Odaily Planet Daily News Protocol Labs tweeted that Filecoin is a global storage network driven by cryptocurrency, used to save human beings’ most important information, not securities. The Filecoin Network includes more than 3,500 storage providers in more than 40 countries, conducting more than 33 million storage transactions; thousands of Github contributors; and more than 300 organizations building tools and applications on the Filecoin Network. FIL tokens are vital to the operation of the network. FIL is used as Gas for processing transactions, as a means of compensation for storage providers, and as a tool to ensure that data is stored reliably. This enables the network to process over 1 billion transactions.