Filecoin plans to shift block rewards toward paid storage

FIP-0118 cuts the consensus share of block rewards and burns any service allocation the network fails to earn Filecoin is rewriting how it pays the people who keep its network running. Under FIP-0118, nicknamed “Solstice,” a growing slice of block rewards will depend on whether customers actually pay for storage. The change divides each block reward into three streams. The first is the consensus share , which goes to storage providers that win blocks. That consensus share currently sits at 95%. Under FIP-0118, it steps down toward a 50% floor over about nine quarters, or roughly 2.25 years.

Also reported by The Defiant.

Source: Crypto Briefing