KopperCoin - A Distributed File Storage with Financial Incentives

One of the current problems of peer-to-peer-based file storage systems like Freenet is missing participation, especially of storage providers. Users are expected to contribute storage resources but may have little incentive to do so. In this paper we propose KopperCoin, a token system inspired by Bitcoin's blockchain which can be integrated into a peer-to-peer file storage system. In contrast to Bitcoin, KopperCoin does not rely on a proof of work (PoW) but instead on a proof of retrievability (PoR). Thus it is not computationally expensive and instead requires participants to contribute file storage to maintain the network. Participants can earn digital tokens by providing storage to other users, and by allowing other participants in the network to download files. These tokens serve as a payment mechanism. Thus we provide direct reward to participants contributing storage resources.