The Filecoin network underwent an upgrade on October 22, which granted miners an immediate reward, alleviating some of their concerns about the network’s mining incentivization model
- FIP-004 of the Lotus 1.10 upgrade was activated at block height 170,000; miners who installed the upgrade were granted 25% of their block rewards immediately with no vesting required
- The remaining 75% will be vested over the next 6 months; Miners will have to upgrade to the latest version in order to continue mining
- Filecoin miners criticized the high requirements of mining a day after the mainnet was launched; the Filecoin team quickly responded by saying that solutions were being examined
- Filecoin development team Protocol Labs and ConsenSys announced a partnership on October 22, with the intention of integrating the storage protocol with Ethereum “at every layer”