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.

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Wondering how staking (or leasing) FIL benefits storage providers, token holders, and the entire Filecoin ecosystem? ⁉️ 

Siddharth Rao from 
@IOSGVC explains the economic value to the ecosystem in his latest article ⬇️

https://filec.org/45RIeom 

🔗https://x.com/FilecoinTLDR/status/1703844211320066087?s=20

Wondering how staking (or leasing) FIL benefits storage providers, token holders, and the entire Filecoin ecosystem.