​Storage Milestone: Filecoin Surpasses 1 Exbibyte

Less than four weeks after mainnet launch, the Filecoin network has reached a major milestone. As of today, the global community of Filecoin miners has utilized 1 exbibyte (EiB) of decentralized storage capacity for the Filecoin network.

This is a huge achievement for the Filecoin network.

1. Enough storage space to store 290M 1080p movies

2.4,500 Wikipedias

3.685,000 years of continuous video calls

4. 19 Copies of the Entire Internet Archive

At this 1 EiB storage milestone, the Filecoin network is a large, diverse, distributed, and innovative ecosystem of participants.

The current structure of the internet is on fragile foundations. Filecoin serves as a cornerstone of vital public information, preserving datasets such as open-access scientific data, creative commons media, and historical archives.

Filecoin Discover is a powerful and dynamic distributed data storage cloud storage network that provides miners with the opportunity to select datasets covering literature, science, art, and history for storage that are now publicly available and accessible to the public. The catalog of open source datasets includes: ENCODE, 1000 Genomes, Project Gutenberg, Berkeley's self-driving data, and a copy of the Wikipedia database.

Leveraging the world’s underutilized storage assets, Filecoin’s marketplace creates a unique sharing economy, aligns incentives, and pragmatically rewards useful and reliable storage, bringing unprecedented economies of scale to the pricing of storage solutions.

Verifiable security and authenticity checks, such as content addressing and cryptographic proofs of storage, verify that data is stored correctly and securely over time. Distributing the world’s data storage and moving it away from the current cloud oligopoly, which relies on physical servers concentrated in multiple data centers, will also enhance data security and resilience by reducing the threat of corruption, loss, theft, firewall breaches, or attacks.

Filecoin reduces the barrier to entry for storage providers and turns cloud storage into a commodity. This allows new entrants to easily compete with entrenched players. The growing community of 677+ active miners, 90+ organizations built on the network, 200+ new projects entering the ecosystem through dedicated accelerators and hackathons, and 4,800+ contributors on GitHub are collectively participating in the growth of the network and many exabytes of storage capacity are unlimited.

“Our goal is to build a Library of Alexandria to preserve humanity’s most valuable knowledge that can never be burned,” said Colin Evran, Filecoin Ecosystem Director. “Thanks to our global community of storage miners, enthusiastic storage clients, and accessible web tools, we are getting closer to realizing this vision and enabling countless new use cases.”

The Filecoin community — past, present, and future — deserves all the credit. They contributed their talent, insight, hard work, and resources to make this amazing milestone a reality. Filecoin’s mission is to create a decentralized, efficient, and powerful foundation for humanity’s information. ”

We hope you’ll celebrate this milestone with us at Filecoin!

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