🔵About Filecoin

Q:What is Filecoin?

Filecoin is a peer-to-peer network that stores files, with built-in economic incentives and cryptography to ensure files are stored reliably over time. Filecoin is built on top of the InterPlanetary File System (IPFS), which serves as the distributed data storage and sharing layer of Filecoin.

It’s worth highlighting that the Filecoin Virtual Machine (FVM) is a runtime environment for smart contracts (also called actors) on the Filecoin network. It brings user programmability to Filecoin, unleashing the enormous potential of an open data economy.

The FVM is set to unlock boundless possibilities, ranging from dataDAOs to perpetual storage, financial services for storage providers, decentralized computing, and Layer-2 networks.

Q:About the integration on Filecoin

Glacier provides programmable data composability powered by L2 rollup solutions to seamlessly and effortlessly handle datasets with NoSQL GlacierDB on top of Filecoin. With GlacierDB now integrated with Filecoin, developers can experience an array of unparalleled benefits:

  • Compatibility with IPFS: Filecoin Network leverages IPFS as its storage layer, ensuring the integrity and availability of the stored data.

  • Filecoin Virtual Machine: Filecoin Virtual Machine (FVM) allows developers to build and deploy smart contracts on the Filecion network, unlocking the enormous potential of the provable storage.

  • Massive Storage Capacity: Filecoin Network boasts a vast storage capacity primed for massive datasets. It makes available large datasets coming from enterprise-scale clients.

  • Thriving Miner Ecosystem: It is more than a storage space. With its decentralized network, Filecoin Network provides miners and builders with a rich and diverse ecosystem.

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