users can store data directly from the IPFS network itself. It has been natively integrated into the Brave browser, or users can run their own IPFS nodes.
Decrypt has integrated with the IPFS network—so if you click the IPFS link at the bottom of this article, you can read it via the IPFS network.
