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RE: The Speak Network Incentive Layer (Hive Fest)

in #speak4 years ago

Miners need to have token to participate in providing services to the network and be rewarded in doing so. People can still provide their services to the network, but they have to hold token to be rewarded.

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But what exactly is meant by services and resources?

Services would be like providing an API endpoint, encoding functionality, or an IPFS gateway to a name a few. Resources are the measurement of thereof. If node operators (miners) provides 1tb of storage, or spent processing time encoding for a video, that is considered a measurable resource.