Why do pictures on the internet keep failing to load?
My understanding: storage providers must stake FIL as collateral. If they fail to store the data as agreed, part of their collateral will be deducted.
Filecoin uses “Proof of Replication” and “Proof of Spacetime” to verify that storage providers have actually stored users’ data.
$FIL is the native token of the Filecoin network, and storage fees are paid in $FIL .
#FIL
Personal notes; not a recommendation to buy or sell.
My understanding: storage providers must stake FIL as collateral. If they fail to store the data as agreed, part of their collateral will be deducted.
Filecoin uses “Proof of Replication” and “Proof of Spacetime” to verify that storage providers have actually stored users’ data.
$FIL is the native token of the Filecoin network, and storage fees are paid in $FIL .
#FIL
Personal notes; not a recommendation to buy or sell.