You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Copy file name to clipboardExpand all lines: basics/assets/the-fil-token.md
+2-3Lines changed: 2 additions & 3 deletions
Display the source diff
Display the rich diff
Original file line number
Diff line number
Diff line change
@@ -12,11 +12,10 @@ FIL plays a vital role in incentivizing users to participate in the Filecoin net
12
12
13
13
### Network payments
14
14
15
-
When a user wants to store data on the Filecoin network, they pay in FIL to the storage providers who offer their storage space. The payment is made in advance for a certain amount of time that the data will be stored on the network.
16
-
When a user wants to retrieve their data from the Filecoin network, they can make a payment in FIL to the storage providers who stored the data. This payment incentivizes the storage providers to keep the data available for retrieval at all times.
15
+
When a user wants to store data on the Filecoin network, they pay in FIL to the storage providers who offer their storage space. The payment is made in advance for a certain amount of time that the data will be stored on the network.
16
+
When a user wants to retrieve their data from the Filecoin network, they can make a payment in FIL to the storage providers who stored the data. This payment incentivizes the storage providers to keep the data available for retrieval at all times.
17
17
Storage providers choose their own terms and payment mechanisms for providing storage and retrieval services so other options (such as fiat payments) can be available.
18
18
19
-
20
19
### Blockchain rewards
21
20
22
21
Storage providers are also rewarded with FIL for providing their storage space and performing other useful tasks on the network. FIL is used to reward storage providers who validate and add new blocks to the Filecoin blockchain. Providers receive a block reward in FIL for each new block they add to the blockchain and also earn transaction fees in FIL for processing storage and retrieval transactions.
0 commit comments