As we deal with unimaginably large amounts of data, there is a constant threat of our data being misused or compromised. Storj and Sia are two blockchain-based cloud repositories that help peer-to-peer file sharing . Your data is not at risk of being used by hackers or subject to any moderation or censorship because it is decentralized. With Sia, you can also exchange unused storage on your computer or in a data center to other users looking for storage.
Like Sia, Filecoin connects users and hosts, and the only difference is that Filecoin has its own currency – with the same name – which is generated by the volume of data transmitted through its protocol and can be exchanged with conventional digital and traditional currencies. Because all data is encrypted and protected according to “smart contracts,” it seems more profitable from a bigger picture than having your data stolen.