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# Web3Architecture

109

How to view and understand the Filecoin project, and why is it important?
Filecoin:
Is a decentralized storage network where anyone can rent storage space or sell their idle hard drive space to earn money. It is essentially a blockchain-based cloud storage marketplace that uses the native cryptocurrency FIL as a medium of exchange.
Simple understanding:
Just like Airbnb allows you to rent out empty rooms to make money, Filecoin allows you to rent out your computer's idle hard drive space to earn FIL tokens. Conversely, when you need to store files, you can also pay FIL to have someone help you

FIL-1.55%

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