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

The FIL token serves several functions:

1⃣Pays for messages on-chain.
2⃣Used as collateral creating economic incentives for reliable data storage and to secure the blockchain.
3⃣Burned to regulate blockspace.

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https://filecointldr.io/article/filecoin-tokenomics-understanding-an-advancing-economy…

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We get a lot of questions about FIL tokenomics in our TG (). Found a great article that answers them.