Decentralized storage “Filecoin” partners with Solana

Decentralize Solana data storage

Filecoin (FIL), a decentralized storage network, announced on the 17th a strategic partnership with Solana (SOL). By leveraging Filecoin's decentralized storage capabilities, Solana aims to improve network reliability, scalability, and security.

Solana's integration with #Filecoin is a significant move away from centralized storage solutions and a remarkable step towards enhancing the reliability and scalability of the Solana blockchain.@solana is utilizing Filecoin to make its block history more accessible and usable… pic.twitter.com/1NcuaLNYT5

— Filecoin (@Filecoin) February 16, 2024

Filecoin is a P2P network that uses a distributed storage system that encrypts and stores data in a distributed manner. Additionally, users can earn mining rewards by lending out excess storage on their computers.

In contrast to centralized storage services provided by major IT companies, decentralized storage has the advantage of reducing the risk of hacking and improving security and resilience by storing data in multiple locations. be. It is also expected to make it easier for a wider range of companies to enter the data economy, leading to significant cost reductions.

Improved data access

Filecoin claims that this partnership will allow Solana to achieve data redundancy, scalability, and enhanced security while staying true to its decentralization philosophy. In addition, Filecoin's decentralized storage feature will make it easier to access Solana's block history in actual use, making it easier to use.

Anatoly Yakovenko, founder of Solana, commented, “We are grateful to Filecoin for building a wonderful decentralized archive layer.'' He stated that Triton One, which provides RPC (remote procedure call) services, made a major contribution to making this possible.

I am really excited to see this launch. Huge thanks to @Filecoin for building an awesome decentralized archive layer.

And to @triton_onewho did a ton of work to ship this!

https://t.co/d08obtlrfl

— toly (@aeyakovenko) February 17, 2024

connection:Cryptocurrency Solana's blockchain stopped operating for about 5 hours due to a failure, but has now been restored

Open services for data

Filecoin aims to create a reliable alternative infrastructure that rivals traditional cloud infrastructure in scale and suite of data services, and its vision consists of three pillars:

• Data storage
• Searching for data
• Data transformation

On its official blog, Filecoin reflected on its progress over the past year, saying that it has gone beyond the framework of building a decentralized storage network and has transformed into a “programmable platform” that enables the provision of open data services.

In 2024, he expressed his ambition to contribute to the creation of a more open and interconnected digital world by integrating with various blockchain ecosystems and enhancing data search. Specifically, the company plans to focus on new apps, the launch of Filecoin's L2 network, and becoming the fundamental storage layer for Web3.

connection:Decentralized storage “Filecoin” launches Ethereum compatible virtual machine

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