D’CENT Wallet Announces Official Support for the Filecoin Network
D’CENT Wallet now officially supports the Filecoin Network, expanding users' asset management experience and making it easier to utilize blockchain-based decentralized storage systems. Through this integration, D’CENT Wallet users can leverage a safer and more efficient decentralized data storage solution via the Filecoin network.
Introduction to Filecoin
Filecoin is a blockchain-based cryptocurrency that provides a decentralized storage network.
Unlike traditional cloud storage services (e.g., Google Drive, Dropbox), Filecoin is designed to enable users to store data on a decentralized network. This enhances data security and censorship resistance while reducing dependence on centralized servers.
Filecoin’s Growth and Role in DePIN
With the launch of its Mainnet in October 2020, Filecoin attracted significant attention and established itself as one of the most notable blockchain projects at the time. As the need for decentralized data storage in the Web3 environment has grown, Filecoin has gained recognition as a blockchain-based cloud solution.
In 2021, Filecoin's network storage capacity expanded rapidly, with numerous storage providers worldwide joining the network. This activation of decentralized data storage enabled various Web3 projects to build data storage infrastructure based on Filecoin.
Recently, Filecoin has played a crucial role in the Decentralized Physical Infrastructure Networks (DePIN) ecosystem. DePIN is a decentralized network where users directly provide physical infrastructure without relying on centralized servers, and Filecoin has become a representative decentralized storage network within this concept. Currently, Filecoin is utilized in various fields, including NFT data storage, long-term data preservation for research institutions, and enterprise cloud infrastructure.
How Does Filecoin Work?
On the Filecoin network, users store data with storage providers and pay them with Filecoin (FIL). Conversely, those providing storage space receive Filecoin as a reward. This lowers data storage costs and enables secure data storage without centralized servers.
✅ Users → Store data and pay with Filecoin (FIL)
✅ Storage Providers → Provide storage space and receive Filecoin as rewards
Filecoin Token Economy and Supply
- Total supply: 2 billion FIL
- Circulating supply: Approximately 630 million FIL (as of February 2025)
- Token distribution:
- Miner rewards: ~70%
- Filecoin Foundation and early investors: ~30%
- Mining mechanism: Storage providers earn rewards by storing and proving data (Proof-of-Replication & Proof-of-Spacetime)
Use Cases of Filecoin
Filecoin is used in various Web3 applications, including NFT, metaverse, and game asset storage, and is also gaining attention as a cost-effective alternative for archiving Web2 data.
1. NFT and Metaverse Asset Storage
- NFT.Storage: Uses Filecoin for decentralized storage of NFT content and metadata
- Metaverse and gaming platforms: Utilizes Filecoin for storing digital assets in metaverse environments
2. Long-Term Data Preservation and Archiving
- Institutions such as the Internet Archive and Shoah Foundation use Filecoin for data backup and long-term storage solutions
3. Decentralized Media Storage
- Web3 platforms such as Audius (music streaming) and Huddle01 (video conferencing) use Filecoin as backend storage to implement decentralized media management
Significance of D’CENT Wallet X Filecoin Integration
By integrating with the Filecoin network, D’CENT Wallet allows users to easily utilize decentralized storage technology. Through this integration, users can benefit in the following ways:
1. Secure and Decentralized Data Storage
Users can store data with enhanced security through Filecoin’s P2P network without relying on centralized cloud services.
2. Optimized for Web3 Asset Storage
D’CENT Wallet makes it easier to access Web3 applications based on Filecoin.
Additionally, users can deposit Filecoin into the Filecoin DeFi service, Filliquid, and store $FIG tokens in their D’CENT Wallet.
- Curious about Filliquid? : https://store.dcentwallet.com/blogs/post/dcent-mega-airdrop-filliquid
D’CENT Wallet Supports 74 Networks, Including Filecoin
With this Filecoin network integration, D’CENT Wallet now supports a total of 74 blockchain networks.
Experience the future of decentralized data storage with D’CENT Wallet supporting the Filecoin network!
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