Cryptocurrency Q&A
Is Filecoin deflationary?
Is Filecoin deflationary?
KatanaSharpness
Fri Nov 29 2024
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7 answers
1128
I've been hearing a lot about cryptocurrencies and blockchain technology recently. I'm particularly interested in Filecoin and its economic model. I want to know if Filecoin has a deflationary mechanism built into its design.
7 answers
Alessandro
Sun Dec 01 2024
Besides funding computations and bandwidth, Filecoin is also burned as penalties.
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DiamondStorm
Sun Dec 01 2024
A portion of Filecoin is dedicated to funding on-chain computations.
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Tommaso
Sun Dec 01 2024
These computations are essential for maintaining the network's operations.
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CryptoPioneer
Sun Dec 01 2024
Additionally, Filecoin is burned to cover bandwidth costs.
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MountFujiMysticalView
Sun Dec 01 2024
Bandwidth is crucial for transmitting network messages efficiently.
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