Permacoin

File Format
Name	Permacoin
Ontology	Electronic File Formats Currency Permacoin

Permacoin is a proposed system developed at Microsoft Research that is both an electronic currency and a distributed filesystem. (And a floor wax and a dessert topping! Well, not quite.) It proposes to build a Bitcoin-style distributed crypto-currency system where one effect of the "mining" operation is to store data, which can be used as a file backup and retrieval service.

A similar concept is being implemented by Storj.

Links

• Paper describing the system
• Blog discussion
• Bitcoin rival rewards you for archiving history instead of doing useless math
• How Bitcoin could become a super-sized Wayback Machine