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Juan Benet Quotes
Juan Benet Quotes
Juan Benet
American
Businessman
Bitcoin
Call
Cloud
Decentralized
Where
You
Related authors:
Bill Gates
Henry Ford
Jim Rohn
Les Brown
Peter Drucker
Stephen Covey
Steve Jobs
Warren Buffett
Filecoin is a token with fundamental value. Filecoin is like Bitcoin, but miners amass hard drives instead of hashing computers.
Juan Benet
Bitcoin
Value
Miners
Computers
Drives
Instead
Like
Hard
Token
Filecoin
Fundamental
The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.
Juan Benet
Reward
First
Miner
Spent
Miners
Locking
Data
Network
Purpose
Hire
Foremost
Up
Precisely
Currency
Store
Create
Successfully
Use
Token
Who
Filecoin
Files
Filecoin is a decentralized storage market - think of it like Airbnb for cloud storage - where anybody with extra hard drive space can sell it on the network.
Juan Benet
Space
Drive
Cloud
Think
Extra
Market
Airbnb
Network
Like
Sell
Anybody
Storage
Where
Decentralized
Hard
Filecoin
We use content-addressing so content can be decoupled from origin servers and, instead, can be stored permanently. This means content can be stored and served very close to the user, perhaps even from a computer in the same room.
Juan Benet
Computer
Instead
Perhaps
Content
Permanently
Very
Close
Same
Stored
Room
Means
Use
User
Origin
Even
Served
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