Hyperspace vs IPFS vs Filecoin

Hyperspace, IPFS and Filecoin each address unique challenges in the web3 ecosystem, offering complementary strengths for builders. Hyperspace is a decentralized cloud storage platform that uses client-side encryption and blockchain-based smart contracts to create a competitive, trustless storage marketplace. IPFS is a distributed, peer-to-peer network protocol for storing and accessing data without relying on centralized servers. Filecoin is a decentralized storage network that enables secure, efficient, and incentivized data storage and retrieval on a peer-to-peer basis. Together, these tools serve different but overlapping user needs, making them valuable components in a modern web3 development stack.