Do you understand how Filecoin works?

1. The Filecoin protocol is a decentralized storage network built on blockchain and with a native token. Clients spend tokens to store data and retrieve data, while miners earn tokens by providing storage and retrieving data.

In the Filecoin network, when clients store and view their own data, they need to pay Filecoin and rely on miners, namely storage miners and retrieval miners. This forms a supply and demand ecosystem, where clients request services (upload or view data) and miners are responsible for providing services (storage or retrieval of data).

2. Filecoin DSN (Decentralized Storage Network) handles storage requests and retrieval requests through two verifiable markets: the storage market and the retrieval market. Clients and miners set the price of the service required and the price of the service provided, and submit their orders to the market.

Filecoin DSN can be likened to an open, transparent, and accurate matching market, providing an environment for clients and miners to match. Clients require storage or retrieval services and are willing to pay a certain amount of Filecoin as a fee. At the same time, storage miners and retrieval miners will also require a certain amount of Filecoin to provide services. So when the conditions of both parties meet, the network will match the transaction.

3. The market is operated by the Filecoin network, which uses "Proof of Space and Time" and "Proof of Replication" to ensure that miners correctly store the data they promise to store.

After reaching a consensus, different miners on the network need to start providing storage services. In order to ensure the quality of miners' services and to confirm that they are not malicious attackers, the network uses Proof-of-Spacetime and Proof-of-Replication.

As a storage miner, you need to submit collateral, and the proof of space-time can verify whether the storage miner has stored the data legally. If the storage miner does something harmful to the system, the collateral will be confiscated in whole or in part.

Proof of Replication is an improved PoS (Proof-of-Storage). PoRep can prove that the data is stored by miners, and can ensure that the storage of each piece of data is independent, thus preventing Sybil attacks, exogenous attacks and generation attacks.