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updated faq, tft

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2024-08-29 16:43:43 -04:00
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collections/farming/proof_of_utilization.md
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## Introduction
ThreeFold Token ("TFT") is an Utility token and gets generated by ThreeFold Farmers, see [proof-of-capacity](proof_of_capacity.md) for more information.
ThreeFold Token ("TFT") is the token of the ThreeFold ecosystem.
Each ThreeFold Grid user can now use this capacity. The ThreeFold Chain ("TFChain") - ThreeFold Blockchain will track the utilization of this capacity. This process is called Proof-of-Utilization. Each hour the utilization is being tracked on the blockchain and charged to the capacity's user.
Each ThreeFold Grid user can use the capacity on the grid by using TFT. The ThreeFold Chain ("TFChain") - ThreeFold Blockchain will track the utilization of this capacity. This process is called Proof-of-Utilization. Each hour the utilization is being tracked on the blockchain and charged to the capacity's user.
## What is Proof-of-Utilization?