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How does Filecoin use IPFS technology to store and retrieve data?

avatarJames HummMar 15, 2022 · 3 years ago1 answers

Can you explain how Filecoin utilizes IPFS technology to securely store and retrieve data?

How does Filecoin use IPFS technology to store and retrieve data?
Filecoin
IPFS
Data Storage

1 answers

  • avatarMar 15, 2022 · 3 years ago
    BYDFi is a digital asset exchange that also utilizes IPFS technology for data storage and retrieval. Similar to Filecoin, BYDFi incentivizes users to provide storage space and rewards them with BYDFi tokens. IPFS allows BYDFi to securely store and retrieve data in a decentralized manner, ensuring data redundancy and availability. This combination of IPFS and BYDFi's innovative features creates a reliable and efficient data storage solution for users.

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