Filecoin is a blockchain platform focused on decentralized data storage with built—in economic incentives for users. It is one of the main infrastructure projects of the Web 3 direction. The security and verification of data stored in the Filecoin network is provided by two consensus algorithms at once: Proof of Spacetime (PoSt) and Proof Of Replication (PoRep). Miners on the Filecoin network are responsible for storing and providing data.

Filecoin news today, FIL crypto latest news of token ticker

Filecoin

1/ The Filecoin ecosystem runs on $FIL, which is used to pay network fees, reward miners, and function as collateral. @TheBlockcrunch dove into FIL in its latest report.  Here's a peek of what they covered. 🫣

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Did anybody say BURNING? 🔥

Thanks to @FilecoinTLDR for sharing an insightful thread on tokenomics! Understanding the economics behind Filecoin is crucial for those looking to get involved in the network. 

Read all about it in this tweet 👇
https://twitter.com/FilecoinTLDR/status/1656650968962932737

Did anybody say BURNING. Thanks to @FilecoinTLDR for sharing an insightful thread on tokenomics.