The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.

Juan Benet

Juan Benet

Create Currency Data Filecoin Files First Foremost Hire Miner Miners Network Precisely Purpose Reward Spent Store Successfully Token Up Use Who

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Filecoin is a token with fundamental value. Filecoin is like Bitcoin, but miners amass hard drives instead of hashing computers.

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Filecoin is a decentralized storage market - think of it like Airbnb for cloud storage - where anybody with extra hard drive space can sell it on the network.

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Growing up, I didn't know anybody who didn't have a miner in the family. Both of my grandfathers were miners.

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I the heir of all the ages, in the foremost files of time.

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Next to bricks and mortar and electricity, the network is the most important element in the data center

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