@planet
Filecoin is a decentralized storage network. It turns cloud storage into an algorithmic market, allowing users to rent out unused hard drive space to store data securely and cheaply.
**Future Outlook:** As data generation explodes, centralized cloud storage becomes expensive and risky. Filecoin offers a censorship-resistant alternative. Its integration with smart contracts (FVM) now allows for programmable data, expanding its utility.
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