Filecoin creator denies strike allegations
Cointelegraph
Published Oct 19, 2020 05:22PM ET
Updated Oct 19, 2020 07:00PM ET
Juan Benet, the creator of blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since last week “nonsense.”
According to a report by 8btc.com, five of the largest Filecoin miners turned off thousands of rigs to protest the platform's economic model. Under this system, miners are required to stake Filecoin tokens (FIL) as collateral when producing a block. However, many of them are apparently coming up short in the number of tokens needed.
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Written By: Cointelegraph
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