3min chapter

The Defiant - DeFi Podcast cover image

Filecoin's Juan Benet on Upgrading the Heart of The Internet with Blockchains

The Defiant - DeFi Podcast

CHAPTER

How the Faculty Token Plays in a Decentralized Permissionless Open Network

The faculty token enables participants to um store and and hire uh so it's kind of like a medium of exchange for people participating in the faculty network. Source providers have to put up collateral promise that they sort of tie to the promise of them continuing to store the data if they don't then their collateral gets slashed. So this is one of the key components where you want to make verifiable transactions on decentralized permissionless open networks.

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