Filecoin storage & development services
Leverage peer-to-peer network to store or get paid for storing other users’ files in a decentralized way. Our skilled team can help you benefit from Filecoin through such services as assets or incentivized permanent storage, mining, or provider setup.
Benefits of choosing Filecoin for your project
The pricing of storage and retrieval services on Filecoin is determined by market supply and demand, not by corporate pricing departments. This results in significantly lower costs, with prices as low as fractions of a dollar per GB, making Filecoin a more cost-effective option.
The Filecoin network features a runtime environment called the Filecoin Virtual Machine (FVM), designed for smart contract execution. With the FVM, a new class of web3 dApps can be created: data access control, data DAOs, perpetual storage, collateral leasing, and support for Ethereum-compatible fungible and non-fungible tokens.
Storing your documents on another person’s computer carries risks. However, with Filecoin’s data fragmentation approach, the data is split into fragments that unauthorized parties cannot easily reconstruct. Nobody can simply hack into the document and gain access to the files. Any attempt to do so would reveal only a meaningless stream of data.
The network consists of numerous computers operated by various individuals and organizations, making it highly decentralized. Any attempts by faulty or malicious actors to disrupt the network are automatically detected and removed by the system.
File references on Filecoin are based on their content rather than vulnerable identifiers like URLs. When a file gains popularity, it can be rapidly distributed through a swarm of computers instead of relying on a single central server, which can become overloaded with network traffic.
The platform rewards various types of Filecoin miners. Storage miners earn Filecoin by storing client data securely and providing evidence of this storage over time. On the other hand, retrieval miners earn Filecoin by bidding for and mining fees for a specific file based on its market value.
Here is how Filcecoin works
Every file and block on the Filecoin network is assigned a distinct cryptographic hash as a unique identifier.
The system eliminates duplicates throughout the network and maintains a record of the version history of each file.
Each node in the network stores only the required data and specific indexing information that helps determine which nodes have which content.
When locating a specific file, you query the network to find nodes with content associated with its unique hash.
How can you leverage Filecoin benefits with INC4 assistance?
Our team guides you through the essential concepts: a required design for suitable architecture, informed hardware investments, and a profitable storage provider business plan. We then set up the necessary infrastructure and provide ongoing support to ensure that your project avoids financial penalties from Filecoin if you fail to demonstrate data availability to the network.
Our team begins by reviewing your hardware cost or availability constraints. Then we offer efficient sealing of the data into sectors, maximizing block rewards for you without investing in a complex, expensive pipeline. Our experts can effortlessly expand capability in your sealing capacity. Thus you can take on larger deals without worrying about not meeting client expectations.
Have you ever considered storing and retrieving your data from a database without complete dependence on centralized servers? Our team can assist you in achieving this goal by utilizing all the advantages of Filecoin. Especially it will be interesting for Web2 projects as a cost-effective alternative to wonted cloud storage.
Our team can help you with diverse use cases, from Web3 native NFT to metaverse/game assets. Filecoin also supports various data formats, including audio and video files, enabling Web3 platforms to utilize Filecoin as a decentralized storage backend for music streaming and video conferencing.
Exploring Filecoin blockchain use cases
Why choose INC4 for Filecoin development services?
Petabytes of FIL & real valuable data stored
Dedicated Storage Providers
Petabytes Adjusted Power
Sectors daily production
That is how we work
This phase aims to bring everyone involved on the same page. Before starting Discovery, we get to know each other and define actual business needs and your personal expectations and how we can fit them.
The most important step is research. We don’t start coding at random; we conduct fundamental research and produce a comprehensive action plan to implement.
Still no development yet. After the research, we craft the product’s architecture and measurably think through the user flow. Only after designing the foundation can we move further.
Here is where the project appears. Blockchain engineers, Back-end and Front-end developers work in synergy to craft the best-in-class outcome.
No release is made without testing. We have a high-qualified QA team who test all the product peculiarities on testnet, devnet, and remote mainnet before going public.
We don’t launch projects and leave them. We are highly interested in projects’ success and continue to be involved in their growth by supporting products and developing new functionalities.