Filecoin is a data storage network and electronic currency based on Bitcoin.
Earn Filecoin by
renting disk space
Use Filecoin to store files
in the network or to transact
Exchange Filecoin for other
currencies, like Bitcoin
Find out when mining starts
How does it work?Read the Whitepaper
Earn Filecoin by renting disk spaceYou install Filebox -- the Filecoin mining client -- and allocate some disk space to rent. Filebox then stores others' files to mine Filecoin for you.
Store files in the networkWith Filebox, you can spend Filecoin to store your files in the network. Other miners will then replicate your files.
Transact with Filecoin, just like BitcoinYou can issue transactions and send value just like with Bitcoin and other cryptocurrencies. And by doing so, you're helping to back up the network's files!
Exchange Filecoin for other currencies, like BitcoinFilecoin exchanges will allow users to exchange Filecoin for Bitcoin, USD, and other currencies.
Not enough detail?
Read the Whitepaper